Direct Bill Commissions Specialist

About the role

The Direct Bill Commissions Specialist will process commission statements, post In-House and Outsourced Direct Bill Commissions, manage revenue tracking and calculation logs, handle exception research and resolution, and participate in month-end closing. The role also involves providing accounting support to financial accounting areas.

Responsibilities

• Processes benefits, personal, and/or commercial lines direct bill commissions.
• Searcs customer and policy numbers and enters premiums and commissions received from insurance carriers.
• Posts may be done via manual posting, commission download from the carrier, or through statement conversion.
• Processes return commission statements, requiring research to ensure funds have not already been paid to carriers, creation of Direct Bill (DB) entry, and a check request for payments to carriers when necessary.
• Processes all journal voucher entries needed to clear the Direct Bill Receivables GL account including intercompany, re-classing, MVR Fees, off-platform commissions, etc.
• Maintains the Monthly Revenue Log including calculation columns, Carrier Website Login spreadsheet, Last Pass Password Management Tool, and DB commission statement folders.
• Communicates with carriers by email or by phone to obtain missing commission statements.
• Establishes or ensures a working login(s) for each company website to pull commission statements.
• Processes statements received by email or mail, ensuring all payments received during the month have corresponding statements received and are posted by month end.
• Communicates with carriers and/or company personnel by email or by phone to resolve discrepancies and exceptions and to verify policy and commission information.
• Reconciles Direct Bill General Ledger to the Direct Bill Revenue Log for month end closing, clears any outstanding items, and completes the month end closing checklist.
• Resolves Direct Bill posting issues with outsourcing company and returns to them in a timely manner.
• Primary contact for acquisitions following the data merge.
• May complete special projects and other duties as assigned.

Requirements

• A high school diploma or equivalent.
• A bachelor's degree in Accounting, Finance, Economics, Business, or Statistics preferred.
• Two years of finance and accounting experience preferred.
• Working knowledge of Microsoft applications especially Word and Excel.
• Basic knowledge of accounting rules, regulations, policies, and procedures that is reflective of the financial service industry.
• Strong interpersonal skills; strong oral and written communication.
• Strong problem-solving, relationship management, and critical thinking skills and the ability to prioritize multiple projects, meetings, and deadlines.
• Willingness to assist internal and external customers with any concerns.
• Ability to work independently and on a team.

Qualifications

• High School Diploma or equivalent.
• BA in Accounting, Finance, Economics, Business or Statistics preferred.
• 2 years finance and accounting experience preferred.
• Working knowledge of Microsoft applications especially Word and Excel.
• Basic knowledge of accounting rules, regulations, policies, and procedures that is reflective of the financial service industry.
• Strong interpersonal skills; strong oral and written communication.
• Strong problem-solving, relationship management, and critical thinking skills and the ability to prioritize multiple projects, meetings, and deadlines.
• Willingness to assist internal and external customers with any concerns.
• Ability to work independently and on a team.

Skills

• Microsoft applications especially Word and Excel.
• Accounting rules, regulations, policies, and procedures.
• Interpersonal skills.
• Problem-solving and critical thinking skills.
• Relationship management.
• Independent and team work abilities.

Benefits

• Competitive pay.
• A safe and healthy work environment provided by our robust benefit program including family health and wellness programs, 401K, employee assistance programs, paid time off, paid holidays, and more.
• Career advancement and development opportunities.

Pay

$19.23 - $32.69

Schedule

N/A