Producer Compensation Analyst

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

📋 Description

• Execution of the monthly compensation workflow.

• Accurately implement monthly compensation workflow procedures for producer and broker compensation within designated timelines.

• Create and disseminate compensation statements utilizing standardized templates and analytical tools.

• Ensure the accuracy of payment amounts and adjustments prior to submission to payroll and accounts payable.

• Record accounting entries with appropriate debit and credit treatment across relevant systems.

• Collaborate with payroll and accounts payable to assist with producer and broker setup and documentation needs.

• Reporting and Data Analysis

• Develop complex compensation calculations and analytical reports by independently researching and interpreting data from various systems, transforming findings into a coherent narrative for management.

• Conduct ad-hoc reporting and analysis concerning a producer’s book of business as required.

• Examine anomalies, clarify variances, and present findings in a clear manner.

• Data Integrity and System Validation

• Comprehend the creation, coding, and processing of policy invoices in the agency management system to identify billing and coding issues affecting compensation.

• Read and interpret producer employment agreements to ascertain correct compensation treatment and perform necessary calculations.

• Reconcile and address discrepancies between contract terms, system records, and compensation outputs by tracing issues to their root causes.

• Collaborate with account managers and operations teams to coordinate updates to producer coding, rates, splits, and profile setup in the AMS.

• Document key decisions, adjustments, and outcomes with comprehensive, audit-ready support.

• Producer Support & Issue Resolution

• Act as the main point of contact for producers regarding questions related to compensation statements, payments, coding, and related inquiries.

• Investigate and resolve inquiries by navigating various systems and datasets; communicate outcomes clearly and professionally to producers, finance teams, and business leaders.

⛳️ Requirements

• 2–4 years of experience in accounting, compensation, financial operations, or a related field.

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

• Practical experience with agency management or invoicing systems.

• Advanced proficiency in Excel, including lookup functions, conditional aggregation, nested formulas, and familiarity with Power Query.

• Solid understanding of accounting fundamentals adequate for preparing and recording journal entries accurately.

• Ability to independently integrate data from various sources, apply sound judgment, and present findings in a clear narrative for management.

• Comfort in working with large, messy, and imperfect datasets across multiple systems.

• Strong written and verbal communication skills.

🏝️ Benefits

• Generous Paid Time Off.

• Managed PTO for salaried/exempt employees (personal time off without accruals or caps); 22 PTO days for hourly/non-exempt employees starting out; 12 company-observed paid holidays; 4 early-close days.

• Ample leave time options: Paid parental leave, pregnancy disability and bonding leave, and organ donor/bone marrow donor leave.

• Attractive employee referral bonus program of $1,500 for each hired referral.

• Employee recognition programs that celebrate the demonstration of EPIC’s values, along with additional recognition awards and programs (including trips!).

• Employee Resource Groups: Women’s Coalition, EPIC Veterans Group.

• Opportunities for professional growth and development: Mentorship Program, Tuition Reimbursement Program, Leadership Development.

• Unique benefits including Pet Insurance, Identity Theft & Fraud Protection Coverage, Legal Planning, Family Planning, and Menopause & Midlife Support.

• Additional benefits encompass (but are not limited to): 401(k) matching, medical insurance, dental insurance, vision insurance, and wellness & employee assistance programs.

• 50/50 Work Culture: EPIC promotes a balanced culture between producers and the rest of the business, fostering collaboration, teamwork, and an inclusive work environment. Both production and service are essential to being EPIC!

• EPIC Gives Back – Some of our charitable initiatives include Donation Connection, Employee Assistance Fund, and People First Foundation.

• We rank among the top 10 property/casualty agencies according to “Insurance Journal.”