What are the responsibilities and job description for the Commission Analyst position at INDEPENDENT ADMINISTRATIVE SERVICES, LLC?
Our Company
Explore how you can contribute at AmeriLife.
For over 50 years, AmeriLife has been a leader in the development, marketing and distribution of annuity, life and health insurance solutions for those planning for and living in retirement.
Associates get satisfaction from knowing they provide agents, marketers and carrier partners the support needed to succeed in a rapidly evolving industry.
Job Summary
AmeriLife is in the midst of an exciting and significant transformation of its operational infrastructure to better serve the evolving needs of its stakeholders across the country. As such, we’re looking for a Commissions Analyst to help us continue pushing our ambitious roadmap forward.The Commissions Analyst is a key contributor to ensuring the timeliness and accuracy of agent and marketer commissions for the organization. This person must be well organized, show analytical prowess and demonstrate a strong desire for accuracy. The Commissions team is responsible for ensuring that all commissions payable to our supported affiliates, marketers and agents are done accurately, timely and as directed by our carrier and affiliate contractual arrangements.
Job Description
Essential Duties and Responsibilities:
- Calculate and forecast agent commission expense for weekly payment process for multiple carriers partners
- Review data entries, validate calculations and confirm outputs with high attention to detail in order to ensure accuracy, identify discrepancies, and perform corrections and revisions as needed
- Research and resolve agent, affiliate and marketer commission related inquiries within 24 to 48 hours
- Ensure all agent, agency and carrier payment levels are correct in the system by cross referencing control sheets
- Build and maintain Excel reports using commission processing system data as requested
- Monitor and maintain individual agent balance reporting, ensuring obligations are completed appropriately across all carriers
- Download and maintain third-party files to populate commission file, reformatting as needed
- Assist with all audits as requested
- Perform other duties as assigned
Qualifications
Minimum Job Requirements
- Bachelor’s Degree (desired, but not required) or equivalent related experience
- Advanced Excel knowledge (Mandatory)
Knowledge, Skills, and Abilities
- Excellent analytical and problem-solving skills
- Keen attention to detail
- Ability to work independently and effectively with finance colleagues, marketers and agents
- Insurance industry experience or related agency experience (Desired, but not required)
- Proficient in the use of computer and programs
- Maintain confidentiality and protect PII
- Strong organizational, prioritization, multi-tasking and time management skills in fast paced environment
- Interact professionally with brokers, carriers and other employees
- Excellent verbal and written communication skills
- Desire to continuously learn and identify process improvement opportunities
