What are the responsibilities and job description for the Commissions Specialist position at LARSON FINANCIAL HOLDINGS, LLC?
Description
Larson Financial is seeking a temporary, fulltime Commissions Specialist who will be able to provide support to the commission process in performing its core duties. This includes, but is not limited to, maintaining accurate policy data, maintaining accurate customer data, entering commission statement data into the database for accurate and timely processing, reconciliation of inbound and outbound commission payments, researching and responding to advisor inquiries, and other ad hoc financial and IT related projects.
Commissions specialists calculate sales performance and monthly totals and are also responsible for communicating this information to the sales and leadership teams. Problem-solving and decision-making skills are critical for success in this position.
Job Responsibilities
- Become proficient in multiple commission management systems utilized by the company including entering commission data, updating status of existing policies and reviewing reports
- Communicate with internal and external contacts to research and verify status of existing insurance policies, financial accounts and other products offered by Larson.
- Maintain the database, which requires keen attention to detail to ensure accuracy and efficiency
- Assist in other ad hoc data clean-up and mapping projects
- Utilize Microsoft Excel (and other tools as necessary) to prepare and analyze reports of delinquent commission payments for submission to insurance carrier.
- Other assignments and responsibilities as necessary
Requirements
Job Tasks
- Process commissions payments using a combination of Excel, QuickBooks (soon to be NetSuite) and Terrapin/Pandia (3rd party commission calculation system)
- Calculate commissions payments to the Advisors twice a month (15th and 30th).
- Analyze and present on sales performance results.
- Maintain the sales organizational hierarchy, and make any necessary changes due to tier levels, hires, terminations, or split sales.
- Help maintain Salesforce data integrity, monitoring for errors and resolving them when found.
Position Qualifications/Requirements
- College degree, preferably in Finance or Accounting.
- Proficient in MS Office
- ERP or accounting systems experience in QuickBooks
- Strong attention to detail
- Ability to prioritize and manage time in a fast-paced environment
- Strong communication skills, both written & verbal
- Desire to continuously learn, take on a wide range of tasks and grow with our company
