Director, Accounting Operations

La Banque HomeEquity

Banque canadienne à charte de l’annexe I, la Banque HomeEquity est le plus important fournisseur d’hypothèques inversées au pays et son portefeuille de prêts est en croissance. Étant la seule institution financière à se consacrer uniquement aux propriétaires de 55 ans et plus, la Banque HomeEquity a à cœur d’aider les propriétaires canadiens à vivre leur retraite comme ils le souhaitent. Nous tenons cette promesse tous les jours grâce à nos solutions d’hypothèque inversée, dont notre produit phare, l’Hypothèque inversée CHIP^MC.

Nos valeurs, notre passion

À la Banque HomeEquity, ce sont nos valeurs qui orientent et inspirent nos actions auprès de nos clients, de nos partenaires et entre nous.

Nous sommes d’ardents défenseurs au service de nos clients.

Nous avons le courage d’agir et de faire ce qui est juste.

Nous formons une équipe, nous avons une même vision.

Nous voyons loin et nous sommes en constante évolution.

POSITION SUMMARY

The role is responsible for overseeing the daily operations of the accounting department, including managing staff, ensuring accurate financial reporting data, and maintaining strong internal controls. This role ensures the timely and accurate completion of month-end and quarter-end close activities, as well as account reconciliations and accounts payable. The Director also collaborates with business and support departments to review monthly results, accruals, and prepaids. The Director works closely with the Finance team and other departments to ensure that all financial activities align with the organization’s goals and compliance requirements.

The Director will be a key role in the implementation of the new Enterprise Resource Planning (ERP) system.  ERP planning is kicking off at the end of September with an expected go live of May 2025.

MAJOR ELEMENTS OF THE ROLE

Team Leadership & Management:

• Lead and manage the accounting operations team, including hiring, training, and evaluating staff performance.
• Set department goals and objectives, aligning them with the organization’s financial strategy.
• Develop and implement accounting policies and procedures to ensure efficient and effective operations.

Accounts Payable:

• Oversee the accounts payable process, ensuring timely and accurate processing of vendor invoices and payments.
• Implement and maintain controls over the accounts payable process to prevent errors and fraud.
• Ensure compliance with company policies and relevant regulations related to accounts payable.
• Collaborate with vendors and internal teams to resolve any issues related to payments and invoicing.

Month-End and Quarter-End Close Activities:

• Oversee the month-end and quarter-end close processes, ensuring all financial data is accurately recorded and reported on time.
• Coordinate the preparation and review of journal entries, accruals, and other adjustments as part of the close process.
• Ensure the completeness and accuracy of financial statements, addressing any discrepancies or issues that arise during the close.

Account Reconciliation:

• Supervise the account reconciliation process, ensuring all balance sheet accounts are reconciled accurately and in a timely manner.
• Review reconciliations for accuracy, completeness, and compliance with accounting policies.
• Identify and resolve any discrepancies or issues found during the reconciliation process.

Internal Controls & Compliance:

• Maintain and enhance internal controls to safeguard the organization's assets and ensure the integrity of financial reporting.
• Ensure compliance with all applicable financial regulations, including tax reporting and filings.
• Coordinate internal and external audits, addressing findings and implementing recommendations.

Process Improvement:

• A key member of the ERP project team, developing and implementing the new processes and procedures for accounting operations.
• Identify opportunities to streamline accounting processes and implement best practices to improve efficiency.
• Leverage technology to enhance the accuracy and timeliness of financial reporting and accounting operations.

Cross-Departmental Collaboration:

• Work with business and support departments to review monthly financial results, ensuring alignment with the organization’s financial strategy.
• Review and analyze accruals and prepaids with relevant departments, making necessary adjustments and ensuring accurate reporting.

Strategic Planning:

• Participate in strategic planning and decision-making as part of the finance leadership team.
• Provide insights and recommendations on financial matters that impact the organization’s long-term goals.

SKILLS AND EXPERIENCE REQUIRED

Qualifications:

• University degree in Accounting or Finance

• Professional Accounting Designation, CPA, CA

• 8- 10 years previous experience, within Financial Services preferred
• Strong knowledge of GAAP, IFRS, and other relevant accounting standards
• Proficiency in accounting software and ERP systems; experience with technology-driven process improvements is a plus.
• Experience with Workday and Workiva is an asset
• MS Office suite of products with an emphasis on strong Excel skills

Attributes

• Proven leadership and team management abilities.
• 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.

Working Conditions Unique to Job:

• Hybrid working environment