Note: The job is a remote job and is open to candidates in USA. Patriot Growth Insurance Services is hiring a Broker Payable Commission Analyst to manage accurate, timely monthly broker commission payments and maintain related agreement and payment data. The role researches and resolves discrepancies, supports financial reporting and internal controls, responds to broker inquiries, and improves commission-processing systems in collaboration with agency, Finance, and Accounting teams.
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
- 3–5 years of experience in commission administration, accounting, broker compensation, or a related role
- Bachelor's degree in Accounting, Finance, Business Administration, 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
- Experience in commission administration, accounting, or broker compensation within the insurance industry
Benefits
- Multiple medical plan options, with preventive care covered at 100%
- Free virtual medical and mental healthcare for employees and their families, plus a dedicated healthcare concierge to help you navigate benefits, compare prescription costs, and make more confident, personalized care decisions
- Employer-paid short-term and long-term disability coverage
- Paid parental leave
- Personalized PTO that lets you take time away when you need it, without traditional accruals, plus separate sick leave
- Competitive 401(k) company match
- Comprehensive dental and vision coverage
- Employee Assistance Program with confidential mental health, legal, financial, and work-life support
- Company paid holidays
Company Overview