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BROKER COMPENSATION SPECIALIST I

Job Field: Legal Jobs
Location: Burbank, CA
Salary: $Not stated
JOB SUMMARY:
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<tr><td valign="top" width="450"><b>Title: Broker Compensation Specialist ILocation: Burbank, CAResponsible for the analysis and processing of broker establishment in KP systems including the validation and appointment through the appropriate State/Federal Regulatory agencies (ie. CA DOI), producing and securing signed Commission Agreement, and work to assure establishment in AP for payment and W9 reporting. In addition, responsible for processing and maintaining of broker data, commission schedules and payment processing are both accurate and timely utilizing a complex set of systems and process while assuring these fall within strict business and financial compliance and control.Essential Functions:- Under general supervision, reviews & processes in a highly controlled environment basic level work items such as broker maintenance and demographic updates, add/change commission schedules, processing appt/licensing requests, broker of record changes and handles incoming broker phone inquires.- Responsible for the accurate and timely processing & analysis of high dollar commission, rewards and bonus payments to brokers and consultants.- Researches and resolves basic issue and inquires.- Processes very sensitive work in accordance with appropriate legal, compliance, state, and regulatory requirements.- Other duties as assigned.- Scope/Job Complexity: Works on assignments of limited complexity and diverse scope.- Works within accepted guidelines.- May require limited coordination with other departments or resources to accomplish desired outcomes.- Responsibilities impact the achievement of department objectives.- Results usually contribute to the completion of projects and department objectives.- Typical errors would cause moderate delays, inefficiencies and/or expenses.- Able to use judgment to determine if actions to be taken to process work requests or inquiries.- Escalate issue to appropriate management.- Ability to work without structure and prioritize tasks effectively.- Able to identify potential problems.- Ability to handle multiple tasks and solve problems independently without detailed supervision.- Flexibility to perform a variety of detailed business and financial functions and meet established deadlines.- Able to piece together data from multiple sources.- Exchanges and interprets non-routine information and/or collaboration of work.- Operates under general supervision.- Provides periodic informal work guidance/direction to and training of team members with less experience.- Has no formal supervisory responsibility.Qualifications:Basic Qualifications:- Requires one (1) - two (2) years of experience performing in either in a detailed accounting, health care operation, claims or complex multi-function service operations.- Working knowledge AND/ OR Financial or Insurance industry experience desired.- High School Diploma and minimum AA degree preferred OR combination of equivalent experience.- Basic spreadsheet (excel) and work processing (Word) skills required.- Good written and verbal communication and problem solving skills.- Aptitude for numbers, strong attention to detail, and well organized.

KEY REQUIREMENTS:
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