Commission and Compensation Specialist

1 month ago


Toronto, Ontario, Canada Foresters Financial Full time
Job Summary

Foresters Financial is seeking a highly skilled and detail-oriented Bilingual Commission Administrator to join our team. As a key member of our Insurance Operations department, you will be responsible for ensuring the accurate and timely payment of commissions to our agents and agencies.

Key Responsibilities
  • Commission Processing: Prepare and process weekly and monthly commission runs and reports, ensuring accuracy and compliance with company policies.
  • Compensation Adjustments: Perform adjustments to compensation based on policy changes, ensuring that agents and agencies are paid correctly.
  • Commission Inquiries: Respond to and resolve daily telephone and email inquiries related to compensation issues, meeting established service level standards.
  • Debt Collection: Track and assist with debt collection processes for agents and agencies, ensuring timely repayment of commission debt.
  • Administrative Tasks: Input data accurately into our system, perform data analysis, and maintain accurate records.
Key Qualifications
  • Education: College Diploma or equivalent work experience.
  • Industry Experience: 1-2 years of experience in the Insurance Industry, with a strong understanding of commission structures and compensation policies.
  • Skills: Strong analytical and problem-solving skills, good mathematical skills, accurate keyboarding skills, and excellent written and verbal communication skills.
  • Language: Bilingual (French and English) is an asset.
  • Work Environment: Ability to work in a fast-paced environment, with a strong attention to detail and ability to multi-task under pressure.

What We Offer: A dynamic and supportive work environment, opportunities for professional growth and development, and a competitive compensation package.


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