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Simplicity Group is Hiring a Commissions Analyst Near Summit, NJ
Job DescriptionPosition Title: Commission Analyst
Reports to: Commissions Manager
Department: Finance/Commissions
Location: In-office position (Summit, NJ OR Monticello, MN)
Classification: Full-time / Exempt
Summary: This position is responsible for commission and production processing and reporting. As a part of our Finance team, you will have the responsibility of working through many processes and using your skills to drive the business to end results. This is an amazing opportunity to join a fast-growing private company in a critical role and learn our business while taking the next step of your career. In this role, you will be working closely with Finance, Operations and Sales Team and be responsible for understanding the various commissions structures/schedules across our businesses.
Primary Responsibilities:
Company DescriptionHeadquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning products. Simplicity Group partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, and long-term care protection in support of a holistic financial strategy.
Through its vast distribution network, Simplicity Group has assisted with the placement of more than $6.2 billion of insurance financial assets and has $7 billion of assets under management and advisement as of Q4 2022. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses but which is also focused on growing by acquisition. Simplicity Group has over 950 employees and 65 operating subsidiaries. Simplicity Group is owned by one of the leading NYC-based financial services private equity funds and by its operating Partners, who help drive Simplicity Group’s day-to-day business.
For more information, please visit simplicitygroup.com.
Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning products. Simplicity Group partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, and long-term care protection in support of a holistic financial strategy. Through its vast distribution network, Simplicity Group has assisted with the placement of more than $6.2 billion of insurance financial assets and has $7 billion of assets under management and advisement as of Q4 2022. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses but which is also focused on growing by acquisition. Simplicity Group has over 950 employees and 65 operating subsidiaries. Simplicity Group is owned by one of the leading NYC-based financial services private equity funds and by its operating Partners, who help drive Simplicity Group’s day-to-day business. For more information, please visit simplicitygroup.com.
Reports to: Commissions Manager
Department: Finance/Commissions
Location: In-office position (Summit, NJ OR Monticello, MN)
Classification: Full-time / Exempt
Summary: This position is responsible for commission and production processing and reporting. As a part of our Finance team, you will have the responsibility of working through many processes and using your skills to drive the business to end results. This is an amazing opportunity to join a fast-growing private company in a critical role and learn our business while taking the next step of your career. In this role, you will be working closely with Finance, Operations and Sales Team and be responsible for understanding the various commissions structures/schedules across our businesses.
Primary Responsibilities:
- Process monthly commissions, sales incentives and quarterly bonuses; this process includes accounts reconciliation, running reports, populating worksheets, performing calculations, obtaining approvals and preparing files for payment
- Summarize and communicate commission data to participants including maintaining dashboards and reports
- Calculate and audit commission/incentive award payments to sales personnel based on commission plan provisions
- Maintain an accurate trackable record of commissions and supporting data
- Review and enter commission data into CRM
- Research, document and communicate resolutions to external and internal business partners for all inquiries regarding the commission and payment process
- Audit of commission statements to ensure the organization is receiving correct payments
- Trouble shooting commission issues and resolve through analysis and investigation
- Assist in documenting, identifying, monitoring and proactively improving business processes and controls related to areas of responsibility
- Maintain and update internal commission grids
- Perform other duties as assigned
- Maintain strict confidentiality in all aspects of the job
- 3 years of experience in commissions or accounting/finance field/bookkeeping
- Bachelor’s Degree required (Finance, economics or similar)
- Strong math skills/ analytical thinking skills/ accounting background
- Strong computer skills – Excel (formulas, pivot tables)
- Salesforce.com experience a plus, but not required
- Detail orientated and comfortable working with large data sets
- Willing to take ownership of the position
- Ability to understand the time standards and order of work flow to complete the prime responsibilities
- Possess strong people and problem-solving skills and be able to effectively communicate at all levels of the organization
- Able to work successfully in a team environment as well as independently
- Ability to handle change and be effective in a fast-past environment
- Strong time management skills with ability to prioritize tasks and meet deadlines
- Excellent written and verbal communication skills
- Ability to take detailed notes on processes and procedures
- Self-motivated/directed
- Excellent organizational skills
- Base salary: $55,000 - $65,000
- One-Time Sign-on Bonus: $1,500 (paid after 90 days)
- This is an Exempt position
- Annual performance bonus target: 5%
- Employee benefits (medical, dental, vision, life insurance, other)
- 401k with employer match
- Paid Time Off
- Paid parking
Company DescriptionHeadquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning products. Simplicity Group partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, and long-term care protection in support of a holistic financial strategy.
Through its vast distribution network, Simplicity Group has assisted with the placement of more than $6.2 billion of insurance financial assets and has $7 billion of assets under management and advisement as of Q4 2022. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses but which is also focused on growing by acquisition. Simplicity Group has over 950 employees and 65 operating subsidiaries. Simplicity Group is owned by one of the leading NYC-based financial services private equity funds and by its operating Partners, who help drive Simplicity Group’s day-to-day business.
For more information, please visit simplicitygroup.com.
Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning products. Simplicity Group partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, and long-term care protection in support of a holistic financial strategy. Through its vast distribution network, Simplicity Group has assisted with the placement of more than $6.2 billion of insurance financial assets and has $7 billion of assets under management and advisement as of Q4 2022. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses but which is also focused on growing by acquisition. Simplicity Group has over 950 employees and 65 operating subsidiaries. Simplicity Group is owned by one of the leading NYC-based financial services private equity funds and by its operating Partners, who help drive Simplicity Group’s day-to-day business. For more information, please visit simplicitygroup.com.
Job Summary
JOB TYPE
Full Time
SALARY
$84k-103k (estimate)
POST DATE
06/07/2024
EXPIRATION DATE
08/05/2024
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The job skills required for Commissions Analyst include Economics, Accounting, Problem Solving, Communicates Effectively, Initiative, etc. Having related job skills and expertise will give you an advantage when applying to be a Commissions Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Commissions Analyst. Select any job title you are interested in and start to search job requirements.
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The following is the career advancement route for Commissions Analyst positions, which can be used as a reference in future career path planning. As a Commissions Analyst, it can be promoted into senior positions as a Cost Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Commissions Analyst. You can explore the career advancement for a Commissions Analyst below and select your interested title to get hiring information.
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