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
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 SLAs.
#LI-Hybrid
Salary Range:
$43000 - $63000
The actual base salary for this position will depend on several factors including job-related skills experience and addition to base pay eligible employees may participate in a discretionary variable incentive plan results are subject to both individual and company performance.
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 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.
Required Experience:
Unclear Seniority
Commissions Administrator (12-month contract) • Toronto, Ontario, Canada
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