Bank of Canada Accounting Analyst Jobs Careers 2022-2023: bankofcanada.ca

What you will do 
Under the general direction of the Manager, the Accounting Analyst provides the primary dedicated analytic support for managing the accounts for the Bank entities. The Accounting Analyst also provides analytic support by recording, analyzing, reviewing, tracking, validating and assessing the transactions and general ledger accounts. The position provides practical hands-on advice and guidance pertaining to the application of policies and procedures.

You also perform duties that are central to the processing, controls, and day-to-day management of the General Ledger and sub-ledgers. These accountabilities support the production of various internal and external reports and financial statements for the Bank’s different reporting entities. 

As the Analyst you will continually monitor transactions, adjustments and accruals within a complex and dynamic accounting environment to ensure adherence to policies, procedures and regulatory requirements and will reconcile significant accounts on a cyclical basis. You will review and reconcile the accounts with respect to current policies and procedures, and reconcile balances with a perspective to accounting requirements, accuracy and materiality.

Through continual tracking, analysis, validation and assessment of the accounting functions, you will ensure the accuracy of account balances, that the transactions are recorded in a timely and efficient manner, and are completed within deadlines, supporting internal and external reporting requirements.

You will analyze business transactions, understand impacts on operations and develop analytical procedures to assess the reasonableness of the results. You will also contribute to the development of projects to address data collection, recognition and reporting requirements relating to factors such as the introduction of new processes, business requirements and accounting standards.

You will also contribute to the development of rationale, documentation and audit files to support decisions related to regulatory and accounting practices and take part in the assessment of electronic financial systems such as SAP and FINDUR that will include identifying system requirements, upgrades and testing. Finally, you will collaborate with key internal and external stakeholders with respect to the efficient management of the accounting and related departments.

Note: 
This poster may be used to fill other Accounting Analyst positions (Term or Regular) in 2022. 

What you need to succeed
We are looking for someone who is adaptable, independent and has great initiative, someone who can seek information as well as analyze information to define problems and draw logical conclusions. The successful candidate for this position will also need to be well organized to ensure deliverables are met while being able to identify, consolidate, prioritize issues and translate them into plans to ensure the interest and support of the directors and their teams.

Furthermore, being someone who can plan for quality control, be detailed oriented is also key to this role. We need someone with an engaging personality, a solid active listener with effective oral and written communications skills.  You are an effective team player with solid interpersonal skills, willing to provide expertise and constructive feedback, and contribute ideas to others to achieve common goals. Finally, advanced computer skills are required in this role to work with spreadsheet programs, presentation software and planning tools. 

Nice-to-have 

• general knowledge of accounting operations and International Financial Reporting Standards
• experience in portfolio management including treasury and risk management 
• experience in working with electronic accounting systems such as SAP
• experience providing analytical support or reviewing month-end closing entries and processes
• experience in assessing and documenting internal controls
• relevant experience in a consultative and advisory work environment
• understanding of investment securities, including the ability to calculate security prices, amortizations, revenue recognition and reporting thereof

Your education and experience
This position requires a CPA designation (CA, CMA or CGA), with an active membership in good standing or be currently working towards an accounting designation with a minimum of five years of relevant experience in the areas of accounting operations, month-end closing entries and processes, monthly financial reporting

What you need to know

• Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability 
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
• In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.  
• The official title for this position is “Analyst ” 

Hybrid Work Model #LI-Hybrid

The Bank is conducting a trial of a hybrid working model which provides employees with the flexibility to telework for significant portions of each month. During the trial, employees will only be required to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person.  For the majority of employees, it is expected that onsite time will range from 5 to 10 days per month, depending on your role.  You are expected to live in Canada, and within reasonable commuting distance of the office. 

Vaccination Policy

Please note that the application of the Bank’s Covid-19 Vaccination policy has been temporarily suspended, effective June 20, 2022.  As a result, you will not be required to submit verification of your vaccination status before starting employment with the Bank.  However, please note that the Bank reserves the right to reintroduce vaccination requirements in the future if necessary to respond to changing public health advice and\or government direction.

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

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 $72,695 to $85,520 (job grade 15)
• Depending on performance, you may be eligible for performance pay for successfully meeting (5 to 7% of your base salary) or for exceeding expectations (10% of your base salary). 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