Senior Commissions Analyst

1 week ago

Cape Town, Western Cape, South Africa Mukuru Full time
Senior Commissions Analyst Job Description

We are seeking a highly skilled Senior Commissions Analyst to join our team at Mukuru. As a key member of our organization, you will play a pivotal role in maintaining, developing, and implementing market-leading commission models that align with our growth and profit objectives.

Key Responsibilities:
  • Maintain and improve commission models to ensure accuracy and compliance
  • Identify and explore data sources and enhancements for commission modelling
  • Monitor and evaluate model performance against actual experience
  • Develop and implement commission strategies for new and existing business
  • Collaborate with cross-functional teams to achieve growth and profit objectives
  • Support the development of new and innovative products through commission structures
  • Implement and maintain governance frameworks for commission models
  • Achieve growth and profit objectives through commission strategies
  • Conduct regular audits and reviews of commission calculations
  • Conduct regular commission model reviews and adjustments
  • Analyse market trends and competitor commission structures
  • Optimize commission payout structures for sales teams
  • Provide data-driven insights to guide decision-making
  • Conduct ad-hoc analyses to address specific business questions
  • Prepare and present commission-related reports and findings to stakeholders
  • Optimise commission models to align with regulatory requirements
  • Recommend process improvements to enhance commission efficiency
  • Develop and maintain documentation for commission policies and procedures
  • Assist in the design of compensation and incentive programs
  • Analyse sales data to identify opportunities for improvement
  • Evaluate the impact of commission changes on sales team performance
  • Monitor and report on commission plan effectiveness
  • Ensure timely and accurate commission payouts
  • Conduct sensitivity analysis on commission models
  • Develop and deliver training on commission-related topics
  • Stay updated on industry best practices and trends in commission structures
  • Collaborate with IT teams for data extraction and automation
  • Collaborate with IT teams to ensure data accuracy and integrity
  • Maintain confidentiality of sensitive compensation information
  • Monitor compliance with commission-related policies and guidelines
  • Participate in budgeting and forecasting processes related to commissions
  • Assist in the development of commission budget allocation strategies
  • Respond to inquiries and resolve commission-related issues
  • Assist in the implementation of commission software and tools
  • Foster a culture of data-driven decision-making
  • Maintain documentation of commission model methodologies
  • Drive continuous improvement in commission-related processes and methodologies
Requirements:
  • Grade 12 or equivalent (Essential)
  • Bachelor's degree in Finance, Economics, Business, or related field
  • Bachelor's degree in Actuarial Sciences (Preferred)
  • Certification in financial analysis or data analytics is a plus
  • Master of Business Administration (Desirable)
  • 5-7 years' Experience in financial analysis, commission modelling, or related roles
  • 5 -7 years' Experience with commission software and data analytics tools
  • Knowledge of regulatory requirements related to compensation and commissions
  • Experience in a sales-driven industry is advantageous
  • Experience in the financial services or insurance industry is advantageous
  • Prior experience in product development and strategy is a plus
  • Demonstrated ability to work with large datasets and complex models
  • Strong proficiency in Excel spreadsheet and data analysis software

We are an equal opportunities employer and welcome applications from diverse candidates. If you are passionate about commission analysis and strategy, and have the required skills and experience, please submit your application.

Please note that all staff appointments will be made with due consideration of the company's diversity and inclusion plans.

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