Commission Payroll Coordinator

Job Description Summary

Job Description

Perform a variety of payroll and clerical duties under direct supervision of Payroll Manager. Process all aspects of semimonthly payroll for hourly, salaried, & commissioned associates. Reconcile various payroll related general ledger accounts. Administer commission based employee salary charge, transfer pay, broker book succession, and professional partner compensation agreements.

Responsibilities:

• Process commissions and commission related payments and changes using multiple unique, highly ambiguant systems to handle the complexity of various business unit compensation plans (ie. commissions, transfer pay, salary charges, payouts etc.).

• Validate, input, and maintain payroll data to ensure the accurate and efficient delivery of payroll payments.

• Monitor and analyze data using established Workday auditing reports.

• Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.

• Reconcile and post required transactions to the general ledger and commission based employee blotters.

• Maintain policy and procedures manuals.

• Work as a liaison with the banks responsible for ACH and physical paycheck processing.

• Reconcile Financial Advisor's blotter commissions to paycheck commissions.

• Communicate effectively with Financial Advisors and Associates via telephone, Workday cases, and email.

• Run established reports for distribution to various business units.

• Process term payments and ensure meeting state and federal requirements.

• Calculate and process Leave Of Absence Payments.

• Perform other duties and responsibilities as assigned.
  
  

Skills:

• Ability to provide a high level of customer service.

• Ability to maintain strict confidentiality of associate records.

• Preparing, Processing, and maintaining transaction documentation, files, and records.

• Communicating effectively with highly complex clients to answer questions and resolve issues.

• Gathering and compiling information from multiple sources.

• Analyzing and adjusting discrepancies.

• Ability to maneuver within unique systems to handle complex compensation setup and calculations.

• Demonstrate efficiency and flexibility in performing detailed tasks in a fast-paced work environment with frequent interruptions, changing priorities, and multiple deadlines.

• Supports business processes without supervision by understanding and effectively using standard office equipment and standard software packages.

• Uses clear and effective verbal communications skills without supervision.

• Works with guidance (but not constant supervision) to plan, organize, prioritize and oversee activities to efficiently meet business objectives.

• Works with guidance (but not constant supervision) to achieve full compliance with applicable rules and regulations in payroll operations.

• Uses an understanding of numerical concepts to perform mathematical operations such as report analysis with guidance (but not constant supervision).

Knowledge Of:

• Payroll Software (Workday Preferred) or ability to learn specific applications.

• Wage and Hour Law.

• Federal and state mandates including FLSA and FMLA.

• Equity Compensation.

• Multi-State Payroll Taxation.

• General office practices, procedures, and methods.

• Accrual based accounting practices.

• Fundamental accounting concepts, practices, and procedures.

Education

Work Experience

Certifications

Travel

Workstyle

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.