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
BUSINESS UNIT DESCRIPTION
The Finance group provides financial services to CIBC’s business through effective governance and decision support processes. These services include financial management and regulatory reporting, maintenance of accounting records and internal controls, financial analysis and planning, tax planning and compliance, treasury, global sourcing and payment processing, regular reviews of business line performance, asset record maintenance, liaison with external authorities on financial reporting matters. In addition, Finance assists Corporate Development in providing financial advice regarding CIBC’s business opportunities and transactions.
LINE OF BUSINESS DESCRIPTION
Finance Shared Services, Australia is a one stop shop providing the full suite of Finance services to the Australia office which currently comprises of a local subsidiary group and a branch. The team performs Financial regulatory, management and statutory reporting, accounts payables and expense accounting and taxation. The team provides value by helping clients and partners to make effective decisions, compliance with regulatory and statutory requirements, processing of vendors invoices and expenses, participation and support of global and regional projects/initiatives.
KEY ACCOUNTABILITIES
Management Reporting
- Daily Profit and Loss validation of source system against actual customer trades and report to Business and Head Office. Circulation of the Daily CB and FLM P&L to the stakeholders.
- Support and ensure the completion and accuracy of month end close including balance sheet account reconciliations and month end journal postings ;
- Assist in preparation of monthly Management Accounts and Financial Accounts;
- Prepare monthly, quarterly and yearly Head Office reporting such as tax schedules, PnL/DFE true up reporting, Supplementary Information Reporting for securities and Lease Commitments as required.
Regulatory Reporting
- Assist with the preparation of Year End Accounts and Financial Statements for local subsidiaries;
- Assist in preparing tax related working papers, Country by Country (CbC) reporting liaise with the tax agent on queries and issues;
- Assist in the preparation of GST (BAS) returns and Income Activity Statement (IAS) returns to tax office.
- Assist with year-end external audit and respond to auditors queries;
- Maintain Tax Fixed Asset Register and reconciliation of Tax vs Accounting at year end;
Transaction Processing
- Perform Accounts Payable and Accounts Receivable functions; Reconciliations;
- Ensure the accuracy and compliance of accounting policies and processes including preparation of journal entries on a daily and monthly basis.
- Liaison with Business and Operations to ensure proper processing of Wall Street and ACBS transactions including fees processing;
SKILLS/KNOWLEDGE/EXPERIENCE REQUIRED
- At least 1-2 years of relevant accounting experience
- Good interpersonal & communications skills
- Good understanding of basic accounting concepts and billing/payment processes
- Good PC skills, including Excel, Word.
What you need to know
- 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]
- 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
Job Location
1 Macquarie Place,Suite4501Employment Type
RegularWeekly Hours
38Skills
Accounting, Analytical Thinking, Balance Sheets, Financial Analysis, Fixed Assets, General Ledger (GL), Internal Controls, Management Reporting, Profit and Loss (P&L) Management, ReconciliationsSimilar Jobs
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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
