Commission Administrator

3 weeks ago

Toronto, Canada Transamerica Full time

Job Family

Operations - General
- Who We Are

Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.
- What We Do
- Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology).

Job Description Summary

Handle research, preparation, processing and reporting of 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 adopted child, or placement of a foster care child.-
- Adoption Assistance-
- Employee Assistance Program-
- College Coach Program-
- Back-Up Care Program-
- PTO for Volunteer Hours-
- Employee Matching Gifts Program-
- Employee Resource Groups-
- Inclusion and Diversity Programs-
- Employee Recognition Program-
- Referral Bonus Programs-
- Peer Recognition Program (BRAVO)Inclusion & Diversity

Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign’s Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount’s “100 Best Companies” list.

In addition, as part of Transamerica’s commitment to maintaining an inclusive workplace, the company sponsors employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees and provide a supportive environment for raising diversity awareness and promoting inclusive behavior.

Giving Back

Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Throug

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