Sales Commissions Administrator at 1 Life Insurance

RESPONSIBILITIES

Administration

• Produce, update and provide best practice support on commission and administrative processes, databases and other departmental systems to support the work of more senior colleagues. Calculate and track and validate commissions and incentives for the 1Life direct sales and third party distribution sales commission departments. Responsible for internal and external partner commission statements for all direct sales channels and distribution channels from Sales Managers to Business Manager.

Payroll Administration

• Input payroll data to support the accurate and efficient delivery of payroll services; prepare payroll for bank submission and entry into financial systems; prepare payroll reports and reconciliations. When required, submit payments to senior management for approval and to payroll for payment.

Document and Data Management

• Create and ensure compliance with a company wide document management system. Track process regarding submissions and approval, maintain accuracy of documented processes. Swiftly resolves process breakdowns and takes steps to ensure that problems do not recur. Uploading of supervision and all other documentation uploading. Track and management of incentives. When required, keep track of business logs that have an implication on commission outcome.

Operational Compliance

• Identify, within the 1Life direct sales and third party distribution sales commission departments, instances of non-compliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these and escalating issues as appropriate.

Insights and Reporting

• Extract and combine data to generate various reports.

Personal Capability

• Building Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media and coach and transfer knowledge to others as required.

EDUCATION

General Education

• Grade 12/ SAQA Accredited Equivalent (Essential)
• Financial or business diploma (Essential)

EXPERIENCE

General Experience

• 2-4 years experience in commission administration (Essential)
• Experience in the Financial Service Industry (Essential)