Director, Accounting & Consolidation
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Job Location:
Monthly Salary:
Posted on:
20 hours ago
Vacancies:
1 Vacancy
Job Summary
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 800000 customers acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$142 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Director Accounting & Consolidation plays a critical role within the Banks Accounting and Finance Department and is responsible for the effective and efficient management of core financial control functions including technical accounting and accounting policy (including providing accounting guidance and preparing technical accounting memos/position papers where required) consolidation month-end and quarter-end close and financial statement preparation. This position requires strong people leadership sound judgment and excellent communication and organizational skills to lead a team of accounting professionals and partner effectively across the Bank.
The Core Responsibilities:
- Provides accounting advisory support and guidance to business unit inquiries (including new product and service launches) and prepares technical accounting memos/position papers to document conclusions where required
- Leads the month-end and quarter-end financial statement close and Group consolidation process including coordinating close activities across the Banks subsidiaries (e.g. Concentra Bank Bennington Financial Services (BFS) and other wholly owned subsidiaries)
- Owns the integrity accuracy and timeliness of financial reporting for the Bank and its subsidiaries including the preparation and review of external financial statements and related disclosures
- Partners with the Middle Office team on derivatives and hedge accounting including identifying natural hedge relationships supporting hedge designation/documentation and advising on hedge accounting strategies to minimize fair value mismatches
- Leads finance projects as assigned which may include complex areas such as portfolio purchase and sale transactions intercompany agreements etc.
- Manages a team of accounting professionals by providing overall business context guidance and coaching
- Manages the Banks external auditor relationship including coordinating the annual audit and quarterly reviews overseeing PBC requests and issue resolution and supporting specified procedures and prospectus-related filings as required
Lets Talk About You!
- Completion of a recognized CPA accounting designation
- Strong technical accounting knowledge (IFRS) with the ability to provide accounting guidance to stakeholders and draft clear accounting memos/position papers to support conclusions
- 710 years of progressively responsible experience in accounting and financial reporting including consolidation and financial statement close processes preferably within financial services
- Strong knowledge of derivative accounting and hedge accounting including documentation effectiveness assessment and financial statement presentation and proven ability to partner with Middle Office and other stakeholders
- Strong systems and analytical skills including advanced Excel and experience with ERP and/or consolidation/reporting tools
- Proven success as an Accounting/Finance leader in a director or similar role preferably in financial services
- Strong organizational skills to be able to set priorities develop work schedules and timelines and monitor and track progress
- Excellent written and verbal communication skills including the ability to present complex accounting matters clearly to senior stakeholders
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Director
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
