Producer/Broker Compensation Analyst

Job not on LinkedIn

🔥 17 minutes ago

🏄 California – Remote

🏄 California – Remote

💵 $51.8k - $74k / year

⏰ Full Time

🟢 Junior

🍿 Producer

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Risk Strategies Company

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🏢 Enterprise

💸 Finance

Enterprise • Finance • Insurance

Risk Strategies Company is a comprehensive insurance brokerage and risk management firm. It offers a wide range of services including commercial insurance, employee benefits, private client insurance, and specialty risk management solutions tailored to the unique needs of businesses and individuals. With expertise across diverse industries, Risk Strategies provides innovative and customized solutions to mitigate risks and optimize coverage. Their client-centric approach ensures personalized service and dedicated support, making them a trusted partner in managing risk and developing resilience.

📋 Description

• Assist the Manager in calculating commissions, true-ups and bonuses for the producers • Track and maintain broker agreements throughout the year • Liaise between finance & accounting team and producers regarding the quick resolution of all commission issues • Maintain details of all Producer/Broker compensation arrangements • Maintain Compensation payment calendar with outside offices – ensuring all needed documents are received before deadline • Update Producer/Broker general information in systems as needed – working with operations to ensure accurate producer default rates are entered • Assist with the process of calculating and paying all Producers/Brokers accurately and timely • Assist with the calculation and correction of the House account commissions in February & August • Assist with the midyear Draw evaluation and provide the Manager results and recommendations • Regular review of data to identify errors, etc. especially for correct sales compensation reporting • Support Manager with in-depth compensation and Producer analysis requests • Liaise with other Corporate teams and departments (e.g. Corporate Accounting and Human Resources) as needed

🎯 Requirements

• Bachelor’s Degree in finance or accounting preferred • Insurance Brokerage or Insurance/Financial Services experience highly preferred • 1-3 years’ experience in finance or accounting including experience within: working with large data sets, creation of excel templates, automation skills, and strong time management skills • Proven ability to work independently, analyze data, and communicate effectively • Proficiency in Microsoft Office products including PowerPoint and Excel and Power BI • Exposure to Sales Compensation plans