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Commission Analyst

2 months ago

New York, New York, United States PRI Technology Full time
Commission Analyst Job Description

We are seeking a highly skilled Commission Analyst to join our team at PRI Technology. As a Commission Analyst, you will play a critical role in managing financial representatives, protégés, registered representatives, professional associates, financial professionals, full-time agents, brokers, and wholesalers compensation and contract terms.

Key Responsibilities:

  • Manage financial representatives, protégés, registered representatives, professional associates, financial professionals, full-time agents, brokers, and wholesalers compensation and contract terms.
  • Ensure accurate field compensation by interpreting producer contracts and compensation schedules and contract terms.
  • Work closely with the firms Agent Contracting and Licensing (ACL) to ensure that compensation is paid according to the ever-changing and varying state license regulations.
  • Process assignment of commissions adhering to legal requirements.
  • Provide confidential compensation information to various internal departments such as Legal, Audit, and Agency Accounting Services.
  • Process paper, NSCC, and IPS commission statements and adjustments.
  • Identify various types of commissions being reported (regular, 12b-1's, and mixed transactions) and product types (mutual fund, variable annuity, variable life, brokerage, and RIA business).
  • Provide customer service by responding to commission-related issues and questions, problem research and resolution, and accurate dissemination of information.

Requirements:

  • Work experience in Broker Dealer firms.
  • 5-10 years Financial Services experience.
  • MS Excel experience.
  • End Client communication experience.

What We Offer:

A competitive hourly rate of $23.00 per hour on a W-2 hourly basis. A remote work schedule with occasional in-office meetings. A dynamic and supportive work environment at PRI Technology.