Senior Financial Control and Reporting Analyst
FINANCIAL CONTROL AND REPORTING ANALYST SENIOR
WHAT IS THE OPPORTUNITY?
As a member of the Controller's department, the Senior Financial Control & Reporting Analyst is responsible for the monthly, quarterly and year-end internal financial reporting of City National Bank ("CNB") results. The role is integral in the integration of CNB with RBC parent company teams, including collaborating with key CNB Finance and RBC Finance and other functional leaders for items related to CNB's results. This role also supports initiatives related to process improvements, report automation, policies and procedures documentation and other special projects when needed.
Finance Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Finance team. This group records, analyzes, reports and optimizes to maintain the bank's financial health, while following principles and legislation to ensure we're doing what's right.
WHAT WILL YOU DO?
- Lead the reporting process around the monthly Flash financial statement package that is circulated to senior management. Prepare the Flash financial reports and analytical write-up that accompanies the financial statement package. Ensure financials are accurately presented and distributed timely.
- Lead interaction between CNB with RBC Wealth Management and head office teams (Head Office Performance Management, Investor Relations, External Reporting, Financial and regulatory reporting, etc), including monthly and quarterly financial and management reporting, NIAT estimate process, contributing to external disclosures and other ad hoc analysis as it pertains to actual results.
- Participate in monthly, quarterly and year-end deliverables including GL closing process and general ledger activities.
- Act as a key contact for internal and external inquiries related to CNB financial results and related management reports.
- Monitor and review the financial results of CNB/RBC Consolidation adjustments unit (PAA), which includes all IFRS and purchase accounting impacts, as well as RBC functional and T&O allocations to CNB. Prepare forecast, plan and 5 year outlook for PAA.
- Continuously look for efficiencies and synergies in the CNB and RBC reporting workflow by building partnerships with stakeholders across the organization.
- Assist in the maintenance of CNB general ledger mapping to RBC general ledger and CNB PeopleSoft reporting trees.
- Support various accounting and reporting analyses and technical accounting research when needed. Maintain technical understanding of US GAAP and IFRS accounting standards.
- Assist in annual (or as needed) impairment assessment of goodwill and intangibles.
- Support the automation of CNB internal reporting, implementation of new technology systems, and seek to "Simplify and Transform" the reporting and analytical processes.
- Assist in developing, documenting and maintaining policies and procedures related to the functions handled by the Controller's group.
- Collaborate with the Finance Division colleagues to implement process changes.
- Assist with special projects, including initiatives from Royal Bank of Canada ("RBC"), as requested.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Bachelor's Degree
- Minimum 5 years of accounting or reporting experience
- Background in the Banking or Financial Services industry
- Working towards completing required coursework to sit for the CPA exam
Skills and Knowledge
- Certified Public Accountant ("CPA") preferred
- Excellent verbal and written communication skills, as well as confidence to "speak up" with poise to deal with challenging situations
- Advanced Degree in Business, Finance, or Accounting preferred
- Strong knowledge of US GAAP accounting standards, including those relating to banking and financial services industry
- Ability to work independently and manage numerous priorities simultaneously
- Ability to execute thoughtful analysis and acting with a sense of urgency and purpose when facing challenges
- Strong project management skills
- Ability to interact effectively with all levels of colleagues, both within the Finance Division and throughout the bank
- Advanced experience in Microsoft Office (e.g., Excel, Access, Word, PowerPoint) and financial modeling
- Self-motivated with strong attention to detail and excellent work ethic
- Commitment to and evidenced pursuit of continuing education related to the role
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.
#LI-CK1
#ca-ck
#gd-ck
