Manager Nesbitt Finance at BMO in Toronto, Ontario. Skills: Accounting, Capital Markets, Consolidation, Financial Reporting, Foreign currency exchange. Apply on NeverHard.
Company
BMO
Location
Toronto, Ontario
Type
part_time
Required skills:
Accounting
Capital Markets
Consolidation
Financial Reporting
Foreign currency exchange
Process Improvement
SAP S/4HANA
tax filings
Overview
The Manager, Finance – Nesbitt role offers a unique and high-impact opportunity for a driven accounting professional to act as a trusted advisor to the business, translating complex accounting guidance from the Chief Accountants’ Group into meaningful insights, financial outcomes, and reporting requirements. This position provides exceptional exposure across the full legal entity, including oversight and consolidation of multiple subsidiaries, spanning foreign currency entities and Capital Markets and Wealth businesses, ultimately contributing to consolidated financial statements used across the bank.
It is an ideal platform for someone looking to deepen their understanding of bank-specific accounting nuances, including foreign entity consolidation within a Canadian framework, while gaining hands‑on experience with evolving systems and processes such as S/4 transformation and the transition away from legacy platforms. Nesbitt is at the forefront of this modernization, offering the opportunity to design and implement best‑in‑class processes and controls, challenge the status quo, and drive meaningful improvements.
Responsibilities
Applies expertise and provides advice in calculation, analysis, and reporting of financial results of Nesbitt Burns and its Capital Market subsidiaries in compliance with applicable standards and regulatory requirements; tax filings.
Assist the business units in the continued assessments of the various Legal Entities, including reviewing TSAs for cost/revenue sharing between entities and participating in Legal Entity restructuring when required.
Act as a trusted advisor to assigned business/group to interpret accounting changes identified by the Chief Accountants’ Group; assess impacts on financial results and reporting requirements; support implementation of applicable process and control change requirements.
Oversight of journal entry bookings, including intercompany transactions, and timely settlements of intercompany transactions.
Proper partner codes and facilitate the development and integration of the Bank’s new intercompany matching and reconciliation process which also impacts the new Group Reporting Tool for consolidated financial reporting.
Understanding the complexities of consolidations with respect to retained earnings adjustments, foreign currency impacts on non‑Canadian denominated entities.
Ensuring the Bank has captured accurate NBI consolidated results.
Liaison with the Wealth Controllers to ensure their standalone Legal Entity reporting supports consolidation process.
Support an efficient and effective accounting function that uses common information sources and practices, reduces ongoing costs, and increases service level performance.
Work in conjunction with others to ensure sign‑off and attest to reported financial results.
Analyze data and information to provide financial performance insights and recommendations for consolidated business financial statements.
Identify emerging issues and trends to inform decision‑making.
Monitor and track financial information compliance with standards and regulations and address any issues.
Provide information and support the process for internal (e.g., corporate, SOX) and external audits.
Integrate information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting.
Design and produce regular and ad‑hoc reports and dashboards.
Build effective relationships with internal/external stakeholders across functional disciplines.
Act as liaison between stakeholders to align agendas and ensure a clear contextual understanding of business needs.
Support development and execution of accounting, risk, and regulatory strategic initiatives in collaboration with internal and external stakeholders.
Liaise with internal and external auditors and regulators to provide necessary information to support arising issues and responses to questions.
Participate 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 risk management.
Focus is primarily on business/group within BMO; may have broader, enterprise‑wide focus.
Provide specialized consulting, analytical and technical support.
Exercise judgment to identify, diagnose, and solve problems within given rules.
Work independently and regularly handle non‑routine situations; broader work or accountabilities may be assigned as needed.
Qualifications
Typically, between 5–7 years of relevant experience and a post‑secondary degree in a related field of study or an equivalent combination of education and experience.
Professional accounting designation is preferred.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Verbal and written communication skills — in-depth.
Collaboration and team skills — in-depth.
Analytical and problem‑solving skills — in-depth.
Influence skills — in-depth.
Data‑driven decision making — in-depth.
Compensation & Benefits
Salary:
$75,900.00–$141,900.00
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
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 perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
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