Lead Commission Specialist

Overview

Position Purpose:     Perform commissions and bonus calculations as well as ensure accuracy and quality in the processes and reporting.

Responsibilities

Primary Accountabilities/Responsibilities: 

• Prepare and review monthly commission/bonus payout calculations for multiple groups including external Introducing Brokers and internal Producers utilizing the Xactly Incent System as well as Excel when required.
• Understand IB deals and Producer employment contracts to design in Xactly accurately the calculations and sources needed.
• Assist with system upgrades, integrations and consolidation.
• Crosstrain when required to be a cohesive team member.
• Prepare GL entries to post variable compensation accruals and other entries into Oracle.
• Adhere to deadlines and communicate effectively whenever that is not possible.
• Respond efficiently to our IB’s and Producers on any questions or disputes.
• Provide management reporting and respond to questions.
• Meet payroll and accounts payable deadlines to ensure timely payments.
• Reconcile the commissions/bonuses payment processing and communicate differences found.
• Cooperate with other departments when required.
• Review Dashboards and Reporting required for each user as necessary.
• Assist with Xactly updates and regression testing.
• Train and participate in development of Self and Commissions Team.
• Complete all mandatory training assigned by the company.
• Participates in developing enhanced reporting and effectiveness of the Commissions Department.
• This list of responsibilities may not be all-inclusive and can be expanded to include other duties or responsibilities as needed.

Qualifications

Job Requirements:

• 5 to 7 years work experience in Commissions or other Accounting/Finance function
• Bachelor’s degree in finance or accounting is preferred
• Proficient in Excel is a must
• Proficient in Oracle is preferred
• Proficient in Xactly is a plus

• Strong work ethic with emphasis on organization and attention to details
• Must be able to meet deadlines
• Maintains prompt and regular attendance
• Accurate and efficient data entry skills
• Excellent problem-solving skills
• Ability to work in a team environment and maintain a positive attitude