Chubb Chicago , IL 60602
Posted 1 week ago
Combined Insurance, is seeking a Senior Compensation and Contracts Associate to join our fast-paced, high energy, growing company. We are proud of our tradition of success in the insurance industry of over 100 years. Come join our team of hard-working, talented professionals!
JOB SUMMARY:
This position will provide daily support to brokers and internal sales team to include commission schedules, bonuses, contracts, and new agent appointments. Additionally, this person will act as liaison between our brokers/internal Worksite sales organization and our Licensing and Field Financials departments.
RESPONSIBILITIES:
Receive, research, and respond to all bonus, commission, and contract related questions from brokers and sales; partner with other departments as appropriate to investigate and resolve issues
Work with VP of Sales, CFO, and President to review the bonus calculations and gain their approval for payment
Maintain and request guarantee and draw payments for each Business Development Manager and Group Representative
Communicate bonus program to all new sales employees
Create commission schedule documents as requested by management/sales organization and ensure all commission schedule documents are followed when new case opportunities develop
Receive and create commission hierarchy information for each new case and follow-up on any missing information; communicate this information to client services team
Receive agent contracting paperwork and review for accuracy and completeness; follow-up on any missing information
Create various sales and commission reports on a monthly basis
Work with licensing to initiate contracts and new agent appointments
Partner with management and compliance on custom agreements related to agent contracting and special non-standard compensation agreements
Coordinate additional state appointment requests for all new enrollments to ensure all agents are appointed prior to enrollment an provide status updates to field
Assist Field Investigation Unit with agent complaint process/issues
Communicate broker processes with every new sales employee
COMPETENCIES:
Chubb