Sales Compensation Accountant

This is a fully remote position, open to applicants in United States.

📋 Description

• Calculate, process, and reconcile monthly and quarterly sales commission settlements and incentive compensation payments according to approved compensation plans and agreements.

• Conduct annual draw calculations based on supporting business data and work with Sales Leadership and Regional Leadership to finalize and update draw calculations within payroll systems accordingly.

• Collaborate with the Agency Management System and Accounting teams to maintain and update commission agreements, commission structures, and associated system settings.

• Partner with Sales Operations and Human Resources to ensure precise interpretation, implementation, and administration of compensation plans and commission structures.

• Review and audit production reports, commission calculations, and compensation data routinely to identify discrepancies, investigate issues, and resolve variances with relevant stakeholders.

• Prepare journal entries, account reconciliations, accruals, and accompanying reports related to commission expenses and incentive compensation programs.

• Submit monthly commission payment calculations and settle-up requests to Human Resources to facilitate timely payroll processing.

• Assist in monthly close processes by ensuring accurate commission liability accruals and relevant documentation.

• Maintain organized and precise records related to commission schedules, compensation plans, calculations, and accounting documentation.

• Ensure adherence to internal controls, company policies, compensation agreements, and audit requirements.

• Aid in testing, implementation, and rollout of system enhancements, reporting improvements, and updates to compensation plans.

• Provide ad hoc financial analysis, compensation reporting, and operational support for business and leadership requirements.

• Collaborate across functions to identify process improvements and enhance operational efficiency within compensation administration and reporting workflows.

⛳️ Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field is required.

• 3-5 years of experience in accounting, financial analysis, compensation accounting, or related finance roles, ideally within the insurance brokerage sector.

• Experience with commission calculations, incentive compensation programs, or payroll-related accounting processes is preferred.

• Strong analytical skills, problem-solving abilities, and attention to detail.

• Advanced proficiency in Microsoft Excel, including pivot tables, formulas, filtering, and handling large data sets.

• Working knowledge of accounting systems and insurance agency management systems, preferably Business Central, Epic, and BenefitPoint.

• Excellent written and verbal communication skills with the ability to effectively collaborate across departments and leadership levels.

• Strong organizational abilities with the capacity to manage multiple priorities, meet deadlines, and maintain accuracy in a fast-paced environment.

• High level of professionalism, discretion, and the ability to keep sensitive employee and compensation information confidential.

• Collaborative mindset with strong relationship-building and interpersonal skills.

🏝️ Benefits

• Medical, Dental, and Vision Benefits

• Flexible Spending Account (FSA) and Health Savings Account (HSA) and Commuter Transit Programs

• Company paid Short-Term Disability, Long-Term Disability, and Group Term Life

• Company paid Employee Assistance Program

• Paid Parental Leave

• Paid holidays

• Personalized PTO

• 401(k) with employer match