Senior Manager, T&O Financial Control

Job title:

Senior Manager, T&O Financial Control

Company

Royal Bank of Canada

Job description

Job Summary

Job Description

What is the opportunity?

This is a critical role within the Corporate Support Technology and Operations Finance Control team. As the world of banking evolves the importance of technology has never been so important. And as technology spend increases, the accounting over that spend becomes of significant importance. As a subject matter expert, you will lead the organization in the accounting for technology expenditures, especially in the area of application development.

What you will do?

As a key member of the T&O Financial Control Team, reporting to the Director, T&O Financial Control, your responsibilities will include:

• For proposed application development projects:

• Review expected deliverables and spend to provide preliminary guidance whether expenditures are to be capitalized as internally generated intangible assets or expensed
• Assist business partners with documenting support for useful life assessments
• Raise accounting issues that may be present in project proposals
• Work with project managers to review actual application development expenditures for Large Programs in order to determine the percentage of spend that should be capitalized and the expected useful life of the software assets
• Lead a study to sample project spend in order to determine and support a capitalization rate that is generically applied to all application development projects that are not considered a Large Program
• Lead controls around capitalized development projects including:

• Conducting annual impairment assessments on Large Programs
• Quarterly impairment review of projects that were cancelled or put on hold, projects related to retired applications, and potentially stale projects
• Propose and implement process improvements, streamlining, standardization, data analytics and controls for all of the above
• Interpret IFRS accounting standards to determine the accounting and financial reporting treatment for new, material, and/or complex, unusual transactions within T&O and lead discussions with the Accounting Policy Group
• Prepare memos and presentations, as needed, such as the quarterly finance slides to the T&O Operating Committee
• Provide training, coaching, and development to colleagues (managers) that may assist in the above
• Lead special projects as assigned by Director, Finance Control
• Manage assigned financial control responsibilities of the team

What you need to succeed?

Must-have

• An accounting designation (CPA or equivalent from other countries)
• 5+ years of financial accounting experience, including at least 1 year of senior manager experience
• Accounting memo writing skills
• Hands-on experience interpreting and implementing IFRS accounting standards
• A self-starter who can work independently and multi-task
• Team player with strong communication skills that is able to bring together large groups of stakeholders to achieve a common goal
• Ability to work through complex and ambiguous situations

Job Skills Accounting, Audits Compliance, Financial Accounting Systems, Financial Analysis and Reporting, General Ledger Administration, Generally Accepted Accounting Principles (GAAP), Long Term Planning, Performance Management (PM), Tax Regulations

Additional Job Details

Address: 20 KING ST W:TORONTO

City: TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Office of the CFO

Job Type: Regular

Pay Type: Salaried

Posted Date: 2024-02-02

Application Deadline: 2024-02-17

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expected salary

Location

Toronto, ON

Job date

Sun, 04 Feb 2024 02:15:39 GMT

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