Commissions Accounting Manager en M Financial Group

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We embrace a progressive, dynamic mindset for every role. M Financial Group provides a professional community that actively supports individuals with diverse backgrounds and perspectives who come together to build and support best-in-class solutions.

Role Summary:
The Commissions Accounting Manager is the senior-most position on the Broker-Dealer Commissions team, reporting directly to the Director of Commissions & FINOP. This role oversees commissions processing for M Holdings Securities (a registered Broker-Dealer) and is responsible for ensuring timely and accurate completion of the team’s day-to-day functions, while also leading process improvements, data management initiatives, and providing escalation support to internal and external stakeholders. This position also serves as the primary escalation point for commission-related questions from M team members and M Member Firms regarding Registered Representatives of the Broker-Dealer. In addition, this role is responsible for commissions accounting and reconciliations, back-office systems analysis, and data integrity.

Responsibilities:

Accounting Close

• Lead and perform monthly and quarterly close activities in NetSuite for the Broker-Dealer (M Holdings Securities).
• Prepare monthly journal entries, accruals, reconciliations, and variance analyses.
• Support monthly revenue recognition and reporting processes, ensuring accuracy and completeness.
• Prepare and file monthly regulatory filings.
• Prepare audit-ready workpapers and supporting documentation; serve as a key contact for external auditors during interim and year-end audits.
• Collaborate with Internal Audit and Accounting teams to document and test internal controls.
• Prepare requested workpapers and documentation; serve as a key contact during regulatory exams and respond to examiner inquiries.
• Prepare and file annual 1099s for MHS Registered Representatives, coordinating with the internal Tax Team and providing support to recipients on questions.
• Assist in the preparation of financial presentations and reporting packages for senior management and Board-level meetings.
• Identify and implement process improvements and automation opportunities, working with teammates and cross-functional partners.
• Perform ad hoc financial analysis and deliver insights in a clear, actionable format.
• Perform other duties and special projects as assigned.

Commissions Processing

• Oversee the end-to-end processing of commissions for M Holdings Securities, ensuring accuracy, timeliness, and compliance with product provider agreements and internal policies.
• Manage commission-related cash receipts, reconciliations, and supervisory fees, ensuring proper recording within broker-dealer and accounting systems (BRACS, NetSuite, Commissions on Demand, Prism).
• Partner with Commission Specialists, M Member Firms, and internal teams to resolve data discrepancies, answer escalated questions, and maintain accurate Registered Representative payment information.
• Develop and deliver commission reporting and analysis to support management decision-making.
• Lead continuous improvements to commission practices, reporting, and system processes, maintaining clear process documentation.

Management

• Oversee the daily operations of professional staff including commissions processing and reporting and is responsible for ensuring the timeliness, completeness and accuracy of their associated processes.
• Evaluates effectiveness of team operations, assuring that teams are functioning per established policies and procedures and providing strong customer service to internal and external partners, customers and vendors.
• Own onboarding, training and development of Commission Specialists by creating and implementing training plans.
• Identify training gaps and needs and tailor training programs and materials as needed to fit individual needs.
• Perform peer-review of commissions received from insurance companies, mutual fund companies and various other financial services product providers.

Ad Hoc Requests and Reporting

• Serve as project manager and project team member on various Accounting and Finance Team or Broker Dealer projects.
• Support other departmental projects and data requests as needed.

Qualifications:

• Bachelor’s degree in Accounting
• CPA or CPA-eligible preferred
• Minimum 4 years of progressive accounting experience, preferably within a broker-dealer or financial services environment
• Experience with NetSuite or other ERP systems strongly preferred; experience with BRACS or other commission processing systems a plus
• Strong working knowledge of U.S. GAAP
• Willingness and ability to obtain FINRA Series 27 or Series 28 and other regulatory licenses as deemed necessary
• Advanced proficiency in Microsoft Excel; experience with data visualization or analytics tools a plus
• Strong organizational skills with a demonstrated ability to prioritize multiple projects and meet deadlines
• Excellent written and oral communication skills, including the ability to present financial data clearly
• Collaborative team player who is proactive, detail-oriented, and solution-focused
• Demonstrated ability to drive process improvements and work independently with minimal supervision

Job Conditions & Environment:

• This position is based on-site at our offices in Uptown at the Quad in Dallas, TX with the flexibility to work one day per week remotely
• Normal office environment/desk assignment
• Extensive use of PC’s, computer terminal, display, keyboard, and mouse
• Extensive work with documents, spreadsheets, and other written documents

This position description is not intended to be and should not be construed as an all-inclusive list of responsibilities, skills or working conditions associated with this position. While this description is intended to accurately reflect the position’s activities and requirements, management reserves the right to modify, add or remove duties as necessary.

M Financial is proud to be an equal opportunity workplace.