Insurance Reporting Specialist

Description: 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.

• 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 commission payouts.
• Track and investigate discrepancies, missing data, or inconsistencies in carrier reports.
• Maintain detailed commission logs, documentation, and tracking systems for audit readiness.

• Monitor activity and case submission.
• Review revenue increase and decrease (Individual Advisors and Firms) with the Director of
• Insurance.
• Track pending business to improve policy placement ratio.
• 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.

• 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 policies.

• 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.

• 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.
• Experience in wealth management, advisory, or professional services environments
• Experience in scaling accounting operations
• 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.