Commissions Manager Job Listing at Medical Mutual in Chicago, IL (Job ID 2400298)

Description

Job Summary:

This position will manage the comprehensive end-to-end processing of commission plans and sales incentive payment calculation for all commissionable positions. Plans, manages, and executes the development and maintenance of processes to calculate and pay commissions and incentives to brokers and internal sales personnel.  Administers commission and incentive plans in compliance with corporate policy and legal specifications.  Communicates with sales leadership about details of sales, commissions, and bonus payments.  Ensures the timely and accurate reporting of all related transactions.  This position will collaborate with product, and sales/services, finance, and human resources leadership to ensure operational alignment.  This is a Hybrid position in Chicago, Illinois.

Essential Functions:

·         Manages, and directs staff and third-party vendor responsible for paying agents, brokers and internal sales staff; mentors staff to develop functional and critical thinking skills; reviews and revises departmental processes as situations warrant.

·         Ensures accurate and timely payment of commission, overrides, bonuses, and incentives that are compliant with regulations and contracts; resolves escalated issues regarding payments, contractual obligations and other matters that develop.

·         Provides direction to internal resources and third-party vendor regarding system maintenance and development requirements.    

·         Ensures accurate and timely commission and incentive financial statement information, analyses of variations from forecasted and prior period results. Leads completion of commission or sales incentive audits.

·         Documents requirements to make appropriate updates in commission system as new compensation plans are approved or existing programs are modified. Identifies process improvement opportunities and leads projects to implement recommended enhancements.

·         Helps analyze payment data; provides key guidance on administering capabilities of system when new plans or plan changes are proposed

·         Ad-hoc projects; other functions

Qualifications:

·         Bachelor's Degree in Accounting, Business Administration, or related field

·         8 years progressively responsible experience in a finance area of which 3 years are of a lead supervisory role.

·         4 years experience with commission or incentive payment systems or relevant experience in a finance operational area preferred.

·         Certified Public Accountant (CPA) preferred.

·         Proven experience implementing and coordination of accounting objectives/procedures with senior management.

·         Intermediate MS Office Skills

·         Information systems knowledge as acquired through education or experience.

Medical Mutual is looking to grow our team! We truly value and respect the talents and abilities of all of our employees. That's why we offer an exceptional package that includes:

A Great Place to Work:

• We will provide the equipment you need for this role, including a laptop, monitors, keyboard, mouse and headset.
• Whether you are working remote or in the office, employees have access to on-site fitness centers at many locations, or a gym membership reimbursement when there is no Medical Mutual facility available. Enjoy the use of weights, cardio machines, locker rooms, classes and more.
• On-site cafeteria, serving hot breakfast and lunch, at the Brooklyn, OH headquarters.
• Discounts at many places in and around town, just for being a Medical Mutual team member.
• The opportunity to earn cash rewards for shopping with our customers.
• Business casual attire, including jeans.

Excellent Benefits and Compensation:

• Employee bonus program.
• 401(k) with company match up to 4% and an additional company contribution.
• Health Savings Account with a company matching contribution.
• Excellent medical, dental, vision, life and disability insurance — insurance is what we do best, and we make affordable coverage for our team a priority.
• Access to an Employee Assistance Program, which includes professional counseling, personal and professional coaching, self-help resources and assistance with work/life benefits.
• Company holidays and up to 16 PTO days during the first year of employment with options to carry over unused PTO time.
• After 120 days of service, parental leave for eligible employees who become parents through maternity, paternity or adoption.

An Investment in You:

• Career development programs and classes.
• Mentoring and coaching to help you advance in your career.
• Tuition reimbursement up to $5,250 per year, the IRS maximum.
• Diverse, inclusive and welcoming culture with Business Resource Groups.

About Medical Mutual:

Medical Mutual's status as a mutual company means we are owned by our policyholders, not stockholders, so we don't answer to Wall Street analysts or pay dividends to investors. Instead, we focus on developing products and services that allow us to better serve our customers and the communities around us.

There's a good chance you already know many of our Medical Mutual customers. As the official insurer of everything you love, we are trusted by businesses and nonprofit organizations throughout Ohio to provide high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement and individual plans. Our plans provide peace of mind to more than 1.2 million Ohioans.

We're not just one of the largest health insurance companies based in Ohio, we're also the longest running. Founded in 1934, we're proud of our rich history with the communities where we live and work.

At Medical Mutual and its family of companies we celebrate differences and are mutually invested in our employees and our community. We are proud to be an Equal Employment Opportunity and Affirmative Action Employer. Qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, veteran status, or disability status.

We maintain a drug-free workplace and perform pre-employment substance abuse and nicotine testing.