Financial Accounting Analyst

We are seeking a Financial Accounting Analyst to join our dynamic and collaborative Finance team. This role will bridge our core accounting functions and assist with management reporting & analysis. This role will report to the Controller of the Bank and will play an active role in the general accounting operations of the Bank.

Responsibilities will include: the review and production of financial management reporting; developing the branch’s yearly financial budgeting and forecasting process, and working on ad-hoc analyses using financial models to prepare reports and review data and trends to identify meaningful activities and issues.

• Create, maintain and update branch management reporting including:
• Monthly expense reports (branch and department level)
• Relationship Profitability reports (officer, customer, department, business line)
• Head Office reports (MIS and other)
• Assist with the budgeting and forecasting process for the branch:
• Work with division executives to collect forecasting assumptions
• Compile all data in a clear and organized way
• Forecast all aspects of the business (balances, expenses, revenue, etc.) and document business assumptions around future budgeting and forecasting.
• Research, identify and provide input to the design of key business intelligence and reporting metrics.
• Delivery of timely and high quality ad-hoc reporting as required by management. Manage and complete special projects as assigned.
• Preparation of the monthly hedge accounting reporting, amortization of premiums / discounts and accounting for the termination of hedge relationships.
• Identify operational procedures which can be improved and assist in development of new and improved reports. Update policies and procedures as needed.

• Solid understanding of Accounting principles and concepts
• Understanding of banking products (bonds, loans, swaps, etc.)
• Ability to analyze profit & loss and balance sheet statements.
• Prior organizational, product or customer profitability experience
• Departmental cost allocations
• Commercial Banking e.g. its functions, purpose
• Banking practices and procedures, accounting principles, regulatory laws.

• Strong Attention to Detail
• Microsoft Office Products (High proficiency in Excel, macros and other business intelligence reporting)
• Used a treasury system
• High analytical skills and use of analytic tools. Experience in data analysis and problem solving.
• Adept at multi-tasking with great attention to detail
• Prepare clear, concise, and comprehensive financial, statistical, and narrative reports.
• Use, understand, assess needs and implement complex automated financial information systems.
• Perform a variety of mathematical and statistical calculations quickly and accurately.
• Analytical skills to support program specification requirements for downloading and importing of data.

Experience Required/Preferred
: 3-5 years of work experience in financial analysis and modeling. A plus if have focus in securities and derivatives and hedge accounting

Education Required/Preferred
:
Bachelors’ degree (Finance / Economics preferred)