We're thrilled to announce a new and exciting opening for a Senior Commissions Analyst to join our team in Cape Town.
The Commissions Analyst plays a pivotal role in maintaining, developing, and implementing market-leading commission models, ensuring alignment with the organisation's growth and profit objectives. This role involves exploring data enhancements, owning model performance, and supporting innovative product development. The Commissions Analyst will also drive proper governance on commission models and provide crucial data-driven insights to support and advise the business.
The Commissions Analyst operates at the intersection of finance, analytics, and strategy within the organization. They are responsible for optimizing commission structures to incentivize sales and drive growth while ensuring accuracy and compliance. This role requires a deep understanding of financial modelling, data analysis, and business strategy.
Duties and Responsibilities (Include but are limited to):
Maintain, update, and improve commission models
Identify and explore data sources and enhancements for commission modelling
Monitor and evaluate model performance against actual experience
Take corrective actions to address weaknesses in commission models
Develop and implement commission strategies for new and existing business
Collaborate with cross-functional teams to achieve growth and profit objectives
Support the development of new and innovative products through commission structures
Implement and maintain governance frameworks for commission models
Achieve growth and profit objectives through commission strategies
Conduct regular audits and reviews of commission calculations
Conduct regular commission model reviews and adjustments
Analyse market trends and competitor commission structures
Optimize commission payout structures for sales teams
Provide data-driven insights to guide decision-making
Conduct ad-hoc analyses to address specific business questions
Prepare and present commission-related reports and findings to stakeholders
Optimise commission models to align with regulatory requirements.
Recommend process improvements to enhance commission efficiency
Develop and maintain documentation for commission policies and procedures
Assist in the design of compensation and incentive programs
Analyse sales data to identify opportunities for improvement
Evaluate the impact of commission changes on sales team performance
Monitor and report on commission plan effectiveness
Ensure timely and accurate commission payouts
Conduct sensitivity analysis on commission models
Develop and deliver training on commission-related topics
Stay updated on industry best practices and trends in commission structures
Collaborate with IT teams for data extraction and automation
Maintain confidentiality of sensitive compensation information
Monitor compliance with commission-related policies and guidelines
Participate in budgeting and forecasting processes related to commissions
Assist in the development of commission budget allocation strategies
Respond to inquiries and resolve commission-related issues
Assist in the implementation of commission software and tools
Drive continuous improvement in commission-related processes and methodologies
Key Requirements:
Grade 12 or equivalent (Essential)
Bachelor's degree in Finance, Economics, Business, or related field.
Bachelor's degree in Actuarial Sciences (Preferred)
Certification in financial analysis or data analytics is a plus.
Master of Business Administration (Desirable)
5-7 years' Experience in financial analysis, commission modelling, or related roles
5-7 years' Experience with commission software and data analytics tools
Knowledge of regulatory requirements related to compensation and commissions
Experience in a sales-driven industry is advantageous
Experience in the financial services or insurance industry is advantageous
Prior experience in product development and strategy is a plus
Demonstrated ability to work with large datasets and complex models
Strong proficiency in Excel spreadsheet and data analysis software
Additional Skills required:
Data Analysis
Modelling Expertise
Strategic Thinking
Governance and Risk Management
Communication and Presentation
Market Awareness
Problem Solving
Process Improvement
Attention to Detail
Budget Management
Interpersonal and Networking Skills
Advanced Excel skills
If you do not receive any response after two weeks, please consider your application unsuccessful.
NB: ALL STAFF APPOINTMENTS WILL BE MADE WITH DUE CONSIDERATION OF THE COMPANY'S DIVERSITY AND INCLUSION PLANS.
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