Analyst, Compensation Administration

CIBC; Toronto; Hybrid; CAD 65,000 - 95,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

Benefits program

Defined benefit pension plan

Employee share purchase plan

Vacation offering

Wellbeing support

MomentMakers program

Job summary

CIBC in Toronto is seeking a Compensation Analyst to reconcile and administer pay adjustments, investigate discrepancies, and support commission data processing. You’ll apply core accounting concepts and collaborate with internal and external partners to ensure accurate, timely pay.

The role offers a hybrid work model with 1-3 days on-site and flexible scheduling, plus opportunities to drive process improvements, ensure SOX compliance, and contribute to cross-functional projects within a trusted

Qualifications

• Experience in commission processing and/or handling complex reconciliations.
• Knowledge of General Ledger accounts and accounting practices, processes & terminology.
• Broad understanding of CIBC products and policies. Specialised knowledge of Broadridge, Centralize, and SAP is an asset.

Responsibilities

• Streamline processes and support commission operations; assist in optimizing workflows and resolving issues.
• Ensure compliance of procedures and controls; reconcile payouts, prepare journals and assist in audits.
• Participate in cross-functional projects with internal/external partners; coordinate with BFS on system enhancements and UAT results.
• Manage data with strong spreadsheet and database skills; communicate detailed information effectively.

Skills

Accounting

Account Reconciliations

Analytical Thinking

Compensation Administration

Cross-Functional Teamwork

Data Analysis

Microsoft Access

Microsoft Excel

Operational Efficiency

Process Improvements

Tools

Broadridge

Centralize

SAP

Job description

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambition, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What You'll Be Doing

As a member of the Compensation team you’ll be responsible for reconciliation & administering pay adjustments, investigating discrepancies, and resolving any compensation related inquiries as part of a team. You’ll apply basic theories to identify root causes and proactively work with key players to implement process improvements and resolve discrepancies. As an Analyst you will use your judgement regarding priorities and approaches to prepare monthly reports, conduct analysis/reconciliation, track exceptions, and manage commission data. The role collaborates to contribute useful ideas on enhancing operational efficiency & accuracy, and works closely with internal and external business partners to provide support and respond to inquiries

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.

How You’ll Succeed

• Streamline Processes and Support Commission Operations– Assist the Compensation coordinator in optimizing and streamlining workflows. Provide guidance on complex issues, manage escalations, and support the resolution of commission-related challenges. Drive process improvements and ensure seamless backup support for commission processing and accounting functions within the team.
• Compliance of Procedures and Controls – The role involves reconciling, investigating, and validating commission payouts, preparing financial journals, and producing moderately complex reports, attestations, and issue resolutions. It also includes supporting audit processes, ensuring compliance with SOX controls, Industry Licensing Standards, and assisting in maintaining the Disaster Recovery Plan.
• Participate in Projects and Cross-Functional Relationships –Act as a partner in projects run by internal/external partners and/ or vendors to assist investigation and any commission related issues. Collaborate with BFS (Broadridge)/ Centralizes on scheduled system enhancements and review UAT testing results in coordination with the process coordinator.
• Data Management - You have strong spreadsheet and understanding of databases and data management skills (Microsoft excel and Microsoft Access). You enjoy investigating, and making sense of information. You’re confident in your ability to communicate detailed information in an impactful way.

Who You Are

• Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
• You understand the success is in the details. You notice things that others don’t. Your critical thinking skills help to inform your decision making.
• You’re driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• You can demonstrate experience in commission processing and/or handling complex reconciliations. You have knowledge of General Ledger accounts and familiarity with accounting practices, processes & terminology, and a broad understanding of CIBC products and policies. It is an asset if you have specialized knowledge of Broadridge , Centralize , and SAP.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
• Subject to plan and program terms and conditions

What You Need To Know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [e-mail]
• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.
• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
• We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).
• We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 34th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Accounting, Account Reconciliations, Analytical Thinking, Compensation Administration, Cross-Functional Teamwork, Data Analysis, Microsoft Access, Microsoft Excel, Operational Efficiency, Process Improvements