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
The role is responsible for providing valuable consulting in complex areas of general accounting, applying advanced concepts to assist in the development and implementation of new procedures that enhance workflow. The role uses independent judgement to monitor the progress of projects and ensure day to day operations are performed according to established general accounting policies and practices, industry standards, and internal CIBC policy.
What You'll Be Doing:
- Partner with members of Finance in the creation and enhancement of current cost allocation methodologies and ensure that the related documentation meets the requirements of regulators and tax authorities.
- Based on the cost allocation methodology, as well as internal policies and procedures, on a monthly basis, ensure that appropriate invoicing and payment of inter-company services occurs and are properly accounted for.
- Review inbound and outbound cost allocations to determine appropriateness of the charge in accordance with internal policies and procedures.
- On a daily basis, monitor transactions with affiliates that fall under the scope of Section 23A of Regulation W to ensure proper collateral is posted and required limits are not exceeded. Related transactions and balances will be regularly communicated with applicable members of Finance and Compliance.
- Create and generate ADHOC reports
- Responsible for various analytical assessments of more complex transactional activities culminating in a determination of appropriate accounting entries.
- Discover and document internal processes and procedures, controls, data flow, and reporting requirements
- Manage multiple tasks and projects as assigned by senior management
Requirements:
- Working knowledge of U.S GAAP and IFRS
- Minimum of 5 years of experience in roles of increasing responsibilities
- Financial Reporting experience
- Strong understanding of intercompany transactions and accounting, consolidation accounting and reporting
- Strong knowledge of accounting system and data conversions, integrations, and implementations
- Technical experience with databases, the storage and movement of data, and the ability to understand how data is obtained and extracted for general ledger accounting and financial reporting
- Proficient with Microsoft Excel, Visio, FIS/Hyperion, SAP, Alteryx
- CPA and Public Accounting experience preferred
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $90,000.00 - $110,000.00for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.
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*, 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 Mailbox.careers-carrieres@cibc.com
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 tests (such as simulation, coding, 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
IL-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Accounting Policies, Accounting Processes, Analytical Thinking, Client Counseling, Communication, Financial Reporting and Analysis, Management Reporting, Process Improvements, Reconciliations
