Primary Purpose of the role:

• Provide reporting to the parent bank, regulatory institutions, and senior management
• Take a leading role in calculating monthly corporate income tax and preparing annual returns
• Take a leading role in external audits

Reporting

• Manage the delivery of monthly and quarterly financials (P&L and Balance Sheet) on a timely basis while ensuring data accuracy and completeness
• Manage the delivery of timely and relevant financial performance analysis such as month-by month net income fluctuation for Senior Management
• Review financial data to Parent bank (Shinhan Bank Korea)
• Financial reporting to regulatory institutions (Office of Superintendent Financial Institutions, OSFI) and Bank of Canada, Statistics Canada and analysis upon OSFI’s request
• Review Differential Premium By-law and Return of Insured Deposits (RID) and prepare the semi-annual payment to CDIC

Tax

• Review RSP withholding tax process to CRA
• Review withholding taxes amount regarding Parent Bank borrowing and deliver it to business support department for the payment to CRA
• Take a leading role 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)
• Report the tax slip returns to CRA (prepared by IT and reviewed by Branches) 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

Audit

• Take a lead role in executing the annual external Financial Audit process – working closely with the company’s third party auditors
• Prepare the audited financial statements with all disclosures
• Prepare documents/worksheets required by auditors and provide explanation upon request

Other Accounting related work

• Participate in ad-hoc projects to support CFO
• Prepare new COA or change request to Parent bank and IT department
• Advise other departments or branches for any necessary requests such as prepaid expense recognition or tax slip preparation
• Train and guide the team members
• Review accounting policy
• Support reconciliation tasks when necessary

Education Requirements:

Bachelor’s degree in business related field with an emphasis in finance or accounting, or equivalent combination of education

Work Experience Requirements:

• Minimum 5 -7 years of relevant experience
• Strong analytical and problem solving skills
• Excellent communication skills, both written and verbal
• Strong computer skills and advanced excel skills are a must
• Good organizational and communication skills to manage workload, communicate with teams and effective assist
• Knowledge of accounting principles
• Great organizational skills, ability to work independently and in a team environment
• Remains flexible to withstand unpredictable changes to schedule and deadlines

Professional Certification/Membership Requirements: CPA Preferred

Language Requirements: Required: English
Preferred: Korean