Producer Commissions and Incentive Payables Manager

World Insurance Associates is a fast-growing financial services organization specializing in insurance and risk management. They are seeking a Producer Commissions and Incentive Payables Manager to oversee commission processing operations, lead a team, and enhance operational efficiency.

Responsibilities:

• Manage the daily operations of producer and broker commission processing including but not limited to:
• Preparation of statements and communications with internal sales team and external 1099 brokers
• Processing of monthly, quarterly, and annual commission payments on a timely and accurate basis
• Reconciliation of General Ledger balances with related supporting detail, such as commission statements
• Creation and maintenance of schedules to track quantity and timing of payments
• Lead, train coach, and develop the Producer & Broker Commissions Payable team
• Establish performance expectations, conduct performance evaluations, and support employee development by developing action plans to achieve success
• Allocate workload and resources to team members
• Identify opportunities to automate manual commission processes and improve operational efficiency
• Develop and maintain standard operating procedures and process documentation

Requirements:

• Bachelor's Degree in Accounting, Insurance, Business, or Related Field Required
• Required Minimum of 5 years' experience in accounting
• Required Proficiency in accounting software and Microsoft Office Suite
• Prior Insurance Industry experience preferred
• Prior Commission Payable experience preferred