Tangerine

Senior Accountant, Finance Control and Analysis

Job Post Start
10/10/2017
CA-ON-North York
Job Type
Regular Full-Time
Department
Finance and Accounting - 1007

Job Description

Department Summary:

 

The Finance Department at Tangerine is primarily responsible for the capture and reporting of financial information for internal and external audiences in accordance with applicable standards. In addition, the Finance Department performs other important functions.  The Treasury Administration function administers securitization transactions and ensures transaction details are accurately captured in our administrative systems so that they can be properly valued, accurately accounted for and appropriately cash settled.  The Accounts Payable team ensures that all outstanding obligations are discharged on a timely basis. The Management Accounting Team provides reporting and analysis to support senior management decision making and prepares forecasts each month as to the Bank's expected earnings. Furthermore, the Management Accounting Team works with the Strategy department and the business to prepare the annual Plan.

 

The Finance Department continually assesses risks and controls and takes action to ensure there is an effective system of internal control over financial reporting and other Finance functions. Finance also supports the business to ensure the successful implementation of corporate initiatives.  

 

 

Role Purpose:

 

The Senior Accountant of Finance Control and Analysis is responsible for performing a key control function for ensuring accurate reconciliation of all balance sheet and P&L accounts and compliance with the Bank’s accounting policies and IFRS guidelines. The Senior Accountant understands the source, process and rationale for all entries booked to the general ledger and ensures financial information is accurately reflected in our general ledger and reconciled with relevant sources. The Senior Accountant is able to work with minimal supervision, understands and resolves complex issues, has a very clear understanding of IFRS standards and trains and assists less experienced members of the team. The incumbent liaisons with other departments or service providers where necessary to investigate and resolve differences, issues and to design and implement process improvements. The Senior Accountant reports directly to the Manager of Reconciliation.

 

 

Role Accountabilities:

 

  • Analyze assigned general ledger accounts.
  • Explain period-over-period variances for assigned general ledger accounts.
  • Evaluate the recorded journal entries to ensure compliance with IFRS standards and the Bank’s accounting policies.
  • Reconcile complex general ledger accounts related to the Bank’s product offerings (i.e. mortgages, securities, mutual funds, overdraft account, deposits, and credit cards) and ensure timely identification and resolution of all reconciling items.
  • Reconcile complex general ledger accounts related to the Bank’s operational activities (i.e. payroll, fixed assets, stock-based compensation, leases, foreign currency accounting etc.) and ensure timely identification and resolution of all reconciling items.
  • Review and compile the daily reconciliation package. This also involves understanding the source, process and rationale for all entries booked to the general ledger.
  • Investigate, follow-up and resolve complex reconciliation issues spanning multiple channels and a multitude of vendors and systems.
  • Co-ordinate activities with external vendors and staff in other departments to investigate and resolve issues and to design and implement improvements.
  • Train and assist less experienced team members in executing their job responsibilities. This also involves answering queries of the junior members.
  • Ensure compliance with SOX requirements with respect to the assigned general ledger accounts.
  • Assist with answering external audit queries as well as preparing material requested by the auditors.
  • Assess the financial control processes to ensure adequate controls over mortgage investments, credit card and other banking products.
  • Identify and initiate process improvements to reduce manual effort and maintain accuracy and controls.
  • Update reconciliation procedures.
  • Other duties as assigned. 

 

Minimum Qualifications:                                                                                                                           

  • Education/Experience
    • Minimum 7 years of post-qualification work experience in accounting
    • Minimum 2 years of reconciliation experience
    • Experience working with mortgages, retail deposits, overdraft account and credit card reconciliations
  • Professional Certification
    • Completion of a financial accounting designation is a must (Canadian or overseas)
    • Completion of Canadian Securities Course is an asset
  • Specialized Knowledge
    • Expert level understanding of IFRS requirements
    • Strong understanding of all Banking products including, but not limited to, mortgages, investments, mutual funds, credit cards, overdraft accounts and retail deposits
  • Technical Skills
    • Exceptionally strong analytical skills
    • Systematic approach to problem solving
    • Strong computer skills with advanced proficiency in Excel and Access
  • Abilities
    • Proven ability to multi-task and to prioritize competing priorities
    • Demonstrated past track-record of successfully meeting tight deadlines
  • Attributes
    • Very detail oriented
    • Logical, clear, uncomplicated and organized thinking
    • Excellent verbal and written communication skills

 

Working Conditions:

                                  

The Senior Accountant, Finance Control and Analysis will be working in a traditional office environment and may be subject to special working conditions as needed by the business. Special working conditions may cover a range of circumstances from regular evening and weekend work, overtime, shift work, working outdoors and/or working with challenging clients.

 

Direct reports:

 

No.

 

 

Disability Accommodation:

 

Tangerine will make reasonable accommodations for the known physical or mental disabilities of an otherwise qualified employee or applicant for employment, unless undue hardship to Tangerine would result. Any applicant or employee who requires accommodation in order to perform the essential functions of a job should contact Human Resources or his or her supervisor.

 

Managing Risk:

 

All members of the Tangerine Team are responsible for managing risk and compliance within their departments. As such, employees should maintain and demonstrate the highest standards of integrity and ethical conduct in accordance with Tangerine policies, guidelines and directions.

 

Tangerine is an equal opportunity employer.

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