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Commission Insurance Controller Jobs in Chicago, IL

Controller

Elgin, IL

$100K - $180K/yr

Work directly with a large and active sales team to address commission questions, disputes, and ... Dental insurance. * Vision insurance. * 401(k). * Paid time off. * Tuition reimbursement.

Manage accounting activities related to premiums, claims, commissions, and reinsurance transactions ... the insurance or financial services sector * Strong understanding of U.S. GAAP and statutory ...

Controller

Chicago, IL ยท On-site

$170K - $190K/yr

... disability insurance. To apply to this hybrid role please send your resume to john.sadofsky ... Manage clinical staff and doctor commission program * Analyze company's financial results with ...

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Showing results 1-20

Commission Insurance Controller information

See Chicago, IL salary details

$56.7K

$123.1K

$180.8K

How much do commission insurance controller jobs pay per year?

As of Jul 28, 2026, the average yearly pay for commission insurance controller in Chicago, IL is $123,099.00, according to ZipRecruiter salary data. Most workers in this role earn between $99,900.00 and $142,700.00 per year, depending on experience, location, and employer.

What is the difference between Commission Insurance Controller vs Insurance Underwriter?

AspectCommission Insurance ControllerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in finance, accounting, or related field; certifications like CPCU or ARM are commonUsually holds a bachelor's degree in finance, economics, or related field; professional designations like CPCU or AIC are beneficial
Work EnvironmentWorks within insurance companies managing commissions, financial reporting, and complianceWorks in underwriting departments assessing risk and determining policy terms
Employer & Industry UsageCommonly employed by insurance carriers and brokersEmployed by insurance companies, agencies, and brokers

The Commission Insurance Controller focuses on managing commissions, financial controls, and compliance within insurance firms, while Insurance Underwriters evaluate risks and set policy terms. Both roles require similar credentials and often work within the same industry environment, but their core responsibilities differ significantly.

What type of insurance pays the highest commissions?

In the insurance industry, life insurance and annuities typically offer the highest commissions for agents and controllers. These products often have larger premiums and longer-term policies, resulting in higher commission rates compared to other insurance types like health or property insurance.

Do insurance brokers make money on commission?

Insurance brokers typically earn money through commissions paid by insurance companies for each policy they sell. The commission rate varies depending on the type of insurance and the agreement with the insurer, and brokers often receive ongoing commissions for policy renewals. This commission-based structure is a common way for brokers to generate income in the industry.

What is the average commission for an insurance agent?

The average commission for an insurance agent typically ranges from 10% to 20% of the premium for each policy sold, depending on the type of insurance and the company. Commission structures can vary based on experience, sales volume, and whether the agent is independent or tied to a specific insurer.

How do life insurance brokers get paid with 80% commission?

A Commission Insurance Controller overseeing broker payments would understand that life insurance brokers typically earn commissions based on a percentage of the policy premium, with 80% being unusually high and often representing the initial commission rate. Such high commissions are usually paid upfront and may be shared between the broker and the agency, depending on the compensation structure and contractual agreements. Brokers often receive commissions through insurance carriers or agencies, and these payments are tracked using specialized software or systems to ensure accuracy and compliance.
What are the most commonly searched types of Insurance Controller jobs in Chicago, IL? The most popular types of Insurance Controller jobs in Chicago, IL are:
Assistant Controller - P&C Insurance

Assistant Controller - P&C Insurance

Lost Dutchman Search

West Chicago, IL โ€ข Hybrid

Full-time

Posted 20 days ago


Job description

P&C or Life Insurance Carrier Experience Required โ€“ Assistant Controller

NW Chicago suburb โ€“ Hybrid

Assisting another recruiter on this one. Quick hire! Client provides risk solutions and offers a fast paced, exciting, growth- focused environment.

Client will hire an experienced P&C or life accountant whose career includes a quality educational background and whose insurance accounting career shows upward advancement and growth. This hire should bring a minimum of 5 years of experience in: P&C insurance carrier day-to-day accounting operations, GL, account reconciliations, process improvements, audit support, commission accounting, reinsurance, budget/forecasting, premium loss reports, accruals, prepaid expenses, etc.

Client is in search of someone who will promote financial integrity, meet deadlines and mentor 2 accounting professionals. Will report to VP & Controller on site.

Weโ€™d love to see someone with a special interest in building processes and internal controls.

Jeanine Drahota, Lost Dutchman Search

"Mining for insurance talent, exclusively"