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Allstate · 1 day ago

Producer Commissions Consultant II

United States

Full-time

Remote

Mid Level

$50K/yr - $75K/yr

Allstate is an insurance company dedicated to protecting families and their belongings from life's uncertainties. They are seeking a Producer Commissions Consultant II who will manage and administer producer commissions programs, ensuring accurate payment and compliance with regulatory requirements while optimizing commission processes.

BankingFinanceFinancial ServicesInsuranceInsurTechVenture Capital

No H1B

Responsibilities

Serve as the primary point of contact for producers regarding commission inquiries, statements, and disputes. Build and maintain strong relationships with producers, providing timely and accurate information and resolving issues or concerns in a professional manner

Oversee the administration of producer commissions programs, including calculating, processing, and reconciling commissions payments. Ensure accuracy and timeliness in commission calculations and payments in accordance with established guidelines and agreements

Identify opportunities to streamline and optimize commission processes, procedures, and workflows. Implement best practices, tools, and technologies to enhance efficiency, accuracy, and transparency in commission administration

Maintain accurate records of commission agreements, transactions, and communications with producers. Prepare and distribute commission statements, reports, and documentation as required for internal and external stakeholders

Ensure compliance with regulatory requirements and industry standards governing producer commissions, including licensing, disclosure, and reporting obligations. Stay abreast of regulatory changes and updates that may impact commission programs and processes

Utilize commission management systems and software tools such as Excel and SQL to automate and streamline commission processes. Collaborate with IT and operations teams to maintain and enhance system functionality, troubleshoot issues, and ensure data integrity

Analyze commission data, trends, and performance metrics to identify opportunities for improvement and optimization. Provide insights and recommendations to management for enhancing commission programs, increasing producer productivity, and driving business results

Understand and interpret various commission structures, including base commissions, overrides, bonuses, and incentive programs. Work with internal stakeholders to implement and manage commission structures that align with business goals and regulatory requirements