What are the responsibilities and job description for the Commissions Analyst position at Careers?
Who We Are
NFP, an Aon Company, is a multi-year Best Places to Work award winner in Business Insurance who has also earned the 5-Star Diversity, Equity and Inclusion (DEI) award from Insurance Business magazine and the WORK180 employer endorsement. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.
Summary: The Commissions Analyst provides support to the commissions process in performing its core duties. This includes, but is not limited to, maintaining accurate policy data, entering commission statement data into the database for accurate and timely processing, reconciliation of inbound and outbound commissions payments, researching and responding to producer inquiries, and other ad hoc financial and IT related projects.
Essential Duties and Responsibilities:
- Commissions statement retrieval from carrier and broker dealer on-line portals
- Analyze, allocate, and accurately account for policy level commissions received from carriers into accounting software
- Monthly variance analysis for commissions received against projected commissions
- Calculate and book monthly commission accruals
- Support month-end close processes, which include confirming commission statements are processed accurately and on-time
- Maintain projected commissions and commissions received in CRM for sales funnel
- Assist in annual 1099 reporting from carriers for internal producers
- Complete database update projects with attention to detail ensuring accuracy and efficiency.
- Upload life insurance commission activity and maintain database in CRM
- Maintain internal documentation on current commission rates from carriers
- Develop sales reports, monthly statements and other ad-hoc reports
- Respond to inquiries from internal and external sources, and resolve disputes
Knowledge, Skills, and/or Abilities:
- Proficient in Excel
- Attention to detail
- Ability to prioritize and manage time in a fast-paced environment
- Desire to continuously learn, take on a wide range of tasks and grow with our company
Education and/or Experience:
- Bachelor’s Degree
- Strong attention to detail
- Willingness and ability to contribute to inter-departmental projects
What We Offer
We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others.
The base salary range for this position is $83,000 to $98,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
NFP and You... Better together!
NFP is an inclusive Equal Employment Opportunity employer.
Salary : $83,000 - $98,000
