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Administrator - Contracting & Compliance
2 weeks ago
Overview
OM Financial Inc. is an Managing General Agency and we sell life insurance products.
We are seeking a detail-oriented and highly organized Administrator to join our contracting and compliance team. This role is essential in managing and overseeing contractual agreements, ensuring compliance, and supporting the overall contract lifecycle. The ideal candidate will possess strong communication skills, attention to detail, and a thorough understanding of contract management processes. This position offers an opportunity to work within a dynamic environment where precision and professionalism are valued.
An LLQP ( Life Insurance License) certification would be an asset.
Duties:- Initiate, Organize and Complete contracts and related documentation.- Review and analyze contract terms and conditions- Ensure compliance with contract requirements and deadlines
Processing Advisor Commissions for Insurance and investments.
Must ensure that management and brokers receive their compensation statements from various insurance companies.
Submitting invoices, sending out agent T4A , managing debit balance report.
Handling compensation related issues.
Other administrative duties as required by management.
Coordinate with internal departments to gather necessary information for contract administration- Ensure advisors are licensed.- Other administrative duties as assigned by management.
Conduct advisor compliance audits to make sure advisors are following proper compliance procedures.
Skills:
Proficiency in using Apexa for Contracting
Experience with using Virtgate/wealthserve software is an asset
Excellent time management skills to meet deadlines and prioritize tasks- Attention to detail to ensure accuracy in contract administration
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint)- Ability to work independently and collaboratively in a team environment
Job Types: Full-time, Permanent
Pay: $38,500.00-$52,000.00 per year
Work Location: In person
