Mexico Financial Accounting and Reporting Analyst

March 13, 2023
Employment contract
Standard / Permanent
Job / Mission
Apply for this job

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2022. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

The position at a glance

The Mexico Financial Accounting and Reporting team (Mexico–FAR) is a part of the Financial Accounting and Reporting Group. The main tasks of the team consist in overseeing the accounting and reporting process for Mexican Entities from beginning to end, comprising the ledger maintenance under OFS system for IFRS and local GAAP, performance of 1st level of controls over Balance sheet and P&L accounts, Management reporting activity and IFRS reporting to the Group.
Additionally, the team also acts as main point of SME contact for matters related to the implementation of OFS in NAR, and is responsible for spreading the OFS knowledge in NAR.

Reporting to the VP – Mexico Financial Accounting and Reporting Manager, the Mexico Financial Accounting and Reporting Analyst is responsible for the day-to-day maintenance and control of the general ledgers for the entities under her/his responsibility. When applicable, she/he coordinates investigations, review of ledgers and potential accounting adjustments with the operations and reporting teams that they support.  The scope of this role includes the recording of revenue and expense arising from transactions from Capital Markets and commercial lending activities on daily, monthly, quarterly, semi-annual, and annual basis, to ensure that the financial and managerial records are properly maintained and exceptions are resolved in a timely manner. In addition, the Mexico Financial Accounting and Reporting Analyst will help her/his Manager in the cross-training of NAR staff on OFS ( new ledger to be implemented) related topics.

In detail

  • Perform month-end financial closing for the Mexican entities (under IFRS and Local GAAP), which include the posting of accounting entries and transactions analysis, the maintenance of  analytical balances and analysis to communicate and resolve differences with counterparts;
  • Enforce controls and ensure that balance sheets are in balance; prepare balance sheet reconciliations for the accounts assigned to Finance;
  • Pull together the data necessary to feed the profitability tools (Paradigm).
  • Participate on the Cost of Risk provision processes and outputs;
  • Establish a good work interaction with co-workers in ISPL team in Mumbai;
  • Ensure the completeness and accuracy of feeds from the operating systems to the general ledger through a review of the reconciliation reports;
  • Provide assistance in responding to questions from the external auditors, Client Service Team, Operations, Projects and reporting teams;
  • Perform the monthly P&L and FX reconciliations between the official management P&L produced by the middle office and the accounting ledgers, for designated business lines and activities controlling also the internal funding booking that needs to be balanced at the entity level;
  • Perform the P&L allocation to Capital Market, Corporate banking and Treasury activities in HO management tool;
  • Prepare the quarterly and monthly P&L reconciliation presentation meetings;
  • Perform the upload quarterly from Ledger to Matisse (Group Reporting Tool) assuring that head-office reporting requirements and instructions are covered across the different schedules;
  • Coordinate update of static data (tables, parameters, allocations) and user maintenance for the tools/systems under the team’s responsibility;
  • Share knowledge on OFS (general Ledger) across NAR staff, through the execution of training sections;
  • Work with various stakeholders helping to understand and account for the impact of new products, transactions, and businesses on accounts;
  • Participate in the testing, and implementation of systems to support the activities;
  • Prepare and update policies and procedures related to Finance activities for Mexican entities.
  • Escalate problems / issues to the Manager in a timely maner;
  • Provide quality services to other teams / Groups (Which includes interaction with Mexico Finance in Spanish).

The strengths and skills that will help you succeed

  • Ability to deliver/ be result driven: Be a self-starter and team player, able to work independently and collaboratively with various teams in a deadline-focused environment;
  • Strong communication skills, both written and verbal (Spanish (good level) English (good level), French (an asset));
  • Ability to develop and leverage networks: Professional posture to develop and maintain key relationships with the business lines and back office transactional contacts;
  •  Analytical ability: ability to learn new systems and products quickly; effective analytical, organizational, and problem-solving skills;
  • Accounting: Working knowledge and understanding of generally accepted accounting principles under IFRS and regulatory and tax accounting rules and regulations; Basic capital market  products knowledge;
  •  Accounting degree from a reputable university. CPA designation; ( and asset)
  • Between 4 to 5 years of financial and/or management accounting experience, preferably from an accounting firm (Big 4 or medium-sized) or within the Financial Services/Banking Industry;
  •  Excellent Excel skills (including pivot tables, VLOOKUP, SUMIF).

What’s in it for you

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

What you need to know

  • We will review candidates as they apply, so don’t wait to submit your application;
  • If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. BNP Paribas will work with you to ensure that you are able to participate fully in the process;
  • You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;
  • Given the vast majority of our clients, both internal and external, is based outside of Quebec and Canada, our positions require employees to speak another language than French – being English for most positions; other languages such as Spanish or Portuguese may be also specifically required and such will be clearly mentioned in the requirements of the position;
  • All BNP Paribas employees in Canada must be adequately vaccinated against COVID-19 on the date of hire, unless exempt for a reason protected by the Canadian Human Rights Act.

Diversity, Equity and Inclusion (DE&I) at the heart of our commitments

At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

To learn more about our DE&I commitments, click here

About us

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 65 countries, with more than 190,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.

Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.

With over 1,200 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

Our certifications and partnerships

  • Montreal Top Employer 2022
  • Women in Governance  – Parity certified –  Silver certification
  • CCDI Consulting Inc. (Canadian Center for Diversity and Inclusion)
  • Pride at Work Canada
  • Rainbow Accreditation issued by Canada’s LGBT+ Chamber of Commerce (CGLCC)
  • ROSEPH – Grouping of specialized organizations for the employment of persons with disabilities
  • IndigenousWorks

Do you want to discover other BNP Paribas offers in Canada?

Click here: BNP Paribas in Canada Our job offers

** Only selected applications that meet the requirements of the role will be contacted **