Intermediate Commissions Specialist

Transamerica•Cedar Rapids, IA

22h•Hybrid

About The Position

Research, reconcile and process high volume, high dollar agent commission payments for Transamerica Life, Transamerica Financial Advisors and/or World Financial Group. Answer commission related questions from agents and providers.

Requirements

Bachelor’s degree in accounting or business field, or equivalent experience
One year of commissions or accounting related experience
Good understanding of commission/accounting processes and systems
Strong math aptitude
Research skills and attention to detail
Good written and oral communication skills
Proficiency using MS Excel

Nice To Haves

Experience in the financial services industry
Experience with SQL
Knowledge of Salesforce

Responsibilities

Support semi-weekly commission cycles for multiple providers in the U.S. including Puerto Rico, and Canada.
Ensure payments and statement processing are accurate and on time to prevent non-compliance with regulatory authorities (i.e. FINRA, SEC, DOI, 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.
Research and resolve commission and balancing issues; 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.

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
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
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