Senior Accountant

Title: Senior Accountant

Location: IL-Chicago

Full time

As part of CIBC's Finance team, you'll play a critical role in providing expert consulting on complex general accounting matters. You'll apply advanced accounting concepts to help develop and implement new procedures that enhance workflow efficiency. Using independent judgement, you'll monitor the progress of projects and ensure that daily operations adhere to established accounting policies, industry standards, and CIBC's internal guidelines. You'll partner with colleagues to create and refine cost allocation methodologies, ensure accurate invoicing and payment for inter-company services, and review cost allocations for compliance. You'll also monitor affiliate transactions, generate ad hoc reports, conduct analytical assessments of complex activities, and document internal processes, controls, and data flows. Managing multiple tasks and projects assigned by senior management will be a key part of your role.

At CIBC we enable the work environment most optimal for you to thrive in your role. At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 3 days per week on-site, while other days will be remote.

How You'll Succeed

Cost Allocation & Documentation - Collaborate with Finance team members to develop and enhance cost allocation methodologies, ensuring documentation meets regulatory and tax authority requirements.

Intercompany Accounting - Oversee monthly invoicing and payment of inter-company services, confirming transactions are properly accounted for in line with internal policies.

Transaction Review & Compliance - Review inbound and outbound cost allocations for appropriateness and ensure affiliate transactions comply with Section 23A of Regulation W.

Reporting & Analysis - Create and generate ad hoc reports, and perform analytical assessments of complex transactions to determine appropriate accounting entries.

Process Documentation - Discover, document, and improve internal processes, controls, data flows, and reporting requirements.

Project Management - Manage multiple tasks and projects as assigned by senior management, ensuring timely completion and effective communication.

Who You Are

You have advanced accounting expertise. You bring a strong working knowledge of U.S. GAAP and IFRS, with at least 3-5 years of experience in progressively responsible roles.

You're skilled in financial reporting and intercompany accounting. Your background includes experience with financial reporting, consolidation accounting, and intercompany transactions.

You have technical proficiency. You're comfortable with accounting systems, data conversions, integrations, and implementations, and have hands-on experience with databases and data extraction for general ledger and financial reporting.

You're analytical and detail-oriented. You excel at conducting complex analytical assessments and documenting internal processes and controls to ensure accuracy and compliance.

You're proficient with technology. You have strong skills in Microsoft Excel, Visio, FIS/Hyperion, SAP, and Alteryx.

You have relevant credentials. A CPA designation and public accounting experience are preferred.

Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

California residents - your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $80,000- $100,000 USD for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members. #LI-TA

This job is not eligible for employment sponsorship

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

Subject to plan and program terms and conditions

What you need to know

CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

IL-Chicago, 120 S LaSalle St Fl 5

Employment Type

Regular

Weekly Hours

40

Skills

Accounting Policies, Accounting Processes, Accounting Reconciliation, Analytical Thinking, Client Counseling, Communication, Financial Reporting and Analysis, Management Reporting, Process Improvements