Manager, Accounting

Reporting to the CFO at the Bank, the Manager, Accounting, is responsible for effectively managing the Accounting Department in performing its financial reporting and tax filing functions.

Key Responsibilities & Accountabilities:

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)
  • 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 Differential Premium By-law and Return of Insured Deposits (RID) and prepare the semi-annual payment to CDIC, Trust account disclosure by-law
  • Calculate and report the monthly Expected Credit Loss balance to Senior management

Tax

  • Review withholding taxes remittances and settlement with CRA
  • Review and 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)
  • Review and take a leading role 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)

Reconciliation

  • Review reconciliation work and support the follow-up for pending items
  • Participate in implementing the automatic reconciliation with IT and Global IT System Development (Desjardins)

Audit

  • 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’ requests 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

Job Requirements:

  • Bachelor’s degree in accounting or finance
  • 10-15 years of experience in accounting
  • Accounting and Finance related designation CPA (CGA, CMA, CA) is required
  • 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
  • 5-7 years of experience in People Management is preferred
  • Bilingual in English and Korean
  • Legally able to work in Canada

Thank you to all applicants for your interest in this job opportunity, however we will only contact candidates selected to continue in the interview process.

Job Types: Full-time, Permanent

COVID-19 considerations:
WFH on a rotating basis

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