Commissions Analyst I

American Solutions for Business; Northern (KY); Hybrid; USD 45,000 - 55,000; Full time

Job summary

IASB Corp is seeking a Commissions Analyst in Glenwood, MN to oversee commissions, rebates, and payroll split arrangements for sales associates and third parties. You will manage monthly gross commissions, lead journal entries, and support SSPV setup while ensuring accuracy and strong internal controls.

The role requires an associate degree in accounting/finance with 3+ years of related experience; a bachelor’s degree is preferred.

Qualifications

• Associate degree in accounting, finance and/or business with minimum 3 years related experience
• Preferred: Bachelor's degree in business, accounting, and/or finance with 3+ years related experience
• Working knowledge of accounting principles and practices, plus technical accounting skills
• Core competencies include attention to detail, organization, communication, teamwork, and confidentiality

Responsibilities

• Manage, prepare, and process gross commission and rebate totals monthly
• Maintain payroll split agreements and ledger balances
• Provide training for new sales associates including commission and OES report education
• Prepare third-party commission payments monthly and as needed
• Verify and post journal entries related to commission payroll and related scenarios
• Oversee SSPV setup and related inquiries
• Provide ad-hoc reporting for sales associates or home office personnel
• Support inquiries about commissions, SSPV, sales expenses, ledgers, and payroll
• Assist in ESOP/fiscal year-end reporting and valuation processes
• Collaborate with Financial Analyst II on Qlikview reports and analytics
• Identify variances between commission subsystem and ERP system and correct them
• Test program and system enhancements affecting commission calculations
• Assist in reviewing commissions with Sales Associates and home office personnel
• Review GL balances related to commissions and gross profit
• Analyze gross profit models and commission splits; report anomalies to leadership
• Provide additional analysis as requested by sales associates or leadership

Job description

# Commissions Analyst IASB Corp Glenwood - Glenwood, MN 56334## OverviewSalary Range$45,000.00 - $55,000.00 SalaryLevelExperiencedCategoryFinance## DescriptionThis role oversees commissions administrations, financial reporting, rebate, and profit-split processing, BPP (Business Protection Plan) Claims, and commission split/rebate maintenance for sales associates and third parties. It ensures financial accuracy, timely payments, effective internal controls, and continuous process improvement. **Essential Duties and Responsibilities** include the following: Other duties may be assigned. * Manage, prepare, and process gross commission and rebate totals monthly* Manage and maintain all payroll split agreements* Provide training and guidance for new sales associates recently onboarded, including (but not limited to) commission and OES report education* Manage, implement, and monitor all sales associate and third-party ledger balances and established repayment plans* Prepare and process third party commission payments monthly, quarterly, and as needed.* Verify and post journal entries related to commission payroll and other scenarios* Oversee the single split preferred vendor (SSPV) related set-up and calculations. Respond to SSPV inquiries and analysis for Associates or home office personnel.* Provide Ad-hoc reporting as requested by sales associates or home office personnel.* Provide support to sales associates and home office personnel in response to inquiries related to commissions, SSPV, sales associate expense, ledgers, payroll, or other commission related questions.* Prepare & maintain and enhance ESOP/Fiscal year end reporting necessary to aid in the valuation and allocation of shares and gross sales and profitability of sales associates.* Work in conjunction with Financial Analyst II to maintain, update, and create Qlikview or other analytical reports upon request* Complete tasks needed to identify and correct any variances from the commission subsystem to the ERP system.* Test and validate program and system enhancements that impact commission calculations and/or reporting accuracy.* Assist in the review of profit and/or commissions with Sales Associates and home office personnel as needed.* Assist in the review of commission related general ledger account balances as needed* Regularly review gross profit model and commission splits of sales associates. Analyze transactions for accuracy and report questionable transactions and/or agreements to senior leadership.* Provide additional analysis of gross profit, commission splits and/or other reporting as requested by sales associate or senior leadership.* Other duties as assigned.**Supervisory Responsibilities** This job has no supervisory responsibilities.## QualificationsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.**Education and/or Experience****Required:** Associate degree in accounting, finance and/or business with a minimum of three years of related experience, training; or an equivalent combination of education and experience. **Preferred:** Bachelor’s degree in business, accounting, and/or finance with three or more years of related experience, training or an equivalent combination of education and experience. This position requires a working knowledge of accounting principles and practices and a knowledge of technical accounting skills. **Core Competencies** Attention to detail and accuracy; ability to prioritize, plan and organize; ability to schedule and monitor, problem analysis and problem-solving skills; communication; initiative; teamwork; confidentiality. Competency in Microsoft applications; word, outlook with a higher level, working knowledge**Language Skills** Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, sales associates, and employees.**Mathematical Skills** Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Must be proficient in performing detailed numerical computations. Basic knowledge of Excel and the ability to set up worksheets for analysis and reporting.**Reasoning Ability** Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.**Physical Demands** The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is regularly required to sit. The employee is occasionally required to stand and/or walk. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.**Work Environment** The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet.AA/EEO/Vet/Military