VP – Head of P&L Reconciliation

Permanent job offered at Downtown Montreal

Reference number

2021-0275

Salary

Market + benefits

Details

  • Public Financial Statements
  • IFRS
  • Accounting complexity – P&L, Rules & Norms

Description

Our client, a large publicly traded international financial institution, is looking for a VP - Head of P&L Reconciliation to join their team. You will report to a very open and approachable manager who promotes a great work environment. Cielo has a good reputation within this company for placing many talented individuals. The position is offered remotely.

 

 

As a VP - Head of P&L Reconciliation, you will not only be involved in the accounting of the company but also in the business component of it. Within your role, you will perform monthly reconciliations between the official management P&L produced by the middle office groups and the financial ledgers, for some designated business lines and activities. You will also investigate the discrepancies arising from the reconciliation work, including the management of interactions between Product Accounting and the Middle Office, Back Office and other Finance groups. You will have a great opportunity to interact with all business units and communicate your suggestions to Higher Management. Moreover, you will control that the net internal funding is balanced at the entity level for internal funding reconciliation, control the P&L allocated to Capital Market and Treasury activities in HO management tool (Paradigm) as compared with the reconciled ones. You will greatly be involved within the company because you will prepare quarterly and monthly reconciliation presentations in coordination with the financial and management accounting teams of the Finance Department and participate in monthly P&L reconciliation meetings. Furthermore, you will run, on a monthly basis, FX reconciliation between accounting FX exposures and management ones for Capital Market activities, and, based on this reconciliation, interact with Finance production to initialize end of month FX sell down.

 

This is a great opportunity for you to have an impact within a company since you will enhance and optimize the P&L reconciliation process by implementing appropriate tailor‐made IT tools, maintaining updated process guidelines and monitoring list of improvements expected to be done at the Operations and/or Finance production levels. By doing so, you will contribute to facilitate and secure the P&L reconciliation process. You will also get to streamline current processes by implementing new templates and/or new tools where needed. This is an opportunity for you to have great exposure within a company and make important links between accounting and business.

Profile

Bilingual CPA with a minimum of 8 years of experience, who has done audit for a firm and/or has experience in the industry of finances. The ideal candidate has experience in financial institutions and financial products, P&L (or treasury), experience in the external audit of banking and capital markets. The candidate and has good IFRS knowledge and advance knowledge of Excel. We are looking for someone who is proactive, rigorous, results-driven, and has an excellent ability to communicate and give presentations. The latter is interested in having an impact and to contribute positively to a business.

About us

CIELO is a recruitment firm specializing in finance, accounting and management in Quebec, Canada and internationally. Our head office is located in downtown Montreal. Only successful candidates will be invited to an interview. We would like to thank all the candidates for showing interest in this position. The masculine form is used to lighten the text.

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