Direct Bill Commissions Specialist

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

📋 Description

• Retrieve commission statements.

• Post both In-House and Outsourced Direct Bill Commissions.

• Maintain daily logs for Revenue Tracking and Calculation.

• Conduct research and resolve exceptions.

• Engage in month-end closing activities.

• Offer accounting support to financial accounting sectors.

• Process benefits, personal, and/or commercial lines direct bill commissions.

• Search for customer and policy numbers, and input premiums and commissions received from insurance carriers.

• Posting may occur through manual entry, commission downloads from carriers, or statement conversions.

• Handle Return Commission statements, ensuring funds have not been previously paid to carriers.

• Create Direct Bill (DB) entries and initiate check requests for carrier payments as needed.

• Process all necessary journal voucher entries to clear the Direct Bill Receivables GL account, including intercompany, re-classing, MVR Fees, and off-platform commissions.

• Oversee the direct bill receivables report to maintain an ending balance as close to zero as possible.

• Keep the Monthly Revenue Log updated, including calculations, Carrier Website Login spreadsheets, Last Pass Password Management Tool, and DB commission statement folders.

• Communicate with carriers via email or phone to secure missing commission statements.

• Ensure or establish functional login(s) for each company website to retrieve commission statements.

• Process statements received through email or mail.

• Verify that all payments received during the month have corresponding statements that are posted by month end.

• Resolve discrepancies and exceptions by communicating with carriers and/or company personnel via email or phone, confirming policy and commission details.

• Reconcile the Direct Bill General Ledger with the Direct Bill Revenue Log for month-end closing, clearing any outstanding items, and completing the month-end closing checklist.

• Investigate and resolve Direct Bill posting issues with the outsourcing company and return them promptly.

• Serve as the primary contact for acquisitions following the data merge.

• May undertake special projects and additional duties as assigned.

⛳️ Requirements

• High School Diploma or equivalent is required.

• A Bachelor's degree in Accounting, Finance, Economics, Business, or Statistics is preferred.

• Prior finance and accounting experience of 2 years is preferred.

• Proficiency in Microsoft applications, particularly Word and Excel, is necessary.

• Familiarity with website navigation, especially banking and insurance websites, is essential.

• Basic understanding of accounting rules, regulations, policies, and procedures relevant to the financial services industry is expected.

• Strong interpersonal skills with excellent oral and written communication abilities.

• Capable of problem-solving, relationship management, critical thinking, and prioritizing multiple projects, meetings, and deadlines.

• Willing to assist both internal and external customers with concerns.

• Ability to work independently as well as collaboratively within a team environment.

🏝️ Benefits

• Competitive salary.

• A safe and healthy work environment supported by a comprehensive benefit program, including family health and wellness initiatives.

• 401K plan.

• Employee assistance programs.

• Paid time off.

• Paid holidays.