Finance & Accounting Advisory Director

WHO WE ARE                                            

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.  
  

Our Values, Our Passion

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.  

Customer-Focused. Passionate Advocates 

Courage to Act. Do the Right Thing 

One Team. One Vision 

Think Long-Term. Ever-Evolving 

Be Exceptional. Inspire Greatness

POSITION SUMMARY

The role is responsible for overseeing complex technical accounting functions,ensuring compliance with accounting standards and providing guidance on complex accounting matters.

It guides the organization through technical accounting challenges,ensuring compliance with accounting standards, includes a focus on ESG (Environmental, Social, and Governance) disclosure and reporting, ensuring that the company meets all relevant regulatory and stakeholder requirements.  It will research and document accounting standards, provide strategic guidance during new product planning and handle accounting for new products, including financial disclosure.

MAJOR ELEMENTS OF THE ROLE

Technical Accounting Guidance:

• Lead the technical accounting function, ensuring adherence to GAAP, IFRS, and other relevant accounting standards.
• Lead and provide expertise on complex technical accounting issues, including revenue recognition, leases, financial instruments, business combinations, and consolidations.
• Interpret and implement new accounting standards, ensuring compliance across the organization.
• Advise senior management and stakeholders on technical accounting matters and their impact on the organization.

Research and Application of Accounting Standards:

• Conduct thorough research on new and emerging accounting standards, evaluating their impact on the organization.
• Ensure the accurate application of accounting standards across all financial reporting processes.
• Develop and maintain comprehensive documentation on the application of accounting standards, including rationale and supporting evidence for decisions.
• Monitor changes in accounting regulations and provide timely updates to the finance team and senior management.

ESG Disclosure and Reporting:

• Lead the development and implementation of ESG reporting strategies in alignment with industry standards, regulations and company goals.
• Ensure accurate and transparent disclosure of ESG data in financial reports and other stakeholder communications.
• Collaborate with cross-functional teams to gather, verify, and report on ESG metrics.
• Stay current on evolving ESG regulations and reporting frameworks, advising the organization on best practices and compliance requirements.
• Prepare ESG-related sections of financial reports and ensure their integration with overall financial disclosures.

Accounting for New Products:

• Oversee the accounting processes for new products, ensuring accurate recognition, measurement, and disclosure.
• Collaborate with product development and marketing teams to integrate accounting considerations into product strategies and launch plans.
• Ensure accurate and timely financial reporting related to new products, including disclosures in regulatory filings and internal reports

Policy Development:

• Develop, update, and maintain the organization’s accounting and ESG related policies and procedures.
• Lead the implementation of new accounting policies across the organization to adapt to the company’s evolving needs.

Team Leadership:

• Provide training on technical accounting topics to the finance team and other stakeholders.
• Promote continuous learning and improvement within the finance team.

Strategic Planning:

• Collaborate with senior management to align accounting strategies with overall business objectives.
• Support strategic initiatives by providing technical accounting insights and due diligence.

Stakeholder Communication:

• Communicate technical accounting matters to non-financial stakeholders in a clear and concise manner.
• Serve as the primary point of contact for technical accounting queries from internal and external stakeholders.

SKILLS AND EXPERIENCE REQUIRED

Qualifications

• University degree in Accounting or Finance
• Professional Accounting Designation, CPA, CA
• 8- 10 years previous experience, within Financial Services
• Experience working in an accounting firm or in a technical accounting role within a large public company is highly desirable.
• Strong knowledge of IFRS – existing and future requirements
• Experience with Workday and Workiva is an asset
• MS Office suite of products with an emphasis on strong Excel skills

Attributes

• Deep understanding of GAAP, IFRS, and other relevant accounting standards.
• Strong attention to detail, prioritization, ability to work in dynamic/deadline driven environment
• Excellent verbal and communication skills, a clear and professional communicator
• Excellent business and problem solving skills
• Experience in cross-function interactions
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Proven leadership and team management abilities.

Working Conditions Unique to Job

• Hybrid working environment

WHY WORK AT HOMEEQUITY BANK?

Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.
 

A Dynamic Culture – With People at the Centre  

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023. 
 

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.  
 

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks

HomeEquity Bank offers a competitive total rewards package that includes:

• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness 

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

Stay in the Know

Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:

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