Commissions Administrator

Foresters Financial; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A financial services company in Toronto is seeking a Commissions Administrator to manage commissions and respond to inquiries. The ideal candidate will have strong analytical and problem-solving skills, along with advanced Excel knowledge. Responsibilities include preparing commission reports, ensuring accurate payments, and assisting with debt collection. The position emphasizes attention to detail and multitasking abilities. The company values diversity and inclusion and offers accommodation during the recruitment process.

Responsibilities

• Prepare weekly and monthly commission runs and reports.
• Perform compensation adjustments based on policy changes.
• Ensure commissions are paid out correctly and investigate inconsistencies.
• Provide commission information as requested in a timely manner.
• Input data accurately into the system.
• Track information and assist with debt collection processes.
• Handle commission debt repayments from agents.
• Respond to inquiries about compensation issues.

Skills

Strong analytical and problem-solving skills

Good mathematical skills

Intermediate to advanced knowledge of Microsoft Excel

Strong communication skills

Strong attention to detail and accuracy

Able to multi-task and shift priorities

Accounting and bookkeeping background

Bilingual (French and English)

Job description

Career Opportunity Role Title Commissions 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.

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

• Strong analytical and problem-solving skills
• Good mathematical skills
• Intermediate to advanced knowledge of Microsoft 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

#LI-Hybrid

Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.

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 [e-mail] 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.