Want a meaningful career where you can make a difference? Edward Jones sounds perfect for you.
Collaboration. Autonomy. Opportunity. Words our headquarters associates use when talking about working at Edward Jones. Words that describe what it's like being part of a firm where everyone is aligned toward a singular focus: serving the client. And everyone is working to make the firm better together - as they grow as individuals. If these words resonate with you, we should talk.
Job Overview
Position Schedule: Full-Time
Overview:
Branch Compensation is responsible for the timely & accurate payment of all elements of Financial Advisor Compensation including Commissions, New FA Compensation, Trimester Bonus, Travel Award Program, etc. This position will work in collaboration with the Branch Compensation Department Leader to ensure team responsibilities, both recurring and ad hoc, are completed timely and accurately. This includes general ledger account reconciliations, journal entries, process improvements, process control enhancements, Financial Advisor escalations, Financial Advisor policy enhancements, compensation education and communication. Branch Compensation is a fast paced, highly complex environment with each associate responsible for many key processes throughout the month. Therefore, understanding upstream and downstream impacts of Financial Advisor Compensation, the ability to plan, organize and prioritize, think strategically, assist others and solve problems from routine to coamplex are crucial to the role.
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What You'll Do:
- Administer commission, bonus, and other incentive compensation programs ensuring complete, accurate, and timely calculations for 19,000+ Financial Advisors across US and Canada.
- Execute internal controls required for accurate calculation and payment of incentive compensation.
- Identify process improvements and efficiencies while being able to meet monthly close schedules. This includes driving results for simple to moderately complex enhancements.
- Build and maintain process documentation for incentive compensation programs within circle of responsibility. Train others in the department on how to administer incentive compensation programs within circle of responsibility.
- Provide excellent and prompt customer service to financial advisors. Resolve simple to moderately complex inquiries in respects to incentive compensation
- Prepare and reconcile incentive compensation reports on a monthly basis from multiple different sources and systems. Investigate and resolve differences.
- Work closely with team, other departments (cross divisional), and assist others in accomplishing tasks to meet deadlines. Lead individual initiatives or processes within areas of responsibility but may require input from others.
Edward Jones' compensation and benefits package includes medical and prescription drug, dental, vision, voluntary benefits (such as accident, hospital indemnity, and critical illness), short- and long-term disability, basic life, and basic AD&D coverage. Short- and long-term disability, basic life, and basic AD&D coverage are provided at no cost to associates. Edward Jones offers a 401k retirement plan, and tax-advantaged accounts: health savings account, and flexible spending account. Edward Jones observes ten paid holidays and provides 15 days of vacation for new associates beginning on January 1 of each year, as well as sick time, personal days, and a paid day for volunteerism. Associates may be eligible for bonuses and profit sharing. All associates are eligible for the firm's Employee Assistance Program. For more information on the Benefits available to Edward Jones associates, please visit our benefits page.
Hiring Minimum: $70659
Hiring Maximum: $116516
Read More About Job Overview
Skills/Requirements
What Experience You'll Need:
- Bachelor's degree required
- 1-2 years of related experience
- Advanced proficiency in Excel
- Strong communication and organizational skills
What Could Set You Apart:
- Bachelor's degree in accounting or finance, or related field
- 3-5 years of related experience
- Experience in financial service industry
- Experience administering incentive compensation programs
- Process improvement experience
- Prior experience with Power BI or related tools
Please note: Candidates that live within a commutable distance from our St. Louis, MO or Tempe, AZ home office locations are expected to work in the office three days per week, with preference for Tuesday through Thursday.
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Awards & Accolades
At Edward Jones, we are building a place where everyone feels like they belong. We're proud of our associates' contributions to the firm and the recognitions we have received.
Check out our U.S. awards and accolades: Insights & Information Blog Postings about Edward Jones
Check out our Canadian awards and accolades: Insights & Information Blog Postings about Edward Jones
Read More About Awards & Accolades
About Us
Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 8 million clients and 19,000 financial advisors across the U.S. and Canada, we're proud to be privately-owned, placing the focus on our clients rather than shareholder returns.
Behind everything we do is our purpose: We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging.
People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career.
View our Purpose, Inclusion and Citizenship Report.
¹Fortune 500, published June 2023, data as of December 2022. Compensation provided for using, not obtaining, the rating.
Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.
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