Impress employers and recruiters.
Choose from hundreds of resume examples.
Impress employers and recruiters.
Choose from hundreds of resume examples.
Tailor your resume to this Senior Bilingual Contracting Representative role.
Rezi rewrites your resume against BMO's job description. Free.
Tailor your resume to this Senior Bilingual Contracting Representative role.
Rezi rewrites your resume against BMO's job description. Free.
Don't guess if your resume is good enough.
See how it scores against the Senior Bilingual Contracting Representative posting at BMO — free, in seconds.
Don't guess if your resume is good enough.
See how it scores against the Senior Bilingual Contracting Representative posting at BMO — free, in seconds.
About the Role
Onboards new managing general agencies (MGA)/distributors and advisors to allow them to market BMO Life Assurance products. Considers contracting requests and provides support to MGAs/distributors and advisors. Maintains compensation rates so that payments are accurate and timely. Answers technical questions related to contracting and compensation payments.
Responsibilities
- Collaborates with internal and external stakeholders to deliver on business objectives.
- Gathers and formats data into regular and ad-hoc reports, and dashboards.
- Analyzes data and information to provide insights and recommendations.
- Evaluates suitability for Life License Sponsorships, non-face to face Advisor applications and special compensation requests.
- Manages Federal, provincial and family services garnishment requests.
- Reviews, analyzes, approves and manages complex contracting requests such as transfers of business between MGA/Distributors and Advisors, notifications of termination or deceased advisors.
- Maintains MGA/Advisor records on all systems to ensure timely and accurate payment of compensation.
- Mitigates relationship and financial risk by accurately setting up and maintaining MGA/Distributors and Advisor records in administrative systems to avoid inaccurate or delayed compensation.
- Ensures activities are executed in accordance with established policies and procedures and compliance requirements.
- Understands and mitigates risks and regulatory implications of contract management and compensation structures.
- Completes complex & diverse tasks within given rules/limits and may include handling escalations from other employees.
- Analyzes issues and determines next steps.
- Broader work or accountabilities may be assigned as needed.
- Takes measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents, laws and regulations.
Requirements
- Typically between 2 - 3 years of relevant experience.
- Post-secondary degree in related field of study desirable or an equivalent combination of education and experience.
- In-depth experience in MGA/Advisor environment.
- Working knowledge of contractual and regulatory procedures related to MGA and advisor contracting and provincial licensing.
- Understanding of reporting and compensation hierarchy & payments.
- Proven working knowledge in administrative systems an asset – (EIM, Ingenium and Apexa).
- Good verbal & written communication skills.
- Good organization skills.
- Good collaboration & team skills.
- Good analytical and problem solving skills.
Skills
- Contracting
- Compensation
- Data Analysis
- Reporting
- Risk Management
- EIM
- Ingenium
- Apexa
Location
- 250 Yonge Street
Work Type
- Salaried
Experience Level
- 2-3 years
Education Level
- Post-secondary degree desirable or equivalent experience
Salary/Compensations
- $40,500.00 - $80,000.00
Benefits
- Health insurance
- Tuition reimbursement
- Accident and life insurance
- Retirement savings plans
About the Company
- 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.
Equal Opportunity
- 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.