Insurance Commissions Associate
Raymond James Financial
This job is no longer accepting applications
See open jobs at Raymond James Financial.See open jobs similar to "Insurance Commissions Associate" The Center - Memphis.Description
Job Summary:
Under general supervision, uses specialized knowledge and skills obtained through experience and/or formal training to process all aspects of commissions for financial advisors. Detailed instructions, established procedures and prescribed guidelines are provided to perform a variety of routine tasks. Recommends solutions to moderately complex problems. Will have extensive contact with internal and external customers to identify, research, and resolve problems.
Essential Duties and Responsibilities:
• Acts as commission liaison between insurance carriers, financial advisors and sales management.
• Confirms proper posting of fees, commissions, reimbursements to commission systems and to general ledger, ensuring integrity ledger accounts.
• Prepares various journal entries, primarily commission postings and adjustments.
• Reconciles commission statements and commission related general ledger accounts.
• Utilizes reporting software to assist in reconciliations and problem resolution.
• Records, inputs and posts commission information from a variety of sources, including ACH’s and paper checks.
• Prepares advances and commission reversals.
• Remains current in operations policies and procedures.
• May train other associates.
• Performs other duties and responsibilities as assigned.
Qualifications
Knowledge, Skills, and Abilities:
Knowledge of:
• Accounting concepts, practices and procedures
• Operations and systems of assigned functional area.
• Fundamental accounting concepts, practices, and procedures.
• Financial products.
Skill in:
• Operating standard office equipment and using required software applications, including general ledger and payroll software systems, including Microsoft Office Excel, Access and/or Crystal reporting.
• Preparing, processing and maintaining transaction documentation, files, and records.
• Gathering and compiling information.
• Responding appropriately to inquiries and dealing with complex transaction issues.
• Organizational and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines.
Ability to:
• Partner with other functional areas to accomplish objectives.
• Execute instructions and request clarification when necessary.
• Identify and resolve discrepancies.
• Communicate effectively, both orally and in writing, with all organizational levels.
• Demonstrate efficiency and flexibility in performing detailed tasks in a fast-paced work environment with frequent interruptions, changing priorities, and multiple deadlines.
• Provide a high level of customer service, primarily via telephone.
• Maintain strict confidentiality of commission records.
• Work independently as well as collaboratively within a team environment.
Educational/Previous Experience Requirements:
• High School diploma or equivalent with a minimum of two (2) years of Payroll or Commissions experience.
~or~
• Associate’s degree (A.A.) or equivalent from a two-year college or technical school and one (1) year related experience and/or training in Payroll or Commissions.
• Bachelor’s Degree Preferred
~or~
• An equivalent combination of education, experience and/or training approved by Human Resources.
Licenses/Certifications:
• None required.
Job
Private Clients SolutionsPrimary Location
US-TN-Memphis-MemphisOrganization
Private Client GroupSchedule
Full-timeShift
Day JobTravel
Yes, 5 % of the TimeThis job is no longer accepting applications
See open jobs at Raymond James Financial.See open jobs similar to "Insurance Commissions Associate" The Center - Memphis.