Senior Accountant, Financial and Regulatory Reporting

Vancouver, British Columbia, ca
Company: Central 1 Credit Union
Category: Finance
Published on 2021-04-24 00:50:39
Company Description

Central 1 is the partner of choice for financial, digital banking and payment products and services - fueling the success of businesses across Canada. With $16.9 billion in assets, we leverage our scale, strength and expertise to power progress for more than 225 credit unions and other financial institutions, enhancing the financial well-being of more than five million customers from coast to coast. For more information, visit Central1.com.

Because of COVID19, all Central1 offices are currently closed to non-essential employees. This role will see you working remotely until our offices are reopened. The timeline to reopen is still under consideration, as are our future remote working policies.

Job Description

The Financial and Regulatory Reporting department will be the authoritative source and expert in accounting policies, regulatory requirements, corporate tax, capital management and complex accounting. They will offer professional opinions on accounting matters and develop reports to facilitate informed decision making by senior management.

The department will be responsible for the production and distribution of Central 1's quarterly and annual financial statements and MD&A. Additionally, the team will be responsible for the production and distribution of financial statements for Central 1's subsidiaries and affiliates as well as the production of regulatory reporting materials for Central 1 and its subsidiaries.

What you'll be doing:
  • Support Financial and Regulatory Reporting's leadership in the pursuit of executing core activities
  • Work in a dynamic environment with a focus on being agile to meet the growing and changing needs of stakeholders across the organization
  • Develop professional competencies and continuously work to improve strengths and professional performance
  • Collaborate with management and cross-functional teams to identify problems and develop solutions
  • Constantly ask "why" and be actively engaged in optimizing processes
  • Display behaviours aligned with Central 1's core values of being curious, collaborative, and courageous

  • You will have the opportunity to be exposed to the following non-exhaustive list of activities:

    Financial Instruments Accounting and Reporting
  • Conduct core accounting responsibilities (posting, reconciliations, analysis, etc.) related to financial instruments and treasury accounting
  • Create financial statement note disclosures relating to financial instruments, ensuring that the underlying calculations and supporting documents are complete and accurate
  • Develop technical accounting expertise in financial instruments and hedge accounting
  • Develop in-depth understanding of Central 1's financial products and their accounting impact
  • Assist in the production of year end deliverables for external audit
  • Ensure integrity of sub-ledger data within treasury management system

  • Income Tax for Affiliates and Subsidiaries
  • Prepare and cross-check reconciliation of tax balances, remittances and assessments
  • Prepare and cross-check the corporate income tax returns for all subsidiaries and affiliates.

  • Financial Reporting
  • Assist in the preparation of Central 1's financial statements and MD&A according to the prescribed timeline
  • Prepare and/or assist in review the monthly and quarterly financial statements for Central 1's subsidiaries and affiliates
  • Assist leadership in performing reviews of the quarterly and annual financial statements and MD&A to ensure consistency and accuracy

  • Regulatory Reporting and Capital Management
  • Obtain, assemble, calculate and analyze information from various systems to complete the monthly, quarterly, and annual regulatory reporting
  • Complete the monthly/quarterly and annual regulatory reports for the subsidiaries of Central 1
  • Interpret regulatory requirements and calculate and analyze Central 1's position in relation to these ratios

  • Process Improvement
  • Regularly review internal financial reporting processes, develop opportunities for improvement and proactively implement


  • Qualifications

    What you'll have:
  • A professional accounting designation (CPA) and a university degree, together with at least 4 years of progressive experience in the financial service industry
  • Experience in IFRS 9 Financial Instruments accounting is preferred
  • Working knowledge of core financial systems
  • Strong analytical, problem solving, organizational and time management skills
  • Exceptional written and oral communication skills
  • Ability to be independent, self-motivated, efficient and able to tackle competing priorities
  • Strong attention to detail
  • Ability to work collaboratively with stakeholders across Finance
  • Display an agile mind set to accommodate a dynamic environment

  • Teamwork and Collaboration skills
  • Self-motivated to challenge the 'status quo' and propose new approaches and processes to peers and leaders
  • Open, supportive and respectful to all team members and actively engaged as a team member to ensure quality of work performed
  • Collaboration skills with a proven track record of effective conflict resolution and team-building skills, including being a role model for others and sharing knowledge and experience to other team members


  • Additional Information

    As much as we believe in working hard, we also believe in personal growth and taking time for ourselves. Accordingly, our total rewards philosophy amounts to one of the best compensation and benefits packages in the industry - from performance-based incentives and extended benefits, to training and education reimbursements and ample vacation time.

    Central 1 is committed to building a diverse and inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We are welcoming of all applicants and we will provide an accessible candidate experience.

    Reporting to: Senior Manager, Regulatory Reporting and Capital Management
    Grade: E
    Date Posted: April 5, 2021
    Internal Applicants must apply by: April 12, 2021

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