Analyst, Finance

BMO Financial Group; Toronto; On-site; CAD 41,000 - 77,000; Full time

Job summary

BMO Financial Group is seeking a detail-oriented individual for a role focused on the administration of sales compensation. Responsibilities include processing commission compensation, generating payroll reports, and collaborating with various teams. Ideal candidates will have strong skills in MS Office and experience in sales compensation management. This position offers competitive compensation and opportunities for professional growth.

Benefits

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement plans

Qualifications

• Strong proficiency in MS Office, especially Excel and Access.
• Experience managing sales compensation plans is an asset.
• Attention to detail and comfort working with numbers.

Responsibilities

• Administration of the sales compensation database.
• Produce bi-weekly payroll reports for Alight.
• Generate monthly management reports.

Skills

Attention to detail

Experience managing sales compensation plans

Self-motivated

Collaboration

Strong proficiency in MS Office

Comfortable with SQL queries

Tools

MS Excel

MS Access

Job description

Application Deadline:

06/01/2025

Address:

100 King Street West

Job Family Group:

Finance & Accounting

Mandate:

The role is responsible for the timely calculation, processing, and reconciliation of commission compensation for Financial Planners (FPs). This includes bi-weekly reporting for payroll, monthly sales reporting, and yearly sales incentive calculations.

Key Accountabilities

1. Administration of the sales compensation database
2. Investigation of commissions and general compensation questions from FPPROGRAM
3. Respond promptly to FPPROGRAM inquiries and emails
4. Approve and implement manual adjustments to compensation as needed
5. Review and act on reports from the compensation database to ensure accuracy
6. Review and process deal cancellations and recoveries from MSs
7. Review and QA sales data from the scorecard team
8. Communicate with the scorecard team to resolve data issues
9. Log employee guarantees and process them
10. Process clawbacks of compensation as required
11. Produce bi-weekly payroll reports for Alight
12. Create and distribute compensation statements to FPs
13. Generate monthly management reports
14. Prepare reports for the accounting team
15. Produce ad-hoc reports as needed

Knowledge and Skills

• Attention to detail and comfort working with numbers
• Experience managing sales compensation plans is an asset
• Self-motivated with the ability to meet deadlines
• Ability to collaborate with team members across departments
• Strong proficiency in MS Office, especially Excel and Access
• Comfortable with SQL queries and working with Microsoft Access

Salary:

$41,300.00 - $76,500.00

Pay Type:

Salaried

The above reflects BMO Financial Group's pay range and type. Salaries vary based on location, skills, experience, education, and qualifications, and may include a commission structure. For part-time roles, salaries are pro-rated based on hours worked. For roles with commissions, the listed salary is the target for the first year.

BMO’s total compensation may include performance incentives, bonuses, and other perks, including health insurance, tuition reimbursement, accident and life insurance, and retirement plans. More details are available at https://jobs.bmo.com/global/en/Total-Rewards.

About Us

At BMO, we are driven by our Purpose: Boldly Grow the Good in business and life. We aim to create positive change for our customers, communities, and employees. We foster innovation, collaboration, and boundary-pushing to transform lives and businesses, powering economic growth worldwide.

As a valued member of the BMO team, you are respected, heard, and have opportunities to grow and make an impact. We support your development with training, coaching, and networking opportunities to help you reach milestones and broaden your skills.

Learn more at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable, and accessible workplace. Accommodations are available upon request for all candidates during the selection process. To request accommodations, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes except directly from candidates. Resumes sent unsolicited will be considered BMO property. A recruiting agency must have a valid contract to submit resumes.