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Commissions Analyst skills for your resume and career
15 commissions analyst skills for your resume and career
1. Calculation
- Developed matrix type calculation process while establishing complete audit trail for specialized commission calculations where no process previously existed.
- Communicate with Business Executives and Sales Managers to accurately provide information detailing the calculation of the commission statement.
2. Payroll
Payroll is the sum of all the compensation that an organization has to pay to employees at a specified time. Payroll is managed by the finance or HR department while small business owners may handle it themselves. Payroll isn't fixed as it varies every month due to sick leaves, overtime, etc.
- Prepared adjustments before commissions are finalized and transmitted to the payroll department.
- Reconciled payroll check distribution and permanent employee advance accounts monthly.
3. Salesforce
Salesforce is an American cloud-based software company based in San Francisco, California. This company provides customer relationship management services that enable the customers to be closer to the company. It gives the company detailed information about each customer, including marketing, sales, commerce, and services. Salesforce also helps market a product to attract more buyers, and helps win more customers by targeting the right audience.
- Pull commission reports from SalesForce and Wizard System's weekly or as needed for the CRC and ARM Team's.
- Researched/Compared billing system (CSG) to sales software (SalesForce) and contracts for confirmation of commission earned.
4. HR
HR stands for human resources and is used to describe the set of people who work for a company or an organization. HR responsibilities revolve around updating employee records and carrying out management processes like planning, recruitment, evaluation, and selection processes. HR is a key contributor to any company or organization's growth as they are in charge of hiring the right employees, processing payrolls, conducting disciplinary actions, etc.
- Partnered with HR Compensation, Operations Center, Sales Finance and Sales to ensure the proper application of policies and procedures.
- Manage commissions operation while working with cross-functional teams (HR, Finance, Sales Operations, and IT).
5. Pivot Tables
A pivot table is a technique used in data processing to arrange and rearrange statistics to prioritize useful information. The aim of a pivot table is to summarize the findings and interpretations of the data extracted. Pivot tables take information from a database or spreadsheet to report sums, average, and other such statistics. This technique is integral to data analysis since it turns the data to view it from different lenses and perspectives.
- Collected sales trends, record, and evaluated performance calculated against sales quotas using pivot tables within excel (quarterly).
- Validated and input approved compensation agreements into Microsoft Excel (Pivot Tables, V-Look up, Comp Statements).
6. Reconciliations
- Process policy year reconciliations sent over from Underwriting.
- Performed general ledger account analysis and reconciliations.
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CRM stands for Customer relationship management and it is a complete process through which a business or organization monitors and administers its interactions with the customers. A process in which large amounts of data are collected through marketing via a company's website, polls, surveys, and other social media applications. The basic goal of CRM is to target the right audience for their product, and then fulfill their needs, to increase the sales and revenue of the company.
- Utilize SAP and CRM systems to verify and report data.
- Configure and implement CRM functional and application modules, encompassing account and contact management and commission management.
8. Process Improvement
- Provide overview and recommendations regarding sales exceptions, requirements, and process improvements.
- Identified root causes of reoccurring inquiries and contributed towards developing process improvements.
9. Sales Management
- Consolidate Protection Requests and the relevant supporting documentation and present to Sales Management and Segment Finance for Monthly review.
- Consolidate Protection Requests/Forgiveness and relevant supporting documentation to present to Sales Management and Segment Finance head.
10. Accruals
- Calculated and booked monthly commission accruals.
- Calculated commission projections and accruals.
11. PowerPoint
- Prepared PowerPoint presentations to present the calculations and data analysis to Management at the monthly Sales Committee Meeting.
- Prepared ad hoc financial and forecasting reports as required by Management utilizing Excel, Access and PowerPoint.
12. SQL
- Retrieved, gathered data from SQL reports, billings, invoices, contracts and manipulated the data into excel spreadsheets.
- Experience with SQL, Profile Banking System, Profile for Windows, and other proprietary systems.
13. Sales Organization
Sales organization is part of a firm or company's entire business organization, which is focused on the distribution of goods. The sales organization is responsible for the efficient allocation of goods and services to the client. This is also defined as the group of individuals working together to market a product and sell to consumers or clients. And the sales organization is tasked with planning and controlling activities to include recruitment, orientation, and training of employees and the assigning to their tasks, supervision, and motivation to perform well.
- Perform reporting, calculations, and analysis activities for commission compensation plans for sales organization.
- Maintained hard/soft copy filing systems for sales organization pertaining to SOX-complying compensation plans.
14. SOX
- Helped meet SOX compliance by auditing bi-weekly commission statements and completing documentation for external auditors.
- Assisted in reassessing the current commission process and implementing value-added changes in order to satisfy the requirements of SOX 404.
15. Sales Reps
- Work cross functionally and effectively interact with other departments and with Sales Reps/Managers/District Managers.
- Processed commissions for sales reps on approximately 45 different compensation plans.
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What skills help Commissions Analysts find jobs?
Tell us what job you are looking for, we’ll show you what skills employers want.
What Commissions Analyst skills would you recommend for someone trying to advance their career?
Fang Lin
Assistant Professor of Finance, Pacific Lutheran University
What type of skills will young Commissions Analysts need?
Professor, University of Redlands
What soft skills should all Commissions Analysts possess?
Associate Dean, University of South Alabama
For example, as we saw last spring, the ability to be flexible and adaptable to change is critical. To be adaptable, graduates will need strong critical thinking/problem solving skills.
Importantly, graduates must be able to work independently. We often see students who want to be told exactly what to do and how to do it. Graduates in the current market need to be able to use their critical thinking skills to figure out how to accomplish goals and have the ability to work independently to reach the goals.
Also important are interpersonal skills needed to be a successful member of a team, whether the team is remote or in person.
With flexible hours and remote work, time management has also increased in importance.
What hard/technical skills are most important for Commissions Analysts?
Candace Esken Ph.D.
Assistant Professor of Management & Leadership, Bradley University
List of commissions analyst skills to add to your resume
The most important skills for a commissions analyst resume and required skills for a commissions analyst to have include:
- Calculation
- Payroll
- Salesforce
- HR
- Pivot Tables
- Reconciliations
- CRM
- Process Improvement
- Sales Management
- Accruals
- PowerPoint
- SQL
- Sales Organization
- SOX
- Sales Reps
- Incentive Programs
- Commission Processing
- Desktop Procedures
- Sales Compensation
- Sales Commissions
- Sales Data
- Internal Controls
- Data Analysis
- Commission System
- Financial Reports
- Commission Issues
- Appeals
- Commission Data
- Commission Inquiries
- Journal Entries
- Compensation Issues
- Commission Adjustments
- PeopleSoft
- UAT
- Variance Analysis
- Americas
- Commission Checks
- Broker Commissions
- EMEA
- Gl
- Revenue Recognition
- Financial Statements
- Indirect Sales
- Sales Associates
- Commission Rates
- POS
- Compensation Data
- RAN
Updated January 8, 2025