Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
Bridge Specialty Group is seeking a Commisions Specialist to join our growing team!
The Commissions Specialist is responsible for processing accurate and timely payments for commission or sales incentive programs. You’ll be a subject matter expert to less experienced teammates for all lines of business, distributions, systems, processes, products and methods. You’ll also conduct commission or sales incentive audits and serve as a liaison for sales partners in resolving commission and sales incentive-related operation issues. You’ll also support Technology partners in development/rollout of new commission projects. Assuring adherence to both regulatory and internal controls around the processing and payment of commissions.
How You Will Contribute:
- Process commission or sales incentive payments for multiple lines of business according to provisions in the commission/sales incentive plan.
- Research and resolve complex/non-routine processing corrections/exceptions requiring an in-depth knowledge of complex procedural and system processes.
- Complete quality checks on work processed by other teammates and provides appropriate reporting to leadership for review. Assists leadership and other areas with inquiries regarding commission processing.
- Serve as a subject matter expert for all lines of business, distributions, systems, processes, products and methods. Serves as subject matter expert when working with Technology Solutions to ensure the smooth, transparent, accurate and timely payment of commission. This will also include UAT testing, training team members and following up with any defects that may occur.
- Receive and respond to calls from teammates regarding complex commission or sales incentive-related processing problems. Assist with phone coverage when necessary.
- Interact with internal and external customers to analyze and resolve non-routine/complex payment inquiries and disputes.
- Complete commission or sales incentive audits and communicate results to both internal and external customers.
- Document and maintain compliance with commission controls, identify any control failures and work to bring areas back into compliance if failures occur. Perform research and provide requested details to appropriate parties as required by Internal Audits, contracted outside auditing firms, Compliance, Legal, as well as regulatory auditors.
- Prepare monthly/quarterly commission and sales incentive payment summary reports for management. Analyzes trends and consults with management regarding trends.
- Assist in designing and modeling commission and sales incentive plans. Resolve commission and sales incentive-related operation issues.
- Provide day-to-day support, guidance and training to new or less experienced teammates. Conduct analysis to identify training opportunities and procedural changes and make recommendations to team leader as needed.
- May perform other duties as assigned.
Skills & Experience to be Successful:
- Five or more years of work experience in commissions and/or sales incentive administration, financial services or related field.
- Proven knowledge of commission and/or sales incentive payment processes. Understands commission/sales incentive plan designs (i.e. targets, measures, etc.).
- Working knowledge of the compliance rules.
- Strong verbal and written communications.
- Strong analytical skills to research and evaluate complex payment process issues.
- Strong decision-making skills to evaluate alternatives and help develop solutions.
- Strong organization and planning skills to set priorities and plan work.
- Undergraduate degree in business administration, accounting, finance or related field preferred. (preferred)
- Previous leadership experience. (preferred)
About Us:
Bridge Specialty Group creates a seamless way to connect the varying needs of our retail partners with the market clout and talents of our wholesale entities. Our more than 25 niche-focused brands reflect our deep experience and specialization in construction, general casualty, environmental liability, professional liability, health care, public entity, workers’ comp, property and personal lines.
With more than 50 locations and more than 2,000 team members throughout the United States and Europe, Bridge has access to more than 200 standard and excess & surplus lines carriers that support our $7+ billion premium book.
Our focus is on bringing the power of collective size and specialty to the wholesale brokerage marketplace. Bridge Specialty Group – aligning risk with greater reach.
Pay Range
$41k - $47k AnnualThe pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
Teammate Benefits & Total Well-Being
We go beyond standard benefits, focusing on the total well-being of our teammates, including:
- Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
- Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
- Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
- Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.
Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.
The Power To Be Yourself
As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.
What We Do
Brown & Brown Insurance provides risk management solutions to help protect what our customers value most. Our four business segments offer insurance products and services to businesses and individuals. Our culture is built on integrity, innovation, superior capabilities, and discipline. We view insurance differently and use our experience, carrier relationships, and principled customer focus to deliver first-class service and solutions. Becoming a Brown & Brown teammate introduces you to a career with virtually unlimited possibilities. We think of ourselves as a team, so we have teammates—not employees. We strive to attract people who are competitive, driven, and disciplined. Our unique company culture of meritocracy rewards self-starters and those committed to doing what is best for our customers. We are proud to be certified as a Great Place to Work ®. Brown & Brown has demonstrated a Culture of Caring through dedication to the people and communities we serve. With more than 11,000 teammates in over 300 locations across the US, Canada, Ireland, the UK, Bermuda, and the Cayman Islands, we actively support numerous organizations in the local communities in which we live, work, and play. With a long-standing history of proven success, Brown & Brown is one of the insurance industry’s most powerful and influential leaders, ranked as the fifth-largest brokerage in the US and sixth in the world. You can find us on the NYSE as BRO.
