Commissions Team Lead

What You'll Be Doing

The Commission Team Lead works with the Commission Accounting Manager and Commission Accounting Assistant Manager to oversee the workflow of the assigned team and coaches the Commission Accountants and Commission Accounting Associates. They autonomously perform routine accounting tasks, analyze commission data and maintain electronic records. The Commission Team lead processes commission calculations, ensuring accurate and timely payments to sales personnel. The role involves collaborating with sales teams, maintaining records, and analyzing commission payments and performance.

What We're Looking For

Accurately compute commission payouts based on established guidelines and metrics. Review sales data entries and resolve discrepancies in commission calculations. Maintain precise records of transactions and commission agreements. Update commission tracking systems and ensure the integrity of data. Understand commission structures and clarify any questions regarding commission calculations. Generate detailed and customized reports to analyze sales performance and commission expenditures. Ensure compliance with company policies and accounting standards in all commission-related transactions and reporting. Coordinates with internal and external auditors for all commission-related inquiries. Set up and review FAs participating in business transition plans. Handles quarterly accrual of mutual fund and annuity trails. Coaches junior commission accountants, assisting with questions, reviewing work product, and advising on department policy and procedure. Works with the Commission Accounting Assistant Manager and / or Commission Accounting Manager to oversee workflow, allocate the workload among junior commission accountants, and resolve issues. Processes commission payments, completes paperwork, completes journal entries, complex calculations, and reconciliations. Acts as back up to the Commission Accounting Assistant Manager and / or Commission Accounting Manager.

What You'll Bring

Proven ability to create, maintain, and analyze data using spreadsheets and databases. Able to manage one's own time and priorities to ensure the meeting of deadlines. Ability to communicate information and ideas in spoken or written form so that others will understand. Ability to work well with individuals at all levels within the organization.

Education & Experience

Minimum Required : Bachelor's degree in Accounting, Finance or related field, or equivalent experience. Minimum Required : 5+ years related experience

Licenses & Credentials

Minimum Required : SIE Securities Industry Essentials and Series 99 - Operations Professional Exam.

Systems & Technology

Proficient in Microsoft 365

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About Stifel

Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients' money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let's talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

Stifel is an Equal Opportunity Employer.