Insurance Commissions Assoc

Raymond James•Saint Petersburg, FL

4d•Hybrid

About The Position

Under general supervision, uses specialized knowledge and skills obtained through experience and/or formal training to process all aspects of commissions for financial advisors. Detailed instructions, established procedures and prescribed guidelines are provided to perform a variety of routine tasks. Recommends solutions to moderately complex problems. Will have extensive contact with internal and external customers to identify, research, and resolve problems.

Requirements

Knowledge of: Accounting concepts, practices and procedures
Operations and systems of assigned functional area.
Fundamental accounting concepts, practices, and procedures.
Financial products.
Skill in: Operating standard office equipment and using required software applications, including general ledger and payroll software systems, including Microsoft Office Excel, Access and/or Crystal reporting.
Preparing, processing and maintaining transaction documentation, files, and records.
Gathering and compiling information.
Responding appropriately to inquiries and dealing with complex transaction issues.
Organizational and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines.
Ability to: Partner with other functional areas to accomplish objectives.
Execute instructions and request clarification when necessary.
Identify and resolve discrepancies.
Communicate effectively, both orally and in writing, with all organizational levels.
Demonstrate efficiency and flexibility in performing detailed tasks in a fast-paced work environment with frequent interruptions, changing priorities, and multiple deadlines.
Provide a high level of customer service, primarily via telephone.
Maintain strict confidentiality of commission records.
Work independently as well as collaboratively within a team environment.
High School diploma or equivalent with a minimum of two (2) years of Payroll or Commissions experience OR Associate’s degree (A.A.) or equivalent from a two-year college or technical school and one (1) year related experience and/or training in Payroll or Commissions.

Nice To Haves

Bachelor’s Degree Preferred ~or~ An equivalent combination of education, experience and/or training approved by Human Resources.
Education Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance
Work Experience General Experience - 4 to 6 months
Certifications

Responsibilities

Acts as commission liaison between insurance carriers, financial advisors and sales management.
Confirms proper posting of fees, commissions, reimbursements to commission systems and to general ledger, ensuring integrity ledger accounts.
Prepares various journal entries, primarily commission postings and adjustments.
Reconciles commission statements and commission related general ledger accounts.
Utilizes reporting software to assist in reconciliations and problem resolution.
Records, inputs and posts commission information from a variety of sources, including ACH’s and paper checks.
Prepares advances and commission reversals.
Remains current in operations policies and procedures.
May train other associates.
Performs other duties and responsibilities as assigned.