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Full-Time

Accounts Payable Clerk

Posted on 7/26/2024

Protective Life

Protective Life

1,001-5,000 employees

Provides financial planning and life insurance services

Financial Services
Fintech

Compensation Overview

$41.6k - $44kAnnually

Entry, Junior

Chesterfield, MO, USA

Category
Bookkeeping
Financial Accounting
Accounting
Requirements
  • High School Diploma or equivalent certification.
  • 1 year of experience in a bookkeeping, audit preparation, Accounts Payable, or equivalent role required.
  • Demonstratable knowledge of Microsoft Office Products.
  • Strong interpersonal communication skills.
Responsibilities
  • Print, sort, and promptly dispatch weekly and monthly commissions and dealer over-remits for APD products.
  • Generate and distribute weekly claim checks.
  • Manage checks needing special handling, such as those with address issues, specific grouping and mailing requirements, expedited delivery, or additional documentation.
  • Administer the 1099 process, including W9 form collection and validation, B-notice compliance, and verification of 1099 backup withholding and reporting details.
  • Reconcile and submit monthly audit reports to ensure year-end 1099 form accuracy.
  • Provide support for Accounts Payable operations within APD and Revolos.
  • Ensure effective communication with internal and external clients via email, messaging, and phone.
  • Undertake extra tasks or special projects to aid the business's goals.

Protective Life provides financial planning and life insurance services aimed at individuals and businesses. The company offers a variety of products, including life insurance policies and retirement planning guides, to help clients secure their financial future. Their services are designed to assist financial advisors, insurance agents, and individual clients in protecting assets and planning for retirement. Protective Life operates through both business-to-business (B2B) and business-to-consumer (B2C) models, partnering with financial professionals while also reaching out directly to clients via their online platform. What sets Protective Life apart from competitors is their focus on excellent customer service and the provision of educational resources, which empower clients and advisors to make informed financial decisions. The company's goal is to help clients achieve financial security through comprehensive solutions and support.

Company Stage

M&A

Total Funding

N/A

Headquarters

Birmingham, Alabama

Founded

1842

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Simplify's Take

What believers are saying

  • Recent acquisitions, such as ShelterPoint, expand Protective Life's service offerings and market reach, potentially leading to significant growth.
  • The launch of new products like the advisory variable universal life product on FireLight demonstrates the company's commitment to innovation and adapting to market needs.
  • The appointment of experienced leaders to the board and executive team, such as Dom Lebel as Chief Risk Officer, strengthens the company's strategic direction and risk management capabilities.

What critics are saying

  • The integration of newly acquired companies like ShelterPoint may present operational challenges and cultural integration issues.
  • The competitive landscape in the financial services and insurance sectors is intense, requiring continuous innovation and differentiation to maintain market position.

What makes Protective Life unique

  • Protective Life's dual B2B and B2C model allows it to effectively reach both financial advisors and individual clients, unlike competitors who may focus on only one segment.
  • The company's strong emphasis on customer service and educational resources sets it apart in the financial services market, providing clients with the tools and knowledge to make informed decisions.
  • Protective Life's integration with platforms like FireLight for digital sales and submission processes enhances its operational efficiency and ease of use for distributors.
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