Sr. Director, Borrowing Solutions and Insurance Finance

CIBC•Toronto, ON

12d•Hybrid

About The Position

The Sr. Director, Borrowing Solutions and Insurance Finance is responsible for ensuring all RESL, Unsecured Lending, Auto Lending and Insurance financial reporting, forecasting, and analysis requirements for both PBB CFO Finance and Borrowing Solutions and Insurance management teams are met. This includes regular weekly/monthly/ quarterly/ annual reporting as well as handling ad hoc requests from both groups. In addition to ensuring all financial packages are delivered on a timely and accurate basis, the Sr. Director will provide proactive analysis, recommendations, insight and context in support of decision making by leadership, along with continuously seeking to improve existing processes and working collaboratively with the Business and various teams across Finance.

Requirements

Advanced knowledge of planning, costing and/or analytical procedures and techniques.
Extensive knowledge and understanding of accounting/reporting systems (EBI, Essbase), and the ability to identify, extract, and use the information to the user’s advantage.
Knowledge of regulatory issues or complex accounting/reporting systems.
Degree in accounting, finance, or related field.
CPA designation.
Caring and accountable leader.
Passionate about developing and coaching to bring out the best in people.
Experience leading diverse, high performing teams.
Ability to give meaning to data.
Enjoy investigating complex problems and making sense of information.
Ability to communicate detailed information in a meaningful way.
Values matter to you.
Bring your real self to work and live our values – trust, teamwork and accountability.
Legally eligible to work at the location(s) specified.
Where applicable, must have a valid work or study permit.

Nice To Haves

Knowledge of mortgages and lending operations.
Knowledge of transfer pricing theory.

Responsibilities

Evaluate business unit performance through detailed analysis and interpretation of financial results and key business metrics.
Work closely with the Accounting Policy and Controllership to interpret and assess the impact of management accounting policies on business results.
Presenting and communicating effectively to executive stakeholders on the forward view of financial drivers to Borrowing Solutions and Insurance businesses.
Ensure reporting requirements for PBB CFO Finance are met each month and appropriate level of review with the Business is conducted.
Direct, coordinate and communicate the impacts from ALCO product pricing assumptions.
Direct, coordinate and oversee the preparation of the annual and strategic plan and quarterly latest estimates for Borrowing Solutions and Insurance.
Understand and articulate the drivers for the businesses, ensuring consistent market and business assumptions across product categories.
Present plan/forecasts to executive stakeholders, highlighting the key drivers for revenue/expenses, assumptions, as well as the identification of material risks and opportunities.
Provide approval recommendations for business cases, new product/campaign launches and new business initiatives following appropriate financial review and due diligence with appropriate business stakeholders.
Give trusted advice to product owners on the short and long term impacts of significant special projects/strategic partnerships.
Provide accurate in-depth reporting/analysis (monthly, quarterly/annual) on sales, distribution, market productivity and market share to senior management.
Identify opportunities to improve existing reporting and forecasting processes and work with key players to implement changes.
Coordinate with partners in other areas of CIBC Finance to optimize linkages and service levels.
Build understanding and acceptance of allocated costs in the recipient community by working with and providing appropriate reporting to finance and business partners.
Set appropriate context when assigning work to ensure that individuals’ roles support the achievement of the business unit’s priorities and CIBC’s overall goals.
Build team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training.
Manage performance by providing fair and accurate formal and informal feedback, identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities.
Create a positive work environment and being an effective role model by championing CIBC’s mission, vision and values.
Ensure compliance with policies, standards, guidelines and controls by applying the policies and controls fairly and consistently so employees understand what to expect.
Hire the right people in the right jobs to align individual capabilities with job requirements and business unit goals.

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