Commission Finance Analyst

KeyBank • Brooklyn, OH

1d • $52,000 - $80,000 • Hybrid

About The Position

Reporting to the Manager of Investment Production and Support, the Commission Finance Analyst is responsible for overseeing the administration of incentive compensation activity and compensation payments to Key Investment Services Private Client Advisors (PCA) and Retail Private Client Bankers (PCB). They will perform operational processes daily that include processing payments from various sources to the commission system and provide field support for commission reporting. Administer Key Investment Service compensation payments within multiple third-party systems. Review transactions daily, research questions and complete adjustments as needed, and interact with various insurances carriers. Complete end of month processing for Key Investment Services compensation. Reconcile system entries, resolve exceptions/outages and complete verification of compensation payout Collaborate with third party vendors on process development, problem resolution and system releases which includes not limited to testing, validation, etc. manage exceptions and resolve exceptions timely. Communicate with and research issues communicated by PCA’s and PCB’s Set up and maintenance of compensation plans within the commissions system including rep codes, compensation payouts, and new hire and terminations. Work cross-functionally with multiple departments within Key Investment Services and KeyCorp. Generate entries to the general ledger system to record various revenue streams Prepare various compensation reports for management Partner with the Key Private Client Wealth Market Leaders to provide field support for commission reporting and questions Provide assistance Key Investment Services PCA’s and PCB’s through trainings, market meetings and various communication outlets.

Requirements

• Bachelor’s Degree in a business-related field or equivalent experience
• 3+ years of investment industry experience within a brokerage or bank-based brokerage firm or compensation processing
• Solid knowledge of the securities, insurance and investment advisory industries, including SEC, FINRA and state insurance and investment advisory laws, rules and regulations
• Solid knowledge of brokerage industry sales, operations and service functions
• Demonstrated ability to solve problems and exhibit strong analytical skills
• Demonstrated ability to work in self-directed manner with good organizational skills
• Proven ability to foster open communication
• General understanding of Microsoft software programs (primarily excel, power point and word)

Responsibilities

• Overseeing the administration of incentive compensation activity and compensation payments to Key Investment Services Private Client Advisors (PCA) and Retail Private Client Bankers (PCB).
• Perform operational processes daily that include processing payments from various sources to the commission system and provide field support for commission reporting.
• Administer Key Investment Service compensation payments within multiple third-party systems.
• Review transactions daily, research questions and complete adjustments as needed, and interact with various insurances carriers.
• Complete end of month processing for Key Investment Services compensation.
• Reconcile system entries, resolve exceptions/outages and complete verification of compensation payout
• Collaborate with third party vendors on process development, problem resolution and system releases which includes not limited to testing, validation, etc. manage exceptions and resolve exceptions timely.
• Communicate with and research issues communicated by PCA’s and PCB’s
• Set up and maintenance of compensation plans within the commissions system including rep codes, compensation payouts, and new hire and terminations.
• Work cross-functionally with multiple departments within Key Investment Services and KeyCorp.
• Generate entries to the general ledger system to record various revenue streams
• Prepare various compensation reports for management
• Partner with the Key Private Client Wealth Market Leaders to provide field support for commission reporting and questions
• Provide assistance Key Investment Services PCA’s and PCB’s through trainings, market meetings and various communication outlets.

Benefits

• This position is eligible to earn a base salary in the range of $52,000.00 - $80,000.00 annually.
• Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location.
• Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
• Please click here for a list of benefits for which this position is eligible.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level