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Prosperity Life · 8 hours ago

Field Compensation Specialist

Austin, TX

Full-time

Onsite

New Grad, Entry Level

$20/hr - $23/hr

Prosperity Life is a company that ensures agents are properly contracted, licensed, and appointed to conduct business. The Field Compensation Specialist is responsible for managing agent commission payments, maintaining accurate records, and ensuring compliance with company guidelines and regulations.

Asset ManagementCommercial InsuranceHealth CareHealth InsuranceInsurance

Responsibilities

Review, sort, and disburse agent commission statements and commission payments by Company check or EFT

Verify that the calculation of commissions, frequency of payments, and method of payment are as requested by the agents and as authorized by the Company

Create, update, and maintain accurate agent records

Process all aspects of LBR applications by coding them into policy system and preparing and delivering policy endorsements and cover letters to the policy owners

Process journal entries based on requests received from agents or from other departments to charge or credit agent commission accounts for various expenditures

Review and reissue, when necessary, lost or stale-dated commission checks

Review and process requests for commission payment via EFT and ensure compliance with Federal Reserve ACH regulations, update and/or correct agents' EFT records

Prepare and disseminate agents' group insurance enrollment packets and related correspondence

Review, sort, and distribute monthly agent reports to agents and other NWL departments

Research problems/questions with commission payments for domestic and international agents