Remote Broker Commission Analyst - Payments & Reconciliations

Remote; San Francisco (CA); Remote; USD 65,000 - 95,000; Full time

Job summary

Patriot Growth Insurance Services is seeking a Broker Payable Commission Analyst to ensure brokers receive accurate monthly commissions in line with agreements. The role interfaces with Finance, Accounting, and agency teams to research discrepancies and maintain commission data.

You will process payments, generate statements, and support accruals and journal entries for financial reporting, while safeguarding confidential information and adhering to internal controls.

Qualifications

• 3–5 years of experience in commission administration, accounting, broker compensation, or a related role.
• Bachelor's degree in Accounting, Finance, or a related field, or equivalent experience.
• Knowledge of broker commission structures, payment terms, audits, reconciliations, accruals, and variance analysis.
• Ability to interpret agreements, exercise sound judgment when terms are ambiguous, and accurately apply commission rates, effective dates, and payment schedules.
• Strong organizational skills and attention to detail when managing monthly deadlines, multiple agreements, and high-volume data.
• Effective communication and collaboration skills for working with brokers, regional and agency teams, Finance, and Accounting.
• Proficiency with accounting systems and Agency Management Systems, such as Business Central, Epic, and BenefitPoint, along with Microsoft Excel.
• Ability to handle confidential broker, banking, client, and company information appropriately.
• Commitment to Patriot's core values.

Responsibilities

• Calculate, process, and reconcile monthly broker commission payments in accordance with executed agreements and payment terms.
• Maintain accurate broker agreements, commission documentation, payment instructions, and commission settings within Agency Management Systems.
• Audit production and commission reports, investigate variances, and resolve payment discrepancies.
• Serve as the primary contact for broker commission inquiries and disputes, independently researching issues, determining appropriate resolutions, and communicating and implementing outcomes.
• Prepare payment files, commission statements, reconciliations, and commission expense reports.
• Prepare supporting documentation for accruals and journal entries to support accurate financial reporting and internal controls.
• Ensure validated payments are entered into the appropriate systems by established payment deadlines.
• Track new agreements, amendments, terminations, and rate changes so payments reflect current terms.
• Collaborate with brokers, regional and agency teams, Finance, and Accounting to resolve questions and coordinate commission activities.
• Lead system enhancements that improve commission processing and provide ad hoc commission and financial analysis.
• Protect confidential broker, banking, client, and company information.

Skills

Broker commission knowledge

Analytical thinking

Attention to detail

Communication skills

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

Business Central

Epic

BenefitPoint

Microsoft Excel

Job description

Patriot Growth Insurance Services is seeking a Broker Payable Commission Analyst to ensure brokers receive accurate monthly commissions in line with agreements. The role interfaces with Finance, Accounting, and agency teams to research discrepancies and maintain commission data.

You will process payments, generate statements, and support accruals and journal entries for financial reporting, while safeguarding confidential information and adhering to internal controls.