Senior Finance Analyst
Job Description

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Senior Financial Analyst

On behalf of our client in the Banking Sector, PROCOM is looking for a Senior Financial Analyst.

Senior Financial Analyst- Job Description

  • Develop expertise in accounting policy requirements of Derivatives portfolios globally.
  • Develop expertise in trading and accounting systems and processes to execute and implement policy requirements.
  • Identify accounting issues and provide recommendations for resolution on a timely basis.
  • Ensure completeness, accuracy, timeliness of financial accounting and management information.
  • Strive for continuous process improvement opportunities to create capacity while maintaining effective process controls.
  • Perform month end reconciliation from source system to General Ledger and review final trial balance to ensure financial information is both complete and accurate.
  • Perform reconciliation of intercompany and interdesk transactions, manual reclass and workaround due to system limitations.
  • Efficient and effective management, and account reconciliation in accordance with policy.
  • Assist in implementation and testing of Source systems
  • Assist in implementation of new initiatives requirement into operation
  • Able to investigate issues and communicate resolution to senior management
  • Assist in setting up the infrastructure necessary to capture the financial information for accounting.
  • Develop sound working relationships inside and outside the group
  • Updating policies and procedures relating to operations
  • Provide accounting information to users on a timely basis
  • Provide financial and accounting analysis relating to operational support as assigned.
  • Understand business partner, department objectives and contribute to the achievement of financial objectives by recommending appropriate action to management based on analysis and review of results within scope of own area.
  • Analysis variances and explain findings to Regional Finance and management.
  • Coordinate and execute internal and external audits and reporting processes as directed and prepare related presentations on behalf of operational unit.
  • Provide accurate and thorough data analysis for own area, interpret findings and make recommendations, and identify and refer complex issues beyond own level of expertise.
  • Assist in the development and implementation of new financial models, methodologies, frameworks and paradigms to support on-going financial reporting and analysis functions.

Operations:

  • Contribute to the strategic direction of the Finance function by keeping current on emerging issues, industry trends and relevant accounting changes to support own unit or function.
  • Ensure efficient and accurate finance operational processes in place that meet all business partner needs and established guidelines as applicable.
  • Be knowledgeable of best practices for own area.
  • Adhere to internal policies, procedures and applicable regulatory guidelines and contribute to the review of internal processes and activities and assist in identifying potential opportunities to improve operational efficiencies
  • Assist in the development of systems and processes supporting daily operations, which may include production of reports, general ledger items, balance sheet attribution, etc.
  • Contribute to the development and delivery of operational projects or special initiatives for own area and monitor or track key items.
  • Follow up on outstanding processing entries, reconciliation items or other tracking issues to ensure proper resolution and to minimize errors.
  • Contribute to process mapping activities including designing process improvements, issue resolution, special projects and production of relevant reports.
  • Maintain escalation procedures for own area.

Customer:

  • Conduct regular, ongoing analysis, evaluation and review of business performance and initiatives against established reference points as directed.
  • Provide advice and guidance to Finance Management and business partners on a range of finance accounting and operational processes.
  • Coordinate and consolidate financial information needs / requests among various parties (e.g. business Finance Teams, other stakeholders, external parties / regulators / auditors and /or other Operational units.
  • Develop and maintain solid and effective working relationships with Business Unit management, Finance partners and other stakeholders by providing value added analysis, guidance and/or operational finance support.

Senior Financial Analyst- Mandatory Skills

  • 5-7+ yrs Finance Analyst experience working with Complex Derivative Transactions
  • Experience with Equity/Interest Rate Derivatives
  • Experience developing accounting policy requirements of Derivatives portfolios globally
  • Experience with the Banks General Ledger & Reporting Structure
  • Expert Excel/Access (Macros, pivot tables, V-look ups)
  • Accounting designation (CA, CPA)
  • Clear & concise communication skills  

Senior Financial Analyst- Nice to Have Skills

  • Knowledge of financial instruments (i.e. AFS securities, deferred assets, amortized cost, fair value, the way to treat different assets - trading vs. non trading)
  • Knowledge of FRS and Peoplesoft
  • Experience from finance industry

Senior Financial Analyst- Assignment Start Date

ASAP – 12 months to start

Senior Financial Analyst- Assignment Location

Downtown Toronto



Job Requirements

 

Company Overview

For 35 years, Procom has been pushing the envelope in North American IT staffing solutions. Driven by a senior management team of seasoned recruitment professionals, we have offices in 14 locations in the US and Canada and service all major IT markets.

When we started out in 1978, tech jobs were just being integrated into the workplace. We have been a part of shaping the landscape of IT in Canada ever since, placing IT consultants in major businesses in all sectors, including banking, telecommunications, and retail.

Through all the peaks and valleys of the IT industry, we have consistently done one thing: helping IT professionals discover the next chapter in their career.

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