Institutional Solutions Operations Analyst

Address:

Reporting to the Head, Client Relations & Operations, Institutional Solutions, the Operations Analyst will support administrative requirements and collaborate with different teams to ensure the smooth operation of the group annuity business.

What will you do?

• Answer annuity inquiries and provide accurate information to annuitants regarding their pension entitlements (annuity certificate).
• Answer annuity inquiries and provide accurate information to various internal parties (Finance, Pricing, CSD, External vendor) regarding annuitant payments and/or pension entitlement, plan provision, etc. Prepare data requests for plan sponsors and pension consultants.
• Monthly reconciliation of premium deductions, secondary insurer payments, etc..
• Monthly reconciliation of buy-in payments, and prepare and submit monthly wire payment requests.
• Responsible for ensuring annuitant records are up to date by working with third party vendor.
• Conduct critical errors check on bimonthly payment files.
• Support for onboarding of new pension plans.
• Assist with all other administrative requirement to ensure smooth operation.
• Feed suggestion regarding ways to improve and automate administrative processes and implementing process-oriented solutions.

Qualifications:

• Knowledge of Excel is required.
• 1-2 years of relevant pension administration experience preferred.
• Knowledge of pension regulations is an asset (PBA, ITA) but not required.
• Strong knowledge of SQL and VBA is an asset.
• Knowledge of Python is an asset.
• English/French bilingualism is an asset.
• Excellent verbal & written communication skill Is self motivated and organized.

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.