Sr. Analyst, Accounting Reconciliations

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 visit CIBC.com

What You'll Be Doing

This role as Sr. Analyst on the Accounting Reconciliation team is responsible for the integrity of the financial results in accordance to GAAP (IFRS or local GAAP as applicable) and management accounting policies. This involves creating financial analysis, interacting with auditors – internal & external and other accounting related activities such as investigating report discrepancies, overseeing the completion of the month-end reconciliation and supporting the team with ad-hoc requirements and project initiatives.

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

• Manage monthly reconciliations – provide oversight and ensure all balance sheet accounts are reconciled appropriately for Wealth LOB & LE. Will also need to oversee/create new reconciliations where they do not exist e.g. CIBC SI and Investor Services Inc dealer’s settlement accounts.
• Problem solving – you persist to investigate and understand end to end processes beyond our team to identify gaps and recommend solutions that are optimal for the bank.
• Communication skills – Good ability to prepare and present financial information effectively articulating issues/recommendations via your analysis and assessment of financial results and maintain a close working relationship with all your business partners across the bank.
• Ensure Finance-owned SOX controls (including suspense accounts) are effective and performed on regular basis to identify/manage exposure to risks, escalating issues as appropriate.
• Data analytics – support accounting transformation and analysis through use of modern data mining techniques and data analytics tool.
• Continuous improvement –growth mindset and sharing of ideas and opportunities, constantly looking for ways to improve the processes you own or contribute to.

Who You Are

• You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
• You can demonstrate knowledge in financial and management accounting, proficiency in accounting and desktop applications such as Oracle Peoplesoft & BI, Microsoft Office, especially advanced Excel functionality for data management. It's an asset if you are technically savvy and enjoy learning new tools and systems e.g. SAP, AI, Alteryx, etc.
• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

#LI-TA

What CIBC Offers

At 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 conditions

What you need to know

• 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 [email protected]

• 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.

Job Location

Toronto-81 Bay, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Accounting, Analytical Thinking, Balance Sheet Account Reconciliations, Balance Sheets, Financial Analysis, General Ledger (GL), Internal Controls, Management Reporting, Profit and Loss (P&L) Management