Application Deadline:

01/26/2025

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). Completion of bi-weekly reporting for payroll submission, monthly sales reporting and yearly sales incentive calculations.
Key Accountabilities
• Administration of the sales compensation database
• Investigation of commissions and general compensation questions coming from FPPROGRAM
• Respond to FPPROGRAM questions and emails on a timely manner
• Approving and implementing manual adjustments to compensation as required
• Review and action reports coming from the compensation database to ensure compensation is accurate

• Review and action reports related to deal cancellations of mortgages and process recoveries from the MSs

• Review and QA sales data coming from the scorecard team

• Communicate with the scorecard team on any data issue findings until resolved

•Log employee guarantees

•Process guarantees

•Process claw backs of compensation as required

• Produce bi-weekly payroll reports to be submitted to Alight
• Produce compensation statements out of our data

• Mail out to FPs their compensation statements

• Produce monthly management reports

• Produce reporting for the accounting team

• Produce ad-hoc reports as required

Knowledge and Skills:

• Attention to detail
• Comfortable working with numbers

• Experience managing sales compensation plans is an asset
• Self-motivated and able to meet deadlines
• Able to collaborate with immediate team as well as the team in FPPROGRAM, accounting team and the scorecard team
• Strong knowledge of MS Office (EXCEL and ACCESS specifically)

• comfortable with SQL queries and working with Microsoft ACCESS

 

Salary:

$41,300.00 - $76,500.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.