Director, FinancePenFinancial Credit Union • Welland, Ontario, Canada

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Director, Finance

PenFinancial Credit Union • Welland, Ontario, Canada

30+ days ago

Job type

Full-time

Job description

Leads the operations of the finance and accounting functions for the Credit Union by designing developing and / or administering all reports and systems necessary to maintain control of all accounting and audit functions. Completes or leads some treasury transactional operations including borrowing and foreign exchange transactions.

Differentiating Accountabilities :

Leadership responsibilities

Directly lead coach and support the members of the Finance team.
Proactively coaches to support the personal growth and development of direct reports including coaching and performance management career planning and develop a highly engaged diverse and capable team to execute departmental plans / strategies and build strong relationships with others / members.

External financial reporting

Requires demonstrated success in producing highly accurate reports in a time-sensitive environment.

Review and oversee timely and accurate monthly and annual reporting to FSRA including completion of EDC reports investments derivatives deposits and borrowings.

Responsible for completion of various federal government reporting requirements including but not limited to the annual HST returns.

Responsible for completion of input files for ALM reporting package to provider Picuz Solutions.

Supports the completion of the annual external audit as required including the preparation of notes to the audited Financial Statements.

Internal financial reporting

Responsible for completion of a wide variety of financial reports for the Board of Directors including but not limited to the capital risk report structural risk report liquidity risk report and investment report.

Responsible for design completion and distribution of the monthly internal financial reporting materials for cost center leaders such as retail branch managers. Requires experience summarizing and communicating complex financial information in a meaningful way.

Supports the completion of various internal audits as required.

Securitization

Reviews and oversee accurate monthly securitization reporting.

Leads the process of creating new securitized pools as required by compiling key data points and completing time sensitive document execution.

Accounting and payroll administration

Reviews monthly bank reconciliations as well as other reconciliations ensuring investigations are complete.

Reviews weekly accounts payable and employee expenses.

Reviews and approves journal vouchers.

Responds to requests to overrides for large or unusual transactions. Requires professional judgment and a strong understanding of Credit Union transactions and control environment.

Co-ordinates requests-for-proposals for various services used by the Credit Union including ensuring user needs are clearly communicated in the relevant documents serving as primary liaison with prospective vendors and guiding stakeholders through the evaluation of proposals and selection of provider. Requires the ability to communicate in writing and verbally with a wide variety of stakeholders.

Develops and implements changes to accounting procedures as needed.

Reviews bi-weekly payroll batches and approves changes.

Serves as back-up for payroll and accounts payable function.

Leads completion of the monthly IFRS 9 analysis and reporting.

Responsible for completing early term deposit redemption requests.

Cover CAFT change approvals when short staffed.

Review and approve wires when necessary.

Performs other accounting tasks as required.

Planning and budgeting

Leads annual operating budget creation process including liaising with budget developers across the organization and use of financial institution budgeting software. Requires the ability to quickly learn complex software and the application of professional judgement in evaluating the appropriateness of budgeting assumptions. Completing an annual budget and quarterly Net Interest Margin reviews.

Leads the Asset-Liability Committee (ALCO) meetings and completes monthly minutes.

Serves as a member of the Enterprise Risk Management Committee (ERMCO) and Credit Committee.

Assists in the 3-year forecast process for ICAAP and strategic planning.

Takes the lead on new accounting standards implementation and education.

Treasury transactional

Monitors daily current account balances and will borrow against or paydown the line of credit as needed.

Approves counterparty foreign exchange transactions to ensure foreign exchange exposure remains within management limits.

Perform other assigned responsibilities.

Qualifications :

University degree or equivalent experience in a business / finance environment

Chartered Professional Accountant (CPA Designation)

10 years of accounting experience in a leadership role

Salary will be determined based on skills experience education and other qualifications relevant to this position

Additional Information :

To learn more visit we welcome all applications only those who are selected for an interview will be contacted.

Accessibility accommodations will be made for job candidates upon request.

Remote Work : No

Employment Type : Full-time

Key Skills

Accounting Software,Forecasting,Ellucian,Financial Report Writing,GAAP,Accounting,Corporate Finance,Financial Analysis,Financial Modeling,Budgeting,Financial Management,Financial Planning

Experience : years

Vacancy : 1

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Director Finance • Welland, Ontario, Canada

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