Job Title: Commissions Analyst
Location: 222 S Riverside Plaza, Chicago, IL
Pay Rate: $25-$30/hr depending on the experience
Position Type: contract (potential contract-to-hire)
Onsite: hybrid, 3 days onsite, 2 remote (M-T-W onsite)
Hours: 8:00 a.m. – 5:00 p.m
Position Summary:
The Commissions Analyst will be a key member of the Global Commissions Team within a dynamic and growing international Company. The Global Commissions team is part of the broader Finance function with teams in the US, UK, and Dubai. This role is a front-office role, and the analyst will interact with both the brokers and sales teams on a continual basis. This Analyst will be responsible for executing the brokers’ commission payments and bonuses in an accurate and timely manner. Duties include implementing deal instructions within our external payout system, posting journal entries into the Company’s ERP system, reconciling specific general ledger accounts, adhering to month-end timelines, and overall support of the Commission Payouts function. Strong communication skills, attention to detail, and professionalism are a requirement for this position. The analyst would also demonstrate a passion for technology and continuous learning with an emphasis on staying current with industry trends and advancements. This would include artificial intelligence and data analytics tools.
Responsibilities include but are not limited to:
- Prepare and review monthly commission payout calculations for multiple groups, including external Introducing Brokers and internal Producers utilizing the Xactly Software System;
- Understand and calculate the various payout computations based on specific terms within the contract;
- Provide backup for other Commission Team members and their respective duties;
- Prepare and post commission payout journal entries;
- Responsible for month-end procedures related to payout calculation with specific time-sensitive deadlines;
- Communicate payouts with internal and external Brokers on an independent basis, respond to and resolve queries on calculations, and discuss results;
- Communicate with management as required;
- Ensure the timely and accurate processing of commission payments;
- Work with Accounting, Payroll, and Treasury teams as necessary;
- Code deals with the Xactly payout system;
- Work effectively in a global environment and respond timely to internal and external requests;
- Ad hoc projects based on the needs of the Finance Department
Qualifications:
- 3+ yrs of experience in accounting capacity along with experience in commission payout calculations
- Bachelor's degree with an emphasis on Accounting or Finance
- Proficient in Microsoft Excel
- Working knowledge of Xactly Incent or Sun General Ledger System is a plus
- Ability to work in a collaborative team environment
- Able to effectively communicate with other Departmental employees
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