Broker Payable Commission Analyst

This is a fully remote position, open to applicants in United States.

📋 Description

• Calculate, process, and reconcile monthly payments for broker commissions.

• Manage broker agreements, commission documentation, payment directives, and commission configurations.

• Conduct audits of production and commission reports, investigate discrepancies, and resolve payment issues.

• Act as the main point of contact for inquiries and disputes related to broker commissions.

• Prepare payment files, commission statements, reconciliations, commission expense reports, accrual documentation, and support for journal entries.

• Ensure that validated payments are recorded in systems by specified deadlines.

• Monitor agreements, amendments, terminations, and changes in rates.

• Collaborate with brokers, regional and agency teams, as well as Finance and Accounting departments.

• Lead enhancements to systems and provide ad hoc analysis related to commissions and finances.

• Safeguard confidential information.

⛳️ Requirements

• 3–5 years of experience in commission administration, accounting, broker compensation, or a similar field.

• Bachelor's degree in Accounting, Finance, Business Administration, or a related discipline, or equivalent experience.

• Familiarity with broker commission structures, payment terms, audits, reconciliations, accruals, and variance analysis.

• Capability to interpret agreements and apply commission rates, effective dates, and payment timelines.

• Excellent organizational skills and meticulous attention to detail.

• Strong communication and collaboration abilities.

• Proficiency in accounting systems and Agency Management Systems like Business Central, Epic, and BenefitPoint.

• Advanced skills in Microsoft Excel.

• Ability to manage confidential information related to brokers, banking, clients, and the company.

• Dedication to upholding Patriot's core values.

🏝️ Benefits

• A variety of medical plan choices, with preventive care fully covered.

• Complimentary virtual medical and mental health services for employees and their families.

• Access to a dedicated healthcare concierge.

• Employer-sponsored short-term and long-term disability insurance.

• Paid parental leave.

• Personalized PTO without the constraints of traditional accruals.

• Separate sick leave benefits.

• Competitive 401(k) matching from the company.

• Extensive dental and vision coverage.

• Employee Assistance Program offering confidential support for mental health, legal, financial, and work-life balance.

• Paid holidays provided by the company.

• Comprehensive health and welfare programs available for family members and domestic partners.