Commissions Analyst Job Description

Commissions Analyst Job Description

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Commissions analyst provides microsoft Excel, Access and SQL assistance to others in the Administration Team.

Commissions Analyst Duties & Responsibilities

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

Sample responsibilities for this position include:

Administer compensation plan documents in Xactly create/update logics and perform general administration tasks
Own accounting function specific to development of the variable compensation accruals including maintenance of the accrual template and balance sheet reconciliation
Ensure data quality and governance in GAAT (inc maintenance)
Work with in country ops track account level splits
Calculate and maintain rep performance dashboards
Manage and maintain the account lists and assignments in GAAT
Work with the other theatres for alignment and best practice on systems
Calculate and estimate monthly accruals
Create commission plans on annual basis
Facilitates process improvement activities to ensure commission are reported accurately and timely

Commissions Analyst Qualifications

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

Education for Commissions Analyst

Typically a job would require a certain level of education.

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

Skills for Commissions Analyst

Desired skills for commissions analyst include:

Microsoft Excel
SQL and Microsoft Access​
Compensation plan and all account/customer issues
MS Excel
Microsoft Excel and PowerPoint presentation creation
Administration
Benefits plans around the world
Compensation design
Development
Excel

Desired experience for commissions analyst includes:

Ability to communicate effectively with sales reps and other departments
Knowledge of industry information systems
Bachelor’s Degree from a four-year college/university in business or commerce
Assist with Business UAT projects as required
Provide a thorough monthly financial analysis of variable pay, investigate and explain variances for high/low result fluctuations
Communicate complex calculations and analysis in a manner that is easily understandable

Commissions Analyst Examples

1

Commissions Analyst Job Description

Job Description Example
Our company is growing rapidly and is hiring for a commissions 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 commissions analyst
  • Communicate effectively with Team Commissions Managers, Finance Business Partners, and other finance personnel where necessary, Sales teams assigned
  • Agree and settle brokerage fees, tri-party fees and margin interest for different businesses like Collateral Management and Energy
  • Performs reconciliation of billing-related cash breaks in a timely manner including those on custodian accounts
  • Identify, communicate and resolve problems impacting the processing of commissions
  • Maintain commissions system Xactly Incent
  • Scanning Returned mail
  • Faxing in documentation
  • Participating in weekly team meetings
  • Archival Preparation
  • How to work as part of cohesive team working towards a common goal
Qualifications for commissions analyst
  • Bachelors Degree in Mathematics or another business degree with a focus on Information Systems
  • Knowledge of Crystal Reports, SQL, etc is required
  • Bachelors Degree in Mathematics or a similar discipline is required
  • Proven ability to work in autonomy in a team, in a rapidly changing context
  • Demonstrated interpersonal & communication skills a must
  • Knowledge/exposure to an ERP system
2

Commissions Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of commissions analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commissions analyst
  • They will become familiar with products we service (Life/Long-Term Care)
  • Exposure to corporate culture
  • Responsible for all member account maintenance from a commissions perspective
  • Proactively search for possible problems with distributor accounts by locating and analyzing data, resolving the various problems, and implementing the resolutions to ensure a successful compensation payout in all markets
  • Update the commission software application, payroll payment files and accrual files as hires, terminations, and plan changes occur
  • Perform monthly and quarterly close activities related to commissions, including preparing monthly expense accrual entries, reconciling the accrued commission balance, reconciling payroll payments, and supporting internal and external audits
  • Lead day-to-day operations of the APAC Commissions process
  • Ensure accuracy and timeliness of all submissions provided to payroll
  • Drive effective internal/external relationships with sales, sales operations, HR and Payroll, and Finance
  • Ensure adherence to company policies and guidelines
Qualifications for commissions analyst
  • Self-starter with the ability to work independently and/or within a team to meet required deadlines
  • 3-4 Year Undergraduate Degree from a university in business or commerce or other analytical fields
  • Autonomously develop, propose, implement and maintain International process and procedures
  • Representing key stakeholders and systems
  • Create, automate and maintain periodic reports/dashboards
  • Business/Rep performance metrics
3

Commissions Analyst Job Description

Job Description Example
Our company is looking to fill the role of commissions analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commissions analyst
  • Provide support for Xactly implementation as required
  • Handle daily system updates that include participant management, user/account level exceptions, role changes
  • Enhance and improve our processes and functions by developing a deeper understanding of the function and becoming a technical expert
  • Help build out the team, ensuring that we use best practice in what we do at all times
  • Use your inquisitive mindset to identify control weaknesses and recommend robust solutions
  • Synthesizing large amounts of data into concise, actionable messaging and reporting
  • Proactively monitoring sales data looking for trends, anomalies, and other insights
  • Analyzing revenue results and providing explanations for variances to forecasts
  • General day-to-day support of sales staff and management
  • Studying and learning industry news and trends and incorporating these into the business forecasts
Qualifications for commissions analyst
  • Previous experience with Performance Plus, wmA and/or other distribution systems preferred
  • Accounting Industry Knowledge-Experienced-2
  • Onshore required due to client interfacing and client requirement of approval of work to move offshore
  • In this position you will work closely with sales operations and finance teams
  • The role requires exceptional analytical and problem solving skills
  • Callidus setup and maintenance
4

Commissions Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of commissions analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for commissions analyst
  • Work with Sales/Service management and Compensation Committee to develop new and modify existing commission plans
  • Support Quota Setting by taking the final budget and working with the senior management for each product group to finalize quotas for all sales personnel
  • Participate in the roll out of compensation plans to the sales force, preparing supporting documentation
  • Lead the Issue-to-Resolution processes
  • Calculate monthly commissions accrual for domestic and international sales organizations
  • Responsible for Commissions compliance and documentation
  • Responsible for the integrity of the sales commissions data
  • Maintain policies, procedures and controls for compensation & commissions and ensure that they are updated on a timely basis
  • Ability to work cross functionally and effectively interact with other departments
  • Track commission plans and bonus programs
Qualifications for commissions analyst
  • Plan Decoder
  • Manual Entries
  • Governance and Discretionary Spending
  • Bonus and Accruals Management
  • Callidus Accrual
  • Prepare quarterly forecasts and monthly updates
5

Commissions Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of commissions 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 commissions analyst
  • Communicate with the sales force regarding inquiry and payments
  • Research and resolve questions raised by sales management regarding payments, commissions and bonus plans
  • Provides ad-hoc compensation and commission analysis, modeling of proposed compensation plans and reporting as required
  • Drive process improvements within commissions processing
  • Manage all communications related to commission calculations
  • Calculate and audit monthly performance bonuses
  • Daily auditing of account level data of new enrollments and ensuring that accounts are properly created
  • Document the Commission payment and e-wallet management process through a third party payment vendor
  • Work with IT and PMO to investigate Commissions issues and ensure resolutions are delivered in an accurate and in a timely manner
  • Manage e-wallet account activity
Qualifications for commissions analyst
  • Develop, evaluate and implement commissions models, field incentive pay variables, and strategies to ensure they continue to meet business and needs
  • Support Sales with the construction of the commission plan and interpretation of actual versus plan results
  • Prepare internal reporting to support monthly and quarterly close process
  • Knowledge of Technology or Software industry preferred
  • Ability to create presentations, process documentation training materials, policies and procedures
  • Certified Compensation Professional (CCP®) or Certified Sales Compensation Professional™ (CSCP™) a strong plus

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