Accounting Analyst

Accounting Analyst

Take a central role

The Bank of Canada has a vision to be a leading central bank—dynamic, engaged and trusted—committed to a better Canada. No other employer in the country offers you the unique opportunity to work at the very center of Canada's economy, in an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment.

Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.

With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers: Working Here - Bank of Canada

Find out more about the next steps in our Recruitment process.

What you will do

Under the general direction of the Senior Manager, Bank and Pension Accounting, the Accounting Analyst perform duties that are central to the processing, controls and day-to-day management of the various ledgers and investment accounts for the Bank of Canada and its two pension trust funds. These accountabilities support the production of various financial statements, investment records and reports. In your role, you ensure that the integrity of the accounts is maintained and that related policies and procedures are being adhered to. As a member of the team, you use your operational expertise and insight to advise the Senior Manager on a variety of matters including accounting practices and business process improvement. You are accurate and efficient in your work and are client-focused with your internal and external stakeholders. You will work in a dynamic and supportive environment, collaborating closely with a team of driven individuals.

As an accounting analyst, your core responsibilities will include:

• • Performing the financial-close related activities: recording, analyzing, reviewing, tracking, validating and assessing the transactions and general ledger accounts, ensuring the accuracy of the account balances, within imposed deadlines for weekly and monthly reporting.
• Preparing variance analyses and providing insights into account balances and movements, making relevant connections between the financial results and the business transactions and the Bank's policies/market interventions.
• Ensuring adherence to policies, procedures, internal controls and regulatory requirements, and provide hands-on advice and guidance pertaining to their application.
• Supporting the internal and external audits by providing documentation and explaining the accounting results and processes.
• Collaborating with internal and external stakeholders with regards to the accounting results, their appropriate recording and our systems.

You will also actively contribute to initiatives related to the introduction of new processes, accounting standards, and financial system implementation/upgrades, where you will participate to the establishment of business requirements and perform system testing. You will contribute to the development of rationale, documentation and audit files to support decisions related to regulatory and accounting practices and support the ongoing improvement of our processes and of our internal controls by sharing your ideas and expertise.

What you need to succeed

To be successful in this role, you will need to be adaptable, with a great sense of initiative and strong analytical skills. You have experience working in accounting operations, performing monthly closes and financial reporting. You have general knowledge of accounting operations and International Financial Reporting Standards. The successful candidate needs to be able to work under pressure and be very organized. We need someone with an engaging personality, a solid active listener with effective oral and written communications skills, in both English and French. You will be part of a highly collaborative group, therefore you must be an effective team player with strong interpersonal skills, willing to provide expertise and constructive feedback, and contribute ideas to others to achieve common goals. Finally, you should also be comfortable working with accounting and reporting software and be proficient with Excel.

Nice-to-have

experience in the following areas:

• • portfolio management including treasury and risk management
• working with Sap, Blackline, FINDUR
• providing analytical support or reviewing month-end closing entries and processes
• assessing and documenting internal controls
• working within a consultative and advisory work environment
• strong understanding of investment securities, including the ability to calculate security prices, amortizations, revenue recognition and reporting thereof

Your education and experience

This position requires candidates to have a CPA designation and be active members in good standing, or be in the process of completing an accounting designation with at least 50% of the program finished. They should have a minimum of two years of relevant experience in accounting operations, month-end closing processes, and monthly financial reporting. Alternatively. An equivalent combination of education and experience may be considered.

Language requirement

The Bank's work environment is conducive to the use of both of Canada's official languages - English and French. The position language requirement is Level 5 (Fully Functional). If a qualified candidate who meets the language requirement of the position is not found, a qualified candidate who does not meet the language requirement may be considered. Training may be provided to help reach the required level. Both bilingual and unilingual candidates are encouraged to apply.

What you need to know

• • Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability
• There will be no relocation assistance provided
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

Hybrid Work Model

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a portion of each month as part of the Bank's hybrid work model, and they are expected on site at the Bank location a minimum of 12 days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

What you can expect from us

This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider.

• • Salaries are based on qualifications and experience and typically range from $80,967 to $95,255 (job grade 15)
• The Bank offers an incentive for successfully meeting expectations at 5 to 7% of your base salary. The Bank offers additional performance pay (3%) for those who exceed expectations. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
• Flexible and comprehensive benefits so you can choose the level of health and dental coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.