Commissions Specialist (Entry Level) Job at Transamerica
Job Family
Operations - General
Who We Are
Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.
What We Do
Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology).
Job Description Summary
Research, reconcile and process high volume, high dollar agent commission payments for Transamerica Financial Advisors and/or World Financial Group. Answer commission related questions from agents and providers.
Job Description
Responsibilities
- Support semi-weekly commission cycles for multiple providers in the U.S. including Puerto Rico, and Canada.
- Key commission activities into commission systems for non-platinum providers.
- Ensure payments and statement processing are accurate and on time to prevent non-compliance with regulatory authorities (i.e. FINRA, SEC, IOI, etc.) and auditors.
- Verify when deposits/funding are received and reconcile against compensation data.
- Resolve pending, on hold, and chargeback items.
- Respond to routine agent inquiries; escalate to higher level staff as needed.
- Follow administrative procedures to ensure segregation of duties in compliance with SOX.
- Communicate with multiple third party providers regarding compensation issues on a variety of products.
- Run basic queries using SQL and other systems.
- Research commission and balancing issues and escalate to higher level staff for resolution as needed.
Qualifications
- Bachelor’s degree in accounting or business field, or equivalent experience
- Strong math aptitude
- Research skills and attention to detail
- Good written and oral communication skills
- Proficiency using MS Excel
Preferred Qualifications
- Experience in the financial services industry
- SQL knowledge
**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**
The salary for this position generally ranges between $16.00- $21.00 hourly. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus of 6% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
-
Competitive Pay
-
Bonus for Eligible Employees
Benefits Package
-
Pension Plan
-
401k Match
-
Employee Stock Purchase Plan
-
Tuition Reimbursement
-
Disability Insurance
-
Medical Insurance
-
Dental Insurance
-
Vision Insurance
-
Stock Purchase Plan
-
Employee Discounts
-
Career Training & Development Opportunities
Health and Work/Life Balance Benefits
-
Paid Time Off starting at 160 hours annually for employees in their first year of service.
-
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
-
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
-
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
-
Adoption Assistance
-
Employee Assistance Program
-
College Coach Program
-
Back-Up Care Program
-
PTO for Volunteer Hours
-
Employee Matching Gifts Program
-
Employee Resource Groups
-
Inclusion and Diversity Programs
-
Employee Recognition Program
-
Referral Bonus Programs
-
Peer Recognition Program (BRAVO)
Inclusion & Diversity
Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign’s Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount’s “100 Best Companies” list.
In addition, as part of Transamerica’s commitment to maintaining an inclusive workplace, the company sponsors employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees and provide a supportive environment for raising diversity awareness and promoting inclusive behavior.
Giving Back
Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work.
https://www.transamerica.com/why-transamerica/aegon-transamerica-foundation
Transamerica’s Parent Company
Aegon
acquired the Transamerica business in 1999. Aegon’s roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions, and asset management. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
Please Note :
caminobluff.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, caminobluff.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, Site.com is the ideal place to find your next job.