Commissions Team Lead
Commissions Team Lead
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The Commissions Team Lead is responsible for overseeing the daily operations of the commissions accounting team. This role ensures accurate and timely commission payments coaches team members and collaborates with internal departments to maintain and analyze commission-related data. The ideal candidate has a strong accounting background excellent analytical skills and proven leadership capabilities. *Candidate must have Series 99 Certification.*
Key Responsibilities:
- Accurately compute and process commission payouts in accordance with established guidelines and metrics.
- Review sales data and resolve discrepancies in commission calculations.
- Maintain comprehensive and accurate records of commission transactions and agreements.
- Update and monitor commission tracking systems ensuring data accuracy and integrity.
- Provide clarification on commission structures and answer related inquiries.
- Generate detailed customized reports to analyze sales performance and commission expenditures.
- Ensure compliance with internal policies and accounting standards in all commission-related transactions.
- Coordinate with internal and external auditors on commission-related matters.
- Manage the quarterly accrual process for mutual fund and annuity trails.
- Assist in setting up and reviewing financial advisors involved in business transition plans.
- Lead and coach junior commission accountants offering support reviewing work and advising on policies and procedures.
- Collaborate with senior managers to oversee team workflow and assign responsibilities.
- Perform complex accounting functions including journal entries reconciliations and documentation for commission payments.
- Serve as a backup to senior commission management staff as needed.
- Bachelors degree in Accounting Finance or a related field (or equivalent experience).
- 5 years of relevant accounting or commissions experience.
- Proven ability to create manage and analyze large datasets using spreadsheets and databases.
- Strong time management skills with the ability to prioritize tasks and meet deadlines.
- Effective verbal and written communication skills.
- Ability to work cross-functionally with various teams and stakeholders at all levels.
- Proficiency in Microsoft 365 especially Excel (including pivot tables VLOOKUPs and formulas).
- Must hold the SIE (Securities Industry Essentials) and Series 99 Operations Professional Exam certifications prior to hire.
- Familiarity with SQL is a plus.
- Customer service experience and professional communication skills (phone and email) are strongly preferred.
Employment Type
Full-Time
