Intermediate Accountant

Equitable Bank
Toronto, Ontario, Canada
Competitive salary
16 Sep 2020
18 Sep 2020
Job role
Experience level
Qualified accountant
Canada's Challenger Bank™
If you're looking for a workplace where employees are passionate about their work environment, then read on. What sets Equitable Bank apart from other companies is its culture. We celebrate and embrace the fabric of diversity, the employee engagement process and collectively take pride in our business successes. Our commitment to our customers, our partners and our employees creates a stimulating and exciting atmosphere that generates innovative products and outstanding service quality.

Equitable Bank is Canada's ninth largest independent Schedule I bank, serving Canadians coast to coast. It offers a diverse suite of residential lending, commercial lending and savings solutions, including high-interest savings products and GICs. Through its proven branchless approach and customer service focus, Equitable Bank has grown to approximately $33 billion in assets under management. In 2016, Equitable Bank launched a digital banking operation, EQ Bank, and introduced the EQ Bank Savings Plus Account. Equitable Bank currently employs over 750 employees across the country.

Within Equitable Bank's Core Lending business, Single Family Lending Services funds mortgages for owner-occupied and investment properties across Canada, while Commercial Lending Services provides mortgages on a variety of commercial properties on a national basis.Equitable's Securitization Financing business originates and securitizes insured residential mortgages under the Canada Mortgage and Housing ("CMHC") administered National Housing Act.Equitable Bank also offers a range of deposit products including short-term, long-term and Cashable GICs, available in non-registered or Tax Free Savings Account ("TFSA") across Canada. And it offers a High Interest Savings Account, available from authorized investment advisors through the FundServ network.

Equitable Bank is a growing Canadian financial services business and a wholly owned subsidiary of Equitable Group. It was founded in 1970 as The Equitable Trust Company.

Job Title: Intermediate Accountant

Department: Accounting and Finance

Reports To: Manager, Accounting

Purpose of Job

As part of a growing and dynamic Accounting team, the Intermediate Accountant, reporting to Manager, Accounting, will be responsible for providing support to the finance function by validating GL numbers, reconciling the General Ledger with Sub-Ledgers, performing Bank Reconciliations, and providing analysis. Assistance in developing Accounting Product Plans and providing support for existing and ongoing projects.

Main Activities:

• Performing Bank reconciliations on a regular basis

• Validating GL balances by performing reconciliations between GL (SIT) and sub-ledgers. Following up with respective business units for clearance of reconciling balances and suggesting an appropriate course of action.

• Performing income and expense analyses and investigating reasons for variances on a periodic basis.

• Timely preparation of schedules and monthly deliverables with utmost vigilance and accuracy for review by Manager, Accounting.

• Recommending appropriate GLs and ensuring they have been adequately and correctly mapped.

• Development and maintenance of accounting product plans and procedure manuals.

• Act as a member of the project implementation team by participating in testing phases including SIT, UAT and others, if any. Update Accounting Manager with ongoing progress and keep the manager aware of all the key issues and project status

• Preparing assigned notes to financial statements

• Respond to ad hoc requests as required with a high degree of flexibility and attention to detail

• Reporting requests may require the candidate to collect, consolidate and analyze financial data derived from various sources

• The candidate may be required to assist in other areas of the Accounting and Finance department and other business units as needs arise

• Structure and regularly update key processes and develop relevant documentation with a view to enhance efficiencies and manage risk

• Log issues as soon as they are identified and work with concerned stakeholders to raise the issues and resolve them promptly.

• Providing support to Manager Accounting for auditor requirements.

• Proactively find ways to improve the technical accuracy, validation and organization of day to day deliverables.

Knowledge/Skill Requirements:

• Degree in Accounting or Finance and working towards a Canadian Accounting designation

• Minimum 2-3 years of experience in an accounting function

• Working knowledge of reconciling accounts is required

• Proficient in all Microsoft Office programs, especially Excel

• Quick in learning and getting acquainted with new software and processes

• Self-starter with strong attention to detail and well organized

• Possess strong problem-solving and analytical skills

• Strong time management skills to meet tight deadlines

• Should be able to work in a team setting and will work closely with other organizational managers to support their projects

• Proven ability to work under pressure and independently with high degree of accuracy

• Ability to handle multiple competing priorities (multi-tasking)

Equitable Bank is an equal opportunity employer and encourages applications from all qualified candidates. Accommodations are available on request for candidates taking part in all aspects of the selection process. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

Other details
  • Pay Type Salary