Sr. Financial Analyst, Legal Entity Reporting

CIBC; Toronto; On-site; CAD 90,000 - 125,000; Full time

Benefits offered by this job

MomentMakers

Pension plan (defined benefit)

Employee share purchase plan

Wellbeing support

Vacation offering

Job summary

CIBC is seeking a Senior Financial Analyst to support the Legal Entity Reporting team in producing quarterly and annual reports, including compilation and review of financial statements and notes disclosures. You will prepare annual statements, coordinate reviews with key stakeholders, and respond to external auditors.

Hybrid work setup with on-site 1-3 days weekly. You will review variances as a second line of defense and assist with ad-hoc regulatory projects, leveraging your IFRS knowledge

Qualifications

• CPA accreditation or final year in progress.
• Experience with IFRS/financial reporting and MS Word, Excel, and PowerPoint.
• Knowledge of regulatory requirements (OSFI/OSC/SEC) is a plus.

Responsibilities

• Support the Legal Entity Reporting team in producing quarterly and annual reports.
• Prepare annual legal entity financial statements and notes disclosures.
• Coordinate and lead review sessions with Directors, Controllers and VP, Statutory and Regulatory Reporting.
• Respond to requests from external auditors.
• Act as second line of defense, reviewing variances and unusual data points.
• Provide ad-hoc project support including regulatory changes and significant transactions.

Skills

Accounting

Accounting Processes

Accounting Reconciliation

Analytical Thinking

Communication

Financial Reporting and Analysis

Financial Reports

Process Improvements

Education

CPA or CPA in final year

Tools

MS Word

Excel

PowerPoint

Job description

What you’ll be doing

In this role, you will be supporting the Legal Entity Reporting team in producing CIBC’s Legal Entities Quarterly and Annual Reports, including the compilation and review process for the financial statements and notes. As a Senior Financial Analyst, you will be responsible for preparing certain annual legal entity financial statements and note disclosures, and quarterly financial results packages, coordinating and leading review sessions with key stakeholders including the Director, Statutory Reporting, Controllers and the VP, Statutory and Regulatory Reporting, responding to requests from key stakeholders, including CIBC’s external auditors. You will also act as a second line of defense, reviewing and questioning unusual period-over-period variances or unique data points. In addition, you will provide support to other statutory or regulatory reporting teams, and ad-hoc project support, including changes in accounting and regulatory standards, significant transactions, or other internal reporting changes. 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

• Communication – You have excellent verbal and written communication skills which allow you to effectively communicate with stakeholders to resolve issues and assist in the completion of the financial results packages for the Board of the respective legal entity.
• Organization & time management – You’re organized and have good time management skills, which ensures that you can manage conflicting priorities to meet tight deadlines and produce high-quality work under pressure. You are able to effectively track open issues and questions as well as outstanding information requirements, and follow-up promptly on these items.
• Attention to detail – You’re committed to getting things right, and you speak up when things don’t make sense or you don’t understand certain information as you review disclosures which are prepared by other team members or stakeholders. You bring the same commitment to the disclosures that you prepare, making sure you make every reasonable effort to ensure that disclosures are complete and accurate and in compliance with the relevant requirement.
• Being proactive – You try to anticipate challenges and you aim to provide a ‘no-surprises’ experience to stakeholders and your manager by keeping the team apprised of issues or late changes that you become aware of.
• Collaboration – You’re a team player that supports a collaborative work environment and sharing of information and knowledge across your team. You like to learn, and welcome opportunities to cross-train with other individuals to gain knowledge about other processes and to share your knowledge with others.
• Continuous improvement mindset – You question status quo in a constructive manner and strive for efficiency in everything you do with the objective to improve the quality of your deliverables, including the use of AI-based tools.

Who you are

• You love to learn. You're passionate about growing your knowledge, and you know that there is no limit to what you can achieve. 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're a certified professional. You have current accreditation and good standing as a Chartered Professional Accountant (CPA) or in your final year to be designated.
• You can demonstrate experience with International Financial Reporting Standards and/or financial reporting, and proficiency with MS Word, Excel, and PowerPoint.
• It’s an asset if you have knowledge of financial institutions and associated regulatory requirements (i.e. OSFI/OSC/SEC) or audit experience with a public accounting firm.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

What CIBC Offers

• 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.

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

Job Location

Toronto-81 Bay, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

• Accounting
• Accounting Processes
• Accounting Reconciliation
• Analytical Thinking
• Communication
• Financial Reporting and Analysis
• Financial Reports
• Process Improvements

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 [e-mail] CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise. 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 test (such as simulation, coding, French proficiency). We use artificial intelligence tools during the recruitment process. 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.

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 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.