[Hiring] Broker Payable Commission Analyst @Patriot Growth Insurance Services

Role Description

As a Broker Payable Commission Analyst, you'll help ensure outside brokers receive accurate, timely commission payments that reflect their agreements. Your work will support dependable broker relationships, accurate financial reporting, and consistent payment practices.

• Manage monthly commission calculations and reconciliations.
• Maintain agreement and payment data.
• Serve as the primary contact for broker commission questions and disputes.
• Independently research discrepancies and determine appropriate resolutions.
• Help improve the systems that support commission processing.

Qualifications

• 3–5 years of experience in commission administration, accounting, broker compensation, or a related role.
• Bachelor's degree in Accounting, Finance, Business Administration, or a related field, or equivalent experience.
• Knowledge of broker commission structures, payment terms, audits, reconciliations, accruals, and variance analysis.
• Ability to interpret agreements and exercise sound judgment when terms are ambiguous.
• Strong organizational skills and attention to detail.
• Effective communication and collaboration skills.
• Proficiency with accounting systems and Agency Management Systems, such as Business Central, Epic, and BenefitPoint, along with Microsoft Excel.
• Ability to handle confidential broker, banking, client, and company information appropriately.
• Commitment to Patriot's core values.

Requirements

• Calculate, process, and reconcile monthly broker commission payments.
• Maintain accurate broker agreements, commission documentation, payment instructions, and commission settings.
• Audit production and commission reports, investigate variances, and resolve payment discrepancies.
• Prepare payment files, commission statements, reconciliations, and commission expense reports.
• Prepare supporting documentation for accruals and journal entries.
• Ensure validated payments are entered into the appropriate systems by established payment deadlines.
• Track new agreements, amendments, terminations, and rate changes.
• Collaborate with brokers, regional and agency teams, Finance, and Accounting.
• Lead system enhancements that improve commission processing.
• Protect confidential broker, banking, client, and company information.

Benefits

• Multiple medical plan options, with preventive care covered at 100%.
• Free virtual medical and mental healthcare for employees and their families.
• Employer-paid short-term and long-term disability coverage.
• Paid parental leave.
• Personalized PTO that lets you take time away when you need it.
• Competitive 401(k) company match.
• Comprehensive dental and vision coverage.
• Employee Assistance Program with confidential mental health, legal, financial, and work-life support.