Producer Commission Analyst

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

📋 Description

• Calculate, review, and process monthly and quarterly commissions, overrides, and bonuses for producers in accordance with commission agreements and company policies.

• Prepare monthly commission accruals, journal entries, and account reconciliations for the monthly, quarterly, and yearly closing processes.

• Develop and maintain commission models and reports to assist with forecasting, budgeting, strategic initiatives, and analysis of compensation plans.

• Facilitate the integration of commission processes and data for newly acquired agencies.

• Act as a primary contact for producers, account managers, and carriers regarding commission inquiries, ensuring timely resolution.

• Maintain commission schedules, rate tables, and producer splits while ensuring adherence to internal controls and audit requirements.

• Identify and execute on opportunities for automating commission processes and enhancements, including the use of AI tools for reconciliation, variance detection, and reporting.

⛳️ Requirements

• Bachelor’s degree in Finance, Accounting, or a related field.

• 2-5 years of experience in commissions, finance, accounting, or payroll, preferably within an insurance agency, brokerage, or carrier.

• Advanced proficiency in Excel (including Pivot tables, XLOOKUP, formulas, charts, etc.).

• Strong reconciliation and analytical skills with a keen attention to detail and accuracy.

• A solid understanding of insurance commission structures (new vs. renewal, direct bill vs. agency bill, splits) is highly preferred.

• Excellent written and verbal communication skills.

• Ability to thrive in a fast-paced environment and manage multiple deadlines, including month-end closing activities.

• Preferred: Proven experience utilizing AI tools (e.g., Microsoft Copilot, ChatGPT, Claude) to automate workflows, analyze data, or enhance reporting accuracy and efficiency.

• Experience with agency management systems (e.g., Applied Epic, AMS360) is a plus.

🏝️ Benefits

• Equal employment opportunity.

• Work environment free of discrimination and harassment.

• Culture of relentless grit and continuous improvement.

• Commitment to employees' well-being and authentic self-expression.