Vice President, Financial Reporting

Description

About Vancity

Vancity is a member-owned credit union built on the principles of inclusion and social justice. A relentless commitment to their values has helped them challenge the status quo and break down barriers since day one in 1946. They have bold commitments to make Vancity net-zero by 2040 across all mortgages and loans and are pursuing strategies on Indigenous banking and to improve the financial resilience of their members.

Vancity is the largest private sector Living Wage Employer in Canada and has been consistently recognized as one of the Top Employers in Canada. If you’re interested in joining their team of 2,700 diverse individuals and accessing competitive rewards and benefits, all while knowing you are part of a greater movement, then apply today!

About the workplace

Vancity is seeking a dynamic and strategic Vice President, Financial Reporting to oversee our finance operations, accounting, and reporting functions. This pivotal role will provide leadership and oversight across our entire financial reporting landscape, ensuring that our business strategies, plans, and initiatives are supported in compliance with governing regulations, internal policies, and best practices.

As a key member of our senior leadership team, the Vice President will collaborate with the Chief Financial Officer to shape the financial future of the organization while leading a high-performing team dedicated to delivering accurate, timely, and insightful financial information.

This is a permanent, full-time role that will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity head office location and your Lower Mainland based home office. This role may require you to work on-site at least once a week.

A typical day would involve:

• Lead and foster a culture of teamwork, integrity, and curiosity throughout the team to deepen relationships across the organization and leverage the entire credit union’s relationships, systems, and knowledge.
• Provide stewardship and oversight for Vancity’s monthly, quarterly and annual statutory and legal entity reporting, including management of financial accounting close processes and preparation of quarterly and annual reports, financial statements and related notes, MD&A, and suite of Annual Reports (which includes Accountability Statements, Climate Report, and Sustainability Issuance Report).
• Oversee regulatory reporting requirements for Vancity and its regulated subsidiaries while ensuring that the group of companies remains in compliance with financial regulatory requirements.
• Lead the development of tax strategies to optimize tax expense while ensuring compliance with all relevant tax legislation.
• Act as key liaison for External Audit/regulatory bodies for Vancity and its regulated subsidiaries. Overall responsibility for the design and operating effectiveness of appropriate internal controls for the department. Support reporting and presentations to the Audit Committee and the Board.
• Oversee finance operations, including accurate and proper execution and management of vendor payments, expense claims, and payroll processing. Lead the ongoing maintenance of and enhancements to related technology platforms and processes to optimize operating efficiency, implement control improvement opportunities, and integrate best practices.
• Ensure day-to-day activities of the department operate in a manner consistent with Vancity’s risk culture and the relevant risk appetite statements and limits.

You have:

• A Bachelor's degree in Commerce, Accounting, Finance, Business Administration or a related field.
• Chartered Professional Accountant (CPA) designation.
• 10+ years of experience in financial reporting, accounting, and financial management, including at least 5 years in a senior leadership role.
• Proven experience managing financial accounting close processes, financial statements, MD&A, and related reports.
• Strong background in regulatory compliance for financial reporting, including experience with regulatory reporting requirements for credit unions and financial institutions.
• Experience with sustainability reporting is an asset.
• Experience overseeing tax strategies and compliance with tax legislation.
• Demonstrated experience in leading and managing cross-functional teams and collaborating with internal stakeholders.
• Proven track record in operating effectively within a complex regulatory environment and ensuring the organization remains compliant with all financial and regulatory requirements.
• Familiarity with financial systems and technology platforms.

You are:

• Commitment to Continuous Improvement – As a forward-thinking leader, you’re constantly seeking ways to evolve financial reporting processes, adapt to changing organizational needs, and leverage emerging technologies to drive efficiency and accuracy in the reporting cycle.
• A people leader – You have the ability to inspire and motivate your team, fostering a positive and inclusive work environment. You are skilled in effectively managing team dynamics to achieve organizational goals.
• A strong communicator – Your ability to communicate complex financial concepts clearly and effectively, both in writing and verbally, ensures alignment across all levels of the organization. You bridge the gap and translate financial data into actionable insights.
• Analytical – You thrive on making data-driven decisions and are hands-on in collecting and analyzing financial data to build models, identify trends, and recommend strategies that enhance operational efficiency and support business growth.
• A problem solver – Your skills to diagnose challenges and issues, develop innovative business solutions, and assess risks and opportunities that may affect the business have been put to good use.

We value lived experience, so if you are interested in this role, we encourage you to apply even if you feel your skills don't perfectly align with those listed.

The salary range for this role is $177,200.00 to $266,000.00 annually. Base pay offered may vary depending on factors such as relevant qualifications, skills, previous experience, and internal equity. As part of our total rewards package, employees may also be eligible for our annual incentive program, subject to program eligibility requirements.

A career at Vancity is more than just a job, you’re joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay, we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:

• Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
• New employees receive between three to four weeks of vacation allowance per calendar year, and the number of vacation days grows.
• In addition to the 10 statutory holidays in British Columbia, Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness.
• We have flex credits for our health care & dental benefits offer three levels of coverage for you to select from. These benefits will also be effective immediately based on your hire date.
• We understand that retirement means different things to different people and at Vancity we will offer you a Defined benefits pension plan that pays you a retirement income for life.

At Vancity we’re committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent, understand and respond to our community needs and deliver on our member experience.

We are committed to providing an inclusive and accessible recruitment experience for all candidates. If you require any accommodations at any stage of the recruitment process, please reach out to our Talent Acquisition team at recruitment@vancity.com for confidential support. In-person assistance is also available. We will collaborate with you to ensure your needs are met promptly and effectively.