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Agency Finance - Producer Compensation Analyst
New York, NY 10004 US
Job Description
The ideal candidate must live and work in the U.S. and be available to work 9:00am to 5:00pm EST.
Summary:
The growing line of Multi-Life Disability Products requires the analyst to have expert knowledge of the unique compensation schedules of the Executive Benefit Firms. This includes reviewing and approving new compensation schedules in the Agency Compensation System. This position works closely with all internal and external wholesalers to provide confidential compensation information on an urgent basis.
Responsibilities:
This position is responsible for the administration of all aspects of the Company’s Producer Compensation Plans, and accurate payment of field compensation as outlined in the Individual Life and Disability, Multi-Life Disability and Park Avenue Securities schedules for business written by the Brokers, Registered Representatives, Full Time Agents and Field Representatives. This also includes accurate administration and payment to producers writing business through Distribution Alliance channels and Multi-Life Disability Executive Benefit Firms.
• Ensures accurate field compensation by interpreting producer contracts and compensation schedules and contract terms
• Much of the work involves providing confidential compensation data to field partners
• Works closely with Agent Contracting and Licensing (ACL) to ensure that compensation is paid according to the ever changing and varying state license regulations
• Recode Life & DI Policies based upon compensation rules
• Process assignment of commissions adhering to legal requirements
• Provides confidential compensation information to various internal departments such as Legal, Audit and Agency Accounting Services and Manager, Distribution Alliance
• Must process paper, NSCC and IPS commission statements and adjustments
• Must be able to identify the various types of commissions being reported (regular, 12b-1’s and mixed transactions) and product types (mutual fund, variable annuity, variable life, brokerage and RIA business)
• This position requires customer service by responding to commission-related issues and questions, problem research and resolution and accurate dissemination of information
Qualifications:
• Perform analysis and provide resolution and clear verbal and written responses to compensation inquiries
• Be able to identify the various types of commissions being reported (regular 12b-1’s and mixed transactions) and product types (mutual fund, variable annuity, variable life, brokerage and RIA business)
• High mathematical aptitude
• Quality oral communication skills
• Very Good PC skills required (Excel, Word)
• Ability to multitask in a fast-paced environment
• Proven ability to work under pressure
Meet Your Recruiter
William Romano
Bill is a Recruiting Manager with Panther Professional team. He has extensive experience working with and the recruitment of a large array of professionals including contract accounting, finance and bookkeeping professionals. Panther's Professional division can help you find the talent you need!
