Commission Analyst Job Description

Commission Analyst Job Description

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Commission analyst provides automation of financial, audit and operational processes using Excel VBA/Access/VBA/Microsoft SSRS and SQL queries.

Commission Analyst Duties & Responsibilities

To write an effective commission analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included commission analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Coordinate with external parties and internal departments, including Customer Care, Contract Administration, Legal, Billing, Transaction Management, Data Management and Sales to identify and resolve issues related to commission discrepancies and minimize negative impacts to business operations
Collaborate with business partners in Sales Operations, Human Resource, Finance, and Payroll to drive on-going process refinement to improve the accuracy and efficiency of accruals, payout calculations and reporting
Ensure seamless onboarding for new client csa relationships
Facilitate the negotiation and implementation of client rate change requests
Analyse and report on client profitability
Managethe allocation and reporting of client research payments to GS
Analyse and report on key performance trends in broker vote rankings
Work with legal and compliance to design and structure legal structure to support client agreements
Oversee operational support for clients' csa account reconciliations and payments in a timely manner and ensure our account balances are agreed with each client
Is a part of on-going process improvement and change within the team and upstream with other departments that improve the efficiency and accuracy of sales reporting and variable pay calculations

Commission Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Commission Analyst

List any licenses or certifications required by the position: CFA, CVA, CFP, CPA, ITIL

Education for Commission Analyst

Typically a job would require a certain level of education.

Employers hiring for the commission analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Education, Economics, Business/Administration, Public Policy, Engineering, Associates, Statistics

Skills for Commission Analyst

Desired skills for commission analyst include:

Microsoft Excel
BI tools and SalesForce.com is highly desirable
SAAS Channel Operations
SQL
VBA
Oracle applications
SAP
Access
Business
Compensation function

Desired experience for commission analyst includes:

Ability to breakdown complex concepts in relation to soft dollar and commission sharing to sales and trading coverage
Some client relationship management experience with hedge funds or real money managers gained through internships or work experience
Extensive use of PowerPoint and Excel
Minimum of 3-5 years of experience in relevant field, with emphasis in accounting or corporate finance
Must be able to work in a fast paced, highly collaborative environment
Experience in client services - to strive to deliver on client needs and expectations

Commission Analyst Examples

1

Commission Analyst Job Description

Job Description Example
Our company is hiring for a commission analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commission analyst
  • Will support system enhancement by participating in User Acceptance Testing as GCO representative
  • Role involves close partnership and interaction with a wide range of internal stakeholders
  • Primary focus will be on everyday risk management in mitigating operational, financial and reputational risk
  • Oversight of all activity in Institutional customer accounts protecting the firm’s reputation and exposure
  • Maintain accurate books and records through daily reconciliation of stock and cash positions
  • Key focus on balance sheet substantiation, customer statement validation, regulatory reporting and inter-company reconciliation
  • Serve as point of escalation for the team and help manage issues effectively
  • Partner with Technology on the development and enhancement of process and system
  • Mentor, coach and guide the team and play an active role in managing career development on an individual basis
  • Assist Client Managers in setting up and properly maintaining clients / policies, and provide periodic training on our systems (Epic)
Qualifications for commission analyst
  • Excellent written and verbal communication skills, especially over the telephone
  • Experience in and knowledge of investment markets, issues and regulations
  • Strong attention to detail and a focus on high quality
  • Must have excellent written and verbal communications skills in English, able to communicate to all levels of employees and management
  • Must be quality oriented- accuracy is critical to success, understands how and when to self audit and validate results
  • Must be customer service oriented, and willingness to help sales reps and management (at all levels) understand and resolve commissions issues
2

Commission Analyst Job Description

Job Description Example
Our company is looking to fill the role of commission analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commission analyst
  • Create new Roles within Organization ? Develop Business Intelligence capabilities that would identify risk derived from the correlation of quantitative and qualitative data
  • Provide monthly Reports to all team members and assist them with identifying potential missing / late commissions
  • Monitor all open Epic activities and work with the entire HCP team onshore and offshore to get all of their open activities addressed and closed
  • Work with the Regional Finance Officer and the National Accounting Center quarterly to ensure that all of our anticipated commission amounts per policy are entered accurately and that we have all anticipated commissions that renewed reported
  • Monitor, analyze and resolve work queue items to ensure payments are available for approval prior to payment due date
  • Generate custom reporting through both standard and non-standard user interfaces
  • Exercise independent judgment to investigate and resolve issues related to third party payments
  • Initiate and foster collaboration with Analyst team members to ensure seamless customer support and knowledge transfer
  • Professionally represent Constellation in handling and resolving third party issues related to payments
  • Perform responsibilities in compliance with all key company controls (Sarbanes-Oxley)
Qualifications for commission analyst
  • Applicant should have flexibility, an open mind, a strong willingness to learn and improve processes
  • Because we are a global team, the applicant must be willing to sometimes attend meetings and support processes which occur in other time zones
  • Relevant experience in an operational management position or similar role with a proven track record for managing multiple teams, process, functions and driving change
  • Strong influencing skills essential
  • Highly organized individual with attention to detail and excellent ability to execute on deliverables
  • Leader who works effectively in a team setting and is creative about providing innovative solutions (new process, technology and approach)
3

Commission Analyst Job Description

Job Description Example
Our company is searching for experienced candidates for the position of commission analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commission analyst
  • Escalating any issues to the team leader
  • Demonstrate regular use of judgement and discretion to solve problems and/or resolve issues that may arise
  • Explain and provide analytics relevant to actual vs
  • Reconcile International Referral Fee payable activity
  • Flexible and hard working approach with a high level of accuracy
  • Able to work with strict deadlines throughout the day
  • Able to display insight and identify issues and help to develop successful solutions
  • Expected to develop credibility, good reputation and demonstrate integrity with clients and colleagues
  • Manage team of 3 Commission Analyst
  • Monitor deficit broker balances, obtain collection status from branch personnel and coordinate the collection of deficit balances with the Accounts Receivable Department
Qualifications for commission analyst
  • Work experience performing commission calculations or related experience
  • A minimum of 2 years of strong analytical skills is required
  • Advanced Excel skills (macro creation, look ups, uploads, downloads, ) are required
  • Strong familiarity and use of Excel and PowerPoint is required
  • Experience with Hyperion Essbase and Planning and PeopleSoft Financials is a plus
  • 3-5 years working experience in commission compensation or similar role
4

Commission Analyst Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of commission analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for commission analyst
  • Conduct daily audit of airline tickets to confirm accurateness
  • Maintain a personal audit log to capture completed audits and track any errors identified
  • Be proficient with the airline contracts and rule regulations to recognize any internal and external system issues, report to the appropriate teams, and assist with finding a resolution
  • Submit daily ticket updates to vendor by our deadline and assist with any inquiries from the vendor
  • Risk Management ? Manage the risk of multiple functions that span the life cycle of a vendor payment
  • Strategy ? Providing thought leadership to execute on and grow the CCM strategy
  • Enhance the dealer payment process
  • Analyse the commission data and initiate projects to improve data quality and processes
  • Support new initiatives and systems
  • Handle dealer queries (mail, telephone and face-to-face)
Qualifications for commission analyst
  • B.Com / MBA or required, preferably in Finance related field
  • Basic degree/qualification in Economics or Finance
  • At least 3 years of experience in the fund industry, with prior experience in a similar role being a requirement
  • Strong English, with at least one additional European language
  • Prior experience in a rebate calculation system would be an asset
  • Collaborative, team player, and proactive
5

Commission Analyst Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of commission analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for commission analyst
  • Handle and analyse the claw backs
  • Create and adjust dealer codes
  • Participate in local meetings (video conference or face-to-face) to ensure data quality and support new initiatives
  • Transfer invoices and credit notes received via e-mail to verify with the usage of the collector
  • Manage financial agreements and trading and research relationships with external brokers and vendors
  • Responsible for the implementation and ongoing maintenance of research/commission management systems
  • Develop communications and processes for valuing research, client reporting, RFP questionnaires and regulatory requests
  • Provide regular updates to Trading Desks as to the progress of the commission budget, at the team and strategy level
  • Setting up and maintaining client/distributor payment records
  • Reviewing holdings, gross fees and commission accruals on a monthly basis
Qualifications for commission analyst
  • Analytical and highly numerate, able to grasp data relationships and turn them into business intelligence information
  • Self-starter, and fast learner who can implement process changes
  • Self-motivated, enthusiastic, and emotionally resilient
  • Service orientated with strong communication skills
  • Highly organised with the ability to work independently
  • Ability to interpret and audit complex airline contract terms and ticketing requirements

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