Insurance Commissions Administrator

IDC Worldsource Insurance Network Inc.; Mississauga; On-site; CAD 45,000 - 55,000; Full time

Job summary

IDC Worldsource Insurance Network Inc. is seeking a Compensation Administrator to support the compensation processing function. The role includes processing weekly Life pay runs, reviewing and posting carrier statements, and handling broker inquiries.

The ideal candidate has at least 2 years of customer service experience, strong Excel skills, and a solid numerical acumen. This on-site Mississauga position offers a competitive salary and room for growth.

Qualifications

• Minimum of 2 years in a customer service oriented environment.
• Excellent oral and written communication skills with strong problem resolution skills.
• Dedicated team player with the ability to take the initiative and work independently.
• Working knowledge of Microsoft Products especially Excel.
• Strong aptitude for numbers.
• Industry experience and knowledge with Wealthserv, Fundserv, Multiview programs will be an asset.

Responsibilities

• Processing and reconciliation of the weekly Life pay run.
• Downloading, reviewing and posting carrier statements.
• Handling commission inquiries from brokers.
• Processing discretionary payouts for specified brokers and managing their reports.
• Managing debt recovery and collection process.
• Generation and submission of monthly reports.
• Performing other administrative functions as required and assigned.

Skills

Organizational skills

Attention to detail

Communication skills

Independent worker

Excel proficiency

Numerical aptitude

Wealthserv familiarity

Fundserv familiarity

Multiview familiarity

Tools

Wealthserv

Fundserv

Multiview

Microsoft Office

Job description

The role of the Compensation Administrator at IDC WIN is to provide key administrative support to the Compensation processing function of the company.

ESSENTIAL FUNCTIONS:

• Processing and reconciliation of the weekly Life pay run;
• Downloading, reviewing and posting carrier statements;
• Handling commission inquiries from brokers;
• Processing discretionary payouts for specified brokers and managing their individual reports;
• Managing debt recovery and collection process;
• Generation and submission of monthly reports;
• Performing other administrative functions as required and assigned.

JOB SPECIFICATIONS:

• Excellent organizational skills
• Strong attention-to-detail
• Minimum of 2 years in a customer service oriented environment
• Excellent oral and written communication skills with strong problem resolution skills
• Dedicated team player with the ability to take the initiative and work independently
• Working knowledge of Microsoft Products especially Excel
• Strong aptitude for numbers
• Industry experience and knowledge with Wealthserv, Fundserv, Multiview programs will be an asset

COMPENSATION:

Commensurate with experience; $45,000 to $55,000