Director, General Accounting

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

The Director role in General Accounting is responsible for providing leadership and management of staff in order to achieve high performance levels and service excellence. The Director oversees all HR requirements, ensures collaboration and integration of work within and across teams with a primary focus on managing objectives that go beyond day to day operations. The key functions of the General Accounting team include performing accounting for expenses and intercompany related transactions across all SBUs, providing financial accounting analysis to business partners and providing accounting advice to support product development and enhancement 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

• Accounting Operations Management - Oversee the operational management through proper resource allocation, process adherence and compliance. Manage work priorities, activities and volumes to ensure established Service Level Agreements are met or exceeded. Provide guidance and/or recommendations in the resolution of escalated issues/concerns from business partners. Support a culture of continuous improvement through the development and implementation of process improvements to ensure consistency and standardization of best practices. Develop and maintain productive and collaborative internal and external business partner/stakeholder relationships

• Accounting Governance and Controls - Contribute to the development and implementation of financial accounting procedures to ensure compliance with accounting policies and ensure they meet requirements of user groups. Ensure the financial statement close process and settlement process is conducted in a timely manner and in alignment with financial accounting policies and procedures. Manage the integrity of financial results in accordance with GAAP (IFRS and local GAAP as applicable) and management accounting policies. Ensure Finance-owned controls are performed on regular basis and escalate issues as appropriate. Establish financial controls that reflect inherent risk and to manage exposure to material risks; liaise with internal and external auditors as appropriate to assess risks. Ensure all General Ledger entries are made on a timely basis and reflect the economic activities of the business. Provide support and direction to team members for the treatment of new and/or unusual transactions

• People Management - Set appropriate context when assigning work to ensure that individuals’ roles support the achievement of the business unit’s priorities and CIBC’s overall goals. Build team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training. Manage performance by providing fair and accurate formal and informal feedback, identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities. Create a positive work environment and being an effective role model by championing CIBC’s mission, vision and values. Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect. Hire the right people in the right jobs to align individual capabilities with job requirements and business unit goals.

• Stakeholder Management - Liaison between Controllership team members, Accounting Policy team, Chief Financial Officer (CFO) teams and other internal and external partners, auditors, controls teams to provide and obtain information. This includes financial accounting matters, preparation of note disclosures, and senior executive support.

Who you are

• You can demonstrate advanced knowledge of accounting principles and organizational structures, and sound knowledge of financial information practices.  You also have knowledge of regulatory issues and/or complex accounting/reporting systems and have an ability to identify, extract, and apply the information appropriately, as well as understanding and knowledge of the complex accounting  and reporting systems.  It’s an asset if you have knowledge of SAP Accounting systems

• You’re a certified professional.  You have current accreditation and good standing in an accounting designation or related (CPA, Masters etc.), along with 8+ years of relevant progressive experience, ideally within a large multi-dimensional organization.

• 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 act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results.

• 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're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.

• 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 Mailbox.careers-carrieres@cibc.com

• 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

Account Consolidation, Accounting, Communication, Consolidated Financial Statements, Financial Advising, Financial Controlling, Financial Operations, Financial Reporting and Analysis, Generally Accepted Accounting Principles (GAAP), Group Problem Solving, Leadership