Assistant Director, Accounting Operations
City, Province, Country:
Ottawa, Ontario, Canada
Number of Positions:
November 7, 2012
November 18, 2012
Salary Range (annual salary): The Bank offers a competitive total compensation package with starting salaries, based on qualifications, generally ranging between $115,654 and $144,568* (job grade 21). *Where the Bank has needs for specialized skills, it may offer higher starting salaries to exceptional candidates.
Canada's central bank is the nation's pre-eminent macroeconomic policy institution. No other employer in the country offers you the unique opportunity to work at the very centre of Canada's economy, in an organization with significant impact on the economic and financial well-being of all Canadians. No matter what your area of expertise, you'll enjoy an open culture and a superior work environment that will challenge, energize, and motivate you to excel. (More info)
The role of Financial Services is to provide a sound financial framework for effective decision making and accountability across the Bank. The department is responsible for the accounting and financial reporting of the Bank as a corporate entity as well as the Exchange Fund Account, the government debt for which the Bank is fiscal agent and the Bank’s pension plans. It provides financial management, business advice and services while promoting strong financial governance and reporting. The work of the department is organized into three business lines: (i) Financial Operations (which includes Accounting Operations); (ii) Financial Policy and External Reporting; and (iii) Financial and Strategic Advice. These three business lines work together to provide strategic financial service that enhances business value and supports the Bank’s priorities.
The Assistant Director of Accounting Operations is responsible for providing strategic direction and leadership for the accounting operations of the Bank of Canada, its pension plans, and for the Government of Canada debt and Exchange Fund Account. The Assistant Director is highly knowledgeable in the various accounting and regulatory requirements under International Financial Reporting Standards (IFRS), the Public Sector Accounting Board (PSAB) and pension accounting regimes. The Assistant Director provides strategic direction on approaches to fulfilling the accounting requirements for each of the five reporting entities as well as their interface with the accounting needs of the front-line operations. On a day-to-day basis, the Assistant Director ensures the effective and efficient processing of all transactions for the reporting entities and for monitoring and maintaining their financial control frameworks, together with continual validation, assessment and balancing of the various entities’ books. The Assistant Director is responsible for ensuring that accounting policies, procedures and regulatory requirements are applied consistently and appropriately. The Assistant Director certifies that the control frameworks are functioning correctly as part of representations to the Board of Directors, the external auditors and other external stakeholders such as the Department of Finance and pension trustees. The Assistant Director is responsible for developing a competent, effective and motivated team that have the required skills to deliver on their mandate.
•be accountable for the overall integrity, timely production and appropriateness of all accounting functions and production of financial information for each entity in support of the internal and external reporting and control requirements•ensure that the proper internal controls are in place and functioning well to maintain integrity and accuracy of financial records and reports•be responsible for the external representation of the accounts for the publicly accountable entities (the Bank, the Exchange Fund Account, government debt) through reports and analysis provided externally to stakeholders and the general public•guide and direct accounting operations for each reporting entity, including managing general ledgers and related sub-ledgers, trial balances, payables and receivables•collaborate with key internal and external stakeholders with respect to the efficient management of the accounting and related back-office operations for the reporting entities•ensure that daily, weekly, monthly and annual close processes are completed effectively and appropriately in support of safe and efficient financial operations •lead the design and development of operational policies, procedures and guidelines and their implementation within the department and Bank-wide•lead the development of and promote operational compliance with the financial accountability frameworks, financial policies and procedures, and ensure that departments are in compliance with these policies and procedures •oversee payment processing operations for each of the different operational disbursement requirements (payables, Unclaimed Balances System (UCBS), mutilated notes, Large Value Transfer System (LVTS), employee payments)•provide advice and guidance to management regarding the financial and operational controls that safeguard the organization’s assets •provide sound and timely financial information supporting effective implementation/settlement of monetary and financial policy decision making to the appropriate levels of management•provide oversight and guidance with respect to application of and compliance with commodity tax regimes •be responsible for the effective maintenance and deployment of the Bank’s travel-related policies and services•effectively manage and coordinate staff resources to meet business priorities •develop recruiting, training and retention strategies to preserve an engaged and productive team as part of continued career advancement within the Bank of Canada•foster a positive working environment that motivates staff to excel and that promotes co-operation and partnerships
•an accounting designation such as CA, CMA or CGAwith•a minimum of 10 years of experience in accounting operations with at least 3 years at a senior financial level and •at least 5 years of experience at a managerial levelin addition•English and French essential•functional in second official language (training will be provided to help the selected candidate reach the required level)•ability to provide sound advice and guidance at all levels within the organization •proven ability to carry out responsibilities through effective delegation, motivation and oversight•extensive experience in accounting operations and process improvements•understanding of and experience in working with both IFRS and PSAB accounting requirements, including a sound awareness of defined benefit pension accounting•strong leadership and interpersonal skills•ability to succinctly communicate complex issues both orally and in writing •proactive mindset and confidence in recommending solutions and implementing new processes or process improvements•ability to work well under pressure and to meet tight deadlines
•fully functional in second official language•experience working with an integrated SAP enterprise resource planning system
•Condition of employment: Candidate must be eligible for reliability status clearance.•There will be no relocation assistance provided for this recruitment action.•The Bank of Canada benefits from the unique perspectives, attributes and talents of its diverse workforce. We offer flexibility to accommodate the needs of our employees and candidates. The Bank of Canada is committed to employment equity and actively encourages applications from qualified men and women, including Aboriginal peoples, persons with disabilities, and members of visible minorities.•Priority will be given to candidates who are legally entitled to work in Canada.•Only the candidates selected for an interview will be contacted.If you are a qualified candidate, please submit a detailed resumé and a covering letter by 18 November 2012. We will also ask you to complete a mandatory questionnaire during the application process.
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