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Form of workRequisition ID: 196216
Tangerine is Canada's leading direct bank. We offer flexible and accessible banking options, innovative products, and award-winning Client service. The reason why Tangerine employees come to work each day is to help Canadians live better lives. We focus on making a difference in our communities, and that includes our own internal community. It's important to us that our employees feel empowered and enthusiastic about belonging to our Orange culture.
This position is primarily responsible for assisting in the preparation and presentation of the Tangerine Bank and its subsidiaries' quarterly and annual IFRS-based local Financial Statements. This position is also responsible for presenting financial results to the local team and providing commentary on material variations from prior periods. The Senior Accountant needs to assist in the preparation/review of Tangerine Bank's BCAR return. The Senior Accountant will report to the Manager, Financial Reporting.
Is this role right for you? In this role you will:
Stay abreast of developments in accounting standards.
Identify and implement the impact of new requirements on the financial statements and notes of the Bank.
Complete the disclosure checklist and draft note disclosures to ensure all material disclosures are made in a complete and accurate manner.
Prepare quarterly and annual financial statements including notes.
Benchmark financial statement note disclosures against industry standards.
Assess the reasonability of the information by performing analytical reviews, completing trend analysis, providing business explanations on material variances from comparative periods reconciling information gathered from various sources, and critically evaluating the figures in light of the accounting and reporting standards.
Ensure new business initiatives/developments are appropriately captured in the financial statements and notes.
Assist in the preparation of the annual and quarterly board reports.
Liaison with contacts across the Bank to assist in gathering the required information.
Document and maintain financial statement preparation procedures.
Identify and implement improvements to Financial Reporting processes on a continuous basis.
Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
University or College Degree
Minimum 5 years of post-qualification work experience in a banking environment preparing financial or regulatory returns (could be overseas but preferably in a Canadian setting)
Accounting designation is a must (CA, CGA, CPA - could be overseas)
Extensive knowledge of IFRS (Financial Instruments (Specifically, IFRS-9)
Working knowledge of OSFI reporting requirements for banks
Above "intermediate level" skills in Microsoft applications (Excel, Word, PowerPoint)
Exceptionally strong analytical skills and a very detail-oriented nature
Some more information you might want to know:
Financial Statements of Tangerine Bank
Unconsolidated Financial Statements of Tangerine Bank
Financial Statements of subsidiaries of Tangerine Bank
Bank Capital Adequacy Report (BCAR)
Calculating Fair values of certain financial instruments
Work in a hybrid home-office and standard office-building-based environment. Over-time could be required time to time.
Location(s): Canada : Ontario : Toronto
At Tangerine we value the unique skills and experiences each individual brings to the team, and are committed to creating and maintaining an inclusive and accessible environment. If you require accommodation during the recruitment and selection process, please let our Recruitment team know.
