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    Compensation Analyst - Phoenix, United States - NFP

    NFP
    NFP Phoenix, United States

    2 weeks ago

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    Description
    Compensation Analyst

    We have an immediate need for an individual who will manage the firms' commissions.


    Purpose of the Position:
    To execute and facilitate the tracking of commission and new sales.

    This individual will be responsible for documenting all incoming commission and outgoing commission payables for the Controller to process as a check and balance.

    This person will work closely with the Director of Client Services.


    Essential Functions:
    Prepare deposits for the Controller to allocate in OPRA
    Record all deposits in the check log
    Project commission for all of Jim's cases
    Prepare Jim's new sales figures each month to count toward his management fee
    Reconcile all commission receipts and follow up with carriers if there are any issues
    Stay on top of commission rates and chargeback schedules
    Project chargeback figures as needed
    Project commission for outside agents included on a case with Jim (often times at different rates)
    Prepare large case commission and chargeback projection charts for all agents on a case
    Track service agreement admin fees and work with Controller to ensure payment into and out of reserve accounts
    Track renewals on large cases
    Prepare flooring projection analysis each year during the budget process.
    Track and confirm Partners Bonus Payments


    Knowledge Base:
    Knowledge of Marketing procedures
    Knowledge of insurance processing procedures
    Knowledge of how Underwriting work
    Knowledge of how Non-Qualified plans work
    Computer and office equipment experience, Word Processing, Excel, Database Entry
    Excel Spreadsheet development
    Attention to detail and accuracy of work are imperative
    Must be dependable and flexible in changing priorities with the ability to handle multiple tasks
    Excellent interpersonal and communication skills (oral and written) Compose correspondence (letters, memos, reports etc.) and proofread.
    Good communications skills with ability to speak to staff and advisors clearly and distinctly with emphasis on correct pronunciation
    Ability to apply commonsense, understanding and carry out detailed but uninvolved written or oral instructions

    Work Experience:

    5+ years of experience in handling life insurance commissions
    Ideally, the experience should be in underwriting and administration of policies, along with strong knowledge of life insurance procedures.

    #J-18808-Ljbffr
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