Senior Financial Analyst

Job title:

Senior Financial Analyst

Company

CIBC

Job description

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.To learn more about CIBC, please visitThis role as Financial Analyst on the Wealth Controllership team is responsible for the integrity of the financial results in accordance to GAAP (IFRS or local GAAP as applicable) and management accounting policies. The position is accountable for monthly accounting close to support consolidations, statutory, regulatory and management reporting for CIBC Strategic Business Units (SBU), Legal Entities (LE) and Lines of Businesses (LOB). This involves creating and uploading journal entries, financial analysis, interacting with auditors – internal & external and other accounting related activities such as investigating report discrepancies, overseeing the completion of the month-end reconciliation and supporting the team with ad-hoc requirements and project initiatives.At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.How You’ll Succeed

• Manage monthly, quarterly and annual close processes – ensuring accounting is completed timely and accurately, including critical review of journal entries and financial results from SBU, LOB & LE perspectives. Provide proactive communication of variances/issues to minimize surprises during the GL close process and escalate if required.
• Manage monthly reconciliations – provide oversight and ensure all balance sheet accounts are reconciled appropriately for Wealth LOB & LE. Will also need to oversee/create new reconciliations where they do not exist e.g. CIBC SI and Investor Services Inc dealer’s settlement accounts.
• Problem Solving – you persist to investigate and understand end to end processes beyond our team to identify gaps and recommend solutions that are optimal for the bank.
• Communication skills – Good ability to prepare and present financial information effectively articulating issues/recommendations via your analysis and assessment of financial results and maintain a close working relationship with all your business partners across the bank.
• Ensure Finance-owned SOX controls (including suspense accounts) are effective and performed on regular basis to identify/manage exposure to risks, escalating issues as appropriate.
• Data analytics – support accounting transformation and analysis through use of modern data mining techniques and data analytics tool.
• Continuous Improvement –growth mindset and sharing of ideas and opportunities, constantly looking for ways to improve the processes you own or contribute to.

Who You Are

• You give meaning to data. You enjoy investigating complex problems, and making sense of information. You’re confident in your ability to communicate detailed information in an impactful way.
• You can demonstrate knowledge in financial and management accounting, proficiency in accounting and desktop applications such as Oracle Peoplesoft & BI, Microsoft Office, especially advanced Excel functionality for data management
• You’re driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• You are tech savvy. You enjoy learning new tools and systems e.g. SAP, AI, Alteryx etc
• You’re a certified professional. You have or are working towards an accreditation in good standing e.g. CPA, CFA
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

What CIBC OffersAt CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.*Subject to plan and program terms and conditionsWhat you need to knowCIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contactYou need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.Job Location Toronto-81 Bay, 26th FloorEmployment Type RegularWeekly Hours 37.5Skills Accounting Policies, Accounting Processes, Analytical Thinking, Financial Reporting and Analysis, General Accounting, Management Reporting, Process Improvements, Reconciliations

Expected salary

Location

Toronto, ON

Job date

Sun, 08 Sep 2024 06:07:05 GMT

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