Transfers Specialist

Temporary Full Time 

-

We are looking for a Transfers Specialist.  The Transfers Specialist is responsible for facilitating the transfer of advisor’s blocks of business, whether through a change of MGA’s or the sale of business between advisors. The Transfers Specialist works with carriers and other MGA’s to ensure that all requirements and criteria are met for the block transfer, and works with multiple departments to process the block transfer. The Transfers Specialist maintains detailed tracking of all transfers, investigates any potential issues, and verifies the accuracy and timeliness of all data being transferred.

What you will do

• Work closely with carriers and other companies to facilitate the transfer of advisor’s blocks of business between MGA’s
• Submit all required transfer documents to other MGA’s for block valuation
• Work with Finance team to complete the valuation for blocks of business being transferred out, validate valuation for blocks transferring in, and issue or receive payment
• Pull client listings from carrier websites to verify accurate and complete transfer, investigate when business is not moved properly
• Coordinate with Compensation team to identify any debt, and advise the carrier of any issues preventing the completion of the transfer in/out
• Update Wealthserv Insurance to transfer business over, and notify the FundServ team of the completed buy/sell, in order to move business on Wealthserv Investment
• Manage and update cases on Salesforce to document progress of all transfer activities
• Maintain Sentry File system to ensure data integrity on all back office systems, and allow for easy referral and retrieval of information
• Terminate advisor shells upon transfer outs of FH to maintain accurate profile counts
• Maintain a full understanding of transfer in/out, buy/sell process, compliance and privacy rules/laws, transfers of business and consolidations

What you will bring

• Completion of Post-Secondary School, or equivalent
• Minimum of 1 year experience in the insurance and financial services industry
• Possesses specialized knowledge of contracting processes within the MGA and insurance industry
• Proven experience in Microsoft Office applications 
• Knowledge of WealthServ an asset
• Detail-oriented
• Analytical and problem-solving skills
• Excellent organizational and time management skills
• Strong interpersonal and communication skills. Communicates effectively (internally and externally)
• Strong customer service mindset
• Demonstrated flexibility and adaptability to work in an ever-changing environment
• As this position is posted in several locations, we specify that bilingualism is an asset (fluent in French and English) but is required for Quebec only as the position will regularly serve our clients with French and English-speaking needs

Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: Montreal or Kitchener.

-

The base salary for this position is between $56,000 - $84,000 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Canada Life 

We’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.  

We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you! 

What we offer:  

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member: 

• Career 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.  

Learn more about Canada Life.  

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact  talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Canada Life policies.  

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted. 

#LI-Hybrid