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Accounting Toronto, Ontario 24.01.2023

Accounting/Subledger Project Manager

An exciting opportunity awaits you here at BMW Group Financial Services Canada where you will take independent ownership over creative projects with the potential to make history and leave an impact on the organization. Your role will be essential to accomplishing important organizational goals and as such you will be expected to take on challenging tasks and reach exciting milestones. A passionate team of colleagues paired with our strong innovation and forward-thinking culture will offer you a positive and supportive work environment to cultivate your creative work and deep insights and become a clearly visible and highly valued member of the organization within a short period of time.BMW Group Financial Services Canada is in search of an Accounting/Subledger Project Manager, to join the team!
Description

The Accounting/Subledger Project Manager is responsible for defining/aligning the overall Contract Management system capabilities and conforming these capabilities to the BMW Group IFRS accounting and reporting requirements, ensuring integration of customer payment bank accounts [i.e. JP Morgan], enabling BMW Bank North America accounting support, and ensuring securitization program requirements and reporting are fully integrated and operational.  

Functional scope of responsibilities includes:

  • Accounting focused on BMW Group IFRS accounting and reporting, including SAP IFT integration.
  • Cash & Treasury focused on following all cash movements, including reconciliations of all incoming and outgoing cash.
  • Taxations focused on ensuring sales tax both federal and provincial tax topics are adequately addressed.
  • Regulatory and accounting matters impacting BMW FS Retail Lease/Finance transactions and securitization program.
  • Gathering and documenting processes/procedures, pain points, requirements, etc. to ensure BMW FS is prepared for the project exploration phase.  Including alignments with business units.
  • Ensure solution complies with regulatory and passes internal and external audits.
  • Provide recommendations for adoption to the out of the box solution, product enhancement or BMW FS customization.
  • Provide first line timely and agile testing support prior to engaging the business.
  • Implementation of product solution.

The Accounting/Subledger Project Manager will be a member of the BOBCAT Core team and will be actively involved in the  architectural / IT landscape development and implementation timeline, rollout planning, portfolio migration planning, forecasting, reporting and analytics/data governance and data security concepts, document management, migration of Siebel workflows into CMS, governance structures and harmonization and alignment to SF2-CA specific business requirements ( e.g. weekly payments, establishment of multilingual functional capabilities multilingual, workflow driven user interfaces (agent desktop).

Product Owner 

  • This role is responsible for developing and maintaining a vision for the Accounting, Cash & Treasury, Taxation, and Securitization requirements and capabilities for the BOBCAT solution by working with the markets and business leaders and the strategic direction of the organization.  
  • Evaluation of running projects and existing legacy systems for comprehensive planning and strategic alignment, long-term Accounting planning and implementation concepts.
  • Must anticipate and take into account industry and BMW FS strategic direction to ensure the alignment of the solution accordingly.  Additionally, identify and understand future trends, changing customer needs, emerging technology requirements and potential new business areas. This needs to be considered to design a system that is both able to service the current and future requirements. 
  • Responsible for leading execution and delivery of continuous software release by understanding and coordinating the epic backlog for the platform and serves as the ‘voice of accounting, financial reporting and risk management’ into the Agile Development Team to deliver a Software Solution which meets those needs.
  • Collaborates with internal teams namely with the IMO team, the CMS Initiative team, Accounting Initiative team, the business lines and also with external partners like the Product Vendor, Integration Partner and Test-Partner to design, develop and deploy the solution to the markets. Those stakeholders and resources may be geographically distributed. 
  • Propagates knowledge of the program and its benefits to the agile team members and supports the agile team to reach their targets. 
  • Works day to day with the agile team for Knowledge-transfer, clarifying business requirements, removing roadblocks, constantly communicating, and gaining alignment around feature or product strategy.

Governance

  • Has full operational governance for the Accounting, Cash, Treasury, Taxation, Securitization and Financial Reporting capabilities/solution product and associates processes according to the role definition in the agile methodology. The role must closely align with global finance and regional finance governance functions. 
  • In this role the initiative lead also acts as single point of contact for the business lines and in the project for all topics related to Accounting, Tax and Financial Reporting.

Leadership and Change Management

  • The Accounting/Subledger Project Manager will provide clear expectations and objectives with their respective colleagues. 
  • He/she will provide timely evaluation of results, feedback on concerns and recommendations for improvements.
  • This role will promote change management, ambassador for continued efficiencies and promote best practices for both markets.

Planning and Roadmap

  • Responsible for the creation and prioritization of the High Level Requirements in form of Epics (in conjunction with members of the BOBCAT team) and the setup and maintenance of a High Level Plan and recommendation of the implementation roadmap to incrementally deliver new functionality to the customers in an agile manner, while gradually building on the foundation to deliver more sophisticated capabilities through a customer centric approach and innovation.
  • Engages with the engineering and cross-functional stakeholders to define a roadmap that meets business and consumer needs, while meeting critical deadlines and budget constraints. He/she acts on the roadmap and delivers according to plan.

Requirement Management, Capabilities Development and Documentation

  • Responsible for the project planning and ensures the quality and maturity of the artifacts (e.g. Epics and User Stories) within the planning process.
  • Also responsible for the readiness and maturity of the user stories for the respective gateways. Accordingly, needs to understand, manage, and communicate prioritization of features, with a mind toward user and business benefits and tradeoffs and needs to identify market opportunities and define product strategy to reflect those. 
  • Ensures the delivery of scope, removes barriers for team members and resolves open issues/questions quickly and efficiently and acts as the `voice of the customer’ in this context. 
  • Request the user stories from the involved teams and creates Statements of Work/Request for Proposal according to the sourcing decision.
  • Ensures that the design is properly documented i.e. traceability of requirement to design, ensures knowledge transfer, ability to supply external auditors full explanation on how solution functions, ensures that documentation has proper basis to record future changes, and history of past changes (change audit trail).
Qualifications

Education:

  • Master Degree / bachelor degree in business administration/ management, Finance or Accounting.

Work & Leadership Experience: 

  • 5+ years of professional experience, preferably in financial services, banking or insurance industry, 
  • 5+ years of experience in business/IT projects or financial accounting including:
    • Financial accounting, tax, cash payments and/or securitization (ABS) areas of focus.
    • Working in teams distributed across multiple locations and countries. 
    • Deep understanding and ability to design/change complex operational/financial business processes. 
    • Knowledge of the relevant regulations, laws and compliance topics with an ability to incorporate these aspects into the development of optimal business processes.
  • 3+ years experience in the operational management of external vendors/contractors/suppliers preferred.

Additional Skills:

  • Fluent business English. German appreciated. 
  • In-depth understanding of tax, accounting, cash payments and/or financial reporting processes and systems.
  • Knowledge of Generally Accepted Accounting Principals.
  • Experience with SAP International Finance Template (IFT).
  • Experience in change, rollout, test management and training.
  • Some experience and knowledge with using diverse design and project management methodologies and tools.
  • Excellent communication, theorical and conflict resolutions skills, also in a multi-cultural context.  
  • Assertiveness and ability to convince and negotiate with Business partners.
  • Agile methodology and working with teams and in agile development environments.
  • Initiative planning.
  • Banking & Financial Services knowledge (industry trends and developments, organization & controls, business & IT regulations and law, risk management, tax treatments, accounting treatments, etc.).
  • Car industry, trends, competitive landscape.
  • Solid knowledge and understanding of IT architectures and system integration paradigms.
  • Problem Solving and continuous improvement skills.

Benefits of working at BMW Group Canada include: 

  • An award winning culture.
  • Cutting edge innovation and creativity.
  • Incredible BMW, MINI and Motorrad employee vehicle/motorcycle programs.
  • Flexible working models.
  • Highly competitive compensation.
  • Performance incentives programs.
  • First-rate health and wellness benefits.
  • Education reimbursement. 
  • World-class office space.
  • Fresh & nutritious meals in our amazing fully staffed, and subsidized, onsite cafeteria.
  • Fully stocked coffee/tea bar.

What are you waiting for...jump into the driver's seat and apply today! 

BMW Group Canada is committed to attracting and retaining a diverse team of associates and creating an inclusive environment. BMW Group Canada does not discriminate against applicants based on race, national or ethnic origin, colour, religion, sex, sexual orientation, gender identity, or disability or any other status or condition protected by applicable federal, provincial or territorial law.
BMW has an accommodation process in place that provides accommodations for employees with disabilities. Accommodations for disabilities in relation to the job selection process are available upon request. If you require a specific accommodation because of a disability or a medical need, or you would like to learn more about our Accessibility policies, provide feedback or request documentation, please contact Accessibility@bmw.ca. 

Accounting/Subledger Project Manager

20230124
Automotive
Toronto, Ontario
Canada
Legal Entity:
BMW Group Financial Services Canada
BMW Group
Location:
Toronto, Ontario
Job Field:
Accounting
Job Id:
23000093
Publication Date:
24.01.2023
Full-time
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