Mortgage Acct Commissions Analyst

About the role

SWBC is seeking a talented individual to interpret and track all variable compensation agreements. This role executes calculations and payment for all variable compensation employees on a bi-weekly, monthly, quarterly, and annual basis and creates and posts all variable compensation journal entries.

Responsibilities

• Understands and applies accounting literature to ensure that all recorded payroll transactions are consistent with generally accepted accounting principles.
• Prepares various reconciliations of commission and payroll reports and agrees to the general ledger. Discrepancies are researched and resolved.
• Executes the calculations and submissions of all commissions, bonuses, and other payroll incentives for Mortgage.
• Creates and posts month-end accruals for commissions, bonuses, and overrides for all mortgage branches.
• Reconciles the commission’s payable account to include researching differences and making appropriate corrections.
• Creates and posts all variable compensation payroll journal entries.
• Creates and distributes all statements and production reports for distribution to Mortgage employees prior to payroll distribution.
• Documents, tracks, and compares all executed compensation agreements and creates financial profiles in accounting software.
• Assists Accounting team with Vendor set-up requests.
• Accesses database to match the commissions to loan revenue in order to record the expense in the same month as the revenue.
• Updates draw schedules and notifies Mortgage Corp personnel if loan officer's payback of draw falls behind.
• Performs all other duties as assigned.

Requirements

• Bachelor’s Degree in Accounting, Finance, or related field from an accredited four-year college or university required.
• Minimum of five (5) years of accounting reconciliation, journal entry preparation, commissions, or related experience required.
• Experience with AMB preferred.
• Knowledge of Workday.
• Working knowledge of Generally Accepted Accounting Principles (GAAP).
• Working knowledge of Microsoft Office, including Outlook, Excel, and Access.
• Excellent organization and interpersonal skills.
• Excellent client engagement skills.
• Excellent verbal and written communication skills.
• Excellent listening and multi-tasking skills.
• Strong analytical and mathematical skills.
• Strong data entry and data validation skills.
• Able to use basic office equipment, including copy machine, personal computer, and fax.

Benefits

• Competitive overall compensation package
• Work/Life balance
• Employee engagement activities and recognition awards
• Years of Service awards
• Career enhancement and growth opportunities
• Leadership Academy and Mentor Program
• Continuing education and career certifications
• Variety of healthcare coverage options
• Traditional and Roth 401(k) retirement plans
• Lucrative Wellness Program

Based upon employee eligibility.