Associate Director - Toronto, Canada - 0000050007 Royal Bank of Canada

Description

Job Description

What is the opportunity? The Associate Director role will support the Financial Control team on month end close, financial reporting and ad hoc tasks as assigned. What you will do? Manage a team of two individuals covering the following tasks:

Responsible for overseeing the recording and settlements of intercompany transactions between the broker dealer and counterparts globally

Work closely with the Transfer Pricing team and global finance counterparts to ensure accuracy and consistency for intercompany transactions

Prepare intercompany loan interest schedule, book associated monthly interest and settle interest when due

Responsible for the accounting of fixed assets for the broker dealer including internal developed software (IDS)

Responsible for reviewing and booking accruals for various expenses including market data, legal, audit and regulatory accruals ensuring accuracy with proper controls in place

Liaise with various operations and IT teams on compiling and subsequently amortizing multiple prepaid items including prepaid licenses and market data

Work with operations to process journal entries for clearing fees, brokerage charges and other applicable invoices

Responsible for monthly close out of FX P/L accounts to retained earnings

Book equity pickup for the broker dealer's subsidiary

Prepare monthly bank reconciliation for the entity's payroll account

Prepare and maintain proper supporting documentation for all journal entries processed

Review assigned balance sheet accounts for illogicals, booking reclass entries where needed

Prepare month end reconciliations including substantiation of assigned balance sheet accounts for monthly sign offs

Oversee the updating of procedures for all tasks and work on continuous process improvements

Accrue fees for regulatory assessments (SIPC, FINRA etc.)

Prepare month end reconciliations including substantiation of assigned balance sheet and income statement accounts for monthly sign offs

Assist with processing journal entries for the Wealth Management business

Maintain and monitor a checklist of all assigned tasks with due dates ensuring all tasks are covered on timely basis

Assist with updating procedures for all tasks and work on continuous process improvements

Ensure adherence to accounting requirements and firm policies

What you need to succeed? Must Have

Bachelor's Degree in accounting

Previous managerial experience

6+ years general accounting experience with fixed assets exposure

Excellent communication skills

Strong analytical / problem solving skills

Well organized with the ability to work and manage multiple tasks

Ability to develop and maintain relationships with teams across the firm including fixed asset support teams, finance, operations, technology, and head office teams

Strong excel skills and aptitude to learning new systems

Nice to Have

Knowledge PeopleSoft general ledger preferred

CPA

Managerial and communication skills

Job Skills Accounting, Auditing (Inactive), Detail-Oriented, Financial Accounting Systems, Financial Analysis and Reporting, Financial Recordkeeping, General Ledger Administration, Generally Accepted Accounting Principles (GAAP), Tax Management Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Office of the CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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