Producer/Broker Compensation Analyst
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Job Description
Producer Compensation Analyst assisting in commission calculations and broker agreements tracking. Working with finance and accounting teams to resolve commission issues at Brown & Brown, Inc.
Responsibilities:
- Assist the Manager in calculating commissions, true-ups and bonuses for the producers
- Track and maintain broker agreements throughout the year
- Liaise between finance & accounting team and producers regarding the quick resolution of all commission issues
- Maintain details of all Producer/Broker compensation arrangements
- Maintain Compensation payment calendar with outside offices – ensuring all needed documents are received before deadline
- Update Producer/Broker general information in systems as needed – working with operations to ensure accurate producer default rates are entered
- Assist with the process of calculating and paying all Producers/Brokers accurately and timely
- Assist with the calculation and correction of the House account commissions in February & August
- Assist with the midyear Draw evaluation and provide the Manager results and recommendations
- Regular review of data to identify errors, etc. especially for correct sales compensation reporting
- Support Manager with in-depth compensation and Producer analysis requests
- Liaise with other Corporate teams and departments (e.g. Corporate Accounting and Human Resources) as needed
Requirements:
- Bachelor’s Degree in finance or accounting preferred
- Insurance Brokerage or Insurance/Financial Services experience highly preferred
- 1-3 years’ experience in finance or accounting including experience within: working with large data sets, creation of excel templates, automation skills, and strong time management skills
- Proven ability to work independently, analyze data, and communicate effectively
- Proficiency in Microsoft Office products including PowerPoint and Excel and Power BI
- Exposure to Sales Compensation plans
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