PRI Technology · 4 weeks ago
Commissions Analyst
New York, NY
Full-time
Hybrid
Senior Level
5+ years expPRI Technology is a major firm with multiple office locations, currently seeking a Commissions Analyst. The role involves managing compensation for various financial representatives and ensuring compliance with legal and contractual requirements.
Information Technology & Services
No H1B
Responsibilities
Manage Financial Representatives (FRs), Prote ́Client ́'s, Registered Representatives (RRs), Professional Associates (Client), Financial Professionals (FPs), Full Time Agents (FTAs), Broker and Wholesaler compensation and contract terms
Ensure accurate field compensation by interpreting producer contracts and compensation schedules and contract terms
Works 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
Provides confidential compensation information to various internal departments such as Legal, Audit and Agency Accounting Services and Manager, Distribution Alliance
Must process paper, NSCC and IPS commission statements and adjustments
Must be able to identify the 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)
This position requires customer service by responding to commission-related issues and questions, problem research and resolution and accurate dissemination of information
Qualification
Required
Must live within a reasonable distance of any of the firm's office locations
Possess a green card or be of citizenship
Manage Financial Representatives (FRs), Prote ́Client ́'s, Registered Representatives (RRs), Professional Associates (Client), Financial Professionals (FPs), Full Time Agents (FTAs), Broker and Wholesaler compensation and contract terms
Ensure accurate field compensation by interpreting producer contracts and compensation schedules and contract terms
Work closely with the firm's 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 and Manager, Distribution Alliance
Process paper, NSCC and IPS commission statements and adjustments
Identify the 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
Work experience in Broker Dealer firms
5-10 years Financial Services experience
MS Excel Experience
End Client communication experience
Company
PRI Technology
IT Staffing Solutions - Experience the Difference Working With Professionals That Understand Your Information Technology Needs and the Importance of Managing Your Costs! PRI Technology, a division of Perennial Resources International, is a full service Information Technology staff augmentation and executive search firm comprised of high performing industry professionals focused on your success.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Joseph Kelly
Chief Financial Officer
Company data provided by crunchbase