Field Compensation Associate

Canada Life, a member of the Power Financial Corporation group, is a leading provider of financial security needs for millions in Canada and beyond. The Field Compensation Associate will work with the Compensation Services team to address commission-related inquiries and ensure compliance, while also generating reports and maintaining data privacy.ResponsibilitiesIdentify, research, analyze and correct commission related inquiries for escalations in a timely mannerHandle the large case process for all regionsAssist with advisor/corporate override changes in the back-office system (WealthServ)Generate statements/reports from carriers’ websites, analyze and validate the data on the back-office system (WealthServ) and update it to post commissionsEnter MGA commissions in required databases ensuring data privacy and complianceUpdate the advisor/corporation debt in the WealthServ debt module as well as sending debt notices to advisors/corporations/Sales leaders/Senior Management ensuring data privacy and complianceParticipate in the pay process (push, validation, pay, …)Assist with the analysis of Finance variancesProvide vacation coverage and backup assistance for commission closeAdapt to workloads, multiple carriers and process changesCommunicate effectively with colleagues, internally and externallyProvide compensation information and reports as requiredCreate / maintain updated compensation posting process documentationStay up-to-date with the industry changes and all carriers’ processesSkillsUniversity degree or College diploma in a relevant fieldFluent in English and French, an assetExperience in a Compensation Insurance fieldExcel - Intermediate PlusMathematical and reconciliation skillsProven analytical and problem-solving abilities (critical thinking)Team player with a positive attitudePro-active, flexible, and have a sense of urgencyOrganizational, prioritization and time management skillsBenefitsCareer Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement.Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.Financial Security: Company-matching pension plan, share ownership program and additional investment options.Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.Company OverviewCanada Life looks after retirement, investments, Estate Planning, Wealth Management, Investing for Children, Flexible Life Plans. It was founded in 1903, and is headquartered in Potters Bar, Hertford, GBR, with a workforce of 10001+ employees. Its website is https://www.canadalife.co.uk/.



Apply To This Job