|Reference # :||19-00218||Title :||Finance Analyst|
|Location :||Toronto, ON|
|Position Type :||Part Time/Contract|
|Experience Level :||Start Date / End Date :||01/28/2019 / 01/31/2020|
Job Title: Finance Analyst - 30229
Duraiton: 01/28/2019 to 01/31/2020
The Financial Reporting and Regulatory group within the Chief Accountant's department (FRR) is primarily responsible for the accurate and timely disclosure of the Bank's consolidated financial results as well as reporting regulatory returns to OSFI, Statistics Canada, and Bank of Canada.
This position will report jointly to the Manager Financial Reporting Balance Sheet and the Senior Manager for Shareholder Reporting.
1. Reporting to the Manager, Financial Reporting, the primary responsibility of this role is to look after the Average consolidated balance sheet, work with Bank of Canada on any issues relating to the L4 Monthly Average Return of Assets and Liabilities as well as the review of returns that are due on a calendar quarter.
Oversee the production of monthly and quarterly operating results for Average Consolidated Balance Sheet this includes review of Post Closing Adjustments (PCA), analysis of intercompany and fluxes
Review Monthly Average Return of Assets and Liabilities (L4) to Bank of Canada (BoC) and ensure the report is complete, accurate, timely and free of errors
Provide BoC timely responses to queries.
Provide advice and guidance to business partners on a range of financial accounting issues relating to Averages
Review the Stats Canada Return due on a calendar quarter
Review the quarterly templates for Head office units (Remaining Contractual Maturity, Interest Rate Sensitivity, Provisions and Fair Value disclosures
Review the bank legal entity unconsolidated financial statements
Preparation of the full set annual financial statements in Cognos, including roll forward, mock up, checking comparatives and archiving
Review of monthly subordinated debt schedule
Review of monthly Head office Currency Translation Account (CTA) reconciliation
Preparation/review of selected monthly GL entries
Conduct regular, on-going evaluation of current processes and provide guidance and recommendations to enhance the team's overall performance.
Identify accounting and operational issues and provide recommendations for resolution
Special projects, as assigned.
2. Reporting to the Senior Manager, Shareholder Reporting, incumbent will be responsible for the assisting in the seamless execution of IFRS external reporting. Other key accountabilities include working with key internal partners to implement any necessary changes to the consolidated bank shareholder reports.
Compiling and tracking changes to the quarterly earnings release to shareholders, including MD&A and Financial Statements as part of the Multi-Way Reconciliation process.
Compiling and editing commentary in the MD&A, Earnings News Release, Financial Statements and Notes, Supplemental Financial Information package, and Supplemental Regulatory Disclosure package.
Maintaining all changes to the Annual and Quarterly reports through to report publication and release. Assist with Bank's external Annual and Quarterly Report design firm(s) as required.
Coordinating with various internal groups (such as taxation, legal, investor relations, corporate and public affairs, internal auditors, etc) and external groups (such as auditors, French translators, etc.) with regard to the Annual and Quarterly Reports, including resolution of technical accounting and regulatory reporting issues.
Special projects, as assigned.
-5-7+ yrs Financial Analyst exp. (some from banking industry)
-Accounting designation (CPA, CGA, CMA)
-Exp. with Financial Statements (specifically from banking industry)
-Exp. reviewing entire month end closing process (of inter company reports, journal entries, entire average balance sheets before it's submitted to Bank of Canada)
-Understands returns & identifying errors before it's submitted to regulators
NICE TO HAVE:
-Leader exp. - nice to have
-Familiar with public reports of bank (NDA, shareholder info, financial statements of bank)
-Demonstrates a commitment and dedication, attention to details, communicates well with others, can multi-task and quickly jump from one to another
Must be adaptable to changes as a result of more complex and voluminous disclosure requirements
Must be detailed oriented and process focused
Must demonstrate excellent written and verbal communications skills with the ability to communicate clearly
Must demonstrate organizational awareness and the ability to manage strong relationships within and across multiple businesses