Sr Manager - Accounting

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

What you'll be doing

The Senior Manager, Accounting reports to the U.S. Region Assistant Controller and will be a leading contributor and serve as a key point of contact to the U.S. accounting operations. As part of the U.S. Finance team this position will be responsible for accounting, reporting, internal controls and other various areas in the U.S. region. The primary accountability is to ensure the integrity of accounting information specific to various CIBC accounting functions.

At CIBC, we are committed to providing a work environment where you can thrive. This role offers a flexible hybrid work arrangement, with three days per week onsite and the remainder remote, empowering you to achieve your best work-life balance.

How you'll succeed

• Responsible for accounting activities for the life-cycle of share-based compensation and incentive compensation:

  • Prepare share-based compensation journal entries by compiling/reviewing various reports and analyzing account and transactional information

  • Expense recognition in accordance with plan terms and relevant accounting standards

  • Oversight for incentive compensation-related accounting for the US CIBC Group of Companies. 

  • Compliance with intercompany equity award agreements in place with US participating entities

  • Preparation of billing and settlement statements with affiliates for cash-settled share-based compensation transactions

• Responsible for various analytical assessments of highly complex transactional activities culminating in a determination of appropriate accounting entries.

• Complete quality assurance in the form of reconciliation review, continuity schedules, trend analysis, research issues, identify and recommend resolution and provide qualitative commentary for management reporting.

• Production of US budgeting/forecasting under US GAAP and supplemental schedules for IFRS

• Review applicable schedules to support periodic statutory and regulatory financial disclosures and footnotes to the audited financial statements.

• Serve as internal US GAAP subject matter expert

• Interact with SOX team, internal and external auditors for quarterly reviews, year-end audits, as well as ensuring that internal controls are in place and procedures are followed to satisfy periodic review of compliance with effective internal controls.

• Ensure all tasks are completed in accordance with all internal controls, policy, and procedures.

• Identify dataflow and procedural opportunities to optimize key accountabilities and controls by leveraging technology solutions such as Alteryx and Tableau.

• Foster cross-functional relationships with US Human Resources, Accounting Operations, Tax, Accounting Policy and counterpart colleagues in Toronto to ensure accounting over share-based compensation and incentive compensation is comprehensive and GAAP compliant.

• Manage multiple tasks and projects as assigned by senior management.

• Manage 1 direct report.

Who you are

• You have a Bachelor degree in Accounting or Finance. A CPA is required.

• You possess strong US GAAP accounting knowledge and experience; familiarity with US GAAP ASC 718  and IFRS 2. 

• You have 5+ years progressive accounting experience; strong exposure and understanding of consolidation and financial statement reporting; experience in a multi-national organization a plus.

• You exhibit strong analytical skills and technical experience of storage and movement of data with  ability to extract data from accounting systems and apply information appropriately 

• You have excellent organizational skills with ability to prioritize multiple simultaneous projects

• You show flexibility and creativity to adapt to changing priorities.

• You possess superior communication skills to promote interactions and co-operation with stakeholders across the enterprise.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $115,000 - $155,000K for the Chicago, IL market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.

This position does not offer visa sponsorship.

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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.

• 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.

• 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.

• 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

• 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.

• 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 Advisory, Accounting Processes, Accounting Standards, Business Processes, Deliverables Management, Employee Relationships, Financial Modeling, Leadership, Long Term Planning, Management Reporting