• Job Description

  Req#: 2275756

  WHO WE ARE

  We are a leading, innovative company with a strong commitment to excellence and a passion for delivering cutting-edge solutions to our clients. As a key player in the insurance market, we pride ourselves on our dynamic culture, collaborative environment, and continuous drive for success. With a rich history and a bright future ahead, we are looking for exceptional individuals to join our team and contribute to our ongoing growth and success.

  
  

  HERE IS WHAT WE ARE LOOKING FOR

  The Direct Bill Commissions Specialist will retrieve commission statements, post In-House and Outsourced Direct Bill Commissions, complete Revenue Tracking and Calculation logs daily, complete exception research and resolution, participate in month end closing, and provide accounting support to financial accounting areas.

  
  

  A GLIMPSE INTO YOUR DAY

  • Processes benefits, personal, and/or commercial lines direct bill commissions. Searches customer and policy numbers and enter premiums and commissions received from insurance carriers. Posting may be done via manual posting, commission download from the carrier, or through statement conversion.
  • Processes Return Commission statements, which requires research to ensure funds have not already been paid to carriers, creation of Direct Bill (DB) entry, and a check request for payments to carriers when necessary.
  • Processes all journal voucher entries needed to clear the Direct Bill Receivables GL account including intercompany, re-classing, MVR Fees, off-platform commissions, etc.
  • Manages the direct bill receivables report to ensure the ending balance is as close to zero as possible.
  • Maintains the Monthly Revenue Log including calculation columns, Carrier Website Login spreadsheet, Last Pass Password Management Tool, and DB commission statement folders.
  • Communicates with carriers by email or by phone to obtain missing commission statements.
  • Establishes or ensures a working login(s) for each company website to pull commission statements.
  • Processes statements received by email or mail. Ensures all payments received during the month have corresponding statements received and are posted by month end.
  • Communicates with carriers and/or company personnel by email or by phone to resolve discrepancies and exceptions and to verify policy and commission information. Ensures unresolved discrepancies or exceptions at month end are resolved the following month.
  • Reconciles Direct Bill General Ledger to the Direct Bill Revenue Log for month end closing, clears any outstanding items, and completes the month end closing checklist. A list of any missing statements or unresolved issues must be provided to leadership at month end.
  • Researches and resolves Direct Bill posting issues with outsourcing company and returns to them in a timely manner.
  • Primary contact for acquisitions following the data merge.
  • May complete special projects and other duties as assigned.

• About the company

  Relation Insurance is a leading North American Insurance Brokerage, providing employee benefits, business insurance, and personal insurance.

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