Finance Analyst – Commissions

About Cornmarket

Cornmarket Group Financial Services Ltd. has been dedicated to supporting the financial wellbeing of public sector employees and their families for over 50 years. Their offerings include a wide range of financial services such as car, home, health and life insurance, income protection, retirement planning, and more.

Role Purpose

The Finance Analyst – Commissions will be responsible for the precise processing and reconciliation of commission income from insurance partners across Cornmarket's product portfolio. This role involves analysing commission performance against projections, investigating discrepancies, preparing management reports, supporting budget and forecast activities, and enhancing controls and reporting systems for commissions.

Key Responsibilities

• Accurately process and reconcile commission income received from various insurance providers.
• Compare actual commission payments with expected amounts and investigate any variances.
• Communicate with insurance companies and internal teams to resolve outstanding or mismatched items.
• Generate timely and accurate management reports on commission incomes and variances.
• Develop and update commission reporting tools, including Power BI dashboards.
• Assist in budgeting and forecasting of commission income figures.
• Establish and maintain controls and procedures to ensure appropriate commission deductions from premiums.
• Keep a centralized register documenting commission agreements, rates, and related materials.
• Identify opportunities to enhance and automate commission processes.
• Perform any other duties relevant to the role as required.

Required Skills and Experience

• Practical experience in financial administration, commission reconciliation, or similar finance functions.
• Proficiency with Microsoft Excel and general Microsoft Office tools.
• Experience creating management information and conducting variance analysis.
• Strong numerical aptitude, analytical thinking, and effective problem-solving abilities.
• Meticulous attention to detail to maintain high accuracy.
• Capability to prioritize tasks effectively and meet deadlines.

Desirable Qualifications and Experience

• Background in insurance, financial services, or premium and commission processing.
• Familiarity with Cornmarket’s range of financial products and services.
• Experience utilizing Power BI or similar data visualization and reporting tools.
• Relevant finance, accounting, or insurance professional qualifications.

Benefits and Perks

• Flexible work-from-home options as part of Cornmarket’s flexible working model.
• Substantial investment in professional development, including support for insurance and relevant professional qualifications.
• Annual leave plus flexi leave allowing for additional time off.
• Attractive and flexible pension contribution plans.
• Health insurance or wellness subsidies.
• Comprehensive paid family leave (maternity, paternity, surrogacy).
• Performance-linked bonus and commission structure.
• Discounts on financial products offered by Cornmarket.
• Robust health and wellbeing programmes.
• Access to Employee Assistance Programmes.
• Active Sports and Social Club involvement opportunities.

Desired Behavioural Competencies

• Strong sense of accountability and ownership over responsibilities.
• Analytical approach with effective problem-solving skills.
• Good planning and organisational capabilities.
• Excellent attention to detail.
• Collaboration and effective stakeholder management skills.
• Clear and concise communication abilities.
• Commitment to continuous improvement.
• Awareness of risk management and control procedures.

Additional Information

Cornmarket is dedicated to fostering an inclusive and diverse workplace. The company is an equal opportunity employer welcoming applications without discrimination on the basis of age, disability, ethnicity, family status, gender identity, marital status, Traveller Community membership, nationality, race, religion, or sexual orientation. Accommodations are provided for qualified individuals with disabilities throughout the hiring process. For details on data privacy related to recruitment, applicants can refer to the company’s Recruitment Data Privacy Notice.