Finance Analyst at Modern Woodmen of America

Are you detail-oriented, have strong analytical skills, and passionate about helping others succeed? Join Modern Woodmen of America as a Finance Analyst and play a vital role in managing financial operations related to financial representatives. This is more than a job, it’s a chance to contribute to a mission-driven organization that values service, community, and integrity.

Modern Woodmen of America is one of the nation’s largest fraternal benefit societies, with over $18 billion assets. Fraternals are unique membership organizations that pair the “member-owned” characteristic of a mutual insurance company with the “social mission” characteristic of a service organization. They unite individuals with common bonds, provide a variety of life insurance and investment products, and form one of the nation’s most effective volunteer networks.

Responsibilities:

Advance Calculations & Program Oversight

• Calculate commission advances for field representatives under various financing programs.
• Ensure compliance with program-specific ceilings and limits, such as monthly gross earnings thresholds and per-certificate advance caps.

Field Staff Communication

• Respond to inquiries from field staff regarding financing and contracting matters via phone and email.
• Maintain professional and timely communication with Regional Directors and Managing Partners regarding account statuses.

System Updates & Record Maintenance

• Update financing records across multiple systems.
• Maintain both system-based and manual records, including documents and images related to financed representatives and managers.

Compliance Monitoring & Account Review

• Review financed accounts to ensure compliance with program guidelines.
• Monitor and report on past due charges for financed representatives and managers.

Payment Processing

• Process checks and direct deposits for field representatives, ensuring accuracy and timeliness.

System & Procedure Development

• Collaborate on the development and testing of improved financing systems and procedures.
• Participate in testing new products or changes related to financing.

Reporting & Documentation

• Prepare reports and correspondence as requested by department leadership.
• Assist with onboarding and licensing sections as needed.

What we need:

• High School Diploma required. Associate’s degree preferred in related field.
• Strong attention to detail and organizational skills.
• Excellent written and verbal communication.
• Proficiency in Microsoft Office (Word, Excel, Outlook).
• Ability to manage multiple priorities in a fast-paced environment.

What we offer:

• Pay: The hourly pay for this position is $19.00. The specific rate will depend on the successful candidate’s qualifications and prior experience.
• Work Arrangements: This is a full-time hybrid, hourly position: 37.5 hours per week (7.5 hours per day), Monday- Friday, with flexible start time between 7 a.m.-9 a.m. Hybrid positions work at least three days in office and the remaining days each week working from home.  Employees beginning to work in a new hybrid role will be asked to work on-site (five days a week) during the initial training period which may be up to one year
• Stability: Modern Woodmen has been Modern Since 1883® and exists for our members. We make long-term decisions that provide stability for our employees, financial representatives, and members.
• Respect for personal time: We offer vacation, sick leave and 11 paid holidays. We value your time outside of work and offer careers that blend work and life well.
• Professional growth: Benefit from our commitment to employee development which includes educational offerings to enhance your knowledge of our industry.
• Great culture: We build strong working relationships across our organization through collaborative work and volunteer opportunities.
• A beautiful office: Enjoy a beautiful view! Our home office, located in downtown Rock Island, IL, has a lovely plaza overlooking the Mississippi River.
• On-site Café: Our employees can purchase a variety of breakfast, lunch, and beverage options at Café 1883.
• A thriving local community: Not from the Quad Cities and hesitant to consider relocation? Give it some thought. The Quad Cities offers an idyllic Midwestern lifestyle along the mighty Mississippi and consistently ranks at the top of the list for quality of life and cost of living. It is home to more than our share of artists, festivals, and fun in every season.
• Exceptional benefits: Our comprehensive benefits package is designed to support your health and financial well-being. Benefits include:
  • Company-paid retirement plan
  • Matching 401(k) plan
  • Employee Impact Bonus
  • Medical, Dental and Prescription Drug Insurance. We pay 100% of employees’ health insurance premiums and 50% of employee dependents’ premiums.
  • Group term life insurance.
  • Long-term and short-term disability.
  • Voluntary benefits: vision, flexible savings accounts (FSA), accident insurance

Modern Woodmen is an equal opportunity employer. Modern Woodmen is committed to providing a respectful environment where each person’s diverse opinions, attitudes, attributes, and feelings are respected.