Job Title: Intermediate Accountant Department: Finance Reports To: Manager, Accounting ________________________________________________ Why Equitable 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. About Equitable Bank Equitable Group Inc. is a growing Canadian financial services business that serves the market through its wholly-owned subsidiary, Equitable Bank. Equitable Bank is a federally regulated Schedule I Bank with total assets of approximately $12 billion, 290 skilled employees and proven capabilities in lending and deposit-taking. Equitable Bank's integrated operations are organized according to specialty. Within Equitable Bank's Core Lending business, Single Family Lending Services funds mortgages for owneroccupied and investment properties across Canada while Commercial Lending Services provides mortgages on a variety of commercial properties on a national basis. Equitable Bank's Securitization Financing business originates and securitizes insured residential mortgages under the Canada Mortgage and Housing Corporation ("CMHC") administered National Housing Act. Equitable Bank provides savings products including Guaranteed Investment Certificates and savings accounts. Equitable Bank was founded in 1970 as The Equitable Trust Company. Purpose of Job Prepare month-end schedules to help facilitate with the preparation of the financial statements. Prepare quarterly and annual notes to the financial statements. Perform banking activities (including funding and settlement transactions related to specific bank accounts) Prepare ad-hoc reports as requested. 1 Main Activities 1. 20% - Banking activities as well as daily reconciliation of bank accounts; - Daily balancing of specific general ledger accounts; - Liaise with other departments as required; - Identify opportunities to improve the efficiency of schedules; - Discuss outstanding issues with Manager and provide recommendations; 2. 40% Monthly: - Ensure accurate and timely preparation of monthly schedules as required, (including liquidity investment schedules- Bonds, Term Deposits, Floating Rate Notes.) - Account for swap transactions including interest payment and receipt, accruals and fair value calculations at month end. - Prepare GIC subledger to general ledger reconciliation - Assist in preparing month over month variance analysis; - Prepare manual and adjusting journal entries as required; 3. 30% Quarterly: - Prepare schedules and notes to the financial statements for own areas. Assist the Manager, Accounting in roll forward of the financials and related activities. - Liaise with other departments and external auditors. 4. 10% Ad-hoc: - Develop schedules as needed by finance and other departments Knowledge/Skill Requirements Detail oriented and well organized; Experience in reconciling accounts is required; Ability to work independently and identify and resolve issues; Sound knowledge of Microsoft Office in particular Excel and Word; Experience in mortgage industry will be an asset. 2 Job Complexities / Thinking Challenges On-going, review processes to ensure work is done efficiently and on timely basis – this is key as reporting requirements increase and deadlines tighten. Currently Excel is used for most reports, therefore it is essential to have strong skills to assist with the development and improvement of reports. Ability to reconcile accounts and document processes. Knowledge of accounting practices and internal policies to ensure information is recorded properly. Accountability Reports directly to the Manager, Accounting. Daily tasks need to be completed accurately and on a timely basis. Intermediate Accountant is expected to recommend solutions on how to improve efficiencies. Key Internal and External Contacts Interact with finance staff daily. Interaction with other departments at month-end, but also throughout the month as needed. Interaction with banking representatives or external service providers as required. Physical Demands / Working Conditions Normal office environment although at month-end there is pressure to ensure information is provided on a timely basis therefore overtime is required. Weekend work is necessary during quarter-end and year-end. Equitable Bank is an equal opportunity employer and encourages applications from all qualified candidates. While we appreciate your interest in applying, an Equitable recruiter will only contacting leading candidates whose skills and qualifications closely matches the requirements of the position. To apply, please indicate both your name and the position title you are applying for in the subject line. 3
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