Director of Producer Commissions and Incentive Payables

Summary

Join World Insurance Associates, a rapidly growing insurance broker, as a Commission Analyst. Lead the producer and administrative incentive commission/compensation process, overseeing a team of 5 seasoned analysts. Review quarterly draw reconciliations, periodic Earnout calculations, and producer commission reports. Ensure accuracy of rates and compliance with commission agreements. Leverage technology for automation and partner with various organizational leaders. This role requires a Bachelor's degree, 10+ years of accounting/insurance experience, and excellent communication and analytical skills.

Requirements

• Bachelor's Degree
• Minimum of 10 years' experience in accounting, insurance industry
• Excellent verbal and written communication skills
• Thorough understanding of the insurance brokerage industry
• Excellent supervisory and analytical skills
• Excellent organizational skills and attention to detail
• Ability to motivate staff
• Proficient in Microsoft Excel

Responsibilities

• Lead the producer and administrative incentive commission/compensation process
• Review quarterly draw reconciliations and periodic Earnout calculations
• Leverage technology for continued automation within department processes
• Train and guide a team of 5 seasoned commission analysts
• Oversee inquiries from all commission recipients including investigation into “missing” commissions, revised rates, shared business, etc
• Oversee sub-ledger to general ledger account/dimension reconciliations
• Partner closely with producers, agency unit leaders, divisional leaders and others within the organization
• Review Asset Purchase Agreements to determine optimal producer profile requirements
• Review producer & broker commission reports to ensure the accuracy of rates and compliance with commission agreements
• Review producers & brokers book of business after system conversion for accuracy of rates & codes
• Prepare ad hoc management requests

Preferred Qualifications

Experience in Applied EPIC, BenefitPoint, & Oracle NetSuite