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.

• Maintain documentation for broker agreements, commission directives, payment instructions, and commission configurations.

• Audit production and commission reports, investigate discrepancies, and resolve payment issues.

• Act as the primary point of contact for broker commission inquiries and disputes.

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

• Ensure that validated payments are entered into systems by established deadlines.

• Monitor agreements, amendments, terminations, and rate adjustments.

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

• Lead enhancements to systems and provide ad hoc commission and financial analysis.

• Safeguard confidential information.

⛳️ Requirements

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

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

• Understanding of broker commission structures, payment terms, audits, reconciliations, accruals, and variance analysis.

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

• Strong organizational abilities and meticulous attention to detail.

• Effective communication and teamwork skills.

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

• Proficiency in Microsoft Excel.

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

• Commitment to the core values of Patriot.

🏝️ Benefits

• Multiple medical plan options, with preventive care fully covered at 100%.

• Free virtual medical and mental healthcare available for employees and their families.

• Access to a dedicated healthcare concierge.

• Employer-funded short-term and long-term disability coverage.

• Paid parental leave.

• Personalized paid time off (PTO) without traditional accruals.

• Separate sick leave provisions.

• Competitive 401(k) company matching.

• Comprehensive dental and vision insurance.

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

• Company-paid holidays.

• Extensive health and welfare program available for family members and domestic partners.