Commission & Payments Specialist

Transamerica; Cedar Rapids (IA); Hybrid; USD 25,000 - 29,000; Full time

Benefits offered by this job

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Job summary

Transamerica is hiring for a Commission Payments Specialist to research, reconcile, and process high-volume agent commissions for Transamerica Financial Advisors and World Financial Group. The role handles inquiries, ensures timely payments, and maintains accuracy across multiple providers and regions.

The position requires a bachelor’s degree in accounting or business, strong math skills, and proficiency in MS Excel, with SQL knowledge preferred.

Qualifications

• Bachelor’s degree in accounting or business field, or equivalent experience.
• Strong math aptitude and research skills.
• Attention to detail and good communication abilities.
• Proficiency using MS Excel; SQL knowledge preferred.

Responsibilities

• Support semi-weekly commission cycles for multiple providers in the U.S., Puerto Rico, and Canada.
• Enter key commission activities into commission systems for non-platinum providers.
• Ensure payments and statements are accurate and on time to meet regulatory and audit requirements.
• Verify deposits/funding and reconcile against compensation data.
• Resolve pending, on-hold, and chargeback items.
• Respond to routine agent inquiries and escalate as needed.
• Follow SOX-compliant procedures for segregation of duties.
• Communicate with third party providers regarding compensation issues.
• Run basic queries using SQL and other systems.
• Research commission and balancing issues and escalate for resolution.

Skills

Strong math aptitude

Research skills

Attention to detail

Good written and oral communication

Education

Bachelor’s degree in accounting or business field, or equivalent experience

Tools

MS Excel

SQL

Job description

Transamerica is hiring for a Commission Payments Specialist to research, reconcile, and process high-volume agent commissions for Transamerica Financial Advisors and World Financial Group. The role handles inquiries, ensures timely payments, and maintains accuracy across multiple providers and regions.

The position requires a bachelor’s degree in accounting or business, strong math skills, and proficiency in MS Excel, with SQL knowledge preferred.