Direct Bill Commissions Specialist

Overview

A leading insurance services organization is seeking a Direct Bill Commissions Specialist to manage commission statements, post direct bill commissions, complete revenue tracking, resolve exceptions, and support month-end closing and financial accounting activities.

Responsibilities

• Process benefits, personal, and commercial lines direct bill commissions by retrieving customer and policy information and entering premiums and commissions received from insurance carriers.
• Post commissions via manual entry, carrier downloads, or statement conversion.
• Process return commission statements, including research to confirm payments and creation of direct bill entries and check requests when necessary.
• Prepare journal voucher entries to clear the Direct Bill Receivables General Ledger account, including intercompany transactions, reclassifications, MVR fees, and off-platform commissions.
• Manage the direct bill receivables report to maintain an ending balance close to zero.
• Maintain the Monthly Revenue Log, Carrier Website Login spreadsheet, password management tools, and commission statement folders.
• Communicate with carriers via email or phone to obtain missing commission statements and resolve discrepancies.
• Establish and maintain working logins for company websites to access commission statements.
• Ensure all payments received during the month have corresponding statements posted by month-end.
• Reconcile the Direct Bill General Ledger to the Direct Bill Revenue Log for month-end closing and complete the closing checklist.
• Research and resolve posting issues with outsourcing companies promptly.
• Serve as the primary contact for acquisitions following data merges.
• Complete special projects and other duties as assigned.

Requirements

• High School Diploma or equivalent required.
• Bachelor’s degree in Accounting, Finance, Economics, Business, or Statistics preferred.
• Minimum of 2 years of finance and accounting experience preferred.
• Proficient in Microsoft Word and Excel.
• Familiarity with website navigation, especially banking and insurance websites.
• Basic knowledge of accounting rules, regulations, policies, and procedures relevant to the financial services industry.
• Strong interpersonal, oral, and written communication skills.
• Excellent problem-solving, relationship management, and critical thinking abilities.
• Ability to prioritize multiple projects, meetings, and deadlines.
• Willingness to assist internal and external customers with concerns.
• Ability to work independently and collaboratively within a team.

Compensation & Benefits

• Hourly wage range: $19.23 - $32.69, dependent on skills, experience, certifications, and organizational needs.
• Eligibility for a discretionary annual incentive program based on individual and organizational performance.
• Competitive pay.
• Comprehensive benefits including family health and wellness programs, 401(k), employee assistance programs, paid time off, and paid holidays.
• Opportunities for career advancement and professional development.

Location

• Position location details are not specified.

This role offers an opportunity to contribute to financial accounting operations within a dynamic insurance services environment. Equal employment opportunity is provided without regard to race, color, religion, age, sex, national origin, disability, veteran status, sexual orientation, gender identity, or any other protected characteristic.