Job Description
Join a Challenger
Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.
Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada’s Challenger Bank™, and have been around for more than 50 years. Equitable Bank’s wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World’s Best Banks list since 2021.
The Work
The Director, Accounting & Consolidation plays a critical role within the Bank’s Accounting and Finance Department and is responsible for the effective and efficient management of core financial control functions, including technical accounting and accounting policy (including providing accounting guidance and preparing technical accounting memos/position papers where required), consolidation, month-end and quarter-end close, and financial statement preparation. This position requires strong people leadership, sound judgment, and excellent communication and organizational skills to lead a team of accounting professionals and partner effectively across the Bank.
The Core Responsibilities:
- Provides accounting advisory support and guidance to business unit inquiries (including new product and service launches), and prepares technical accounting memos/position papers to document conclusions where required
- Leads the month-end and quarter-end financial statement close and Group consolidation process, including coordinating close activities across the Bank’s subsidiaries (e.g., Concentra Bank, Bennington Financial Services (BFS), and other wholly owned subsidiaries)
- Owns the integrity, accuracy, and timeliness of financial reporting for the Bank and its subsidiaries, including the preparation and review of external financial statements and related disclosures
- Partners with the Middle Office team on derivatives and hedge accounting, including identifying natural hedge relationships, supporting hedge designation/documentation, and advising on hedge accounting strategies to minimize fair value mismatches
- Leads finance projects as assigned, which may include complex areas such as portfolio purchase and sale transactions, intercompany agreements, etc.
- Manages a team of accounting professionals by providing overall business context, guidance, and coaching
- Manages the Bank’s external auditor relationship, including coordinating the annual audit and quarterly reviews, overseeing PBC requests and issue resolution, and supporting specified procedures and prospectus-related filings as required
Let’s Talk About You!
- Completion of a recognized CPA accounting designation
- Strong technical accounting knowledge (IFRS), with the ability to provide accounting guidance to stakeholders and draft clear accounting memos/position papers to support conclusions
- 7–10 years of progressively responsible experience in accounting and financial reporting, including consolidation and financial statement close processes, preferably within financial services
- Strong knowledge of derivative accounting and hedge accounting, including documentation, effectiveness assessment, and financial statement presentation, and proven ability to partner with Middle Office and other stakeholders
- Strong systems and analytical skills, including advanced Excel and experience with ERP and/or consolidation/reporting tools
- Proven success as an Accounting/Finance leader in a director or similar role, preferably in financial services
- Strong organizational skills to be able to set priorities, develop work schedules and timelines, and monitor and track progress
- Excellent written and verbal communication skills, including the ability to present complex accounting matters clearly to senior stakeholders
What we offer [For full-time permanent roles]
💰 Competitive discretionary bonus
✨ Market leading RRSP match program
🩺 Medical, dental, vision, life, and disability benefits
📝 Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy and personal days
🖥 Virtual events to connect with your fellow colleagues
🎓 Professional development and comprehensive Career Development program
💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!
