Financial Reporting Lead

VersaBank; London; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading chartered bank in London, Ontario is seeking a Financial Reporting Lead. This role involves overseeing financial statements, ensuring compliance with IFRS and regulatory standards, and providing leadership in financial reporting processes. The ideal candidate has a Bachelor's degree, CPA preferred, and 5+ years of accounting experience in the banking sector. Competitive compensation and benefits are offered.

Benefits

Competitive compensation package

Outstanding benefit program

Tuition refund program

Fitness club membership

Qualifications

• 5+ years of accounting experience in the banking industry.
• Experience in public company environment with financial reporting knowledge.
• Ability to manage multiple priorities and deadlines.

Responsibilities

• Oversee preparation and accuracy of financial statements.
• Lead review of quarterly and annual financial statements.
• Support preparation of Management Discussion and Analysis (MD&A).
• Act as key point of contact for external auditors.
• Manage the month-end closing process.

Skills

Advanced knowledge of IFRS accounting standards

Strong analytical skills

Excellent interpersonal and communication skills

Strong problem-solving skills

Proficient in Excel

Education

Bachelor’s degree in Business Administration or related field

CPA designation preferred

Tools

SAGE

Power BI

Job description

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.9 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com.

We are looking for a Financial Reporting Lead to join the Finance & Accounting team. This role is located in London, Ontario and will work out of our VersaBank Innovation Centre of Excellence (VICE) office.

As a Financial Reporting Lead, you will take a lead in overseeing the preparation and accuracy of financial statements, while ensuring compliance with International Financial Reporting Standards (IFRS), regulatory requirements, and industry best practices. This role provides leadership in external financial reporting processes, making a direct impact on the integrity, transparency, and compliance of the bank’s financial disclosures.

Primary Responsibilities include:

• Lead and review the quarterly and annual financial statements, ensuring compliance with IFRS, OSFI guidelines and other applicable regulatory frameworks.
• Ensure accuracy, completeness, and timeliness of financial statements for public disclosures, investor reporting, and regulatory submissions.
• Monitor and interpret changes in IFRS and regulatory reporting standards, assessing their impact on financial disclosures and implementing necessary adjustments.
• Support the preparation of the Management Discussion and Analysis (MD&A), ensuring it provides in-depth insights into financial performance, key business drivers, risk exposures, and strategic outlook.
• Provide analytical support by highlighting key trends, performance drivers, and risk factors.
• Act as a key point of contact for external auditors, assisting in audit processes and addressing queries related to financial statement disclosures.
• Assist in the preparation of financial presentations for board meetings, investor calls, and shareholder reports.
• Manage the consolidation of financial results across multiple legal entities, including subsidiaries.
• Responsible for the month-end closing process.

Qualifications:

• Bachelor’s degree in Business Administration or other related field.
• CPA designation preferred.
• Advanced knowledge of IFRS accounting standards and strong understanding of US GAAP.
• 5+ years of accounting experience, with exposure to the banking industry.
• Experience working in a public company environment, with a deep understanding of financial reporting, compliance, and regulatory submission processes.
• Excellent interpersonal and communication skills.
• Strong ability to analyze and interpret financial data.
• In-depth understanding of financial concepts, accounting principles, and new standards.
• Strong problem-solving skills and the ability to manage multiple priorities and deadlines while maintaining a high level of accuracy.
• Demonstrated ability to work independently and as part of a team.
• Proficient in Excel, with experience using financial reporting tools, such as SAGE, Power BI, etc.

What we offer:

• A positive team-based work atmosphere that promotes collaboration.
• Competitive compensation package including base salary, an incentive award and pension supplement program.
• An outstanding benefit program.
• Tuition refund program.
• Fitness club membership.

Application Procedure:

If working for a 'non-traditional' bank with an entrepreneurial flair appeals to you, we encourage you to apply. We thank you for taking the time to apply. Please be advised that only those applicants selected for an interview will be contacted.

At VersaBank, we are committed to fostering a diverse, inclusive, and equitable workplace. We encourage applications from individuals of all backgrounds, including persons with disabilities, Indigenous persons, members of visible minorities, women, LGBTQ+ individuals, and other underrepresented groups. We believe that diverse perspectives strengthen our organization, and we strive to create an environment where everyone has an equal opportunity to succeed. We also encourage candidates with different abilities, relevant alternative expertise, or experience who can perform the essential and critical functions of the job, with or without support(s). If accommodations are required, we are dedicated to providing the necessary support to ensure full participation. VersaBank is an equal opportunity employer and complies with all applicable accessibility laws and regulations.