• Analyst, Producer Commission & Incentive Payables

    World Insurance Associates, LLC. (Iselin, NJ)


    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 top 25 insurance brokers in the U.S. We specialize in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.

    Primary Responsibilities

    + Review producer and administrative commission as reported by our agency management system and other agencies when not fully integrated.

    + Monthly admin/brokers/others - Run reports, review accuracy/ appropriate to ensure the rates and calculations are in line with Company standards and/or agreed upon amounts

    + Draw reconciliations including:

    +  Generating reports;

    +  reviewing accuracy of rates and calculations per Company standards/employment agreements

    + reconciling to GL balances

    + Provide reviewed amounts to payroll/accounts payable for payment

    + Prepare analysis as requested by management

    + Prepare/distribute final commission statements on monthly basis

    + Preparation includes confirming accuracy of commission rates per Admin Comp policy, broker agreements, offer letters or employment agreements

    + Provide payroll (or A/P) with payment information on timely basis (

    + Field inquiries from all commission recipients including investigation into commissions, revised rates, shared business, etc.

    + Prepare journal entries as needed

    + Review producer & broker commission reports to ensure the accuracy of rates and compliance with commission

    + Update employee profiles to reflect compensation agreements

    Qualifications

    + Bachelor's Degree preferred

    + Required Minimum of  2 years' experience in accounting, insurance industry

    + Computer/Software Skills

    + Required Proficient in accounting software and Microsoft Office Suite or related software

    + Essential Skills/Competencies

    + Excellent verbal and written communication skills

    + Excellent organizational skills and attention to detail

    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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