Commission Administrator

Career Opportunity

Role Title

Commission Administrator

Purpose of role

To investigate and answer insurance adviser telephone and email commission enquiries regarding all aspects of their compensation. In addition to processing all account activities to ensure that the adviser tight payrun deadlines are met.

Job Description

Key Responsibilities

• Prepare weekly and monthly commission runs and reports
• Perform compensation adjustments based on policy changes
• Ensure commissions are paid out correctly and investigate any inconsistencies
• Provide commission information as requested in a timely manner to both internal and external contacts
• Input data accurately into the system
• Track information and assist with the debt collection processes of agents and agencies
• Handle commission debt repayments from agents and agencies
• Respond to and ensure efficient and accurate resolution to daily telephone and email inquiries pertaining to compensation issues, meeting established service level standards.
• Other duties as required

Key Qualifications

• Education (minimum required): College Diploma or equivalent work experience
• Post Secondary degree or equivalent field experience is an asset
• 1-2 years of experience in Insurance Industry is required
• Strong analytical and problem-solving skills
• Good mathematical skills
• Accurate keyboarding skills with good working knowledge of Word and Excel.
• Strong communication skills
• Strong attention to detail and accuracy
• Able to multi-task and shift priorities given the time constraints and deadlines
• Accounting and bookkeeping background would be an asset
• Bilingual (French and English) is an asset
• Excellent written and verbal communication skills.
• Requires strong ability to multi-task under pressure and time constraints to meet various deadlines while maintaining keen attention to detail.
• Able to respond to constantly changing needs and schedules and to organize and prioritize workload.
• Decisive with good judgment/decision-making skills to act effectively in resolving compensation issues.
• Requires well-developed problem solving and analytical skills.
• Ability to work within the hours of Insurance Operations (8:00am – 8:00 pm).
• Must be willing to work extended hours, evenings, and weekends during peak periods as required to meet SLA’s.

#LI-Hybrid

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [email protected] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.