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Commissions Processing Specialist

Agility Insurance Services is a premier Field Marketing Organization (FMO) specializing in Medicare, life, and health insurance products. Our focus on innovation, support, and resource provision has made us a trusted partner for independent agents and agencies nationwide. As we continue to grow, we strive to cultivate a collaborative environment that empowers our teams to deliver exceptional value to our partners.

The Commissions Processing Specialist plays a critical role in ensuring accurate and timely processing of commission payments. In this role, you will be responsible for managing override agreements with agency partners, collecting and reconciling commission data from multiple carriers, running calculations with Agility's proprietary systems, coordinating with the contracting team, and posting final commissions. Additionally, you will partner closely with the Accounting Department to support financial reporting and maintain regulatory compliance.

Role Responsibilities

Override Agreements Management

• Serve as the primary point of contact for agency partners regarding override agreements.
• Develop, review, distribute, execute, and manage the lifecycle of override agreements, ensuring that all contractual terms are accurately reflected in commission processes.
• Coordinate with the legal team to review and amend agreements as necessary, ensuring that any changes meet both regulatory requirements and company policies.
• Monitor compliance with override terms and collaborate with internal teams to resolve discrepancies, ensuring that all agreements remain up-to-date and properly documented.

Commission Data Collection

• Gather commissions, bonuses, and override reports from carriers and internal systems.
• Verify the completeness and accuracy of incoming commission data.
• Organize data in a clear, consistent format for downstream processing.

Calculations & Reconciliation

• Perform accurate commission, bonus, and override calculations using predefined formulas and rate structures.
• Identify and resolve discrepancies or inconsistencies in commission amounts.
• Reconcile differences in reported sales figures and commission payments with the Contracting and Accounting teams.

Coordination with Contracting

• Collaborate closely with the Contracting team to ensure agent/agency appointments and contracts are up to date.
• Verify commission schedules and structures are in alignment with contractual agreements.
• Provide status updates and assist with any special commission arrangements or adjustments.

Posting & Reporting

• Input finalized commission data into appropriate systems, ensuring timely posting and accurate reporting.
• Maintain comprehensive records of commission payouts, including supporting documentation.
• Generate regular and ad-hoc commission reports for internal stakeholders, highlighting trends and variances.

Collaboration with Accounting

• Work in partnership with the Accounting Department to ensure seamless financial integration and month-end close processes.
• Support audits and financial reviews by supplying accurate commission data and reconciliations.
• Identify opportunities to streamline processes, improve accuracy, and enhance internal controls.

Qualifications & Requirements

Education & Experience

2+ years of experience in commission processing, accounting, or financial reporting (insurance industry or FMO experience preferred).

Technical Skills:

• Proficiency in Microsoft Excel (e.g., pivot tables, VLOOKUP, formulas) and experience with accounting or commission tracking software.
• Familiarity with insurance commission structures, including bonuses and overrides, is a plus.
• Strong analytical and problem-solving skills with excellent attention to detail.

Soft Skills & Competencies

• Effective communication skills for coordinating with cross-functional teams (Contracting, Accounting, Sales).
• Ability to work independently in a fast-paced environment, handling multiple priorities with precision.
• High degree of integrity and professionalism in managing sensitive financial data.

Compensation and Benefits:

• Base Annual Salary: $50,000 - $70,000 based on prior experience with potential for performance-based incentives.
• Comprehensive benefits package (medical, dental, vision, 401(k), etc.).
• Paid Time Off
• Opportunities for ongoing professional development and career growth.
• A supportive work environment that values teamwork, innovation, and continuous improvement.
• The opportunity to make a meaningful impact by helping streamline and optimize a vital function within a leading FMO.