Associate, FA Compensation

Financial Advisor Compensation Processor

Under minimal supervision, uses specialized knowledge and skills obtained through experience and / or formal training to process all aspects of FA compensation. Recommends solutions to moderately complex problems. Maintain FA and Branch compensation data on a current basis, as well as keeping accurate records for each branch. Will have extensive contact with internal and external customers to identify, research, and resolve problems.

Essential Duties and Responsibilities :

• Acts as a compensation liaison to branch managers, financial advisors, division, and sales management. Providing excellent customer service, professionalism, and support.
• Reviews compensation agreements and ensures that they are calculated and administered correctly from employment agreements, contracts, stock grants, bonuses, schedule of payments, draw and deal level changes, terminated financial advisor balance, pre-approved discount exception accounts, and production matching as well as any other special arrangements.
• Reviews and processes all financial advisor compensation changes and ensures they are compliant with policies procedures and contracts and escalates any concerns to management.
• Calculates and reviews commissions and commission-related payments and changes using multiple unique, highly ambiguate systems to handle the complexity of various business unit compensation plans.
• Identifies potential process improvements to increase efficiency in processing or analyzing financial information.
• Prepares various journal, jet, and GSUP entries.
• Resolves or recommends solutions to moderately complex problems.
• May assist in training or leading other associates.
• Utilizes reporting software to assist in reconciliations related to problem resolution.
• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities :

Knowledge of :

Skill in :

Ability to :

Educational / Previous Experience Requirements :

Bachelor's : Accounting, Bachelor's : Business Administration, Bachelor's : Finance, Bachelor's : Human Resources Management

General Experience - 4 to 6 months

Certifications

Travel : Less than 25%

Workstyle : Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to : Grow professionally and inspire others to do the same; Work with and through others to achieve desired outcomes; Make prompt, pragmatic choices and act with the client in mind; Take ownership and hold themselves and others accountable for delivering results that matter; Contribute to the continuous evolution of the firm.

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.