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

Destin, 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

View

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 firm grows through both acquiring other companies and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Unlike many competitors, Foundation Risk Partners emphasizes a strategic growth approach that aligns with their values and cultural fit, allowing them to better serve their clients. The primary goal of the company is to achieve new levels of success for their partners while delivering exceptional results for their clients.

Company Stage

Debt Financing

Total Funding

$2M

Headquarters

Daytona Beach, Florida

Founded

2017

Growth & Insights
Headcount

6 month growth

9%

1 year growth

13%

2 year growth

30%
Simplify Jobs

Simplify's Take

What believers are saying

  • The company is adopting advanced analytics and AI to improve customer experience.
  • Foundation Risk Partners is expanding its presence with new offices in Baldwin, New York.
  • The firm is positioned to capitalize on the trend towards personalized insurance products.

What critics are saying

  • Increased competition from digital insurance platforms threatens traditional brokerage models.
  • Direct-to-consumer insurance models may reduce demand for brokerage services.
  • Economic downturns could impact revenue growth for Foundation Risk Partners.

What makes Foundation Risk Partners unique

  • Foundation Risk Partners leverages decades of insurance expertise and leadership.
  • The company focuses on a strategic mix of industry expertise and cultural fit.
  • Foundation Risk Partners is expanding through both acquisition and organic growth.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE