Associate Analyst Client Compensation
Where ambition meets innovation—build a career that matches your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.
About the role
As an Associate Client Compensation Consultant within our Client Compensation Processing Operations team, you will play a critical role in delivering expert solutions to middle and back-office operational inquiries and expediting advisor commission payments. You will have the opportunity to become a subject matter expert (SME) in the set-up of payout rules, products and sponsors, billing of fees and expenses, research and payout of advisor compensation, supporting financial advisors, and ensuring accurate and timely payments.
In this role, you will be responsible for activities related to the management and administration of financial advisors' commission payments, including working with internal stakeholders and fund companies to resolve complex commission problems and processing commission payments. Flexibility and adaptability to competing priorities will be key success factors for this position.
Responsibilities
- Develop expertise in Client Compensation Operations processing and procedures
- Serve as dedicated liaison, taking ownership of Client Compensation escalations
- Process transactions with precision and accuracy, ensuring accurate and timely payments flow to financial advisors and their firms
- Own and supervise firm-wide, multi-department projects to build or enhance experience workflows related to the department
- Proactively review audit controls to mitigate risk, remove redundant requirements, and increase transparency with audit partners
- Proactively assist with large-scale projects and transformation efforts
- Plan and champion initiatives that enhance the advisor experience and positively impact the broader LPL organization
Requirements
- Bachelor's Degree
- 3+ years of experience in operations roles within the financial services industry
- MS Office, with advanced Excel skills including formulas, macros, and Pivot tables
- Knowledge of Oracle (ComReg) functionality, BETA, Tumbleweed, and Salesforce preferred
Skills
- Customer-centric focus with a strong work ethic
- FINRA Securities Industries Essentials (SIE) Certification (preferred)
- Excellent verbal and written communication skills
- Working knowledge of process improvement methodology (Lean, Agile, Six Sigma) preferred
- Strong organizational and critical thinking skills
- Attention to detail with a problem-solving and process improvement mindset
- Ability to present complex information clearly and concisely
- Self-motivation, adaptability, and responsiveness to coaching and training
Benefits
LPL offers a highly competitive Total Rewards package designed to support your success at work, at home, and at play—such as 401K matching, health benefits, employee stock options, paid time off, and volunteer time off.
Pay
Pay Range: $21.00–$34.96/hour. Actual base salary varies based on factors including relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest-growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans.
The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.