Project Analyst, Accounting Reconciliation

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BMO is looking for a Project Analyst, Accounting Reconciliation to join their team.

As part of the role, the Project Analyst will own new GL reconciliation projects, from a project, process, and change management perspective. The role will work on risk mitigation, process, communication and delivery.

Candidates will have Power BI or advanced Excel skills.

Applies accounting and control frameworks to financial data, source documents and records for transactions being reconciled in accordance with Bank and industry standards. Ensures the correctness, completeness and overall integrity of financial and operational data, for internal and external books of record. Performs analysis to resolve internal and external inquiries, requests and issues, for an assigned portfolio ranging from routine transactions to complex portfolio management.

• Manages and monitors a complex portfolio of work representing a significant amount of risk.
• Coordinates and schedules work flow, including approving transactions, and act as the main escalation point for business challenges, as delegated.
• Assigns work accordingly to team/ staff members, ensures adequate work flow and meet various cut-off times during the day, as delegated.
• Identifies potential risk situations/impacts, makes recommendations or escalates to the manager, and ensures contingency plans exist
• Analyzes change or business initiatives, using specialized product or process knowledge or specialized program expertise.
• Documents business requirements or providing input to conversion and implementation strategy plan.
• Liaises with Corporate Compliance and Legal regarding regulatory changes and resolution of customer issues.
• Cultivates productive relationships within the line of business (LOB) and other functions through responsiveness and support.
• Builds relationships with internal business partners. Partners with other operational areas to ensure timely, quality and efficient processing activities.
• Ensures appropriate balance between customer service and costs to minimize loss of revenue or customer dissatisfaction.
• Monitors various reports and takes appropriate actions, ensuring compliance requirements, audits and verifications are completed in accordance with policies and procedures.
• Reviews final QC reports for content, message and accuracy prior to submission to Manager and CRMC.
• Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
• Identifies business processes, efficiency and control issues in timely fashion and escalate unusual issues to senior team members.
• Participates in continuous improvement of business processes (planning, testing and implementation of projects and new/revised products) and procedures within the scope of the work team.
• Ensures volume goals, turnaround times and quality expectations are met, while maintaining strict adherence to control procedures and compliance regulations.
• Processes timely and accurate transactions, audit/reconciliation transactions and resolves discrepancies according to established standards and guidelines.
• Records and verifies data for fulfillment and/or further processing.
• Ensures adherence to all aspects of First Principles, BMO Code of Business Conduct and Ethics, Corporate policies, procedures and applicable regulatory requirements.
• Reviews transactions and requests for compliance with regulatory and Bank requirements. Communicates with internal partners and external customers to respond to inquiries according to guidelines; Follows-up with business units to ensure issues are resolved.
• Supports the testing and implementation of projects and onboarding of new/revised products, services or processes.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Previous Accounting Reconciliation Project Experience.
• Power BI or Advanced Excel for reporting.
• Knowledge of standard desktop applications used by the business unit - In-depth.
• Knowledge and understanding of the business unit’s key products and services, processes and controls - In-depth.
• Understanding of risk and regulatory requirements of the role - In-depth.
• Knowledge of departmental systems and applications - In-depth.
• Knowledge of process and project management - In-depth.
• Understanding of internal business partner’s business, services and organization - In-depth.
• Knowledge of area of expertise - In-depth.
• Decision Making - In-depth.
• Investigation skills- In-depth.
• Prioritization skills - In-depth.
• Organizational skills - In-depth.
• Customer service skills - In-depth.
• Change managerial and leadership skills. - Strong.
• Coaching, mentoring and training skills - Strong.
• Conflict Management/Resolution - Strong.
• Ability to multi-task in a fast-paced environment.
• Technical proficiency gained through education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

You’re fluent in French and English as this role provides support to clients and team members inside and/or outside the province of Quebec.

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/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.