Senior Director, General Accounting, Settlement Operations & Management Reporting

Job title:

Senior Director, General Accounting, Settlement Operations & Management Reporting

Company

CIBC

Job description

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 visitWhat you’ll be doingReporting to the SVP, Finance Operations, the Senior Director, General Accounting, Settlement Operations & Management Reporting, has over-all accountability for the daily operations of General Accounting, Management Reporting and Settlement Operations for CIBC Companies in North America and select regions.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 succeedSettlement Operations – Manage all operational aspects of Accounts Payable, Fixed Asset Management, Expense Reimbursement, Supplier Onboarding and Commercial Cards, for all CIBC Lines Of Business in Canada, U.S. and select Regions. Manage payment escalations, investigations and ownership of CIBC’s Fixed Asset sub-ledger. Accountable for the Bank’s Employee Expense Reimbursement, Spend Authorization, and Fixed Asset Management policies. Accountable for the governance and relationship management with key external stakeholders including BPO resourcesGeneral Accounting – Support the financial statement close process through the collection, creation and uploading of journal entries received from business partners. Ensure the integrity of general ledger, prepare financial reports, financial statement notes and develop and maintain appropriate internal controls. Review and approve accounting entries, including self-assessment of commodity taxes, accruals, prepaid expense drawdowns and allocations between lines of business and/or legal entities. Lead and coordinate the analysis of monthly financial results and variances, identifying contributing factors, issues and opportunities causing variances and trendsManagement Reporting – Increase the capability and adoption of self-service reporting, resulting in streamlined and less manual processes by business users. Implement process improvements through standardization, rationalization and utilization of best practices. Lead and maintain operations and service levels of the Management Reporting teamLeadership – Provide leadership and effective management of business unit staff to influence employee commitment to the organization by leading continuous process improvement through standardization and automation, with the goal to improve efficiency and reduce redundancy across all areas of responsibility. In addition, focus on building team and individual capabilities and managing performance by providing formal and informal feedback, and identifying and removing obstacles to performance.Who you areYou can demonstrate a minimum of 10 years of work experience in accounting, management reporting, settlement operations or related areas. You have knowledge of business process design that encourages a critical, fresh look at key processes and focuses on optimizing organizational performance, and can lead the design and implementation of business process methods and tools. In addition, you have the ability to measure the quality and quantity of work effort for the purpose of improvement, and work to create a climate in which measurement of effectiveness is a standard practice. Further, you have experience with monitoring, updating, or enhancing existing business or work process, and have created mechanisms (including Time Capture) for regular process reviews and continuous process improvement. It is an asset if you have a professional accounting designation and/or MBA.You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it’s the right thing to do.You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance.You look beyond the moment. You know what you do will make a difference today and tomorrow. You look for new opportunities to define what’s possible.Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.What CIBC OffersAt 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 conditionsWhat you need to knowCIBC 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 contactYou 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 FloorEmployment Type RegularWeekly Hours 37.5Skills Analytical Thinking, Critical Thinking, Deliverables Management, Financial Analysis, Financial Analysis and Reporting, Group Problem Solving, Leadership, Project Management

Expected salary

Location

Toronto, ON

Job date

Sat, 27 Jul 2024 02:53:54 GMT

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