Senior Financial Analyst, Consolidation
About The Position
The Finance and Enterprise Strategy Group provides financial services across CIBC, enabling decision-making, future planning, and effective management of the bank’s balance sheet and business operations. As part of this group, the Finance Controllership team produces accurate, complete, and timely accounting records to support statutory, regulatory, and management reporting. As a Senior Financial Analyst, Consolidation, you'll contribute to CIBC’s consolidated financial accounting close cycle and statutory reporting process. This role focuses on accounting and reporting activities for non-trading foreign currency exposures and related hedging strategies. You’ll leverage your advanced technical accounting knowledge to analyze financial results, prepare consolidation accounting adjustments, resolve intercompany transaction breaks, and validate foreign exchange revaluations. You’ll collaborate across teams to ensure the integrity of financial records and actively contribute to continuous improvement initiatives within the department. At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview
Requirements
- At least 4 years of relevant hands-on financial accounting experience.
- Advanced knowledge of foreign exchange accounting and intercompany eliminations within a complex organizational structure operating in multiple currencies.
- Advanced technical accounting expertise, ensuring accurate consolidation and reporting of domestic and international operations.
- Direct responsibility for month-end close, balance sheet continuity schedules, and financial analysis.
- Degree in accounting, finance, or a related field.
- CPA designation (or actively working toward accreditation).
- Proficient in data analysis and general ledger systems.
- Highly skilled with Microsoft Excel, demonstrating advanced proficiency with complex formulas and pivot tables.
- Proficient with data management tools such as Power Query to analyze large, complex datasets.
- Take ownership, show initiative, and collaborate effectively.
- Consistently go above and beyond, working independently to deliver results, adapting to change, and partnering with colleagues across functions to achieve shared goals.
- Bring your real self to work, and live CIBC values - trust, teamwork, and accountability.
Nice To Haves
- Statutory reporting experience is considered an asset.
- Familiarity with SAP General Ledger is considered an asset.
Responsibilities
- Contribute to CIBC’s consolidated financial accounting close cycle and statutory reporting process.
- Focus on accounting and reporting activities for non-trading foreign currency exposures and related hedging strategies.
- Analyze financial results.
- Prepare consolidation accounting adjustments.
- Resolve intercompany transaction breaks.
- Validate foreign exchange revaluations.
- Collaborate across teams to ensure the integrity of financial records.
- Actively contribute to continuous improvement initiatives within the department.
Benefits
- Competitive salary
- Incentive pay
- Banking benefits
- Benefits program
- Defined benefit pension plan
- Employee share purchase plan
- Vacation offering
- Wellbeing support
- MomentMakers, our social, points-based recognition program
- Purpose Day; a paid day off dedicated for you to use to invest in your growth and development
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
