Director, Capital Accounting, Reporting

Director, Capital Accounting, Reporting & Control

Locations: Toronto, Ontario

Time Type: Full time

Posted on: Posted 3 Days Ago

Job Requisition ID: JR24071754

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive.

Working Arrangement: Hybrid

Job Description

The opportunity

Group Accounting is focused on ensuring the quality of our financial reporting and controls. This includes external communications and reporting, global accounting policy, reporting systems, processes and controls. The Capital Accounting, Reporting & Control team was set up to ensure accuracy and consistency for consolidation of all Manulife companies for our externally reported accounting basis (currently IFRS 17), for accounting of capital transactions, closing of the consolidated balance sheet and special projects including reorganizations, acquisitions and disposals of subsidiaries. The team also has subject matter experts pertaining to the Infor General Ledger, FX accounting and processes, consolidation accounting and the intercompany loan administration system (Kyriba).

The Director, Capital Accounting, Reporting & Control reports to the AVP, Capital Accounting, Reporting & Control and will be involved in a wide range of initiatives to improve financial reporting and control processes across the organization. The position requires an individual with a strong background in accounting, analysis and control. It also requires a high degree of initiative, technical and analytical expertise, the ability to work effectively with many different areas across the organization, a solid understanding of financial processes, and a strong team orientation.

Responsibilities

The Director will be involved in and support the following responsibilities of the Capital Accounting, Reporting & Control team, including but not limited to:

• Preparation or review of the quarterly adjustments required for closing of the consolidated Balance Sheet to ensure equity components are accurate and roll properly, including equity pick-up.
• Preparation or review of the entries and schedules related to ESOP, share buybacks, external debt.
• Preparation or review of accounting models and/or entries for shareholder dividends, dividend cancellation and capital transactions including dividends, injections, reorganizations/mergers/wind-ups.
• Participation in working groups representing finance for capital transactions.
• Oversight in SOX control processes, as required.
• Preparation of pro forma balance sheets for regulatory applications.
• Preparation or review of selected schedules and financial statement notes for external and regulatory reporting.
• Assistance in ad hoc filings, requests from internal and external sources.
• Assistance in establishing and/or streamlining standard processes and improving controls.
• Ad hoc analysis and investigation, advisory and support to segment and functional teams.

Challenges

• Analyzing, understanding and improving complex financial processes while working with multiple audiences in a rapidly changing environment.
• Developing financial processes with limited resources in a timely, efficient and well-controlled fashion.
• Working with incomplete information to address issues with financial information, applying sound judgment in developing solutions and making recommendations.
• Unplanned requests for information and analysis.
• The role requires a great collaborator to work effectively with project stakeholders across the Company.

What motivates you?

• You obsess about customers, listen, engage and act for their benefit.
• You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
• You thrive in teams and enjoy getting things done together.
• You take ownership and build solutions, focusing on what matters.
• You do what is right, work with integrity and speak up.
• You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

• Strong financial background, with excellent problem solving and analytical skills.
• Demonstrated competency in project management, preferably in a financial processes context.
• Strong interpersonal, communication (verbal and written) and team-building skills including the ability to work with cross-functional and cross-divisional project teams.
• Self-motivated and ability to work independently.
• Ability to manage multiple projects to balance workload.
• Strong personal computer skills with hands-on experience of Microsoft products, including Excel and Word.
• Hands-on experience with finance applications and Manulife’s financial tools including Infor GL, JETS, DART, Essbase, DODECA, Power BI.
• Accounting designation (CPA).
• University degree or equivalent in Accounting or a related field.
• Experience in consolidation and FX accounting.
• Life insurance experience is an asset.

What can we offer you?

• A competitive salary and benefits packages.
• A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
• A focus on growing your career path with us.
• Flexible work policies and strong work-life balance.
• Professional development and leadership opportunities.

Our commitment to you

• Values-first culture: We lead with our Values every day and bring them to life together.
• Boundless opportunity: We create opportunities to learn and grow at every stage of your career.
• Continuous innovation: We invite you to help redefine the future of financial services.
• Delivering the promise of Diversity, Equity and Inclusion: We foster an inclusive workplace where everyone thrives.
• Championing Corporate Citizenship: We build a business that benefits all stakeholders and has a positive social and environmental impact.

#LI-Hybrid

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals.

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location: Toronto, Ontario

Salary range is expected to be between: $103,050.00 CAD - $185,490.00 CAD

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans.