Producer Compensation Analyst

New York Life Insurance Company
life insurance
United States, Pennsylvania, Bethlehem
Jan 22, 2025
Job Requisition ID:91326 Location Designation:Hybrid - 3 days per week Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of being there when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions. Job Title: Producer Compensation Analyst Location Designation: Hybrid - 3 days per week When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture. GBS This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday. Role Summary The Producer Compensation Analyst is a client-facing role that handles inquiries via toll-free line or general service email box from clients and brokers, as well as, collects and validates required documents and data elements in order to complete initial commissions' system setup to ensure accurate and timely commissions' payment to brokers. The Analyst will also process assigned portions of Broker of Record (BOR) change requests as needed. Responsibilities Collects and validates required documents and data elements in order to complete initial system setup, process broker of record changes and pay broker commissions. Provides timely and accurate responses to phone and email inquiries from internal and external business partners. Monitors and process assigned manual commissions payments through payment processing software. Complies with departmental policies regarding ethical and proper use of company equipment, including internet access, email and phone usage, in compliance with New York Life Information Protection Policy May assist other Premium Audit Teams as needed. Qualifications Bachelor's degree in Business Administration or other related field or equivalent previous work experience is preferred. Demonstrates a strong focus on Service Excellence when partnering with internal and external business partners. Ability to multi-task and work with a sense of urgency in a fast paced environment. General understanding of accounting principles and control procedures. Strong computer skills including, but not limited to, MS Excel and MS Access. General knowledge of accounts receivable procedures and systems for reviewing premium remittance payments is preferred. Ability to work successfully independently as well as part of a team This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday. #LI-KH1 #LI-HYBRID Salary range: $42,500-$62,500 Overtime eligible: Nonexempt Discretionary bonus eligible: Yes Sales bonus eligible: No Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required. Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation.,,We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses "Be Good At Life." To learn more, please visit Linkedln, our Newsroom and the Careers page of www.NewYorkLife.com. Pay Transparency Salary range:$45,000-$75,000 Overtime eligible:Nonexempt Discretionary bonus eligible:Yes Sales bonus eligible:No Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program. Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program. Our Benefits We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site. Our Diversity Promise We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership. Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com. Job Requisition ID:91326