Sales Operations Analyst

Hello

We are looking for a Producer Compensation Analyst – Must have experience from Insurance, Financial services, Media and entertainment, Sales organizations or Real estate environments.

This is a Hybrid Role – Must report to the Oakland, CA office at least 1 – times a month. Zip Code: 94612

Duration: 9+ months with possibility of longer term extensions

Pay Rate: $33/hr on W2 – No C2C

If interested, please email your resume to grace.johnson@motionrecruitment.com

Job Description:

The Producer Compensation Analyst will be responsible for managing all aspects of the producer records including the creation of the producer record, updates to the demographic information and payment methods and reporting.

The analyst will manage and maintain all broker to customer or member relationships and commission records to facilitate the commission calculation and payment processes.

The analyst will assist with the reconciliation of the monthly commission calculations and payments for accuracy and research and resolve all producer compensation related inquiries.

The analyst will collaborate with the producer credentialing, contracting and compensation teams as well as our external broker community and business partners.

Creates, updates and maintains producer records and demographic information on the broker portal and financial applications including payment methods and banking information.

Gathers and reviews required documentation from the producers for accuracy.

Communicates and coordinates producer changes or updates to the producer credentialing and contracting departments and other internal business partners.

Utilizes reporting to analyze, identify and resolve discrepancies and ensure the data is accurate.

Completes tasks related to producer number assignments, producer record management and compensation.

Collaborates with internal business partners to successfully complete their tasks and

responsibilities as it relates to producer information.

Analyzes data on the customer relationship management applications for accuracy and communicates corrective action for any discrepancies.

Manages and maintains broker customer or member relationships on the financial applications to accurately calculate commissions and other fees for payment purposes.

Utilizes reporting to analyze and reconcile relationships and review data for accuracy.

Assists with monthly commission calculation reconciliation for all lines of business, analyzes producer records for variances and discrepancies and recommends the appropriate corrective action.

Assists with producer compensation payments including reconciliation, voids and reissues, cancellations, Form 5500 reporting and annual 1099 reconciliation.

Prepares and distributes departmental reports related to producer records and relationships.

Communicates with the producer to resolve inquiries as it relates to the producer's record or compensation.

Provides commission statements upon request and prepares ad-hoc compensation reports as requested by the producer.

Contributes to monthly management and key performance metrics reporting. Identifies and reports patterns and trends as it relates to producer records and relationships to management.

Maintains and updates departmental policies and procedures as it relates to producer records and relationship management in addition to training materials. Serves as subject matter expert for all aspects of producer record and relationship management.

Analyzes current processes and identifies existing or potential problems in order to discover new process improvement opportunities.

Creates reports and analyzes data to identify solutions that meet business goals.

Participates in system maintenance and upgrade testing.

Creates reports and analyzes data to identify solutions that meet business goals

Analyzes current processes and identifies existing or potential problems in order to discover new process improvement opportunities

Skills/Experience:

2+ Bachelor's degree in Business Administration with emphasis in Accounting preferred

Proficient in Microsoft applications such as: Excel (Intermediate), Word, Outlook, PowerPoint, SharePoint, Teams.

Experience onboarding and setting up brokers.

Familiar with the broker appointments and licensing processes.

AP, AR, and broker commission experience.