Director, Corporate Financial Reporting

Position: Director, Corporate Financial Reporting
Benifits: FULL
Location: Toronto
Salary: 80-100k

This position is a key member of the team and specifically the Financial Services team. The position is responsible for managing the consolidated corporate accounting policy and financial reporting function for the client(including financial reporting and control projects), and the investment accounting function for public markets.

The position reports to the Senior Vice President Financial Services and manages 4 direct reports and 7 indirect reports for a total complement including the Director role, of 12 full time positions.

Due to the nature of the areas under the management, the position must at all times demonstrate the highest ethical values including the ability to deal with confidential information and ensure that the integrity of public reporting is maintained. The position will deal with all levels of the organization in a professional manner

This position is responsible for managing the Corporate Financial Reporting process for our client. The responsibilities of this position include:

Directing the preparation of quarterly and annual consolidated financial statements
Overseeing the accounting, analysis and control activities within Investment Accounting.
Maintaining relationship with external Credit Rating Agencies and managing the annual credit rating review process.
Managing accounting policy and reporting issues, regulatory reporting and Financial Services’ compliance processes.
Ensuring corporate financial information that is to be disclosed publicly
Providing leadership to accounting and financial control projects as required

This position will have substantial interaction with External Auditors; Actuaries; Senior Management, Directors, Managers and other staff in Finance and Administration, Investment Operations and Applications, Legal Division, Corporate Communications, Capital Markets, Internal Audit; and Finance personnel at Investment Entities.

Responsibilities: Financial Reporting

Managing the process for the preparation, review and analysis of the quarterly and annual consolidated financial statements and related notes. This process includes fully understanding existing and new accounting and disclosure pronouncements and their impact, ensuring financial disclosures are consistent with GAAP and the PBA and preparation of a detailed analysis of the financial information explaining balances and variances.

Managing Financial Services role in the preparation of the non-financial statements/ MD&A sections of the Annual Report. This includes coordination and provision of commentary and financial information to Corporate Communications and the review and verification of information in the Annual Report for consistency and accuracy.
Management of the development and review of quarterly actual and forecast financial information presented to OMERS Audit Committee

Management of the preparation of annual financial statements for the managed plans and the RCA. Managing the financial interaction between the AC and the managed plans.
Managing the interaction between client and the External Auditors by coordinating all aspects of the annual corporate audit and acting as the primary liaison between the field auditors and internal staff.
Maintaining an effective relationship with actuaries in order to facilitate completion of the annual consolidated financial statements and the Annual Report as well as the consolidated budget reporting to the Audit Committee.

Managing the relationship with the external Credit Rating Agencies. This includes acting as primary contact between the credit rating agencies and staff and coordinating the annual credit review process. This also includes responsibility for detailed review and verification of all information included in the credit rating reports and the related press release prior to issuance.

Review and approval of financial information to be made public by other areas including Corporate Communications and Pension Division to ensure material is accurate and is consistent with financial records and other published material. This requires a great deal of judgement in that the qualitative information must be consistent with the financial and non financial quantitative information.

Managing the accounting, analysis and control activities within Investment accounting including providing organization and leadership to technical staff.
Compliance and Regulatory Reporting

Responsible for developing, researching and maintaining accounting and financial reporting policies to address issues affecting (e.g. financial statement disclosure, investment valuation, and investment classification).
Provide other areas within the company a knowledge base in the interpretation and implementation of new and existing accounting policies and procedures and ensure that policies and procedures are clearly communicated throughout the organization.
Other

Keeping abreast of new business initiatives and ensuring the accounting, reporting and compliance implications of any changes are effectively managed.

Responsible for keeping senior management appraised of issues and new requirements within scope of responsibility.
Foster an environment that supports continuous improvement, by being knowledgeable on best accounting and control practices and policies and communicating areas for improvement.

Provide accounting and control assistance in systems and process changes in conjunction with other areas of Financial Services, Investment Operations and Applications and investment entities.

Participating in projects as required in both project management roles and as a team member.

Qualifications:

More than 10 years experience including 7 – 10 years experience in a senior management role applying reporting, accounting and control skills in a financial services environment.
Education - University graduate plus professional accounting designation (preferably a Chartered Accountant designation).

Strong problem solving abilities and able to manage complex and sensitive relationships with external parties (i.e. external auditor and external credit rating agencies).
Experience managing staff and demonstrated ability to provide leadership and achieve results in a team environment.
Strong understanding of accounting requirements for a financial services entity and demonstrated ability to implement new accounting pronouncements.
Strong working knowledge of financial products and financial reporting systems in a financial services organization.
Strong conceptual understanding of general ledger and other financial systems and practical working knowledge of Windows applications.
Strong understanding of internal controls documentation and review processes.
Excellent written and verbal communication skills.
Excellent interpersonal skills and strong customer-service orientation.
Able to work effectively across organizational lines and promote an effective team-based environment with employees and management at all levels.
Ability to work well under pressure and in an environment of changing requirements with strict reporting deadlines.
Exhibits high standards of business and personal ethical conduct.

please send resumes to gabriel@arrowprofessionals.com