Job Description Summary
Process a range of specialized and non-standard transactions that usually require some research or investigation.
Job Description Under general supervision, uses specialized knowledge and skills obtained through experience and/or formal training to process all aspects of commissions for financial advisors. Detailed instructions, established procedures and prescribed guidelines are provided to perform a variety of routine tasks. Recommends solutions to moderately complex problems. Will have extensive contact with internal and external customers to identify, research, and resolve problems.
Essential Duties And Responsibilities
Acts as commission liaison between insurance carriers, financial advisors and sales management.
Confirms proper posting of fees, commissions, reimbursements to commission systems and to general ledger, ensuring integrity ledger accounts.
Prepares various journal entries, primarily commission postings and adjustments.
Reconciles commission statements and commission related general ledger accounts.
Utilizes reporting software to assist in reconciliations and problem resolution.
Records, inputs and posts commission information from a variety of sources, including ACH’s and paper checks.
Prepares advances and commission reversals.
Remains current in operations policies and procedures.
May train other associates.
Performs other duties and responsibilities as assigned.
Knowledge Of
Accounting concepts, practices and procedures
Operations and systems of assigned functional area.
Fundamental accounting concepts, practices, and procedures.
Financial products.
Skill In
Operating standard office equipment and using required software applications, including general ledger and payroll software systems, including Microsoft Office Excel, Access and/or Crystal reporting.
Preparing, processing and maintaining transaction documentation, files, and records.
Gathering and compiling information.
Responding appropriately to inquiries and dealing with complex transaction issues.
Organizational and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines.
Ability To
Partner with other functional areas to accomplish objectives.
Execute instructions and request clarification when necessary.
Identify and resolve discrepancies.
Communicate effectively, both orally and in writing, with all organizational levels.
Demonstrate efficiency and flexibility in performing detailed tasks in a fast-paced work environment with frequent interruptions, changing priorities, and multiple deadlines.
Provide a high level of customer service, primarily via telephone.
Maintain strict confidentiality of commission records.
Work independently as well as collaboratively within a team environment.
Educational/Previous Experience Requirements
High School diploma or equivalent with a minimum of two (2) years of Payroll or Commissions experience
OR
Associate’s degree (A.A.) or equivalent from a two-year college or technical school and one (1) year related experience and/or training in Payroll or Commissions.
Bachelor’s Degree Preferred
~or~
An equivalent combination of education, experience and/or training approved by Human Resources.
Education Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance
Work Experience General Experience - 4 to 6 months
Certifications (none listed)
Travel Less than 25%
Workstyle Hybrid
We Expect Our Associates At All Levels To
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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Job Description Under general supervision, uses specialized knowledge and skills obtained through experience and/or formal training to process all aspects of commissions for financial advisors. Detailed instructions, established procedures and prescribed guidelines are provided to perform a variety of routine tasks. Recommends solutions to moderately complex problems. Will have extensive contact with internal and external customers to identify, research, and resolve problems.
Essential Duties And Responsibilities
Acts as commission liaison between insurance carriers, financial advisors and sales management.
Confirms proper posting of fees, commissions, reimbursements to commission systems and to general ledger, ensuring integrity ledger accounts.
Prepares various journal entries, primarily commission postings and adjustments.
Reconciles commission statements and commission related general ledger accounts.
Utilizes reporting software to assist in reconciliations and problem resolution.
Records, inputs and posts commission information from a variety of sources, including ACH’s and paper checks.
Prepares advances and commission reversals.
Remains current in operations policies and procedures.
May train other associates.
Performs other duties and responsibilities as assigned.
Knowledge Of
Accounting concepts, practices and procedures
Operations and systems of assigned functional area.
Fundamental accounting concepts, practices, and procedures.
Financial products.
Skill In
Operating standard office equipment and using required software applications, including general ledger and payroll software systems, including Microsoft Office Excel, Access and/or Crystal reporting.
Preparing, processing and maintaining transaction documentation, files, and records.
Gathering and compiling information.
Responding appropriately to inquiries and dealing with complex transaction issues.
Organizational and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines.
Ability To
Partner with other functional areas to accomplish objectives.
Execute instructions and request clarification when necessary.
Identify and resolve discrepancies.
Communicate effectively, both orally and in writing, with all organizational levels.
Demonstrate efficiency and flexibility in performing detailed tasks in a fast-paced work environment with frequent interruptions, changing priorities, and multiple deadlines.
Provide a high level of customer service, primarily via telephone.
Maintain strict confidentiality of commission records.
Work independently as well as collaboratively within a team environment.
Educational/Previous Experience Requirements
High School diploma or equivalent with a minimum of two (2) years of Payroll or Commissions experience
OR
Associate’s degree (A.A.) or equivalent from a two-year college or technical school and one (1) year related experience and/or training in Payroll or Commissions.
Bachelor’s Degree Preferred
~or~
An equivalent combination of education, experience and/or training approved by Human Resources.
Education Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance
Work Experience General Experience - 4 to 6 months
Certifications (none listed)
Travel Less than 25%
Workstyle Hybrid
We Expect Our Associates At All Levels To
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
#J-18808-Ljbffr