Vice President / Director of Advisory Compensation Operations

AllianceBernstein • Tampa, FL

21h

About The Position

Bernstein Private Wealth Management (PWM) is seeking a Vice President / Director of Advisory Compensation Operations to support commissions and compensation for a widely distributed sales force of Wealth Advisors and Managing Directors. The position is part of PWM’s Financial Planning & Analysis (FP&A) group and reports to PWM’s Senior National Director of Business Strategy. The Business Strategy team is within PWM’s Chief Operating Officer’s organization.

The role focuses on analyzing data, making sound decisions, managing details, and delivering results in a demanding, fast-paced environment. The successful candidate will work closely with colleagues across Finance and Private Wealth Management and manage two FP&A direct reports who support advisory compensation reporting and processing. The role also partners with the SVP/National Director of Business Strategy and internal MIS professionals to support and enhance the existing commission plan based on requirements from Private Wealth business leaders.

AB is a global investment management firm serving institutional, retail, and private-wealth clients. It has more than 4,000 employees across 57 locations in 26 countries and jurisdictions. Bernstein Private Wealth Management provides fiduciary advice, research, modeling, and investment solutions to clients.

Requirements

• 7–10+ years of experience in Financial Planning & Analysis, Finance, or Accounting; commission calculation experience is preferred.
• Bachelor’s degree or higher in Accounting, Finance, Economics, or a related field.
• Analytical and detail-oriented, with comfort organizing large volumes of data.
• Strong Microsoft Excel and Microsoft Access skills.
• Experience building and maintaining models to analyze data.
• Excellent verbal and written communication skills.
• Commitment to providing a superior level of service to a highly entrepreneurial and demanding sales force.
• Ability to manage multiple projects in a demanding, fast-paced environment.
• Flexibility and a strong interest in analyzing data, making sound decisions, managing details, and delivering results.

Nice To Haves

• Commission calculation experience.
• Exposure to Workday (ERP and Adaptive Planning EPM), CompXL, IBM Cognos Analytics, IBM Planning Analytics (formerly IBM TM1), and/or Varicent.

Responsibilities

• Perform and review quarterly commission calculations in accordance with Wealth Advisor contractual terms.
• Calculate annual Incentive Awards for Wealth Advisors and communicate the awards to those employees.
• Prepare annual and quarterly calculations of severance defined payments due to terminated Wealth Advisors.
• Record and analyze expense and balance sheet accounts, including calculating monthly commission accruals.
• Provide supporting documentation requested by internal and external auditors.
• Provide ad-hoc quantitative support to the Private Wealth business unit.
• Research and resolve problems using relevant software tools.
• Manage two FP&A direct reports who support advisory compensation reporting and processing.
• Work with the SVP/National Director of Business Strategy and internal MIS professionals to support the existing commission plan and implement enhancements based on requirements set by Private Wealth business leaders.

What This Job Offers

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