Producer/Broker Compensation Analyst

Risk Strategies

1d • $51,800 - $74,000

About The Position

As the Producer Compensation Analyst, you will primarily be responsible for assisting the Manager in calculating commissions, true-ups and bonuses for the producers. You will also be responsible to track and maintain broker agreements throughout the year. You will be the liaison between the finance & accounting team and producers regarding the quick resolution of all commission issues and escalate as necessary.

Requirements

• Bachelor’s Degree in finance or accounting preferred
• Insurance Brokerage or Insurance/Financial Services experience highly preferred
• 1-3 years’ experience in finance or accounting including experience within: working with large data sets, creation of excel templates, automation skills, and strong time management skills
• Proven ability to work independently, analyze data, and communicate effectively
• Proficiency in Microsoft Office products including PowerPoint and Excel and Power BI
• Exposure to Sales Compensation plans

Responsibilities

• Maintain details of all Producer/Broker compensation arrangements
• Maintain Compensation payment calendar with outside offices – ensuring all needed documents are received before deadline.
• Update Producer/Broker general information in systems as needed – working with operations to ensure accurate producer default rates are entered.
• Assist with the process of calculating and paying all Producers/Brokers accurately and timely including calculating individual true-ups and bonuses for those in accordance with employee agreements
• Assist with the calculation and correction of the House account commissions in February & August
• Assist with the midyear Draw evaluation and provide the Manager results and recommendations
• Regular review of data to identify errors, etc. especially for correct sales compensation reporting
• Support Manager with in-depth compensation and Producer analysis requests
• Liaise with other Corporate teams and departments (e.g. Corporate Accounting and Human Resources) as needed

Benefits

• Comprehensive risk management solutions
• Insurance and reinsurance placement for property & casualty, employee benefits, private client services
• Consulting services
• Financial & wealth solutions

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level