Incentive Compensation Accountant at StoneX Group

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

14 Jun, 26

Salary

0.0

Posted On

16 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Commissions, Bonus Calculations, Xactly Incent System, Excel, Oracle, GL Entries, Accruals, Data Entry, Problem-Solving, Reporting, System Upgrades, Integration, Testing, Contract Interpretation, Deadline Management

Industry

Financial Services

Description

Overview Position Purpose: Perform commissions and bonus calculations as well as ensure accuracy and quality in the processes and reporting. Responsibilities Primary Accountabilities/Responsibilities: Prepare and review monthly commission/bonus payout calculations for multiple groups including external Introducing Brokers and internal Producers utilizing the Xactly Incent System as well as Excel when required. Understand IB deals and Producer employment contracts to design in Xactly accurately the calculations and sources needed. Assist with system upgrades, integrations and consolidation. Crosstrain when required to be a cohesive team member. Prepare GL entries to post variable compensation accruals and other entries into Oracle. Adhere to deadlines and communicate effectively whenever that is not possible. Respond efficiently to our IB’s and Producers on any questions or disputes. Provide management reporting and respond to questions. Meet payroll and accounts payable deadlines to ensure timely payments. Reconcile the commissions/bonuses payment processing and communicate differences found. Cooperate with other departments when required. Review Dashboards and Reporting required for each user as necessary. Assist with Xactly updates and regression testing. Train and participate in development of Self and Commissions Team. Complete all mandatory training assigned by the company. Participates in developing enhanced reporting and effectiveness of the Commissions Department. This list of responsibilities may not be all-inclusive and can be expanded to include other duties or responsibilities as needed. Qualifications Job Requirements: 5 to 7 years work experience in Commissions or other Accounting/Finance function Bachelor’s degree in finance or accounting is preferred Proficient in Excel is a must Proficient in Oracle is preferred Proficient in Xactly is a plus Strong work ethic with emphasis on organization and attention to details Must be able to meet deadlines Maintains prompt and regular attendance Accurate and efficient data entry skills Excellent problem-solving skills Ability to work in a team environment and maintain a positive attitude

Responsibilities

The role involves preparing and reviewing monthly commission and bonus payout calculations for various groups using the Xactly Incent System and Excel. Responsibilities also include preparing general ledger entries for variable compensation accruals in Oracle and responding to inquiries regarding payments.