Fee & Commission Analyst (6 - 12 Months Fixed Term Contract)

• Execute the monthly adviser payrun via X-plan and CommPay, ensuring all payments are accurate, timely, and fully reconciled.
• Prepare and validate individual remuneration reports for each adviser, supporting transparency and adviser confidence.
• Produce master reconciliation sheets for internal checks by the Finance & People & Culture team.
• Match out suspense items, resolving any discrepancies or issues that arise during the payrun process.
• Answer adviser queries on fees and commission items, providing prompt and accurate responses to ensure clarity and understanding.
• Liaise with Payment Operations, Finance, and P&C to ensure smooth handoffs and alignment across functions.

Process Improvement & Project Work

• Participate in the adviser compensation working group, offering input on structuring pay frameworks, ratchets, performance tiers, and incentive alignment.
• Identify and recommend improvements in payrun processes, reporting tools, and adviser communication.

Governance & Conduct

• Ensure all activities align with FCA Consumer Duty principles, ensuring fair treatment and positive outcomes for advisers and clients.
• Maintain high levels of discretion and data integrity when handling sensitive pay and performance information.

Knowledge

• Solid understanding of how a wealth management practice operates, with experience working with wealth/financial advisers and compensation structures.
• A good understanding of fees and commissions, along with agency and provider products, to facilitate informed decision-making and reporting.
• Familiarity with fees and commissions processes and associated systems, such as X-plan and CommPay.

Qualifications

• Degree or equivalent experience in Finance, Accounting, Economics, Mathematics, or related field (desirable).
• Progress toward a financial qualification (e.g. AAT, ACCA, CIMA) is a plus but not essential.
• Experience-based hires with strong technical and system knowledge will be considered equally.

Skills/Other relevant information

• Must be able to work to tight deadlines while maintaining a high level of numeracy and accuracy.
• Knowledge of accounting or commission packages, such as X-plan and CommPay, is essential.
• Excellent Excel skills (e.g., lookups, pivots, basic modelling) and ability to work with large, complex datasets.
• Quick learner with the ability to follow process maps and instructional videos effectively.
• Discreet and professional when working with sensitive data, maintaining confidentiality and compliance with regulatory standards.