Commission Specialist

Socket.dev; Chicago (IL); On-site; USD 87,679,000 - 97,395,000; Full time

Benefits offered by this job

Incentive programs (cash/equity/commis

Paid vacation and holidays

Sick time

Parental leave and recharge leave

Health benefits (medical/telehealth/d…

401(k) plan

FSAs

Commuter program

Life and disability insurance

Maven support system

Carrot fertility benefits

UrbanSitter network

Employee Assistance Program

Pet insurance

Job summary

Compass is seeking a Commission Specialist to join our Financial Services team in Chicago. You will reconcile and process agent commissions for sales and rental closings, ensuring accuracy and timely completion while collaborating with Finance, Accounting, Product, and Engineering teams.

You will handle payments, deductions, and queries from agents, support monthly close, and contribute to improvements in our real estate transaction system.

Qualifications

• BA or BS degree required.
• Real estate license required.
• 2+ years in accounting or payroll; commissions or sales environment preferred.
• Strong teamwork and deadline management in a fast-paced environment.
• Excellent written and verbal communication.
• Strong quantitative and customer service skills.
• Proficient in Google Suite.
• Attention to detail and solid customer service instincts.
• Comfort with new system rollouts.
• Prior experience in real estate.

Responsibilities

• Issue commission payments to agents, track referrals and deductions.
• Process closed transactions using a real estate transaction system.
• Collaborate with Product & Engineering to improve the system.
• Ensure all commission calculations are correct and compliant with policy.
• Partner with Accounting to research and respond to commission inquiries impacting monthly close.
• Request stop payment on agent commission checks and process corrections.
• Provide support to agents regarding payouts, deductions, and calculations.
• Be prompt in answering correspondence from agents and sales managers.
• Process changes to agent commission splits and generate ad hoc reports.
• Navigate company systems to validate accuracy of calculations and records.

Skills

BA/BS degree

Real estate license

2+ years accounting/payroll

Teamwork

Communication skills

Quantitative skills

Customer service

Google Suite

Attention to detail

System rollouts

Real estate experience

Education

BA or BS degree

Job description

At Compass, our mission is to help everyone find their place in the world. Founded in 2012, we’re revolutionizing the real estate industry with our end-to-end platform that empowers residential real estate agents to deliver exceptional service to seller and buyer clients.

As a Commission Specialist, you will be an integral member of our dynamic and growing Financial Services team. You will assume responsibility for reconciling and processing commissions for sales and rental real estate closings. You will ensure accuracy and timely completion of all commission processing. You will play a critical role in the company's day-to-day operations, interacting daily with agents and the Finance and Accounting teams.

At Compass, You Will:

• Issue commission payments to agents, while tracking referral payments and agent deductions
• Process closed transactions using a real estate transaction system
• Collaborate with the Product & Engineering Team to help us build a better real estate transaction system
• Ensure all commission calculations are correct and compliant with policy
• Partner with the Accounting team to research and respond to commission inquiries impacting the monthly financial statement close
• Request stop payment on agent commission checks and process any corrections and adjustments
• Provide support to agents in response to inquiries regarding commission payouts, deductions, and commission calculations
• Be prompt in answering correspondence from the agents and sales managers
• Process changes to agent commission splits and generate ad hoc agent financial reporting
• Navigate company systems to validate accuracy of commission calculations and records

What We Look For:

• BA or BS degree
• Real estate license
• 2+ years of experience in an accounting or payroll function; commissions or sales environment preferred
• Strong teamwork skills and ability to meet deadlines in a fast-paced environment
• Excellent written and verbal communication skills
• Strong quantitative skills
• Strong customer service skills
• Proficient in Google Suite
• Impeccable attention to detail and solid customer service instincts
• Be comfortable with new system rollouts
• Prior experience in real estate

Compensation: The base pay range for this position is $30.58-$33.99/hr; however, base pay offered may vary depending on job-related knowledge, skills, and experience. Bonuses and restricted stock units may be provided as part of the compensation package, in addition to a full range of benefits. Base pay is based on market location. The minimum wage for the position will always be met.

Perks that You Need to Know About:

Participation in our incentive programs (which may include eligible cash, equity, or commissions). Plus paid vacation, holidays, sick time, parental leave, and recharge leave; medical, tele-health, dental and vision benefits; 401(k) plan; flexible spending accounts (FSAs); commuter program; life and disability insurance; Maven (a support system for new parents); Carrot (fertility benefits); UrbanSitter (caregiver referral network); Employee Assistance Program; and pet insurance.

Do your best work, be your authentic self.

At Compass, we believe that everyone deserves to find their place in the world — a place where they feel like they belong, where they can be their authentic selves, where they can thrive. Our collaborative, energetic culture is grounded in our Compass Entrepreneurship Principles and our commitment to diversity, equity, inclusion, growth and mobility. As an equal opportunity employer, we offer competitive compensation packages, robust benefits and professional growth opportunities aimed at helping to improve our employees' lives and careers.

Notice for California Applicants

Los Angeles County Fair Chance Notice