- Review daily commission activity including payment listings and error reports. Audit random records for accuracy. Research amounts that require management approval and verify their accuracy. Report results to management daily. Prepare checks and EFT payments for distribution to agencies.
- Research and respond to agency compensation related requests such as confirmation of payment dates, rates of commission, hierarchy records and stop payment requests. Coordinate corrections with Administrative Services Unit and Finance Department staff. Communicate result to agency staff. Prepare and submit for approval appropriate check requisitions and other administrative forms to ensure correct and timely payments or compensation adjustments.
- Maintain records of tax levies, social services required income withholdings, escheat accounts and other required commission monitoring. Set up payment amounts and dates according to standard, draft correspondence to impacted broker and government agency upon set up, payment and release.
- Review and verify 1099 MISC reporting records for accuracy and process corrections as needed.
- Research agency/broker debit balances, determine accuracy and develop documentation in support of the balance due. Maintain agent debt management file and record payments received, collection agency fees and legal expenses. Respond to broker inquiries and correspond with collection agency.
- Record daily task activity and maintain record tables for processing issues.
- Complete special projects and provide administrative support to other business areas as directed by management.
- Process monthly suspense report- verify if funds need to be paid to an agent and balance out report for Finance.
- Prepare correspondence, emails, letters, memos, reports.
- Review, prepare and distribute bonus reports.
- Complete special projects and provide administrative support to other business areas as directed by management.
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Accounting Commission Associate - Frederick, United States - Legal & General America
Description
At Legal & General America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we're working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.
We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.
The Commission Associate will deliver prompt, accurate and courteous service by handling verbal and written inquiries for general agencies and other LGA departments concerning Commissions.
Education
High School diploma or equivalent
Some college preferred
Experience/Knowledge
2+ administrative/customer support experience
Skills
Client service/phone handling
Ability to problem solve and analyze commission statements
Computer knowledge - ability to create, edit, retrieve, save, and print
Ability to learn new software
Knowledge of Microsoft Office (Word, Excel, PowerPoint, Outlook & Access)
What's in it for you?
The expected hiring compensation range for this position is $47,200 - $61,300 annually. This position currently requires onsite reporting for up to three days per work week with flexibility of work from home days the remaining two.
The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. This role is eligible to participate in the Legal & General America Annual Incentive Plan. The current target payment for the position is 3% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 10 vacation days and 10 sick days that are accrued on a bi-weekly basis. Employees also have 9 paid holidays throughout the calendar year.
We have a competitive compensation and benefits package focused on your overall wellbeing. Employee benefits include health, life, and dental insurance; 401K with company match up to 6% as well as a pension package; generous time off; and wellbeing initiatives throughout the year (we like doing fun stuff). We're big on professional development and we'll support and mentor you in your career progression and expect you to help us pay it forward by helping us develop tomorrow's leaders and growth-focused professionals. We value our teams and our communities and believe in giving back. Enjoy time off to volunteer for those causes that matter most to you
If hired, employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. The Company reserves the right to change benefits plans at any time.
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.
