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 and calculation logs, conduct exception research and resolution, participate in month-end closing, and provide accounting support.

Responsibilities

• Process benefits, personal, and commercial lines direct bill commissions by searching customer and policy numbers 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 ensure funds have not been previously paid, creation of direct bill entries, and check requests for payments to carriers when necessary.
• Handle all journal voucher entries needed to clear the Direct Bill Receivables General Ledger account, including intercompany transactions, re-classing, MVR fees, and off-platform commissions.
• Manage the direct bill receivables report to maintain an ending balance as close to zero as possible.
• 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 pull 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, clear outstanding items, and complete the month-end closing checklist.
• Research and resolve direct bill 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 participation in 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 based on the hiring site and may affect compensation due to geographic differentials.