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Raymond James · 1 day ago

Compensation Specialist

St. Petersburg, FL

Full-time

Hybrid

Mid Level

3+ years exp

Raymond James is a leading financial services firm, and they are seeking a Compensation Specialist to manage branch compensation processes. The role involves calculating payroll, overseeing collections, and providing detailed reporting to senior management while identifying process improvements.

BankingFinancial ServicesInformation TechnologyInsuranceWealth Management

Growth Opportunities

Responsibilities

Reviews, calculates, and reconciles payroll for termed Advisors and Branches and provides detailed reporting to support payment or collections of outstanding payroll entries

Works closely with the Legal Department to support the demand and collections process including overseeing collections and/or write-off transactions

Establishes contact and discussions with termed Advisors and/or Branch Managers to facilitate payments or collections

Creates, reviews and/or audits reports on a regular basis

Provides detailed reporting on collections, loan defaults, and held balances to business unit senior management

Identifies potential process improvements to increase efficiency in processing or analyzing financial information

Works with other areas of the firm on projects related to building and maintaining tracking systems

Participates or handles various projects as assigned

Resolves or recommends solutions to complex problems

Performs other duties and responsibilities as assigned

Qualification

Payroll processingAccountingFinancial analysisMicrosoft OfficeCost allocationCustomer serviceOrganizational skillsCommunication skills

Required

Bachelor's degree in Accounting or equivalent and a minimum of two (2) years of Payroll or Accounting experience

General office practices, procedures, and methods

General payroll processing

Intermediate accounting concepts, practices and procedures

Strong knowledge of Microsoft Office applications

Accrual based accounting practices

Intermediate cost allocation concepts and practices

Principles of banking and finance and securities industry operations

Analyzing financial information

Performing mathematical calculations

Operating standard office equipment and using required software applications, including word processing, spreadsheets and databases

Preparing, processing and maintaining transaction documentation, files, and records

Organizational and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines

Identify, recommend and justify changes to standard procedures when required by specific situations and circumstances

Work independently, make decisions and resolve or recommend solutions to moderately complex accounting problems

Communicate effectively, both orally and in writing, with all organizational levels

Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment

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

Maintain strict confidentiality of associate records