Senior Field Compensation Representative-Ameritas Life Insurance

Job Description

Job Title: Senior Field Compensation Representative

Company: Ameritas Life Insurance

Location: Cincinnati, OH

Pay: $29.31 per hour

AI Pay Analysis: The hourly rate of $29.31 for a “Senior Field Compensation Representative” in Cincinnati, OH, appears to be on the lower side of the spectrum for similar roles. Generally, compensation for this type of position often ranges from approximately $30 to $50 per hour, depending on factors such as experience, education, and specific industry sectors. While Cincinnati’s cost of living is relatively low compared to larger urban centers, the offered rate may not fully align with the competitive benchmarks typically seen in the compensation field, suggesting that candidates might expect or seek higher compensation reflective of their skills and the demands of the role.

Job description:
The Senior Field Compensation Representative plays a pivotal role in delivering exceptional customer service to our field offices, producers, representatives, and other partners, addressing complex inquiries and requests. This position is tasked with ensuring the meticulous and timely completion of both internal and external records, strictly adhering to regulatory guidelines.

At Ameritas, we are committed to our mission of “Fulfilling Life,” which we achieve by empowering individuals to invest in themselves through reliable financial products and guidance. We believe that everyone deserves to be happy, healthy, and financially secure, and we strive to provide valued solutions including individual life and disability insurance, employee benefits, retirement planning, investments, and wealth management services.

Position Location:
– This role offers a hybrid work model, allowing for a combination of in-office and remote work.

Key Responsibilities:
– Engage collaboratively with customers through written and verbal communication to address complex contractual situations.
– Execute required accounting functions pertinent to the business area.
– Maintain and balance suspense accounts as necessary.
– Verify and authorize commissions for new business and renewal processes.
– Generate debt reports utilizing the compensation system.
– Conduct debt comparisons to withhold compensation during commission cycles.
– Attain a comprehensive understanding of various contracts and the corresponding agent compensation structures.
– Analyze, process, and support the onboarding and lifecycle of producers and representatives, including transaction management throughout the contractual period.
– Authorize changes in agent of record requests by evaluating compliance with policies and implementing complex process modifications.
– Maintain compliance with all regulatory requirements.
– Provide training and mentorship to colleagues within the business area.
– Serve as a subject matter expert on relevant projects as needed.
– Perform additional duties as assigned.
– Conduct calculations and analyses for commission adjustments and advances.

Qualifications:
– High School Diploma or GED is required.
– 2-4 years of relevant experience, encompassing accounting and/or customer service roles.
– Prior experience in compensation is advantageous.
– Proficiency in Microsoft Excel, particularly in complex calculations and percentages, is preferred.
– Strong analytical skills and attention to detail are beneficial.

What We Offer:
Join us at Ameritas and engage with a meaningful mission, competitive benefits, and a vibrant workplace culture. Our purpose is to enhance the lives of individuals at every stage. Ameritas provides energizing work challenges, flexible hybrid work arrangements, and ample time for family and community. Our benefits extend beyond the basics, encompassing:

For Your Financial Well-Being:
– 401(k) Retirement Plan with company matching and quarterly contributions.
– Tuition reimbursement and assistance programs.
– Incentive program bonuses.
– Competitive salary structure.

For Your Time:
– Flexible hybrid working conditions.
– Personal time off days, known as Thrive Days.
– Paid time off (PTO).

For Your Health and Wellness:
– Comprehensive health benefits, including medical, dental, and vision coverage.
– Health Savings Account (HSA) with employer contributions.
– Well-being programs that offer financial rewards.
– Employee Assistance Program (EAP).

For Your Professional Development:
– Access to professional and leadership development programs.
– Opportunities to participate in employee resource groups.
– Engagement in the StrengthsFinder Program.

For Community Engagement:
– A matching donations program.
– Paid volunteer time—8 hours each month.

For Family Support:
– Generous paid leave for maternity and paternity.
– Assistance programs for fertility, surrogacy, and adoption.
– Backup care support for children, elders, and pets.

Ameritas is an Equal Opportunity Employer dedicated to fostering an inclusive and diverse workplace. We are committed to ensuring that all individuals can express their authentic selves at work. Our hiring practices are based on qualifications, a positive attitude, and a strong work ethic, irrespective of sex, race, color, national origin, religion, age, disability, veteran status, genetic information, marital status, sexual orientation, gender identity, or any other characteristic protected by law.

The pay range provided reflects a nationwide minimum to maximum, accommodating various potential locations for the role. Final compensation will consider multiple factors, including role specifics, career level, location, skill set, and candidate experience, ensuring equitable pay within our organization. This position is also eligible for our comprehensive benefits package and participation in the Short-Term Incentive Plan, with annual targets defined by the plan.

Ameritas’s commitment to pay transparency emphasizes fairness, equity, and accountability, demonstrating our dedication to equitable compensation practices.

Job Posting Date: Wed, 15 Jan 2025 08:17:21 GMT

Apply now!