Commission Analyst (Mumbai Based)

The Commission Analyst plays a vital role in ensuring accurate and timely calculation and processing of sales commissions. This individual will be responsible for maintaining commission data, analyzing trends, and communicating effectively with various stakeholders. This role is crucial for supporting our sales teams motivation and ensuring our financial records are accurate.

Commission Calculation:

• Calculate sales commissions for [specify sales force - e.g., internal sales team, independent reps, distributors] based on established compensation plans and sales data.

• Ensure accuracy and timeliness of commission payments.

• Develop and maintain comprehensive spreadsheets and databases for tracking commission data.

Analysis:

• Analyze commission trends, identifying key performance indicators (KPIs) and areas for improvement.

• Provide regular reports to management on commission expenses, variances, and potential budget implications.

• Conduct ad-hoc analysis to support business decision-making related to sales compensation.

Month-End Close:

• Prepare and post accurate journal entries for commission accruals and expenses.

• Reconcile commission-related accounts and ensure proper documentation.

• Assist with the overall month-end close process for the accounting department.

Communication and Query Resolution:

• Respond to inquiries from sales representatives and managers regarding commission calculations and payments.

• Effectively communicate commission policies and procedures to relevant stakeholders.

• Collaborate with sales operations and other departments to resolve commission-related issues.

Professional degree: Bachelors degree in Finance, Accounting, or related field preferred.

Graduate Program (MBA, MIB or Masters):

Number of years: 2-4 years of experience in analysis & reporting or a s