Financial Commissions Analyst

Job Description

Job Description

Position Title: Financial Commission Analyst

Reports to: Commissions Manager

Department: Finance/Commissions

Location: Summit NJ ; in-office position

Classification: Full-time

Summary / Job Objective: This position is responsible for commission, production processing and reporting. As a part of our Finance and Commissions team, you will have the responsibility of working through many processes and using your skills to drive the business to end results. This is an amazing opportunity to join a fast-growing private company and learn our business while taking the next step of your career. In this role, you will be working closely with Finance, Operations and Sales Team.

Primary Responsibilities:

· Process monthly and weekly commissions: this process includes accounts reconciliation, running reports, populating worksheets, performing calculations, obtaining approvals and preparing files for payments

· Summarize and communicate commission data to multiple team members

· Calculate and audit commissions payments to sales personnel based on commission plan provisions

· Maintain an accurate trackable record of commissions and supporting data

· Review, upload and enter commission data into Sales Force (the CRM system)

· Research, document and communicate resolutions to external and internal business partners for all inquiries regarding the commission and payment process

· Audit of commission statements to ensure the organization is receiving correct payments

· Trouble shooting commission issues and resolve through investigation

· Perform other duties as assigned

· Maintain strict confidentiality in all aspects of the job

Qualifications:

· Bachelor’s Degree preferred (Finance, economics, business, mathematics or similar)

· 4+ years of experience in commissions or accounting/finance field

· Strong math skills/ analytical thinking skills

· Detail orientated and comfortable working with large data sets

· Strong computer skills – Excel (formulas, pivot tables)

· Salesforce.com experience a plus, but not required

· Willing to take ownership of the position

· Ability to understand the time standards and order of work flow to complete the prime responsibilities

Core Competencies:

· Possess strong people and problem-solving skills and be able to effectively communicate at all levels of the organization

· Able to work successfully in a team environment as well as independently

· Ability to handle change and be effective in a fast-paced environment

· Strong time management skills with ability to prioritize tasks and meet deadlines

· Great written and verbal communication skills

· Excellent organizational skills

Compensation & Benefits:

Compensation (based on experience)

• Base salary: $50K-$65K based on experience
• This is an exempt position
• Annual performance bonus target: 5%

Benefits

• Employee benefits (medical, dental, vision, life insurance, other)
• 401k with employer match
• Paid Time Off
• Paid parking

Location : Summit NJ (*This role is an in-office position, M-F)

Company Description

Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning solutions. Simplicity Group and its wholly-owned Broker-Dealer, partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, disability, and long-term care protection in support of a holistic financial strategy.

Through its vast distribution network of insurance, wealth, and institutional channels, Simplicity Group has assisted with the placement of more than $10 billion of insurance assets and has $10 billion of assets under management and advisement as of Q4 2024. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses. Simplicity Group has over 1,200 employees and 90 operating subsidiaries. Simplicity Group is owned by two of the leading San Francisco-based financial and tech-enabled services private equity firms and by its operating Partners, who help drive the company’s day-to-day business.

For more information, please visit simplicitygroup.com.

Company Description

Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning solutions. Simplicity Group and its wholly-owned Broker-Dealer, partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, disability, and long-term care protection in support of a holistic financial strategy.\r\n\r\nThrough its vast distribution network of insurance, wealth, and institutional channels, Simplicity Group has assisted with the placement of more than $10 billion of insurance assets and has $10 billion of assets under management and advisement as of Q4 2024. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses. Simplicity Group has over 1,200 employees and 90 operating subsidiaries. Simplicity Group is owned by two of the leading San Francisco-based financial and tech-enabled services private equity firms and by its operating Partners, who help drive the company’s day-to-day business.\r\n\r\nFor more information, please visit simplicitygroup.com.