Career Opportunity
Role Title
Senior Compensation Administrator
Purpose of role
The Senior Compensation Administrator is accountable for the timely oversight and commission payments to our US and Canadian distributors. The Senior Compensation Administrator provides customer service at established service levels to the various distribution channels by accurately answering questions and/or resolving compensation inquiries.
Key ResponsibilitiesRespond to and ensure efficient & accurate resolution to daily telephone and email inquiries pertaining to compensation issues, meeting established service level standards
Research and investigate issues, recommend solutions, test and support implementation. Subject matter expert responsible for key projects, business analysis, and enhancement oversight
Handle escalation resolution with minimal or no supervision
Train and coach team members, maintain procedural documents, make and implement recommendations for process improvements, with appropriate authorizations and in accordance with applicable laws, regulations, and Foresters policies
Daily and ad hoc reporting for management, internal, and external customers including but not limited to Quality Review, production and SLA metrics, and producer commission reports
Assist in production work efforts on Compensation team
Process commission adjustments or corrections as needed
Provide customer service support through our dedicated 1-800 line. Phone support required on schedule and rotational basis
Key QualificationsEducation (minimum required): Post Secondary or equivalent field experience
Experience (minimum required): Minimum 3-5 years in the financial services industry
Advanced written and verbal communication skills to effectively communicate with internal and external customers and resolve escalations
Self-starter with demonstrated ability to prioritize own work and work of others
Results driven with strong ability to multi-task under pressure and time constraints to meet various deadlines while maintaining keen attention to detail
Decisive with good judgment/decision-making skills to act effectively in resolving compensation issues
Requires highly developed and creative problem solving and analytical skills, ability to recognize and address discrepancies, anomalies, inconsistencies, and long-term implications of decisions and actions
Knowledge of producer and up-line commission structures for both Canada and the US
Ability to learn quickly and leverage new technologies
Ability to work within the hours of Insurance Operations (8:00am - 8:00 pm)
Must be available to work statutory holidays to support our US customers
Must be willing to work extended hours, evenings, and weekends during peak periods as required to meet SLA's
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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.
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