Intermediate Financial Analyst supporting The Banking Enterprise Real Estate & Workplace Transformation -74658

Position Title : Financial Analyst

Line of Business : Enterprise Real Estate & Workplace Transformation (ERE)

Duration : 6 month

Remote / Hybrid : Hybrid - in office on Mondays and Tuesdays and 1 Friday per month

Office Location : 81 Bay 26th Floor

The Enterprise Real Estate & Workplace Transformation (ERE) is responsible for a forward-thinking global workplace experience across our enterprise portfolio, including the purposeful design of our new global headquarters, to enable us to attract and retain the best people, further evolve our culture and put our clients at the center of all that we do.

Procurement mandate is to ensure best-in-class delivery for enterprise initiatives, elevate the maturity of delivery practices across our bank, and provide strategic leadership in procurement to optimize benefits for stakeholders.

Who Will the Candidate Be Working with on a Daily Basis?

• The incumbent will work closely with Transaction and Relationship Managers and Finance Support staff within CIBC and external service providers for the purpose of obtaining or exchanging information related to real estate and reviewing financial information
• This job interacts on a regular basis with staff in Asset Management and Finance Governance to complete activities related to project accounting

Responsibilities :

The Financial Analyst is responsible to ensure the integrity of financial results, provide consolidated reporting, analyze and interpret information and identify financial risks and opportunities related to real estate premises expenses.

In order to complete activities, the incumbent must foster strong working relationships with internal real estate management teams and external real estate service providers as well as other business management teams within The Bank

KEY ACCOUNTABILITIES

1. Planning, Analysis & Consolidated Reporting

• Complete real estate accounting and reporting activities, within defined timelines
• Lead the preparation of regular and adhoc reports of financial and non-financial information including the preparation of executive-level presentations
• Develop and maintain models to forecast real estate expenses
• Determine month-end journal entries, including capital and expense accruals and adjustments, reconcile accounts on a monthly basis
• Support managers with technical accounting information including the application of accounting policies
• Prepare consolidated reports of financials and update The Bank's reporting systems
• Assist in the development of the annual occupancy plan

2. Financial Analysis

• Complete trend, performance and variance analysis; reviewing financial information to ensure risks are identified and underlying causes of variances are understood
• Provide financial impacts of various scenarios and what if situations; develop specialized reporting and performs ad-hoc analysis
• Consolidate and review occupancy spending on a monthly basis, identify potential issues and escalate as appropriate
• Work in conjunction with the real estate outsourced service provider to quantify risk of over or underspending

3. Controls & Process Improvements

• Perform operational & SOX controls including completing reconciliations to support attestations of balance sheet and expense accounts
• Understand the end-to-end processes & control structure that impacts reporting
• Develop and implement process improvements to improve efficiency
• Ensure compliance with established policies, procedures and standards
• Maintain detailed and accurate files for audit support and in accordance with Records Management policies
• Assist in testing of controls as required
• Document processes and procedures as required

4. Corporate

• Invoicing legal entities for their monthly rent and project costs
• A / R Collections ensuring that Legal Entities’ pay their invoices on a timely basis
• Funding Requests - ensure that amounts tie to the AP report with appropriate backup and appropriate signatures and ensuring that the payments are wired on a timely manner

Must Have Requirement :

• Knowledge of GAAP and internal accounting policies (Does not have to be applied)
• 3 to 5 years of accounting experience in a medium to large financial services institution. Ideally within real estate.
• Strong computer skills; proficient with Excel, MS Word, and Powerpoint
• Undergraduate degree in business or a technical discipline

Nice to Have :

• Real estate experience within FI
• Accounting designation preferred (CMA / CGA / CA)
• Alteryx or Tableau experience
Il y a 29 jours