Senior Accountant

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you'll be doing

Our bank relies on our group to make better decisions, plan for the future, and effectively manage its balance sheet and business as a whole. The primary accountability is to ensure the integrity of accounting information specific to various CIBC accounting functions. The role applies professional knowledge to assist in communicating value added insights through reporting and presentations to senior executives, ensuring they thoroughly understand the results, issues and trends.

At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, you'll be on-site in our Chicago, IL office three days a week.

How you'll succeed

Legal Entity Accounting

Responsible for US GAAP accounting for:

• The complete life-cycle of share-based compensation (SBC) awards, related intercompany immunization agreement activities and deferred compensation arrangements.
• All incentive compensation arrangements
• Various compensation related payments and post-employment pay elements such as sign-on bonuses, retention pay arrangements, severance arrangements and 401k annual match true-up.
• Perform controls over above listed accounting elements which includes completion of monthly responsibility checklist, monthly reconciliations and roll-forward schedules of related balance sheet GL accounts, tie outs to sub-ledger system reports, trend analysis review of related P&L and provide commentary as needed.

Legal Entity Reporting

• Responsible for complete production of annual SBC footnote for audited financial statement disclosures (AFSD).
• Provide selected data elements for intercompany footnote, derivative footnote and other selected AFSD. Monthly produce various SBC reports for delivery to tax team and various Toronto teams for local ledger

Regulatory Reporting - (FFIEC 041 Call Report)

• Provide various schedules and data elements for regulatory reporting team related to SBC, Immunization activities (i.e., embedded and/or free-standing derivatives) and maturity of contractual obligations.

Ad Hoc Projects

• Monthly provide commentary to Toronto People Cost Accounting Team regarding Bank USA SBC activities and assist as needed to facilitate IFRS accounting adjustments
• Monthly provide selected SBC data for Market Risk Reporting analysis - Quarterly, provide forecast for above areas of oversight and annually, provide budget/plan for same.
• Quarterly, provide to Accounting Ops supporting calculations of compensation and incentives for use in intercompany allocations related to Reg W compliance.
• Responsible for GL mapping decisions for Workday integration of payroll elements.
• Serve as subject matter expert to CIBC Canadian counterparts, Specialized Compensation Delivery team, HR teams, management, and plan participants.

Who you are

• You have a college degree in Business/Accounting.
• You have 3+ years of accounting / regulatory reporting experience.
• You possess a good understanding of accounting transactions.
• You demonstrate general knowledge of GAAP principles as they relate to CIBC.
• You have working knowledge of PC applications (i.e., spreadsheets, word processing, etc.) and of regulatory reporting automated solutions.
• You are detail-oriented and analytical.
• You are a strong communicator with solid presentation skills.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $85K - $105Kfor the Chicago, IL 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.

This position does not offer visa sponsorship.

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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-120 S LaSalle St, 5th Fl

Employment Type
Regular

Weekly Hours
40

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