About the role

Job Description Summary

Process a range of specialized and non-standard transactions that usually require some research or investigation.

Job Description

Under general supervision, uses specialized knowledge and skills obtained through experience and/or formal training to process all aspects of commissions for financial advisors. Detailed instructions, established procedures and prescribed guidelines are provided to perform a variety of routine tasks. Recommends solutions to moderately complex problems. Will have extensive contact with internal and external customers to identify, research, and resolve problems.

Essential Duties and Responsibilities:

Acts as commission liaison between insurance carriers, financial advisors and sales management.
Confirms proper posting of fees, commissions, reimbursements to commission systems and to general ledger, ensuring integrity ledger accounts.
Prepares various journal entries, primarily commission postings and adjustments.
Reconciles commission statements and commission related general ledger accounts.
Utilizes reporting software to assist in reconciliations and problem resolution.
Records, inputs and posts commission information from a variety of sources, including ACH’s and paper checks.
Prepares advances and commission reversals.
Remains current in operations policies and procedures.
May train other associates.
Performs other duties and responsibilities as assigned.

Knowledge of:

Accounting concepts, practices and procedures
Operations and systems of assigned functional area.
Fundamental accounting concepts, practices, and procedures.
Financial products.

Skill in:

Operating standard office equipment and using required software applications, including general ledger and payroll software systems, including Microsoft Office Excel, Access and/or Crystal reporting.
Preparing, processing and maintaining transaction documentation, files, and records.
Gathering and compiling information.
Responding appropriately to inquiries and dealing with complex transaction issues.
Organizational and time management sufficient to prioritize workload, handle multiple tasks, and meet deadlines.

Ability to:

Partner with other functional areas to accomplish objectives.
Execute instructions and request clarification when necessary.
Identify and resolve discrepancies.
Communicate effectively, both orally and in writing, with all organizational levels.
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, primarily via telephone.
Maintain strict confidentiality of commission records.
Work independently as well as collaboratively within a team environment.

Educational/Previous Experience Requirements:

High School diploma or equivalent with a minimum of two (2) years of Payroll or Commissions experience

Associate’s degree (A.A.) or equivalent from a two-year college or technical school and one (1) year related experience and/or training in Payroll or Commissions.
Bachelor’s Degree Preferred
~or~
An equivalent combination of education, experience and/or training approved by Human Resources.

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience - 4 to 6 months

Certifications

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

#LI-JM1

Aplyr's read

Raymond James is a diversified financial services firm known for its robust compliance culture and personalized client service, attracting professionals in finance, compliance, and technology.
Synthesized from recent postings & public sources

What's promising

•Raymond James offers a strong compliance framework, appealing to professionals focused on regulatory adherence.
•The firm provides diverse career opportunities across finance, technology, and operations.
•Raymond James emphasizes personalized client service, enhancing client satisfaction and employee engagement.

What to watch

•The financial services industry faces high regulatory scrutiny, impacting operations.
•Competition from larger firms may limit growth opportunities.
•Economic downturns can affect investment banking and asset management revenues.

Why Raymond James

•Raymond James is known for its conservative financial management and stability.
•The firm maintains a strong regional presence, particularly in the Southeast U.S.
•Raymond James emphasizes a client-first approach, differentiating it from larger competitors.

Aplyr’s read is generated by AI from public sources. Was it useful?

About Raymond James

Raymond James

raymondjames.com

View company

Raymond James Financial, Inc. is a diversified financial services company that provides investment banking, asset management, and financial planning services.