Director, Accounting

Role Description

The Director, Accounting is a full-time hybrid role located in North York, ON, with flexibility for some remote work. The Director will be responsible for overseeing and managing the day-to-day activities of the accounting department, including financial reporting and tax filing functions with a direct reporting line to the CFO.

Responsibilities & Accountabilities

Financial Reporting

  • Manage the delivery of financials on a timely basis to management while ensuring data accuracy and completeness.
  • Manage the delivery of timely and relevant financial performance analysis for Senior Management.
  • Manage financial and managerial reporting to Parent Bank (Shinhan Bank Korea).
  • Supervise financial reporting and analysis to regulatory institutions (Office of Superintendent Financial Institutions, OSFI), Bank of Canada, and Statistics Canada.
  • Take a leading role to report and prepare the semi-annual payment to CDIC, Trust account disclosure by-law.
  • Review the calculation and report the monthly Expected Credit Loss balance to Senior management.


  • Review withholding taxes remittances and settlement with CRA.
  • Review and take a leading role for corporate income tax: prepare the monthly installment, calculate the monthly income tax, calculate the year-end tax due including thin capitalization impacts, and work closely with external reviewer for final filing (T2).
  • Review and take a leading role for Indirect tax: prepare the quarterly installment or remittance for provincial taxes, prepare the GST returns, and work closely with CRA for final return (GST111 and GTS494).
  • Report the client tax slip returns to CRA and follow-up any errors with CRA.
  • Review CRA account balance or Notice of Assessment for tax returns and communicate with CRA for any discrepancies.
  • Report and reconcile the non-resident taxes account (NR4).


  • Supervise reconciliation work and support the follow-up for pending items.


  • Take a leading role in the annual external Financial Audit process.
  • Prepare the audited financial statements with all disclosures.
  • Take a leading role in CRA audit for various tax matters.
  • Review monthly self-audit related to Accounting Department prepared by Associate.

Other Accounting related work

  • Amend and update accounting and fair value policies and accounting guidelines on a regular basis.
  • Support CFO for the implementation of new accounting standards such as IFRS9, IFRS15 and IFRS16. Assess related financial reporting impacts and disclosure.
  • Participate in ad-hoc projects to support CFO.
  • Respond to other stakeholders’ request such as Corporate Tax, Information requested from Parent Bank or its auditors.
  • Train and guide the team members.
  • Take an advisory role to other departments or branches for any accounting or tax matters.

Education Requirements

  • Bachelor’s degree in accounting or finance

Work Experience Requirements

  • 10-15 years of experience in accounting.
  • Experience with industry best practices and professional standards.
  • Proven ability to implement strategies for effecting change, enterprise thinking and the ability to effectively gain buy in to large scale enterprise implementation of programs.
  • Superior interpersonal and leadership skills, oral and written communication and ability to anticipate and guide the impact of legislative/regulatory changes on the Bank.
  • Strong analytical, exceptional problem-solving skills, and the ability to manage multiple priorities and deadlines.

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