Commissions Analyst — Financial Services (Hybrid)

Transamerica; Philadelphia (Philadelphia County); Hybrid; USD 25,000 - 29,000; Full time

Benefits offered by this job

Competitive pay

Bonus program

Benefits package

401k match

Tuition reimbursement

PTO 160 hours

Job summary

Transamerica Corporation in Philadelphia is seeking a Commission Accountant to research, reconcile, and process high-volume agent commission payments for Transamerica Financial Advisors and World Financial Group. You will answer commission-related questions from agents and providers and support multiple providers across U.S.

regions including Puerto Rico and Canada. The role requires a Bachelor’s degree in accounting or business, strong math and analytical skills, and proficiency in Excel.

Qualifications

• Bachelor’s degree in accounting or business field, or equivalent experience.
• Strong math aptitude.
• Research skills and attention to detail.
• Good written and oral communication skills.
• Proficiency using MS Excel.

Responsibilities

• Support semi-weekly commission cycles for multiple providers in the U.S. including Puerto Rico, and Canada.
• Key commission activities into commission systems for non-platinum providers.
• Ensure payments and statement processing are accurate and on time to prevent non-compliance with regulatory authorities (i.e. FINRA, SEC, IOI, etc.) and auditors.
• Verify when deposits/funding are received and reconcile against compensation data.
• Resolve pending, on hold, and chargeback items.
• Respond to routine agent inquiries; escalate to higher level staff as needed.
• Follow administrative procedures to ensure segregation of duties in compliance with SOX.
• Communicate with multiple third party providers regarding compensation issues on a variety of products.
• Run basic queries using SQL and other systems.
• Research commission and balancing issues and elevate to higher level staff for resolution as needed.

Skills

Strong math aptitude

Research skills

Written and oral communication

MS Excel proficiency

Attention to detail

SQL knowledge

Education

Bachelor’s degree in accounting or business

Tools

SQL

Job description

Transamerica Corporation in Philadelphia is seeking a Commission Accountant to research, reconcile, and process high-volume agent commission payments for Transamerica Financial Advisors and World Financial Group. You will answer commission-related questions from agents and providers and support multiple providers across U.S.

regions including Puerto Rico and Canada. The role requires a Bachelor’s degree in accounting or business, strong math and analytical skills, and proficiency in Excel.