We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
JOB DESCRIPTION
The Accountant III is a dual accounting and tax role. This position will report to the U.S. Region Senior Manager Credit Control as well as U.S. Tax Director and will be a leading contributor and serve as key point of contact to Equipment Finance business. As part of the U.S. Finance team this position will be responsible for accounting, tax, reporting, and internal controls with respect to the Equipment Finance business.
RESPONSIBILITIES
- Review loan vs lease classification for any new deal
- Review operating vs financing lease for all new leases
- Perform control function of ensuring lease/loan schedule reviewed by Finance are properly set up in Aspire
- Perform journal entries for cash movements that impact EF customers, funding to the EF entity, finding new leases/loans
- Perform monthly EF GL reconciliations and verification of syndication revenues
- Perform SOX control functions for controls that reside within Finance for EF
- Determine tax life for assets; MACRS rates for tax depreciation
- Determine bonus depreciation eligibility by state
- Prepare federal and state income tax returns
- Determine onstream / upfront SUT
- Review SUT returns and coordinate payment
- Review PPT filings and coordinate payment
QUALIFICATIONS
- Bachelor’s degree in Finance or Accounting
- 3-5 year business related experience
- Equipment Finance experience a plus.
- Working knowledge of US GAAP, particularly related to lease accounting
- Prior tax experience a plus
- Ability to develop and maintain close working relationships with internal stakeholders
- Excellent oral and written communication skills
- Strong organizational skills, including ability to prioritize multiple simultaneous tasks
- Attention to detail while demonstrating the ability to think critically and see the big picture
At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:
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Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
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Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
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Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training
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Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.
California residents — your privacy rights regarding your actual or prospective employment
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
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We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
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Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
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We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
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CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]
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You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
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We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
IL-120 S LaSalle St, 5th Fl
Employment Type
Regular
Weekly Hours
40
Skills
Accounting Policies, Accounting Processes, Analytical Thinking, Client Counseling, Communication, Financial Reporting and Analysis, Management Reporting, Process Improvements, Reconciliations
What We Do
CIBC is here to help all our clients reach their goals.
We know the importance of reliable financial products and services, and we’re dedicated to providing them in a way that lets you bank however you want, whenever you want.
With innovative tools designed around your priorities and a team fully focused on your success, you’ll get the insights you need to get even closer to achieving your goals.
This culture of innovation and shared values of trust, teamwork and accountability are why we’ve been named a top employer in Canada. They’re also why a career at CIBC is more than a job—it’s an opportunity to grow and work alongside some of the brightest in Canada.
La Banque CIBC est là pour aider tous nos clients à atteindre leurs objectifs.
Nous connaissons l'importance de produits et services financiers fiables, et nous nous engageons à les fournir d'une manière qui vous permette d'effectuer vos opérations bancaires comme vous le souhaitez, quand vous le souhaitez.
Avec des outils innovants conçus autour de vos priorités et une équipe entièrement centrée sur votre réussite, vous obtiendrez les informations dont vous avez besoin pour vous rapprocher encore plus de vos objectifs.
Cette culture de l'innovation et les valeurs partagées de confiance, de travail d'équipe et de responsabilité sont la raison pour laquelle nous avons été nommés l'un des meilleurs employeurs au Canada. C'est aussi pourquoi une carrière à la Banque CIBC est plus qu'un emploi : c'est une occasion de grandir et de travailler aux côtés de certaines des personnes plus brillantes au Canada
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