Commissions Processing Specialist

Commissions Processing Specialist Richardson, TX Job Details Full-time $50,000 - $70,000 a year 1 day ago Benefits Health insurance Dental insurance 401(k) Paid time off Vision insurance Qualifications VLOOKUP function Business financial process improvement Accounting systems Record keeping Contract documentation review Financial close processing Contract management Contract review Internal controls Financial data reconciliation Financial transaction processing Financial reporting Regulatory compliance Process improvement Mid-level Analysis skills Data entry Accounting and finance experience Financial regulatory compliance Data validation Financial audit support Cross-functional collaboration Month-end close Ad-hoc reporting Communication skills Technical Proficiency Regulatory compliance management Cross-functional communication Excel data analysis

Full Job Description Description:

About Us 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. Position Summary 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.

Requirements:

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. NOTE

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an "at will" relationship. Agile People and Payroll provides equal employment opportunities to all applicants, without regard to unlawful considerations of or discrimination against race, religion, creed, color, nationality, sex, sexual orientation, gender identity, age, ancestry, physical or mental disability, medical condition or characteristics, marital status, or any other classification prohibited by applicable local, state, or federal laws. Agile People and Payroll may obtain a 'consumer report' about you from a consumer reporting agency for employment purposes. A 'consumer report' is a background screening report that may contain information regarding your criminal history, driving history, and information about you.