Associate Director - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Summary

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:

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