Commission Analyst - Life Insurance

Commission Analyst

REPORTS TO: CFO

DEPARTMENT: Finance Exempt

FLSA STATUS: Monday through Friday

WORK SCHEDULE: LOCATION: Hartford, CT or possibly remote

COMPANY OVERVIEW:

Covr Financial Technologies, Inc. is a market leading insurance-as-a-services platform (InsurTech) that simplifies the buying process for life, long-term care, and disability insurance products sold through financial and wealth management advisors, banks, credit unions, RIAs, consumer brands and fintech channels. There are over 25,000 financial advisors using our platform and over 30,000 insurance applications completed on our platform since 2016. Our platform has processed close to $5 billion in claim benefits for end-consumers.

Covr's platform provides a simpler way for people to protect what matters most and a better consumer experience. We have streamlined the insurance application and underwriting process from days to minutes using A.I. technology. Covr has a dynamic and transparent work environment where we create opportunities for our employees to grow. We embrace a flexible work environment that encourages high productivity and job satisfaction. We have strong core values: Client First, Collaboration, Innovation and Fun!

JOB SUMMARY:

This Commission Analyst role is a newly created position for our growing team! Reporting to the Chief Financial Officer.

ESSENTIAL JOB FUNCTIONS, DUTIES, AND PERFORMANCE RESPONSIBILITIES:

• Reconcile commission payments- Entering and analyzing carrier commission statements to determine outgoing payments due, as well as troubleshooting within our commissions system for commissions calculating incorrectly.
• Maintenance of commission schedules- Working closely with each of our carriers to obtain the most up- to-date commission schedules, reviewing schedules for changes, noting changes, and updating internal schedules as well as all national account schedules.
• Prepare daily commission statements- Download and prepare daily commissions statements from the carrier websites.
• Prepare outgoing commission statements for agents, agencies, and financial institutions
• Manage customer inquiries- Handle phone calls and emails from our agents and accounts to answer questions, research issues, and process changes with our insurance carriers.
• Performs other related duties as assigned.

JOB SPECIFICATIONS:

Education and Experience:

• Bachelor's degree in accounting or finance preferred; or prior experience in a similar role
• Experience in insurance industry a plus
• Experience with Greenwave or other similar commission platform a plus

Knowledge and Skills:

• Proficient in Microsoft Office: Word, Excel, Outlook
• Ability to analyze numerical relationships
• Able to multitask, prioritize workflow and understand urgency
• Must have attention to detail, is highly organized and understand its importance
• Is comfortable with technology. Can use the internet with ease and can enter data quickly and with accuracy
• Ability to solve problems
• Understands the need for change and is flexible when needed
• Ability to interact with all levels of management
• Must exhibit excellent communication and telephone skills, including both written and verbal communication
• Must be a self-starter and be able to work in a collaborative team environment

BENEFITS PACKAGE:

We offer a competitive benefits package:

• Salary range from $60,000 to $65,0000 annually
• Paid Time Off (PTO): 3 weeks to start, increasing with years of service
• Paid holiday's- 11 days
• Mental Health Days- 3 days
• Medical, Dental and Vision- 80% of monthly premium paid by Covr for all full-time employees
• Adult and child orthodontia
• Health Savings Account (HSA) with quarterly company contributions
• Short-Term and Long-Term Disability
• Pet insurance for cats and dogs!
• Company paid Life and AD&D insurance for all full-time employees.
• Supplemental Life and AD&D insurance up to 5x salary for employee
• Supplemental Life and AD& D plans offered for spouse and dependents
• Flexible Spending Accounts (FSAs): medical, dependent, parking and transit

Covr is an equal opportunity employer and values diversity in our workforce. We encourage applications from all qualified individuals, including those with diverse backgrounds and those with disabilities. Please note that we do not provide immigration sponsorship for this position.