Senior Analyst

Summary

Join World Insurance Associates, a rapidly growing top 25 insurance broker in the U.S., and contribute to our success in the insurance industry. This role involves reviewing producer/client advisor employment agreements, ensuring proper onboarding and offboarding related to commissions, and generating monthly reports to track commission payments. You will review monthly reports for accuracy, coordinate corrections, and prepare quarterly reconciliations of producer draw accounts. Responsibilities also include coordinating with the payroll team, fielding inquiries from commission recipients, and participating in the integration of commission data from acquisitions. You will review acquired producers' and brokers' books of business and prepare miscellaneous analyses as requested by management. This position requires a Bachelor's degree and a minimum of 5 years' experience in accounting within the insurance industry.

Requirements

• Bachelor's Degree
• Minimum of 5 years' experience in accounting, insurance industry
• Proficient in accounting software and Microsoft Office Suite or related software
• Proficient in Microsoft Office Excel
• Excellent verbal and written communication skills
• Excellent supervisory and analytical skills
• Excellent organizational skills and attention to detail
• Ability to motivate staff

Responsibilities

• Review of producer/client advisor employment agreements to create optimal producer profile parameters
• Ensure proper onboarding and offboarding related to commissions
• Generate monthly reports from agency management systems utilized to track commission payments due to employees, client advisors and/or brokers
• Review monthly reports to ensure rates/calculations are in line with Company standards, broker agreements and/or employment agreements
• Coordinate completion of necessary corrections to monthly commission statements, including preparation of monthly journal entries
• Coordinate preparation/emailing of individual reports for all payees including managing auto-reports where appropriate
• Prepare quarterly reconciliations of producer draw accounts, including: tracking balances, executing reports, reviewing reports to ensure rates/calculations are in line with Company standards/employment agreements, reconciling to General Ledger, preparing/recording journal entries as needed
• Coordinate with payroll team to ensure timely commission payments
• Field inquiries from commission recipients including coordination of investigation into missing commissions, revised rates, shared business, etc
• Participate in process of integrating producer/broker commission data generated via acquisitions
• Review producer/broker commissions as reported by acquired agencies prior to full integration into Company’s agency management systems
• Review acquired producers’ & brokers’ book of business after conversion for accuracy of mapping and rates
• Prepare miscellaneous analysis as requested by management including periodic earnout calculations, resettable salary calculations and auditor inquiry responses

Preferred Qualifications

Experience with Applied, Benefit Point and/or NetSuite