World Insurance Associates LLC

Analyst, Producer Commissions & Incentive Payables

World Insurance Associates LLC  •  United States (Remote)  •  3 days ago
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Job Description

 
World Insurance Associates (“World”) is a unique financial services organization with a global network of brokers and specialists who empower people to make informed decisions to improve their risk management outcomes, modernize their benefits programs, and help them achieve their long-term financial goals.  
Founded in 2011, World is one of the fastest-growing, Top 25 insurance brokers in the U.S. with nearly 3,000 employees in more than 300 offices across North America and the U.K. World specializes in personal and commercial insurance, surety and fidelity bonding, employee and executive benefits, investment advisory and retirement plan services, and payroll & HR solutions. 

Primary Responsibilities 
  • Prepare statements and communications for unit leader and producer bonuses in accordance with employment agreement terms
  • Review of new acquisition employment agreements for tracking unit leader and producer bonuses
  • Prepare statements and communications for acquisition bonuses in accordance with asset purchase agreement terms
  •  Review of new acquisition asset purchase agreements for tracking acquisition bonuses 
  • Setup of employee profiles in agency management systems with default commission rates in accordance with employment agreements
  • Preparation of monthly journal entries related to accrued bonuses and bonus payments
  • Reconciliation of unit leader and producer bonus general ledger accounts   
  • Coordination with IT and agency management system specialists to ensure producers are properly coded to accounts at prior and post conversion into World agency management systems
  • Provide payroll or accounts payable with payment information related to producer, unit leader, or acquisition bonuses on timely basis  
  • Prepare monthly producer draw reconciliations and related journal entries. Update tracking schedule for producers in draw deficit, to be presented to management.
  • Ad hoc projects as assigned by management
  • Maintain and update monthly schedule of all variable compensation employees and coordinate changes with payroll, HR, and other relevant departments
  • Coordinate addition of new brokers in our agency management systems with operations, legal, and regulatory affairs 
Qualifications 
  • Bachelor's Degree preferred 
  • Required Minimum of 2 years' experience in accounting, insurance industry 
  • Prior commission payable experience preferred
  • Required Proficient in accounting software and Microsoft Office Suite or related software 

Equal Employment Opportunity 
At World Insurance Associates (WIA), we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business. 
 
To Executive Search Firms and Staffing Agencies
World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered World’s property, and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting World’s Human Resources Talent Department. 

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World Insurance Associates LLC

About World Insurance Associates LLC

World is a leading financial services organization that uses its vast resources and industry expertise to empower people to make informed decisions to improve their risk management and financial outcomes.

Using data-driven analytics, our advisors innovate new products and solutions tailored to clients’ needs across insurance and bonds, employee benefits, retirement plans, wealth management services, private client services, and payroll & HR solutions.

We have advisors in dozens of niche markets, and we cater to specialized industries such as agribusiness, associations, construction, entertainment & recreation, healthcare, hospitality, manufacturing, public/nonprofit, professional services, real estate, retail, self-storage facilities, and transportation.

With the backing and expertise of a comprehensive network of specialists, our colleagues build trusted relationships with our clients that deliver real-world results.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Iselin, New Jersey
Year Founded
Unknown
Website
worldinsurance.com
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