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Manager, reconciliation

Manager, reconciliation

Laurentian BankMontreal, Quebec, Canada
13 days ago
Job type
  • Full-time
Job description

Seeing beyond numbers™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

The incumbent will be responsible for managing the team in charge of financial reconciliation. He / she will be responsible for standardizing the processes under his / her responsibility, and for developing the expertise of the team's resources. He / she will also be responsible for optimizing current processes to increase efficiency and performance, and for coordinating change management in assigned initiatives.

Responsibilities

  • Monitor and ensure complete control of the reconciliation processes (daily, monthly, quarterly and annual) for the accounts under its management.
  • Take charge of and monitor the application of reconciliation standards by his team (process, control, investigation and analysis).
  • Review and approve daily reconciliations, end-of-day reports and journal entries under his / her responsibility.
  • Responsible for discrepancies identified by his / her team and implement action plans and controls to correct situations.
  • Communicate and collaborate with various teams within operations and other internal or external partners to answer questions and reconciliation inquiries.
  • Influence stakeholders on reconciliation projects and working groups to demonstrate the impact of the Bank's activities.
  • Responsible for current and future mapping and documentation of processes under his / her responsibility.
  • Handle requests from the internal and / or external audit department for processes and accounts under his / her management within the required deadlines.
  • Review and transmit required reports to various stakeholders (e.g. finance or any other department) within established deadlines.
  • Execute any other related projects and / or requests, as requested by his / her manager.

Management

  • Accompany, coach and train his / her team with the aim of empowering resources.
  • Responsible for the HR aspects of his team (recruitment, objectives, salary review, mid-year review, etc.).
  • Organize regular one-on-one and team meetings with direct reports and implement best practices in hybrid work to develop a sense of belonging and mobilization.

    • Qualifications

  • Bachelor's degree in accounting, business administration or related field (CPA designation an asset).
  • 5 to 7 years' professional experience in the banking sector, including at least 1 to 3 years' experience in a management position.
  • Excellent oral and written communication skills in French and English
  • with the ability to summarize results concisely and clearly and to communicate effectively with the team.
  • Knowledge of regulatory requirements and reporting as well as any other banking products (e.g. Visa, digital banking, deposits, mortgages, etc.) is an asset.
  • Autonomy, initiative, leadership and ability to influence stakeholders to “challenge” the status quo and implement improvements and new solutions;
  • Demonstrate strong analytical skills, ability to analyze situations, diagnose problems and develop proactive solutions.
  • Excellent organizational skills and ability to manage priorities in a changing environment;
  • Flexibility in the face of work reorganization and adaptability in the face of emerging risks;
  • Familiarity with the use of large, complex financial database systems; ability to learn query functions in back-office processing systems such as SIBL, AS400, T24 and CPS are assets.
  • Proficiency in the following software : Excel, Visio, PowerPoint, Word, Teams;

    • Work model : Hybrid, with periodic in-office workdays at the Bank's head office.

  • Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages

    • What Laurentian Bank has to offer you

    The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

    Here are some of the key points of our offering :

  • The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
  • Total compensation : Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
  • Work model : We prioritize a hybrid work model based on business needs.
  • Stock purchase plan : Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
  • Time off : In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
  • Health and wellness : Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
  • Group insurance and pension : We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
  • Financial benefits : As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

    • We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

    Inclusion and Accessibility

    At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

    We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

    PIPEDA

    We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.