Fee & Commission Analyst

Purpose

The Fee & Commission Analyst will play a critical role in ensuring Advisers are paid accurately and on time by executing the monthly adviser payrun. The role involves processing remuneration models, reconciling income data, and producing detailed adviser remuneration reports using systems such as X-plan and CommPay.

This role sits at the intersection of Commercial Finance and the People & Culture team, supporting the business in developing and evolving adviser compensation structures. It will also contribute in a cross-functional working group aimed at enhancing adviser pay models and alignment with long-term business strategy.

Responsibilities

Adviser Payrun & Reporting

• Execute the monthly adviser payrun via X-plan and CommPay, ensuring all payments are accurate, timely, and fully reconciled.
• Prepare and validate individual remuneration reports for each adviser, supporting transparency and adviser confidence.
• Produce monthly revenue reconciliations.
• Produce master reconciliation sheets for internal checks by the Finance & People & Culture team.

• Match out suspense items, resolving any discrepancies or issues that arise during the payrun process.
• Answer adviser queries on fees and commission items, providing prompt and accurate responses to ensure clarity and understanding.
• Liaise with Payment Operations, Finance, and P&C to ensure smooth handoffs and alignment across functions.

• Participate in the adviser compensation working group, offering input on structuring pay frameworks, ratchets, performance tiers, and incentive alignment.
• Identify and recommend improvements in payrun processes, reporting tools, and adviser communication.

• Ensure all activities align with FCA Consumer Duty principles, ensuring fair treatment and positive outcomes for advisers and clients.
• Maintain high levels of discretion and data integrity when handling sensitive pay and performance information.

Knowledge

• Solid understanding of how a wealth management practice operates, with experience working with wealth/financial advisers and compensation structures.
• A good understanding of Revenue Reconciliations Processes
• A good understanding of fees and commissions, along with agency and provider products, to facilitate informed decision-making and reporting.
• Familiarity with fees and commissions processes and associated systems, such as X-plan and CommPay.

• Degree or equivalent experience in Finance, Accounting, Economics, Mathematics, or related field (desirable).
• Progress toward a financial qualification (e.g. AAT, ACCA, CIMA) is a plus but not essential.
• Experience-based hires with strong technical and system knowledge will be considered equally.

• Must be able to work to tight deadlines while maintaining a high level of numeracy and accuracy.
• Knowledge of accounting or commission packages, such as X-plan and CommPay, is essential.
• Excellent Excel skills (e.g., lookups, pivots, basic modelling) and ability to work with large, complex datasets.
• Quick learner with the ability to follow process maps and instructional videos effectively.
• Discreet and professional when working with sensitive data, maintaining confidentiality and compliance with regulatory standards.