Insurance Reporting Specialist

Insurance Commission Reporting Specialist

Overview:

The Insurance Commission Reporting Specialist is responsible for managing the insurance commission reporting process for Prime Capital Financial. This position serves as a key liaison between the Finance Department and Compliance teams, ensuring accuracy and efficiency in insurance commission processing, advisor payouts, and associated reporting.

Key Responsibilities:

• Prepare and reconcile insurance commission reports received from carriers and vendors.
• Review and validate commission data to ensure accuracy before processing payments.
• Collaborate with the Finance team to provide all necessary data for processing.
• Track and investigate discrepancies, missing data, or inconsistencies in commission logs.
• Maintain detailed commission logs, documentation, and tracking systems for audit readiness.
• Serve as a primary point of contact between Finance, Compliance, and Advisor teams regarding insurance commission questions and reporting timelines.
• Provide timely responses and resolution to advisor commission inquiries.
• Partner with the Director of Finance to continuously improve commission tracking and reporting processes.

Data Integrity & Reporting:

• Maintain commission reporting dashboards, summaries, and reports for internal stakeholders.
• Identify and implement process improvements to enhance reporting accuracy and timeliness.
• Ensure all commission activities align with firm compliance and financial controls.

Qualifications:

Required:

• 2+ years of experience in insurance commission reporting, carrier reconciliation, or financial operations.
• Strong knowledge of insurance products, carriers, and commission structures.
• Exceptional attention to detail and accuracy in financial data.
• Proficiency in Microsoft Excel and financial reporting systems.
• Excellent communication and organizational skills.

Preferred:

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• Experience with in an RIA, broker‑dealer, or insurance/financial services firm.
• Familiarity with insurance licensing and registration requirements.
• Analytical thinking:
  Ability to interpret financial data and resolve discrepancies efficiently.
• Accountability:
  Takes ownership of deliverables and deadlines.
• Collaboration:
  
  Works effectively across Finance and Compliance teams.
• Process improvement:
  Continuously seeks to enhance operational accuracy and efficiency.
• Integrity:
  Maintains confidentiality and adheres to compliance standards.

Seniority Level: Associate

Employment Type: Full‑time

Job Function: Finance

Benefits: Medical insurance;
Vision insurance; 401(k);
Paid paternity leave;
Paid maternity leave;
Disability insurance.