Compensation Associate, Business Transitions - Commonwealth Financial Network

Overview

If you’re looking for a high-energy, inclusive atmosphere and a company that understands the importance of work/life balance, Commonwealth is your match! From generous bonus and 401(k) programs to tuition reimbursement and flexible work schedules, Commonwealth is focused on helping its employees thrive in an environment suited to their needs. On top of all that, the Compensation department offers a hybrid work schedule, so you’ll be able to work from home for part of the week!

We’re looking for a compensation associate to join our ranks As a compensation associate you will collaborate with the Business Transition Task Force (BTTF) team and other departments to assist in the movement of revenue for all business transitions. In this role, you will have the opportunity to deliver exceptional service and a great experience for our advisors.

Key Responsibilities 

• Reviewing and updating business transition databases for current and future transitions
• Participating in biweekly meetings with the BTTF team
• Collaborating with the Business Transition Operations team to effectively drive data collection and account movement
• Providing timely and accurate summary notes to advisors through the Business Transition Operations team case manager
• Monitoring and auditing bimonthly revenue payments to advisors for equity, insurance, and advisory compensation
• Gathering input for legal agreements pertaining to business transitions
• Establishing earnout IDs to facilitate payments
• Maintaining oversight of all active business transition arrangements
• Performing special projects and tasks as needed

Core Strengths 

• Working knowledge of Microsoft Office (e.g., Word, Excel, Outlook); adept at quickly learning other Windows-based software
• Effective written and oral communication skills
• Expert-level attention to detail
• Promptly responds to last-minute issues and successfully manages high stress situations
• Manages recurrent duties and inquiries with dedication and accuracy
• Looks for opportunities to improve processes with a passion for quality assurance
• Solves problems in an efficient and professional manner
• Performs well both on a team and independently
• Exemplary phone skills
• Empathetic and responsible

Additional Skills and Knowledge

• College degree or equivalent professional experience is a must
• At least 1-2 years of customer service experience is preferred
• Prior experience working with financial advisors or in an advisor firm is a plus

Have we piqued your curiosity? Can you see yourself thriving in this opportunity? 

Picture Yourself Here 

At Commonwealth, we believe in a better world. We hold ourselves and each other to higher standards. We take care of one another. That’s why we invest in you—we encourage employee growth both in your career and education; we are building out a robust diversity, equity, and inclusion program; we offer incredible health care benefits; and we find plenty of occasions to celebrate. What’s not to love? 

We are always striving to be better, and we are looking for employees who share that same mindset. Better people, better coworkers, better leaders, better creators. Bring your best work and your full self to the table, and we will do the same. Together, we can build a better future for our advisors, their clients, our company, and you. 

About Commonwealth 

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides a suite of business solutions that empowers more than 2,000 independent financial advisors nationwide. Privately held since 1979, the firm has headquarters in Waltham, Massachusetts; San Diego, California and a new office opening soon in greater Cincinnati, Ohio. 

Turning our advisors into raving fans starts by doing the same for our employees. We foster an environment of excellence, growth, rewards, and fun in equal measure, which has earned us 44 Best Place to Work awards.   

The Fine Print 

We care about your online safety as a prospective employee and encourage you to exercise caution when responding to job postings online. Commonwealth will never ask potential hiring candidates to pay or transfer funds as a precondition of interviews or employment, nor will we authorize recruiters or agents to do so on our behalf.  

Commonwealth is an equal opportunity employer, making intentional efforts to source talent from all backgrounds.   

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