Commission Accountant

Global Bankers Life Insurance; Durham (NC); On-site; USD 30,000 - 50,000; Full time

Benefits offered by this job

Full Benefits Package Available

Job summary

Global Bankers Life Insurance in Durham, NC is hiring a Commission Accounting Specialist responsible for processing commissions in various systems. The ideal candidate will have a Bachelor's degree in Accounting or Finance and two years of experience. Key tasks include preparing and maintaining documentation and acting as a communication point for agents.

This position offers hourly compensation with a range of $13.22 to $23.56. A full benefits package is available.

Qualifications

• Bachelor’s degree in Accounting or Finance.
• Two years of general accounting or business experience.
• Strong analytical and organizational skills.

Responsibilities

• Process day-to-day commission accounting tasks.
• Create accounts for new agencies/agents on the Admin system.
• Maintain the agent EFT system, including new accounts.

Skills

Analytical skills

Problem-solving skills

Organizational skills

Communication skills

Proficiency in Microsoft Word and Access

Education

Bachelor’s degree in Accounting or Finance

Job description

Global Bankers Insurance Group, LLC (“Global Bankers”) represents and manages a consortium of rapidly growing life and annuity insurance and reinsurance companies. We have operations throughout the U.S. and in select international markets. Our primary product suite consists of fixed annuities, life insurance and some supplemental products, distributed primarily through independent agents and worksite channels. In addition, we are an active reinsurer of both new and in force books of business.

Job Description

The commission accounting specialist will be responsible for day to day commission processing in various administrative systems.

Responsibilities

• Prepare, research, and create accounts for new agencies/agents on the Admin system(s); research involves reviewing agency/agent contracting and licensing documentation, gathering appropriate documents, and utilizing all applicable Admin system and PC applications; preparing and filing documentation in the corporate imaging system.
• Prepare, research and or create commission product schedules upon request; prepare and file appropriate documentation in the corporate imaging system.
• Receive, review, and verify daily advance and monthly commission payment requests; forward to supervisor for approval, prepare and file documentation in the corporate imaging system.
• Receive and maintain basic agency/agent transactions on Admin system(s); basic agency/agent transactions include name and address changes, agency/agent deductions; prepare and file appropriate documentation in corporate imaging system; initiate and prepare agency check requests for various deducted fees.
• Maintain the agent EFT system which includes establishing new EFT accounts, changing and or correcting existing agent EFT accounts, and preparing appropriate documentation in the corporate imaging system.
• Prepare and distribute various agency/agent correspondence such as 1099’s, agent authorization agreements, monthly commission statements; daily advance reports, etc.
• Receive, research, and respond to basic agency/agent inquiries by phone or e-mail.
• Assist with agency/agent inquiries regarding information contained on the agent portal.
• Prepare, distribute, and file month end production and management reports as required.
• Provide assistance with month end close and year end close activities.
• Comply with HIPAA, Diversity Principles, Corporate Integrity, Compliance Program policies and other applicable corporate and departmental policies.
• Maintain complete confidentiality of company business.
• Maintain communication with management regarding developments within areas of assigned responsibilities and perform special projects as required or requested

Qualifications

• Bachelor’s degree in Accounting or Finance.
• Two years of general accounting or business experience.
• Strong analytical, problem solving and organizational skills.
• Clear and concise verbal and written communication skills.
• Ability to operate standard office equipment.
• Proficiency in Microsoft Word and Access.

Compensation

• Salary DOE
• 13.22 - $23.56/hourly
• Full Benefits Package Available

Global Bankers Insurance Group provides equal employment opportunities to all employees and applicants. We prohibit discrimination in employment and harassment on the basis of race, color, sex, gender identity, sexual orientation, age, disability, religion, national origin, genetic status, veteran status, or any other characteristic protected by applicable law. This policy applies to all terms and conditions of employment, including recruitment, hiring, transfer, promotion, compensation, discipline, and termination.

All your information will be kept confidential according to EEO guidelines.