Commissions Processor

Integrity•Decatur, IL

5d•Onsite

About The Position

The Commission Processor is responsible for accurately tracking, reconciling, processing, and reporting insurance commission payments received from carriers. This role ensures agents and producers are compensated correctly and on time while maintaining accurate financial records and resolving commission discrepancies. The ideal candidate is highly detail-oriented, organized, and capable of managing multiple carrier relationships and commission schedules.

Requirements

High school diploma or equivalent required; associate's degree in Accounting, Finance, Business Administration, or related field preferred.
2+ years of experience in insurance operations, accounting, commission processing, or a related administrative role.
Strong understanding of insurance products, agency operations, and commission structures preferred.
Proficiency with Microsoft Office, particularly Excel.
Experience with agency management systems and commission tracking software preferred.
Excellent data entry, reconciliation, and analytical skills.
Strong attention to detail with a high degree of accuracy.
Effective organizational, communication, and problem-solving abilities.
Ability to manage confidential financial information.

Nice To Haves

Experience working in an independent insurance agency.
Knowledge of personal lines, commercial lines, and employee benefits commission structures.
Experience with accounting software and financial reporting.
Insurance industry experience and familiarity with carrier commission statements.

Responsibilities

Process and reconcile commission statements received from insurance carriers.
Calculate, verify, and distribute commission payments to agents, producers, and agency staff.
Review commission reports for accuracy and investigate discrepancies.
Maintain commission records and payment histories within the agency management system.
Monitor commission receivables and follow up with carriers regarding missing or incorrect payments.
Reconcile commission activity with accounting and financial records.
Prepare monthly, quarterly, and annual commission reports for management.
Assist with commission forecasting, budgeting, and revenue tracking.
Process commission adjustments, chargebacks, and policy cancellations.
Maintain knowledge of carrier commission structures, incentives, bonuses, and compensation agreements.
Support accounting and payroll departments with commission-related inquiries.
Ensure compliance with agency policies, carrier agreements, and regulatory requirements.
Create and maintain documentation of commission processing procedures.
Respond promptly to agent and management inquiries regarding commission payments.