Bachelor's Degree, 3 – 5+ years of relevant, professional work experience, Experience in calculating and processing commission payments, Strong attention to detail and analytical skills..
Key responsibilities:
Ensure accurate and timely monthly broker commission payments
Coordinate with the CTS Broker Operations team for licensing notifications
Respond to inquiries from internal colleagues and external brokers
Identify and analyze issues related to commission processing.
Report This Job
Help us maintain the quality of our job listings. If you find any issues with this job post, please let us know.
Select the reason you're reporting this job:
EmblemHealth is one of America’s largest not-for-profit health insurers, serving more than three million people in the New York tristate area. With an 85-year legacy of serving New York communities, EmblemHealth offers a full range of commercial and government-sponsored health plans to employers, individuals, and families. We started back in the 1930s, at the height of the Great Depression. Out of hard times, the idea of health insurance was born — a system that would protect everyday people from financial misfortune if they had an accident or illness. Two companies from those early days of health insurance, Group Health Incorporated (GHI) and Health Insurance Plan of Greater New York (HIP), would later merge and become EmblemHealth. And after 85 years, our purpose as a not-for-profit is still the same — to provide quality, affordable health insurance for New Yorkers and their families. The EmblemHealth family of companies provides insurance plans, primary and specialty care, and wellness solutions. The family of companies covers the whole health journey, starting with affordable coverage through EmblemHealth, and ConnectiCare, a leading health plan in Connecticut. The family of companies also includes the AdvantageCare Physicians medical practice, and WellSpark Health, a barrier-breaking digital wellness company. As a family of companies with deep community roots, EmblemHealth Neighborhood Care and ConnectiCare Centers offer free wellness and community resources. Together, the family of companies creates healthier futures for customers and communities. We think of ourselves as an 85-year-old start-up — big enough to offer the stability and benefits of a major corporation, with a ferocious commitment to innovation, collaboration, and flexibility. We believe in what we’re doing. And we’re looking for passionate people to join us.
Perform analyses and calculations to produce accurate and timely broker and internal sales reps’ commission results. Utilize various systems and data sources to gather, interpret, analyze, and synthesize data for calculations. Ensure brokers are properly licensed and appointed to sell in the NY markets; monitor internal staff that require a valid license. Provide analysis to support compensation business decisions. Support department on special projects/tasks specific to departmental needs.
Responsibilities
Ensure accurate and timely monthly broker commission payments: review and maintain Facets commission modules with correct commission plan schedules, group and broker affiliations.
Coordinate with the CTS Broker Operations to team to ensure monthly notifications to the external broker community regarding licensing and NYSOH certifications are sent.
Collaborate with the CTS Broker Operations and CTS IT teams to ensure monthly commissions remain on schedule to meet the department’s SLA.
Enroll external brokers in Electronic Funds Transfer via PNC.
Maintain Internal Sales Reps NYS licenses.
Respond to inquiries in a timely manner from internal colleagues and external brokers regarding commission and licensing, or portal questions.
Identify and analyze potential and actual issues and impediments to producing accurate commissions; review processes, procedures, sources, and systems to locate shortcomings; provide recommendations for improvements.
Coordinate resolutions; implement solutions; review results to ensure successful corrections/improvements.
Communicate with new and existing brokers to obtain documents to process broker appointments to ensure brokers are properly licensed and appointed to sell NY products.
Monitor the license and appointment statuses on the NY Dept. of Financial Services website for external brokers.
Review broker affiliation request and forward to the CTS Broker Operations team for processing.
Support daily functions of broker operations.
Perform other tasks as directed or required.
Qualifications
Bachelor's Degree
3 – 5+ years of relevant, professional work experience (Required)
Experience in calculating and processing commission payments (Required)
Additional experience or specialized training may be considered in lieu of educational requirements (Required)
Strong attention to detail; critical thinking, analytical and problem-solving skills (Required)
Proven ability to absorb and interpret information and data, and to convey ideas and concepts to resolve issues (Required)
Strong communication skills - verbal, written, presentation, interpersonal (Required)
Proven ability to meet strict deadlines (Required)
Proficient with MS Office - Word, Excel, Access, Outlook, and information systems/software (Required)
Additional Information
Requisition ID: 1000002420
Hiring Range: $56,160-$99,360
Required profile
Experience
Industry :
Insurance
Spoken language(s):
English
Check out the description to know which languages are mandatory.