Accountant

ProViso Staffing; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading company in Global Finance is seeking a Product Control Analyst to join their Corporate Banking team in Toronto. The role focuses on daily operations involving accounting, reconciliation, and financial reporting, ensuring compliance with stringent control procedures. The ideal candidate will possess over 10 years of accounting experience, specifically in product control, and have excellent analytical skills. This position offers an opportunity to be a vital part of a dynamic financial environment, interacting with various departments to achieve business objectives.

Qualifications

• 10+ years of experience as Accountant or similar role.
• 2+ years as a Product Control Analyst.
• Strong experience with Microsoft Advanced Excel.

Responsibilities

• Prepare and analyze daily/monthly accounting, balancing and reconciliation for the Corporate Lending business.
• Produce and review daily GL account reconciliations.
• Ensure compliance with governing regulations and internal policies.

Skills

GL account reconciliations

P&L reporting and analysis

Microsoft Advanced Excel

Analytical skills

Problem-solving skills

Education

University or post-secondary degree

CPA

Tools

Microsoft Excel (VBA macro, VLOOKUP, pivot tables)

Job description

• Business group : Global Finance – Global Banking and Markets
• Project : Daily business as usual functioning of Product Control / Corporate Banking in GBM Finance

Purpose :

• Contributes to the overall success of the Product Control / Corporate Banking function in Canada and globally ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted comply with governing regulations, internal policies and procedures.
• Reporting to the Senior Manager, Product Control Corporate Banking, the role is primarily responsible for the preparation and analysis of daily / monthly accounting, balancing and reconciliation for the Corporate Lending business. Prepares assets and liabilities financial reports and various MIS reports monthly / quarterly.
• The individual is responsible for the above processes in accordance with strict control procedures. Such control procedures are critical to the accuracy of all reporting.
• This role will interact with several functional areas within and outside of Product Control. The key internal relationships outside of Product Control will be with the Corporate and Investment Banking Front Office, GWO Lending Services, Accounting & Control team within Product Control, Technology and GBM Finance units.

Candidate Value Proposition :

• The successful candidate will have an opportunity to contribute to the overall success of the Product Control / Corporate Banking function in Canada and globally ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.
• Ensures all activities conducted comply with governing regulations, internal policies and procedures.

Key Accountabilities :

• Produce and review daily GL account reconciliations between the Corporate Banking loans source system and the General ledger.
• Produce and review monthly GL account reconciliations between the General ledger and EGL.
• Produce and review daily P&L for the Corporate Banking business for loading to the P&L platform and ensure accuracy. Reconcile source data load to P&L platform and ensure that books are certified daily.
• Liaise with GBM Finance as needed regarding month-end business line adjustments.
• Monthly Balance Sheet Substantiation – for Toronto & International Transits, as assigned.
• Prepare quarterly LC Guarantee Fair Market Value Reports, as needed.
• Cross training and filling in for other positions to cover vacation and absence. Resolve any exceptions and questions escalated from the accounting officers relating to the Corporate Loans transits.

Must have skills :

• 10+ years of experience as Accountant or similar role.
• 2+ years of experience as a Product Control Analyst
• 5+ years of experience producing, reviewing and resolving daily GL account reconciliations is crucial for this role.
• 5+ years of experience in daily P&L reporting and analysis.
• Strong experience with Microsoft Advanced Excel (VBA macro, VLOOKUP, pivot tables)

Nice to have :

• Previous experience with Corporate Banking / Corporate Lending products.
• Previous experience with top 5 Canadian banks

Soft Skills Required :

• Strong analytical and problem-solving skills, excellent written and verbal communication skills.
• Ability to be highly organized, to work independently and under pressure, and to handle multiple tasks within the tight time constraints.

Education :

• University or post-secondary degree & / or technical background in related field is required
• CPA is nice to have

Best VS. Average Candidate :

• The ideal candidate will be an experienced Product Control Analyst with strong exp with producing, reviewing and resolving daily GL account reconciliations and has previous experience with Corporate Lending products.
• Interview format :

o 1st round : Panel interview with Senior Managers over MS team– 60mins

o Behavioral questions based on previous experience.

o Need to be able to articulate the projects with Real live examples.

o Questions will be around Dealing with tight timelines. Identifying and resolving discrepancies