Commissions and Financial Reporting Specialist

Job description:

E.A. Buck Financial Services is a fast-growing financial services firm with dual headquarters in Denver and Honolulu. We are seeking a Commissions and Financial Reporting Specialist to join our Accounting team. This position is responsible for processing and reconciling commissions and variable compensation, ensuring payments are accurately tracked and completed on time. The specialist will compile and audit commission statements, maintain commission-related data and tasks in Salesforce, prepare variable compensation reports, and support recurring financial and management reporting.

The ideal candidate has strong analytical and reconciliation skills, exceptional attention to detail, advanced Microsoft Excel proficiency, and experience with commissions, financial reporting, or related accounting activities.

This position is a full-time, in-office position based out of our Denver Tech Center office.

NOTE: Only people who are currently living in Colorado will be considered for this role .

Salary / Benefits Package :

• Base Salary range of $65,000 to $86,000 per year, based on experience
• Competitive benefits package including 100% employer paid health , dental, and vision insurance
• Eligibility to enroll in health savings account, flexible savings account, and more
• Paid vacation (PTO) and paid holidays
• Join our mission-driven company and partake in 401k with generous matching

Job Responsibilities:

Commissions and Variable Compensation

• Accurately calculate and process commissions and variable compensation for financial advisors.
• Track compensation related to AUM, life insurance, annuities, and other applicable financial products.
• Analyze sales and financial data to verify the accuracy of commission calculations.
• Conduct routine commission audits and promptly research and resolve discrepancies.
• Obtain and process approved bonus sheets and commission payouts.
• Maintain accurate and current insurance carrier information.
• Serve as a liaison among insurance carriers, financial advisors, and internal stakeholders.
• Assist with commission-related activities associated with mergers and acquisitions.

Recurring Financial Reporting

• Prepare recurring financial statements and supporting schedules.
• Assemble management reporting packages.
• Prepare budget-to-actual, variance, and KPI reports.
• Identify, research, and document material data variances.
• Respond to recurring financial data requests.
• Maintain organized reporting files, supporting documentation, and data definitions.
• Improve the consistency and efficiency of recurring reporting processes in coordination with the CEO and CFO.
• Support financial analysis, interpretation, consolidated reporting, and strategic finance decisions.

401(k) Plan Billing and Reconciliation

• Prepare routine plan and vendor billing and related customer or plan support.
• Research billing variances and follow up on outstanding items.
• Prepare supporting documentation for billing corrections as needed.
• Maintain clear and organized billing and reconciliation documentation.
• Monitor aging and outstanding billing items and ensure timely follow-up.
• Review billing information for accuracy and promptly identify and correct errors.

Job Requirements:

• Bachelor’s degree in Accounting, Finance, Business Administration, Economics, or a related field preferred.
• Two to four years of experience with commissions, financial reporting, accounting, or a related function preferred.
• Financial services experience is a plus.
• Experience processing or reconciling commissions and variable compensation preferred.
• Strong analytical and reconciliation skills with exceptional attention to detail.
• Ability to identify discrepancies, investigate underlying issues, and resolve errors promptly.
• Ability to manage recurring responsibilities and meet established monthly deadlines.
• Advanced proficiency with Microsoft Excel.
• Experience working with Salesforce and commission-related data preferred.
• Effective written and verbal communication skills.
• Ability to communicate clearly with financial advisors, insurance carriers, management, and internal stakeholders.