Sales Compensation Accountant

🕒 May 21

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Patriot Growth Insurance Services, LLC

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 2019

🛡️ Insurance

💸 Finance

🤝 B2B

💰 Debt Financing on 2022-08

Insurance • Finance • B2B

Patriot Growth Insurance Services, LLC is a leading provider of risk management and insurance solutions that focuses on promoting business growth and safeguarding personal goals. With a commitment to delivering unparalleled service, they empower local brokers to offer comprehensive insurance options tailored to meet the diverse needs of businesses and individuals. By leveraging an expansive network of national carrier partners, they specialize in property & casualty and employee benefits, ensuring their clients receive the protection and support necessary to confidently pursue their goals.

📋 Description

• Calculate, process, and reconcile monthly and quarterly sales commission settle-ups and incentive compensation payments in accordance with approved compensation plans and agreements. • Perform annual draw calculations based on supporting book of business data and collaborate with Sales Leadership and Regional Leadership to finalize and update draw calculations within payroll systems accordingly. • Coordinate with Agency Management System and Accounting teams to maintain and update commission agreements, commission structures, and related system settings. • Collaborate with Sales Operations and Human Resources to ensure accurate interpretation, implementation, and administration of compensation plans and commission structures. • Review and audit production reports, commission calculations, and compensation data regularly to identify discrepancies, investigate issues, and resolve variances with appropriate stakeholders. • Prepare journal entries, account reconciliations, accruals, and supporting reports related to commission expense and incentive compensation programs. • Submit monthly commission payment calculations and settle-up requests to Human Resources to support timely payroll processing. • Support monthly close processes by ensuring accurate commission liability accruals and supporting documentation. • Maintain organized and accurate records related to commission schedules, compensation plans, calculations, and accounting documentation. • Ensure compliance with internal controls, company policies, compensation agreements, and audit requirements. • Assist with testing, implementation, and rollout of system enhancements, reporting improvements, and compensation plan updates. • Provide ad hoc financial analysis, compensation reporting, and operational support for business and leadership needs. • Collaborate cross-functionally to identify process improvements and support operational efficiency within compensation administration and reporting workflows.

🎯 Requirements

• Bachelors degree in Accounting, Finance, Business Administration, or a related field required. • 3-5 years of experience in accounting, financial analysis, compensation accounting, or related finance functions, preferably within the insurance brokerage industry. • Experience working with commission calculations, incentive compensation programs, or payroll-related accounting processes preferred. • Strong analytical, problem-solving, and attention-to-detail skills. • Advanced proficiency in Microsoft Excel, including pivot tables, formulas, filtering, and manipulation of large data sets. • Working knowledge of accounting systems and insurance agency management systems, preferably Business Central, Epic, and BenefitPoint. • Excellent written and verbal communication skills with the ability to collaborate effectively across departments and leadership levels. • Strong organizational skills with the ability to manage multiple priorities, meet deadlines, and maintain accuracy in a fast-paced environment. • High level of professionalism, discretion, and ability to maintain confidentiality with sensitive employee and compensation information. • Collaborative mindset with strong relationship-building and interpersonal skills.

🏖️ Benefits

• Medical, Dental, and Vision Benefits • Flexible Spending Account (FSA) and Health Savings Account (HSA) and Commuter Transit Programs • Company paid Short-Term Disability, Long-Term Disability and Group Term Life • Company paid Employee Assistance Program • Paid Parental Leave • Paid holidays • Personalized PTO • 401(k) with employer match