Commission Administrator

4 weeks ago

Toronto, Canada Transamerica Full time

Job Family

Operations - General
- About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information, visit- .

Who We Are

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services.

What We Do

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology).

Job Description Summary

The Commissions Administrator roll focuses one two key aspects of our business, processing commissions to our field and handling the account rill-up process for Canada. The Commission Administrator will handle research, prepare, process and report the compensation activities related to insurance and investment products.

**Job Description**:
**Responsibilities**:

- Research and prepare spreadsheets of compensation data for processing.
- Verify when deposits/funding are received and reconcile against compensation data.
- Process compensation according to compensation cycle schedules.
- Log and maintain recordkeeping of original and modified compensation data.
- Communicate with third party vendors regarding compensation issues.
- Reconcile semi-weekly commission cycles; analyze batch totals for payment cycle processing.
- Prepare monthly processing and compensation reports.
- Research and resolve held compensation records due to deficiencies.
- Track and maintain log of individuals contacted regarding outstanding debt balances.
- Work with other departments to resolve issues as needed.
- Cross-train on multiple desk duties within the Commissions department.
- Handle ad hoc duties related to projects and assignments as required.

**Qualifications**:

- Degree/diploma in business management, administration or accounting, or equivalent experience
- One year of relevant work experience
- Math aptitude and attention to detail
- Written/verbal communication skills to interact with internal and external contacts
- Analytical and problem-solving skills
- Ability to work independently and multi-task in a fast-paced environment
- Proficiency using spreadsheets and MS Office tools

Preferred Qualifications
- SQL database experience
- WinFund platform experience
- Insurance/financial services industry experience
- Bilingual (French/English)

Working Conditions
- Office environment

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits- Competitive Pay-
- Bonus for Eligible EmployeesBenefits Package- Pension Plan-
- 401k Match-
- Employee Stock Purchase Plan-
- Tuition Reimbursement-
- Disability Insurance-
- Medical Insurance-
- Dental Insurance-
- Vision Insurance-
- Employee Discounts-
- Career Training & Development OpportunitiesHealth and Work/Life Balance Benefits- Paid Time Off starting at 160 hours annually for employees in their first year of service.-
- Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).-
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars-
- Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopte

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