Risk Strategies is a top national specialty insurance brokerage and risk management firm assisting organizations and individuals to simplify the process of protecting assets, offering benefits and minimizing liability. With a national footprint of over 150 offices and approximately 4000 employees across the US amp; Canada, we were ranked the 9th Largest Privately Owned Broker in the US last year. Since 2018, we thrive on our passion to be ranked a Best Places to Work by our most important asset, our employees.
As the Producer Compensation Analyst, you will primarily be responsible of assisting the Manager Producer/Broker Compensation in calculating commissions, true-ups and bonuses for the producers. You will also be responsible to track and maintain broker agreements throughout the year. You will be the liaison between the finance amp; accounting team and producers regarding the quick resolution of all commission issues and escalate as necessary.
Primary Responsibilities and Duties:
- Maintain details of all Producer/Broker compensation arrangements
- Maintain Compensation payment calendar spanning multiple source systems monthly, quarterly, bi-annually or annually
- Update Employee general information in systems as needed working with operations to ensure accurate producer default rates are entered.
- Assist with the process of calculating and paying all Employees accurately and timely including calculating individual true-ups and bonuses for those in accordance with employee agreements
- Regular review of data to identify errors, etc. especially for correct sales compensation reporting
- Liaise budget estimates with other Corporate teams and departments (e.g. Corporate Accounting and Human Resources) as needed
- Assist with the midyear Draw evaluation and provide the Manager results and recommendations
- Support Manager with in-depth compensation and Producer analysis requests
- Support Annual Merit amp; Bonus cycle process
Requirements
- Bachelor’s Degree in finance or accounting preferred
- 1-3 years’ experience in finance or accounting including experience within: working with large data sets, creation of excel templates, automation skills, and strong time management skills
- Proven ability to work independently, analyze data, and communicate effectively
- Proficiency in Microsoft Office products including PowerPoint and Excel and Power BI
- Exposure to Sales Compensation plans