What are the responsibilities and job description for the Commissions/Payroll Analyst position at Nassau Financial Group?
Job Summary
As a Commissions Team Analyst, you will be handling the end-to-end producer’s compensation payment process. In this role you will balance, process, and reconcile daily files to ensure timely and accurate commissions are sent to producers. You will be performing quality checks to ensure process runs smoothly. You will field inbound phone inquiries regarding commissions and payments details and process routine and complex transactions pertaining to producer/IMO commissions. Conduct 1099 & W2 tax form and file reviews & collaborate with other areas to ensure timely and accurate tax forms/files. This role will provide you the opportunity to work for a company known for its “best in class” service. You will be a part of an extremely knowledgeable team dedicated to providing producers and IMOs with a seamless commission payment experience. As a Commissions Team Analyst, you will be handling the end-to-end producer’s compensation payment process. "The role will have a significant focus on a collections type function, with a focus on recovering previously paid commissions from our producers."
Principal Duties And Responsibilities
Nassau maintains a holistic compensation philosophy focused on competitive base salaries, performance driven incentives, and unique professional development opportunities. The combination of compensation, benefits, and an entrepreneurial culture along with related experiences is key to recruiting and retaining talent. Our compensation system is designed to reward performance, support development and job growth, and compensate individuals relative to their contribution to our organization. The base salary for this position falls within Nassau’s salary band D: $55,000-$105,000 depending upon experience
Visit our Careers page and apply online at http://www.nfg.com/.
Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau was founded in 2015 and has grown to $1.7 billion in total adjusted capital, $24.8 billion in assets under management, and 370,000 policies and contracts as of December 31, 2024.
As part of a young and growing financial services enterprise, our employees are tapping into a new entrepreneurial spirit while they build on a long track record of putting customers first, understanding the evolving income and protection needs, and developing quality products to meet those needs.
Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
As a Commissions Team Analyst, you will be handling the end-to-end producer’s compensation payment process. In this role you will balance, process, and reconcile daily files to ensure timely and accurate commissions are sent to producers. You will be performing quality checks to ensure process runs smoothly. You will field inbound phone inquiries regarding commissions and payments details and process routine and complex transactions pertaining to producer/IMO commissions. Conduct 1099 & W2 tax form and file reviews & collaborate with other areas to ensure timely and accurate tax forms/files. This role will provide you the opportunity to work for a company known for its “best in class” service. You will be a part of an extremely knowledgeable team dedicated to providing producers and IMOs with a seamless commission payment experience. As a Commissions Team Analyst, you will be handling the end-to-end producer’s compensation payment process. "The role will have a significant focus on a collections type function, with a focus on recovering previously paid commissions from our producers."
Principal Duties And Responsibilities
- Communicate through e-mail and by phone with producers to recover commissions, establish payment plans, engage collection agencies, etc.
- Responsible for processing and/or processing financial and administrative transactions in support of producer and IMO compensation.
- Develop, document, implement and manage financial control procedures
- Provide timely, friendly, and accurate customer service. Field phone calls and manage call work/ research regarding compensation and payroll.
- Collaborate/manage relationship with third party vendor, in support of commission payment process
- Perform account balancing & reconciliation
- Clearing and documentation of outstanding suspense items
- Review Tax forms and files to ensure accuracy in reporting
- Respond to tax inquires and research
- Organize tasks and prioritize items based on level of importance
- Work in a team environment
- Perform miscellaneous duties as required by management
- Perform other duties as assigned
- Experience in collections/recovery type work preferred but not necessary
- Skill and ability to grasp and learn new concepts and technologies
- Organized and Detailed-Oriented
- Analytical Thinking
- Strong communication skills
- Account reconciliation experience a plus
- Works well in a Team environment
- Is reliable and maintains strong attendance
- Can quickly adapt in a changing environment & knows how to prioritize.
- Flexibility required to positively support the implementation of change
- Has some technical experience & can navigate web-based programs effectively
- Applicant should have a Bachelor of Science degree in Accounting, Business Administration, Business Management, or related field. College degree may be substituted with the appropriate combination of education and experience
- Basic problem-solving skills
- Proficient PC skills, emphasis on MS and MS Excel as well as be able to use a 10 key calculator
- Basic accounting skills (credits/debits)
- Data entry accuracy
Nassau maintains a holistic compensation philosophy focused on competitive base salaries, performance driven incentives, and unique professional development opportunities. The combination of compensation, benefits, and an entrepreneurial culture along with related experiences is key to recruiting and retaining talent. Our compensation system is designed to reward performance, support development and job growth, and compensate individuals relative to their contribution to our organization. The base salary for this position falls within Nassau’s salary band D: $55,000-$105,000 depending upon experience
Visit our Careers page and apply online at http://www.nfg.com/.
Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with a fully integrated platform across insurance and asset management. Nassau was founded in 2015 and has grown to $1.7 billion in total adjusted capital, $24.8 billion in assets under management, and 370,000 policies and contracts as of December 31, 2024.
As part of a young and growing financial services enterprise, our employees are tapping into a new entrepreneurial spirit while they build on a long track record of putting customers first, understanding the evolving income and protection needs, and developing quality products to meet those needs.
Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Salary : $55,000 - $105,000
