Lead Commission Specialist

StoneX Group Inc.; Bengaluru; On-site; INR 900,000 - 1,300,000; Full time

Job summary

StoneX Group Inc. Bengaluru is seeking a commissions specialist to manage monthly payout calculations for multiple groups using Xactly and Excel, ensuring accuracy, timeliness and auditable reporting across external Introducing Brokers and internal Producers.

You will interpret IB deals and Producer contracts to design precise calculations in Xactly, assist with system upgrades and integrations, and collaborate with payroll, GL and finance teams to post accruals.

Qualifications

• 5 to 7 years work experience in Commissions or other Accounting/Finance function.
• Bachelor's degree in finance or accounting 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.

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.

Skills

Excel

Oracle

Xactly

Attention to detail

Time management

Team player

Finance/Accounting

Education

Bachelor's degree in finance or accounting

Tools

Excel

Oracle

Xactly

Job description

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 skillsExcellent problem-solving skills
• Ability to work in a team environment and maintain a positive attitude