Commission Analyst Resume Hartford, CT - Hire IT People

SUMMARY:

Business analyst with an MBA offering 10+ years of deep functional expertise in health insurance, financial services and banking domains. Strong analytical skills, communication skills and excellent interpersonal skills. Aiming to utilize my industry domain knowledge along with strong analytical abilities to make organizations successful.
Extensive experience in Healthcare (Broker/Dealer Compensation) and Retail Banking domain.
Proficient in gathering and analyzing the Business Requirements by user stories and use cases, documenting System Requirement Specifications, Functional Requirement Specifications, Requirements Traceability Matrix.
Well versed in project management tools like MS - Project for status reporting and planning.
Strong Knowledge of Software Development Life Cycle (SDLC), development methodologies like RUP, Waterfall, Scrum(Agile) and Project Management activities.
Knowledge of Test Plans, Test Cases, Test Scenarios and Test Strategies to ensure Quality Assurance.
Experienced in working with Cross Functional Teams and interacting with all levels of management for requirements, resources and project status and delivering custom applications in phases.
Trained in Salesforce CRM (admin)
Financial Analysis, Audit and Research
Retail Banking, Forex Transactions, Treasury Operations experienced.

PROFESSIONAL EXPERIENCE:

Confidential, Hartford, CT

Commission Analyst

Responsibilities:

Managing the triple constraints (time, resources & scope) of the commission projects.
Prepare monthly, quarterly and annual internal reports of commission and sales incentive compensation expense.
Review and improve data processes needed for commission and other key financial components including membership and premium.
Review and analyze the impact of mergers, agent of record changes, plan design changes to broker comp. plan.
Ensure procedures are in place and followed to ensure compliance with state producer\broker licensing, appointment and renewal process. internal and/or external representatives regarding commissions and incentive compensation payments.
Interface with the IT department to implement changes to commission or internal compensation programs.
Reconcile data and results of commissions and sales comp. with other internal reports
Support other finance functions from a data & systems perspective as required.

Confidential

Team Lead

Responsibilities:

Carry out diverse Treasury and Correspondent Banking activities relating to client accounts and static data setups and maintenance.
Maintain Billing and Rebates System, for charging the clients for their USD Nostro accounts held with AEB, New York
Team Leader experience in Static & Client Data Group.
Issue Audit Certificates/Statements for clients who maintain accounts with AEB New York & European Countries.
Treasury Data and trend analysis.
Prepare Monthly Operations Report for carrying out the cost analysis of the department and suggesting improvements that would lead to better management of the department’s funds.

Confidential

Assistant Manager

Responsibilities:

Authorization of all transactions in the branch - personal banking as well as teller transactions
Cash Management - supervising high volume cash deposits, withdrawals, demand Draft, transfers etc.
NRI Banking- opening Non Resident (NR)accounts, NR Fixed Deposits and handling various other NR queries.
Supervising ATM management - Forecasting the cash demand and setting the cash limits for ATM (weekdays and weekends).Also doing weekly checks for Branch and off location ATMs.
Monitoring all critical accounts of the branch - Checking all critical Suspense Accounts (General Ledger) at end of day and reconciling them.
Authorization of FOREX Transactions - Supervising foreign currency cash deposit, Demand draft, Travelers Check, Telegraphic Transfers.
Cross-selling of products - DEMAT, Assets, Credit Card, Insurance and meeting the cross sell monthly targets.
Customer Service & complaint handling - Dealing with customer queries relating to accounts, deposits, tax etc and resolving them.
Vault Operations Management- Being a vault custodian, setting vault limits and co-ordinate with the Region Head for excess cash ratifications (if any).
Coordinating with Currency Chest- Placing cash requirements for the branch and offloading excess cash to the chest at the end of day.
Meeting sales targets - number target (for accounts) as well as value target (for deposits).