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Job Information

BMO Financial Group US P&C Manager, Controllership in Chicago, Illinois

Role Summary/Purpose:

As a Manager - U.S. P&C Controllership team you will be responsible for the accuracy and completeness of the financial accounting for your LOB in accordance with U.S. GAAP and IFRS guidelines. You will coordinate with Accounting Policy for both Canada and the U.S. along with the U.S. LOB Controller to ensure the proper accounting considerations are taken for complex contracts and/or transactions. You will be responsible for monitoring and managing the accuracy of accounting entries in S4 and partnering with other stakeholders to ensure timely resolution of accounting matters including but not limited to sub-ledger transactions. In addition, you will be expected to explain variations in accounts and work with business controller and auditors on process improvements.

Essential Responsibilities:

Review account reconciliations and ensure compliance with company policies

Review and approve journal entries ensuring compliance with local accounting procedures and U.S. GAAP

Drive the timely preparation of assigned financial analysis and board packets while ensuring increased efficiency in preparing periodic balance sheet analysis

Engage with auditors to answer questions regarding control processes and account reconciliations

Identify new accounting standards applicable to the business and develop appropriate implementation strategy

Prepare analysis and explanations behind variations for bank reporting and footnote reporting

Executes work to deliver timely, accurate, and relevant information and reporting of group, legal entity, and reportable segments results for management and statutory reporting.

Provides input into the planning and implementation of financial programs to manage the fiscal period close processes.

Works in conjunction with others to ensure sign-off and attest to reported financial results.

Analyses data and information to provide financial performance insights and recommendations for consolidated business financial statements.

Identifies emerging issues and trends to inform decision-making.

Monitors and tracks financial information compliance with standards and regulations, and addresses any issues.

Provides information and supports the process for internal (e.g. corporate, SOX) and external audits.

Integrates information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting.

Designs and produces regular and ad-hoc reports and dashboards.

Builds effective relationships with internal/external stakeholders across functional disciplines.

Acts as liaison between stakeholders to align agendas and ensure a clear contextual understanding of the business needs.

Supports development and execution of accounting, risk, and regulatory strategic initiatives in collaboration with internal and external stakeholders.

Liaises with internal and external auditors and regulators to provide necessary information to support arising issues and responses to questions.

Acts as a trusted advisor to assigned business/group to interpret accounting changes identified by the Chief Accountants’ Group; assesses impacts on financial results and reporting requirements; supports the implementation of applicable process and control change requirements.

Assists in the development of strategic plans to manage and execute the reporting / accounting needs and support business objectives.

Participates in the design, implementation, and management of core business, group, legal entity financial processes, reporting, systems, and controls to improve the quality and effectiveness of financial information and management of risks.

Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.

Provides specialized consulting, analytical and technical support.

Exercises judgment to identify, diagnose, and solve problems within given rules.

Works independently and regularly handles non-routine situations.

Broader work or accountabilities may be assigned as needed.

Qualifications:

Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of advanced education and experience

Master’s degree from an accredited university or college in accounting or finance preferred

Certified Public Accountant is preferred

Demonstrated financial analysis skills

Experience in solving complex problems

Experience with driving process improvements

Ability to deal effectively with changing priorities in a diverse organization

Self-starter/team player

Excellent verbal and written communication skills

Proficiency in Microsoft Suite (Excel, PowerPoint and Word)

Deep knowledge and technical proficiency gained through extensive education and business experience.

Influence skills - In-depth.

Data driven decision making - In-depth.

Salary:

$72,500.00 - $134,500.00

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

We’re here to help

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/us/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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.

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