Producer Contracting & Commissions Specialist at Boston Mutual Life Insurance Company

Canton, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

12 Feb, 26

Salary

0.0

Posted On

14 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Analytical Abilities, Attention To Detail, Effective Communication, Contract Management, Commission Processing, Insurance Products Knowledge, Regulatory Compliance, Collaboration, Problem Solving, Data Analysis, Software Proficiency, Customer Service, Empathy, Professionalism, Ownership, Knowledge Of Commission Structures

Industry

Description

All Boston Mutual employees who interact with our policyholders, our producers, and our BML associates embrace the principles of our brand and service philosophy. We are all brand ambassadors. Both our words and our behaviors matter. We share a common service philosophy and pride ourselves in living the BML brand promises every day, one interaction at a time. The following statements represent what Boston Mutual stands “FOR” – it is what makes us different and better in the market we serve. * We are FOR being a progressive life insurance company offering financial peace of mind to working Americans and their families. * We are FOR providing practical and affordable products designed for those we serve. * We are FOR making it easy to secure a level of financial protection with a portfolio of products – beginning with life insurance. * We are FOR providing a personalized customer experience to our policyholders and producers. * We are FOR acting in the best interests of our policyholders, producers, employees, and the communities in which we live and serve – representing the goodness of mutuality in all we do. We do our best to: * Demonstrate a desire to assist. * Listen to understand and respond empathetically. * Explain things in a manner that is easy to understand. * Be knowledgeable students of our business. * Take full ownership to resolve questions and issues. * Be professional, polite, and courteous. * Leave our customers and associates “better than where we found them.” The Producer Contracting & Commissions Specialist plays a crucial role in the insurance industry by ensuring that all producer contracts are accurately processed and maintained. This position is responsible for managing the commission structures and ensuring timely payments to producers, which directly impacts the company's relationships with its agents. The specialist will analyze commission data to identify trends and discrepancies, providing insights that help optimize compensation strategies. Additionally, this role involves collaborating with various departments to streamline processes and enhance the overall efficiency of the contracting and commission systems. Ultimately, the success of this position contributes to the company's growth and the satisfaction of its producers. Minimum Qualifications: * Bachelor's degree in Business Administration, Finance, or a related field. * At least 2 years of experience in contract management or commission processing within the insurance industry. * Strong understanding of insurance products and commission structures. Preferred Qualifications: * Experience with insurance agency management systems and commission software. * Knowledge of regulatory requirements related to producer contracting. * Professional certification in contract management or a related field. Responsibilities: * Review and process producer contracts, ensuring compliance with company policies and regulatory requirements. * Manage and maintain accurate records of commission structures and payments, addressing any discrepancies promptly. * Analyze commission data to identify trends, providing reports and recommendations to management. * Collaborate with internal teams, including finance and compliance, to streamline contracting and commission processes. * Serve as a point of contact for producers regarding contract inquiries and commission-related issues. Skills: The required skills for this role include strong analytical abilities, which are essential for reviewing commission data and identifying discrepancies. Attention to detail is crucial, as the specialist will be responsible for ensuring that all contracts and commission payments are accurate and compliant. Effective communication skills are necessary for collaborating with internal teams and addressing producer inquiries. Proficiency in software tools related to contract management will enhance the efficiency of daily tasks. Preferred skills, such as knowledge of regulatory requirements, will further support the specialist in maintaining compliance and optimizing processes. Hybrid Work Model At our Canton location, employees will be on site Monday - Thursday. At our Omaha location, employees will be on site 2 days per week. Boston Mutual is an equal opportunity employer, and does not discriminate on the basis of race, color, age, religious creed, national origin, ancestry, sex, sexual orientation, gender identity, genetic information, disability, military service, veteran status, family status, pregnancy, or any other characteristic protected by federal or state laws. Boston Mutual is a drug-free workplace. #LI-Hybrid

Responsibilities

The Producer Contracting & Commissions Specialist is responsible for reviewing and processing producer contracts, managing commission structures, and ensuring timely payments to producers. This role also involves analyzing commission data and collaborating with various departments to enhance efficiency in contracting and commission systems.