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Director of Producer Commissions and Incentive Payables

Remote:

Full Remote

Contract:

Full time

Experience:

Expert & Leadership (>10 years)

Work from:

United States

Offer summary

Qualifications:

Bachelor's Degree required, Minimum of 10 years' experience in accounting, insurance industry, Excellent verbal and written communication skills, Proficient in Microsoft Excel.

Key responsabilities:

Lead the producer and administrative incentive commission process
Train and guide a team of 5 commission analysts

World Insurance Associates LLC Insurance Large https://www.worldinsurance.com/

1001 - 5000 Employees

See all jobs

Job description

Summary
World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.
Founded in 2011, World is one of fastest-growing insurance brokers in the U.S. with over 2,200 employees in over 210 offices across North America. We specialize in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.

Primary Responsibilities

Lead the producer and administrative incentive commission/compensation process
Review quarterly draw reconciliations and periodic Earnout calculations
Leverage technology for continued automation within department processes
Train and guide a team of 5 seasoned commission analysts
Oversee inquiries from all commission recipients including investigation into “missing” commissions, revised rates, shared business, etc.
Oversee sub-ledger to general ledger account/dimension reconciliations
Partner closely with producers, agency unit leaders, divisional leaders and others within the organization
Review Asset Purchase Agreements to determine optimal producer profile requirements
Review producer & broker commission reports to ensure the accuracy of rates and compliance with commission agreements
Review producers & brokers book of business after system conversion for accuracy of rates & codes
Prepare ad hoc management requests

Qualifications

Bachelor's Degree
Required Minimum of 10 years' experience in accounting, insurance industry
Excellent verbal and written communication skills
Thorough understanding of the insurance brokerage industry
Excellent supervisory and analytical skills
Excellent organizational skills and attention to detail
Ability to motivate staff
Required Proficient in Microsoft Excel
Experience in Applied EPIC, BenefitPoint, & Oracle NetSuite a plus.

Equal Employment Opportunity
At World Insurance Associates (WIA), we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

TO EXECUTIVE SEARCH FIRMS AND STAFFING AGENCIES:
World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered World’s property, and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting World’s Human Resources Talent Department.

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