Commissions Accounting Specialist
Guarantee Trust Life Insurance Company, Glenview, IL, United States
Commissions Accounting Specialist
Guarantee Trust Life Insurance Company (GTL) is currently seeking a Commissions Accounting Specialist to join our team! Since 1936, GTL has offered cutting-edge insurance solutions and personalized service for our policyholders and distributors, while supporting personal growth and civic involvement from our employees. We're seeking candidates who are looking for meaningful work, who want to invest in their growth, and contribute to a company built on timeless virtues and best business practices. This position is required to work on-site in our Chicagoland (Glenview, IL) office most days. Everyone receives 3 flexible remote days per month and 6 additional Friday PTO days each year! And, we offer half-day Fridays
every Friday! This role, which reports to the Accounting Supervisor, is responsible for assisting with the monthly reconciliation and payment to agents for weekly new business and monthly renewals. This position also assists with weekly accounts payable and assistance with the monthly financial statements. Key Responsibilities: Reconcile monthly carrier payments in the commissions system to ensure accurate and timely payment to agents and prepare lapse and advance reports. Prepare 1099's and 1099C's. Reconcile bank accounts by gathering and balancing information. Process weekly accounts payable vouchers. Prepare various journal entries. Provide Management with financial information, analyze accounts and prepare monthly financial statements. Assist in other special projects as needed. Qualified candidates must have the following: Associate degree in Accounting or Finance, or equivalent experience; Bachelor's degree preferred. Minimum of 1 year of experience in Accounting or Finance. Intermediate knowledge of Microsoft Excel and Word. Knowledge of insurance industry preferred. Strong customer service and problem-solving skills. Demonstrated initiative and positive can-do attitude. Proven problem-solving and analytical skills. Excellent verbal and written communication skills. The pay range provided is not a guarantee of compensation. The range reflects potential pay for the job grade for this role at the time of this posting. Compensation will depend on several factors such as specific competencies, relevant education and experience, qualifications, and industry certifications. Compensation ranges are subject to change and may be higher or lower than the range described above. Provided eligibility requirements are met employees will be eligible for the following benefits: Medical Health Savings Account (including employer contribution) Dental Vision Basic Life Insurance (full premium paid by employer) Voluntary Employee, Spouse and Child Life Insurance Short-Term and Long-Term Disability Paid Holidays Paid time off including vacation, personal days, and sick time. The amount of time off varies based on tenure and hours worked. 401(k) and Profit-Sharing retirement plan. The company matches contributions up to 2% provided the employee contributes a minimum of 3%. The company may make a discretionary contribution to the Profit-Sharing plan. EOE m/f/d/v
Guarantee Trust Life Insurance Company (GTL) is currently seeking a Commissions Accounting Specialist to join our team! Since 1936, GTL has offered cutting-edge insurance solutions and personalized service for our policyholders and distributors, while supporting personal growth and civic involvement from our employees. We're seeking candidates who are looking for meaningful work, who want to invest in their growth, and contribute to a company built on timeless virtues and best business practices. This position is required to work on-site in our Chicagoland (Glenview, IL) office most days. Everyone receives 3 flexible remote days per month and 6 additional Friday PTO days each year! And, we offer half-day Fridays
every Friday! This role, which reports to the Accounting Supervisor, is responsible for assisting with the monthly reconciliation and payment to agents for weekly new business and monthly renewals. This position also assists with weekly accounts payable and assistance with the monthly financial statements. Key Responsibilities: Reconcile monthly carrier payments in the commissions system to ensure accurate and timely payment to agents and prepare lapse and advance reports. Prepare 1099's and 1099C's. Reconcile bank accounts by gathering and balancing information. Process weekly accounts payable vouchers. Prepare various journal entries. Provide Management with financial information, analyze accounts and prepare monthly financial statements. Assist in other special projects as needed. Qualified candidates must have the following: Associate degree in Accounting or Finance, or equivalent experience; Bachelor's degree preferred. Minimum of 1 year of experience in Accounting or Finance. Intermediate knowledge of Microsoft Excel and Word. Knowledge of insurance industry preferred. Strong customer service and problem-solving skills. Demonstrated initiative and positive can-do attitude. Proven problem-solving and analytical skills. Excellent verbal and written communication skills. The pay range provided is not a guarantee of compensation. The range reflects potential pay for the job grade for this role at the time of this posting. Compensation will depend on several factors such as specific competencies, relevant education and experience, qualifications, and industry certifications. Compensation ranges are subject to change and may be higher or lower than the range described above. Provided eligibility requirements are met employees will be eligible for the following benefits: Medical Health Savings Account (including employer contribution) Dental Vision Basic Life Insurance (full premium paid by employer) Voluntary Employee, Spouse and Child Life Insurance Short-Term and Long-Term Disability Paid Holidays Paid time off including vacation, personal days, and sick time. The amount of time off varies based on tenure and hours worked. 401(k) and Profit-Sharing retirement plan. The company matches contributions up to 2% provided the employee contributes a minimum of 3%. The company may make a discretionary contribution to the Profit-Sharing plan. EOE m/f/d/v