Accounting jobs in Canada

Apply locations Toronto, ON

Time type: Full time

Posted on: Posted 2 Days Ago

Time left to apply: End Date: November 27, 2024 (4 days left to apply)

Job requisition id: 2421603

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 visit CIBC.com

What you’ll be doing

The People Cost Accounting department within the General Accounting team provides global oversight for various Incentive Compensation programs and Pension accounting. The team is responsible for accounting related operational activities, financial accounting operations, preparation of consolidated disclosure material, and related projects. The team works closely with key business partners in human resources, equity compensation, capital management, and taxation, as well as 3rd party suppliers.

As the Sr. Manager, your main responsibility is to manage the business and financial analysis of the Incentive Compensation Accounting functions relating to the financial accounting and reporting as well as related internal controls for the various CIBC Incentive Compensation programs. The role includes management of all necessary control activities and processes and the development, implementation, and monitoring of all necessary control procedures to ensure the integrity of financial information on a timely and accurate basis. Over time the role could evolve to also include Pension accounting oversight looking at this position as a potential succession for the Director, People Cost Accounting.

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

• Financial and Business Analysis - Conceive or undertake financial/business analyses of initiatives and develops recommendations for discussion, review and acceptance at the senior management level. Provides analysis of financial data, the impact of internal/external factors, and/or adoption of new procedures or processes including providing required information for public disclosure and other regulatory filing purposes.

• Incentive Compensation Accounting - Manage large and complex work packages throughout the year such as the annual December 1 vesting, the annual Incentive Compensation reconciliation and applying hedge accounting for designated awards. Responsible at a senior level for analyzing financial impact of multiple deferred equity plans on CIBC or business unit performance. Involved in strategic, financial and operational planning for CIBC or large operating units within CIBC with respect to incentive compensation or deferred equity accounting. Responsible for ensuring that the financial/risk management systems, procedures, controls and policies within Incentive Compensation Accounting are appropriate so that timely, accurate and reliable information and analysis is produced making recommendations and suggesting possible consequences of proposed actions to senior management.

• Deferred Equity Awards - Responsible for operational activities related to deferred equity awards including expense recognition in accordance with plan terms and relevant accounting standards, hedge accounting for related cash flow hedges, compliance with immunization agreements in place with participating entities and global oversight for incentive compensation-related accounting for the CIBC Group of Companies.

• Stakeholder Management - Consults with internal and external stakeholders on financial matters from time to time, including responding to financial queries from the Consolidation team, executive management, other financial areas i.e. Taxation, legal, legal entity finance contacts, HR, auditors. Foster strong working relationships with a wide variety of stakeholders. This includes financial accounting, preparation of note disclosures, and senior executive support.

Who you are

• You can demonstrate advanced knowledge of accounting principles and organizational structures, and sound knowledge of financial information practices. You have knowledge of regulatory issues and/or complex accounting/reporting systems and have an ability to identify, extract, and apply the information appropriately, as well as understanding and knowledge of the complex accounting and reporting systems. It’s an asset if you have knowledge of IFRS 2, IFRS US GAAP for Incentive Compensation awards and/or SAP Accounting systems.

• You’re a certified professional. You have current accreditation and good standing in an accounting designation or related (CPA, Masters etc.), with progressive experience within a large multi-dimensional organization.

• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.

• You act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results.

• 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're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

What CIBC Offers

At 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 conditions

What you need to know

• CIBC 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 contact Mailbox.careers-carrieres@cibc.com.

• You 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 Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Accounting Advisory, Accounting Processes, Accounting Standards, Deliverables Management, Employee Relationships, Financial Modeling, Financial Recordkeeping, Leadership, Management Reporting

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.