The Contracting & Compensation Administrator is responsible for setting up and managing insurance advisor contracts with our company and our insurance company partners. The Contracting & Compensation Administrator will also be responisbile for ensuring our advisors are paid their commissions accuratly and in a timely manner. We are looking for someone who has atleast 2 years of exeprience in a similar role and has experience using the Apexa contracting platform.

Key Responsibilities related to Contracting Administration

- Coordinate and administer producer (agent/broker) contracting with Insurance Companies, including onboarding, renewals, amendments, and terminations of contracts.
- Ensure all required licensing, appointments, E&O; coverage, and compliance documentation are received, reviewed, and maintained
- Manage carrier appointment requests and maintain accurate carrier contracting records
- Maintain organized, up-to-date electronic contract and compliance files
- Serve as a point of contact for producers regarding contracting status and requirements

Compensation & Commission Administration
- Set up, maintain, and update commission schedules, overrides, and bonus arrangements in commission systems
- Ensure accurate mapping of compensation agreements to producers, agencies, and carriers
- Review commission statements for accuracy and resolve discrepancies with carriers and internal teams
- Support commission audits, reconciliations, and adjustments as needed




- Assist with producer compensation inquiries and issue resolution

Qualifications Required
- 2+ years of experience in insurance operations, contracting, commissions, or producer administration or similar role
- Knowledge of MGA, brokerage, or carrier contracting and compensation structures
- Strong attention to detail and accuracy
- Proficiency with commission systems, CRM platforms, and Microsoft Excel and Apexa.
- Ability to manage multiple priorities and meet deadlines

Preferred
- Experience working in an MGA or wholesale brokerage environment
- Familiarity with insurance licensing and appointment requirements
- Experience with commission reconciliation or accounting coordination
- Associate or bachelor’s degree in business, finance, or a related field
- LLQP License is preferred.

Skills & Competencies
- Excellent organizational and documentation skills
- Strong written and verbal communication
- Analytical and problem-solving abilities
- High level of discretion when handling sensitive compensation data
- Ability to work independently and collaboratively in a fast-paced environment

Work Workplace
- In person office position, ( Monday to Friday, 9am to 5:30pm , with 30 min lunch break).

Pay: $45,000.00-$60,000.00 per year

Application question(s)

- Do you have Experience using Apexa Platform?

Experience:
- Contracting - Life Insurance Industry: 2 years (required)

Work Location: In person

📌 Contracting & Compensation Administrator (Mississauga)
🏢 OM Financial
📍 Mississauga