Financial Reporting Manager - Toronto, Canada - HomeEquity Bank

HomeEquity Bank

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

WHO WE ARE

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio.

As the only bank solely dedicated to serving homeowners 55 and up, we're passionate about helping Canadian homeowners live retirement on their terms.

We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.

Our Values, Our Passion
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

Customer-Focused. Passionate Advocates
Courage to Act. Do the Right Thing
One Team. One Vision
Think Long-Term. Ever-Evolving
Be Exceptional. Inspire Greatness

The Financial Reporting Manager will be responsible for overseeing all aspects of financial reporting, ensuring accuracy, compliance, and timely dissemination of financial information.

This individual will play a key role in supporting the organization's strategic goals and objectives by providing insightful analysis and reporting to senior management and external stakeholders.

MAJOR ELEMENTS OF THE ROLE
Financial Reporting

Preparation of quarterly and annual IFRS compliant financial statements meeting all Office of the Superintendent of Financial Institutions (OSFI) and Ontario Securities Commission (OSC) requirements
Ensure accuracy and completeness of financial data by reviewing and analyzing financial statements, general ledger accounts, and supporting documentation
Responsible for all consolidation activities including the review of the consolidation entries
Responsible for the preparation of all OSC continuous disclosure requirements including Management Discussion and Analysis (MD&A) and Annual Information Form (AIF)
Responsible for holding company accounting reconciliations and financial statements
Analysis of expected credit losses and specific reserves
Responsible for optimizing financial reporting and operational processes
Coordinate financial statement and MD&A support for external audit, including the preparation of audit schedules and responding to auditor inquiries
Participate in the automation of financial statements and reporting
Stay abreast of emerging accounting standards and reporting requirements (IFRS)

Financial Analysis and Management Reporting

Analyze financial data and trends to provide insights and recommendations to senior management for strategic decisionmaking
Assist with inputs into the monthly and quarterly forecast models
Prepare financial reports and analysis to senior management, and other stakeholders as needed

SKILLS AND EXPERIENCE REQUIRED
Qualifications and Technical Expertise

Professional Designation, CPA (Certified Public Accountant)
Bachelor's degree in finance, accounting, or a related field.
Minimum 5 years of hands on and progressive experience in financial reporting, including experience in a public accounting firm
Experience with financial reporting software such as Workiva and ERP systems would be an asset
Indepth knowledge of accounting standards (IFRS), principles, and best practices
Advanced proficiency in Microsoft Excel

Attributes

Strong analytical skills with the ability to interpret complex financial data and trends
Excellent attention to detail and accuracy, with a high level of integrity and ethical standards
Excellent communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels
Ability to manage multiple priorities and meet deadlines in a dynamic work environment

Working Conditions Unique to Job

Hybrid office environment

WHY WORK AT HOMEEQUITY BANK?
Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility - an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture - With People at the Centre

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto's Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures , the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs incl