Senior Commissions Accountant

Responsibilities

• Performs monthly producer compensation calculation, reconciliation and payment trends, identifies, reports and resolves variances, creates commission invoices for payment, validate, distribute and reconcile payments.
• Records monthly broker expense and licensing fee journal entries.
• Analyzes and reconciles general ledger accounts and provides variance reporting to management.
• Researches and resolves complex or sensitive producer compensation inquiries.
• Functions as a team lead and provides direct support to producer management analysts and trains them on producer record and relationship management, reconciliation of the calculation of compensation, payments and reporting.
• Prepares, analyzes and reconciles state and federal reporting requirements such as: annual 1099 reconciliation, Form 5500 producer compensation reporting, CA AB 2589, DMHC reporting, etc.
• Assists with complex inquiries related to state and federal reporting requirements.
• Collaborates with producer credentialing and contracting team members, state and federal regulatory agencies, partnerships and producers to resolve outstanding commissions as it relates to all line of business.
• Serves as subject matter expert for all aspects of producer compensation and general ledger reconciliation as it relates to compensation.
• Assists with DOI and external/internal audit requests by compiling and validating information.
• Creates reports and analyzes data to identify solutions that meet business goals.
• Analyzes current processes and identifies existing or potential problems in order to discover new process improvement opportunities.

  Qualifications

  • Minimum 4 years of experience in accounting or a related field.
  • Bachelor’s degree in Business Administration with emphasis in Accounting required.
  • Insurance and/or healthcare experience is preferred.
  • Strong attention to detail and accuracy.
  • Advanced analytical, problem solving and reasoning skills with the ability to formulate and communicate recommendations for improvement.
  • Proficient in Microsoft applications such as: Excel (Intermediate to Advanced), Word, Outlook, PowerPoint, SharePoint, Teams.
  • Ability to prioritize work, follow-up on commitments on a timely basis, work under pressure and adhere to deadlines.
  • Ability to work independently while having strong teaming skills.
  • Ability to communicate professionally, clearly and effectively with producers, management, staff and other business partners.
  • Knowledge of policies, procedures and guidelines.
  • Strong knowledge and understanding of producer licensing, credentialing, appointments and compensation.
  • Strong knowledge of accounts receivable, accounts payable and general ledger processes and procedures.