Full-Time

Insurance Commissions Processor

Posted on 8/7/2024

Foundation Risk Partners

Foundation Risk Partners

201-500 employees

Insurance brokerage and consulting services

Consulting
Financial Services

Entry, Junior

Miami, FL, USA

Category
Insurance
Finance & Banking
Required Skills
Word/Pages/Docs
Salesforce
Excel/Numbers/Sheets
Requirements
  • Ability to read and interpret documents such as commission statements and other insurance related documents.
  • Effective communicator (written and verbal)
  • Strong organizational skills
  • Ability to develop strong relationships, both with carriers and with the FRP Team
  • Strong detail orientation and follow up skills
  • Strong technical documentation skills
  • Ability to adhere to process requirements
  • Proficient in MS Word, MS Excel
  • Working knowledge of Applied Epic, ASM360 and Salesforce or other agency management platforms a plus
  • Insurance industry experience preferred
Responsibilities
  • Process Direct Bill (DB) commissions through the Applied Epic and Comulate systems.
  • Ability to locate and download carrier statements
  • Record cash receipts
  • Process commissions through ERP and third party systems.
  • Coordinate with the DB team lead and operations management for triage of open items during the commission processing process.
  • Responsible for transacting approximately 10,000 transactions per month, once fully training within 3 to 5 months.
  • Knowledge of appropriate workflows throughout the DB process to ensure proper financial statement presentation.
Foundation Risk Partners

Foundation Risk Partners

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Foundation Risk Partners operates as an insurance brokerage and consulting firm, focusing on providing tailored insurance solutions and expert advice to clients across the United States. The company grows by acquiring other firms and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Their approach combines expertise in various sectors with a commitment to cultural alignment and shared values. Unlike many competitors, Foundation Risk Partners emphasizes a collaborative relationship with clients, aiming to achieve exceptional outcomes and drive success for their partners.

Company Stage

Debt Financing

Total Funding

$2M

Headquarters

Daytona Beach, Florida

Founded

2017

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-5%

2 year growth

-5%
Simplify Jobs

Simplify's Take

What believers are saying

  • AI solutions have decreased cycle times by up to 90% for certain activities.
  • Prospect conversion rates have increased by up to 50% due to AI adoption.
  • Expansion into Baldwin, New York, offers new market opportunities.

What critics are saying

  • Over-reliance on AI could cause disruptions if technical issues arise.
  • Expansion into new regions may pose compliance and operational challenges.
  • Leadership changes might lead to strategic shifts affecting company stability.

What makes Foundation Risk Partners unique

  • Foundation Risk Partners leverages AI to enhance risk analysis accuracy and speed.
  • The company focuses on a strategic mix of industry expertise and cultural fit.
  • Foundation Risk Partners is rapidly expanding through acquisitions and organic growth.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Holidays

Paid Vacation

INACTIVE