Bilingual Commissions Administrator

Posted 14 Days Ago
Be an Early Applicant
Toronto, ON, CAN
In-Office
43K-63K Annually
Junior
Insurance • Financial Services
The Role
Investigate and address commission inquiries from insurance advisers, ensuring timely payment and accurate processing of commission data while maintaining high service standards.
Summary Generated by Built In
Career Opportunity

Role Title

Bilingual Commissions Administrator

Purpose of role

To investigate and answer insurance adviser telephone and email commission enquiries regarding all aspects of their compensation. In addition to processing all account activities to ensure that the adviser tight payrun deadlines are met.

Job Description

Key Responsibilities
  • 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 on 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

Key Qualifications

  • College Diploma or equivalent work experience is required
  • Post Secondary degree or equivalent field experience is an asset
  • 1-2 years of experience in Insurance Industry is required
  • Fluently bilingual in both French and English (written and verbal)
  • Strong analytical and problem-solving skills
  • Good mathematical skills
  • Intermediate to advanced knowledge of Microsoft excel
  • Excellent written and verbal communication skills in French and English
  • Strong attention to detail and accuracy
  • Accounting and bookkeeping background would be an asset
  • 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.
  • Accurate keyboarding skills with good working knowledge of Word and Excel.
  • 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 SLA’s.

#LI-Hybrid

Salary Range:

$43,000.00 - $63,000.00

 

The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In 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 [email protected] 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.

Skills Required

  • College Diploma or equivalent work experience
  • 1-2 years of experience in Insurance Industry
  • Fluently bilingual in both French and English
  • Strong analytical and problem-solving skills
  • Good mathematical skills
  • Intermediate to advanced knowledge of Microsoft Excel
  • Excellent written and verbal communication skills in French and English
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The Company
HQ: Toronto, Ontario
1,509 Employees
Year Founded: 1874

What We Do

Foresters Financial is redefining the life insurance and individual savings industry across the U.S., Canada and UK by enriching the lives, communities, and overall well-being of its members. Agents and members alike appreciate the turnkey-decisioned product offerings and end-to-end digitized processes that make it easy to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver tailored plans to prospective and current members. Dedicated to its members’ well-being, Foresters offers a suite of member benefits and is redefining the conventional life insurance model, bringing improved financial security and overall wellness to everyday North American families. Foresters recently merged with Canada Protection Plan to become a leading life insurance distributor in Canada. Foresters Financial is the trade name for The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For 23 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best.

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