Director, Accounting & Consolidation

Reposted 12 Days Ago
Be an Early Applicant
Toronto, ON, CAN
Hybrid
Senior level
Fintech • Payments • Financial Services
The Role
The Director of Accounting & Consolidation manages financial control functions, leads financial statement preparation, and oversees teams, ensuring timely and accurate reporting.
Summary Generated by Built In

Join a Challenger
At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. 
We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.
What's kept us moving?  The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.
If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. 
We can’t wait to get to know you! 


The Work 
 
The Director, Accounting & Consolidation plays a critical role within the Bank’s Accounting and Finance Department and is responsible for the effective and efficient management of core financial control functions, including technical accounting and accounting policy (including providing accounting guidance and preparing technical accounting memos/position papers where required), consolidation, month-end and quarter-end close, and financial statement preparation. This position requires strong people leadership, sound judgment, and excellent communication and organizational skills to lead a team of accounting professionals and partner effectively across the Bank.

The Core Responsibilities:

  • Provides accounting advisory support and guidance to business unit inquiries (including new product and service launches), and prepares technical accounting memos/position papers to document conclusions where required
  • Leads the month-end and quarter-end financial statement close and Group consolidation process, including coordinating close activities across the Bank’s subsidiaries (e.g., Concentra Bank, Bennington Financial Services (BFS), and other wholly owned subsidiaries)
  • Owns the integrity, accuracy, and timeliness of financial reporting for the Bank and its subsidiaries, including the preparation and review of external financial statements and related disclosures
  • Partners with the Middle Office team on derivatives and hedge accounting, including identifying natural hedge relationships, supporting hedge designation/documentation, and advising on hedge accounting strategies to minimize fair value mismatches
  • Leads finance projects as assigned, which may include complex areas such as portfolio purchase and sale transactions, intercompany agreements, etc.
  • Manages a team of accounting professionals by providing overall business context, guidance, and coaching
  • Manages the Bank’s external auditor relationship, including coordinating the annual audit and quarterly reviews, overseeing PBC requests and issue resolution, and supporting specified procedures and prospectus-related filings as required

Let's Talk About You!

    • Completion of a recognized CPA accounting designation
    • Strong technical accounting knowledge (IFRS), with the ability to provide accounting guidance to stakeholders and draft clear accounting memos/position papers to support conclusions
    • 7–10 years of progressively responsible experience in accounting and financial reporting, including consolidation and financial statement close processes, preferably within financial services
    • Strong knowledge of derivative accounting and hedge accounting, including documentation, effectiveness assessment, and financial statement presentation, and proven ability to partner with Middle Office and other stakeholders
    • Strong systems and analytical skills, including advanced Excel and experience with ERP and/or consolidation/reporting tools
    • Proven success as an Accounting/Finance leader in a director or similar role, preferably in financial services
    • Strong organizational skills to be able to set priorities, develop work schedules and timelines, and monitor and track progress
    • Excellent written and verbal communication skills, including the ability to present complex accounting matters clearly to senior stakeholders

What we offer [For full-time permanent roles]
 
💰 Competitive discretionary bonus 
✨ Market leading RRSP match program
🩺  Medical, dental, vision, life, and disability benefits
📝  Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy and personal days 
🖥  Virtual events to connect with your fellow colleagues
🎓  Professional development and comprehensive Career Development program
💛  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
 
The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.


Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration. 
To learn more, visit eqb.investorroom.com and eqbank.ca.

Skills Required

  • Completion of a recognized CPA accounting designation
  • Strong technical accounting knowledge (IFRS)
  • 7-10 years of progressively responsible experience in accounting
  • Strong knowledge of derivative accounting and hedge accounting
  • Strong systems and analytical skills, including advanced Excel
  • Proven success as a Finance leader in a director or similar role
  • Strong organizational skills to set priorities and monitor progress
  • Excellent written and verbal communication skills
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The Company
Toronto, Ontario
1,529 Employees
Year Founded: 1970

What We Do

MakeBank on everyday banking: Earn high interest on every dollar Say no to fees No minimum balances Powered by Equitable Bank, a Schedule I Canadian Bank EQB Inc. (formerly Equitable Group Inc.) trades on the Toronto Stock Exchange (TSX: EQB and EQB.PR.C), directly serves over 607,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™, and serves over 200 Canadian credit unions that serve over 6 million of their members with products and services. Equitable Bank has grown to become Canada's 7th largest independent Schedule I bank with over a $119 billion in assets under management and assets under administration, and a clear mandate to drive real change in Canadian banking to enrich people's lives. At Equitable Bank, we are as invested in our employees as we are in our business. That’s why we are consistently recognized as one of Canada's Top Employers – a rating that comes from our 1,800 employees. Equitable Bank’s inclusive, welcoming, and pride-inducing workplace earned it the honour of being recognized as one of the top 50 organizations on the 2023 list of Canada’s Best Workplaces™. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking, and through its EQ Bank platform (eqbank.ca), which has been named #1 Bank in Canada for three consecutive years on the Forbes World's Best Banks list for 2021, 2022, and 2023. Equitable Bank website: www.equitablebank.ca EQ Bank website: www.eqbank.ca Specialties Lending, Mortgages, Residential Lending, Commercial Lending, Reverse mortgages, Insurance lending, Equipment leasing , Credit Union, Trust, and Funds Management

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