What are the responsibilities and job description for the Field Compensation Specialist position at National Western?
Category
Administration
Description
Job Summary
Agency ensures that agents are properly contracted, licensed, and appointed to conduct business on behalf of NWL. The department ensures that agents are paid commissions and bonuses in accordance with their agent contracts and Company guidelines. The department ensures that agents are terminated in accordance with states regulations and Company guidelines and that debts due the Company from agents are collected
Essential Functions
- Review, sort, and disburse agent commission statements and commission payments by Company check or EFT
- Verify that the calculation of commissions, frequency of payments, and method of payment are as requested by the agents and as authorized by the Company.
- Create, update, and maintain accurate agent records
- Process all aspects of LBR applications by coding them into policy system and preparing and delivering policy endorsements and cover letters to the policy owners.
- Process journal entries based on requests received from agents or from other departments to charge or credit agent commission accounts for various expenditures.
- Communicate with agents in English and / or Foreign Language and serve as Foreign Language interpreter for the department.
- Review and reissue, when necessary, lost or stale-dated commission checks.
- Review and process requests for commission payment via EFT and ensure compliance with Federal Reserve ACH regulations, update and / or correct agents' EFT records.
- Prepare and disseminate agents' group insurance enrollment packets and related correspondence
- Review, sort, and distribute monthly agent reports to agents and other NWL departments.
- Research problems / questions with commission payments for domestic and international agents
Knowledge, Skills & Abilities
Education & Experience
Licenses & Certifications
Supervision & Leadership
Work Environment
Statement of Other Duties Provison
Position Requirements
Full-Time / Part-Time
Full-Time
Compensation Range
Position
Sr. Field Compensation Specialist
Exempt / Non-Exempt
Non-Exempt
About the Organization
National Western Life provides high quality insurance products on a global basis to meet the financial security needs of well-defined market segments. We provide professional and friendly service to our policyholders and agents and are responsive to the needs of our employees, shareholders and the community.
EOE Statement
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.
This position is currently accepting applications.