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Analyst, Producer Commissions – Incentive Payables
World Insurance Associates LLCAnalyst handling producer commissions and incentive payables for World Insurance Associates. Prepare financial statements, review agreements, and manage employee profiles in agency systems.
About the role
Key responsibilities & impact- Prepare statements and communications for unit leader and producer bonuses in accordance with employment agreement terms
- Review of new acquisition employment agreements for tracking unit leader and producer bonuses
- Prepare statements and communications for acquisition bonuses in accordance with asset purchase agreement terms
- Review of new acquisition asset purchase agreements for tracking acquisition bonuses
- Setup of employee profiles in agency management systems with default commission rates in accordance with employment agreements
- Preparation of monthly journal entries related to accrued bonuses and bonus payments
- Reconciliation of unit leader and producer bonus general ledger accounts
- Coordination with IT and agency management system specialists to ensure producers are properly coded to accounts at prior and post conversion into World agency management systems
- Provide payroll or accounts payable with payment information related to producer, unit leader, or acquisition bonuses on timely basis
- Prepare monthly producer draw reconciliations and related journal entries. Update tracking schedule for producers in draw deficit, to be presented to management.
- Ad hoc projects as assigned by management
- Maintain and update monthly schedule of all variable compensation employees and coordinate changes with payroll, HR, and other relevant departments
- Coordinate addition of new brokers in our agency management systems with operations, legal, and regulatory affairs
Requirements
What you’ll need- Bachelor's Degree preferred
- Required Minimum of 2 years' experience in accounting, insurance industry
- Prior commission payable experience preferred
- Required Proficient in accounting software and Microsoft Office Suite or related software
Benefits
Comp & perks- Equal Employment Opportunity
- Reasonable accommodations for qualified applicants with disabilities
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
accountingjournal entriesreconciliationcommission payablebonus calculationsfinancial reportingdata analysisfinancial statementsaccrual accountingasset purchase agreements
Soft Skills
communicationcoordinationorganizational skillsattention to detailtime managementproblem-solvingcollaborationadaptabilityproject managementinterpersonal skills