Producer Commission Analyst

Overview

This role is responsible for the accurate and timely calculation, reconciliation, reporting, and analysis of producer commissions across the organization and its member agencies. The position will also leverage AI and automation tools to streamline commission processes.

Responsibilities

• Calculate, review, and process monthly and quarterly producer commissions, overrides, and bonuses in accordance with commission agreements and company policy.
• Prepare monthly commission accruals, journal entries, and account reconciliations to support monthly, quarterly, and yearly close processes.
• Develop and maintain commission models and reports to support forecasting, budgeting, and strategic initiatives, including analysis of new or proposed compensation plans.
• Support integration of commission processes and data for newly acquired agencies.
• Serve as a point of contact for producers, account managers, and carriers on commission inquiries, providing clear and timely resolution.
• Maintain commission schedules, rate tables, and producer splits; ensure compliance with internal controls and audit requirements.
• Identify and implement opportunities to automate and improve commission processes, including use of AI tools for reconciliation, variance detection, and reporting.

Requirements

• Bachelor’s degree in Finance, Accounting, or related field.
• 2–5 years of experience in commissions, finance, accounting, or payroll, preferably within an insurance agency, brokerage, or carrier.
• Advanced Excel skills (Pivot tables, XLOOKUP, formulas, charts, etc.).
• Strong reconciliation and analytical skills with high attention to detail and accuracy.
• Understanding of insurance commission structures (new vs. renewal, direct bill vs. agency bill, splits) strongly preferred.
• Strong written and verbal communication skills.
• Ability to work in a fast-paced environment and manage multiple deadlines, including month-end close.

Preferred Qualifications

• Demonstrated experience using AI tools (e.g., Microsoft Copilot, ChatGPT, Claude) to automate workflows, analyze data, or improve reporting accuracy and efficiency.
• Agency management system experience (e.g., Applied Epic, AMS360).

Location

Not specified.

Compensation & Benefits

Not specified.

Equal Opportunity Employer

The employer is an Equal Opportunity Employer and is committed to providing an environment free of discrimination and harassment. Employment decisions are based on business needs, job requirements, and individual qualifications without regard to protected characteristics.