Commissions Analyst Broker Dealer Experience

PRI Technology; Holmdel Township (NJ); On-site; USD 26,139 - 37,229; Full time

Job summary

A major financial firm is seeking a Commissions Analyst for a remote position based in Holmdel Township, NJ. The ideal candidate should have 5-10 years of experience in financial services, particularly in Broker Dealer firms, and strong MS Excel skills. Responsibilities include managing financial representatives' compensation, ensuring accurate payment based on contracts, and addressing commission-related inquiries. This role requires effective communication and problem-solving abilities. Candidates must be eligible to work in the United States and live near one of the firm's office locations.

Qualifications

• Strong understanding of financial compensation processes.
• Ability to interpret producer contracts and compensation schedules.
• Excellent customer service skills.

Responsibilities

• Manage compensation for various financial representatives.
• Process commission assignments adhering to legal requirements.
• Provide confidential compensation information to internal departments.

Skills

Broker Dealer experience

5-10 years Financial Services experience

MS Excel

End Client communication

Job description

Commissions Analyst Broker Dealer Experience

My name is Bill Stevens, and I have two new twelve month plus Commissions Analyst opportunities available for a major firm with offices in Lower Manhattan, Holmdel, New Jersey, Bethlehem, Pennsylvania and Pittsfield, Massachusetts that could be of interest to you, please review my specification below and I am available at any time to speak with you so please feel free to call me. The work schedule will be remote however the ideal candidate must live within a reasonable distance of any of the firms office locations. This is due to the fact that on rare occasions the firm wants the ideal candidate to come into the office to attend meetings.

The ideal candidate should also possess a green card or be of citizenship.

This position pays $23.00 per hour on a w-2 hourly basis.

Responsibilities:

Manage Financial Representatives (FRs), Protégé’s, Registered Representatives (RRs), Professional Associates (PAs), Financial Professionals (FPs), Full Time Agents (FTAs), Broker and Wholesaler compensation and contract terms.

Ensure accurate field compensation by interpreting producer contracts and compensation schedules and contract terms

Works closely with the firms Agent Contracting and Licensing (ACL) to ensure that compensation is paid according to the ever changing and varying state license regulations

Process assignment of commissions adhering to legal requirements

Provides confidential compensation information to various internal departments such as Legal, Audit and Agency Accounting Services and Manager, Distribution Alliance

Must process paper, NSCC and IPS commission statements and adjustments

Must be able to identify the various types of commissions being reported (regular, 12b-1’s and mixed transactions) and product types (mutual fund, variable annuity, variable life, brokerage and RIA business)

This position requires customer service by responding to commission-related issues and questions, problem research and resolution and accurate dissemination of information

Skills and experience:

Work experience in Broker Dealer firms

5-10 years Financial Services experience

MS Excel Experience

End Client communication experience

The interview process will include an initial telephone or Zoom screening.

Please let me know your interest for this position, availability to interview and start for this position along with a copy of your recent resume or please feel free to call me at any time with any questions.