Senior Finance Manager

What is the opportunity? The incumbent will support the Regional Director in providing the local Management Committee & Board of Directors with financial & management reporting, high quality variance analysis and performance measurement to ensure timely and effective decision-making.  In addition, maintain all financial reporting within the RBC coterminus reporting timeframes. The incumbent will be responsible for the effective and efficient management of all local & outsourced Finance activities and to assess / address the monthly performance metrics. In addition, ensure that all regulatory & tax reporting are completed in an accurate & timely manner. The incumbent will provide support for the implementation of a new general ledger system (SAP S/4HANA). The role will include knowledge and support of the existing month-end close and the balance sheet attestation processes up to and after the transition process; as well as providing detailed training and coaching to the local Finance team on the new general ledger system. Finally, the incumbent will be responsible for the people management, training & development of the local Finance team in conjunction with the Regional Director. What will you do? Management and Oversight of the Finance Function Provide timely, insightful reporting and analysis of the financial results to the Luxembourg & Toronto Finance Teams within the coterminus & functional allocation reporting timeframes.  Meet all RBC Head Office reporting timelines as per the coterminus reporting requirements Provide timely, insightful reporting and high quality analysis of the financial management results to the Regional Director, the Management Committee and the Board of Directors.  The report should be of a high quality to allow for effective analysis and interpretation of key financial data to facilitate quality decision-making. Accountable for preparing all management and board of directors' reports Oversees / assists in the completion of the local statutory accounts and the finance element of the Long Form reports (Luxembourg). Ensures timely and full compliance with local Corporation Tax, social insurance, withholding tax and VAT tax declarations. All deadlines to be met with in advance of the deadlines. Monitor all legal/regulatory reporting aspects & future developments and ensure compliance with all deadlines (Central Bank, Financial Regulator, etc) Oversight of the outsourced client invoicing & collection activities (includes client balance collection, monitoring of outstanding & overdue amounts & quality KPI's). Provide effective early warning to Regional Director of potential missed Financial Plan objectives; recommend appropriate responses & solutions Identify profitability initiatives by leveraging revenue and/or expense management opportunities. Ensure full and timely reconciliation of all balance sheet accounts and SOD pack preparation as per the RBC Balance Sheet Attestation policy Maintain senior level relationships with external auditors and tax authorities. Works with Enterprise Management Reporting team to develop a consistent enterprise approach and methodology for the annual planning process Prepare Forecast & Plan reports and analysis as required . Also, challenge any assumptions and identify underlying trends Other responsibilities include active participation in special projects such as new business assessment, system changes & client profitability Attend & contribute to local Committees as required Escalates any issues / concerns to the Regional Director on a timely basis and provides possible ideas / solutions for resolution. People Management Manage, coach and develop the local finance team.  Highlight any training & coaching deficiencies to the Regional Director. Ensure the local Finance team understand our strategy, vision, values & culture, as well as support and reinforce client focused behaviours that contribute to RBCIS goals. Provide focus and clarity in establishing individual goals, driving performance, supporting career development and rewarding individual and team success Cultivate a cross functional and global mindset that puts client best interest ahead of individual and business agendas. Ensure proper cross-training of key functions within the Finance Department and rotate roles to facilitate greater understanding of each key process. Organise regular team meetings and ensure clarity of priorities and goals. Operate with an innovative and creative mindset in a manner that emphasizes continual process improvements. Project Management  -  SAP FC, SAP S/4HANA & local General Ledger systems Direct and address requests / enquires from the Global Implementation Project Team and ensure local timely and effective support for the transition onto the new General Ledger system. Assist in the various transition and implementation phases - from initial preparation to parallel testing phase, go live and post transition enhancement phases. Ensure a stable processing environment that meets corporate security requirements during the transition and go live phases. Develop reports and schedules within SAP for the Local Statutory accounts, local Corporation Tax, social insurance, withholding tax and VAT tax declarations. Knowledge of and the implementation of the data feeds from outsourced activities (client invoicing, external and internal bank statements, payroll, etc). Provide guidance on the development of high quality and insightful financial management & statutory accounting reports within SAP that can be delivered to the Regional Director, the Management Committee and the Board of Directors. Support for the month-end close process within the co-terminus & functional allocation reporting timeframes and the balance sheet account attestation processes and the SOX support pack as part of the transition onto the new General Ledger system. Provide detailed training and coaching to the local Finance team on the new General Ledger system. What do you need to succeed? Must-have - Between 5 to 10 years of prior extensive and demonstrable experience in a manager role within the financial services sector. - Accounting designation preferred (CA, CGA, CFA, ACCA, CMA, etc.) or local accounting designation. - Post-secondary degree majoring in Finance and / or Information Technology - In-depth knowledge of SAP S4 Hana or SAP R3. Working knowledge of SAP FC. - Good knowledge of financial statement preparation, accounting and finance. - Strong analytical thinking and attention to detail to ensure data integrity. - Strong solution finding mindset. - Must be able to deal with a variety of issues on a concurrent basis. - Ability to work in tight timelines and work with changing priorities. - Ability to work independently and as a team player. Nice-to-have - Working knowledge of Custody, Funds and unit registry Business. - Solid understanding of IT related to processes for application development, production processing, change management, and information security and control. - Knowledge of additional languages would be a plus. What's in it for you? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.