Director, Financial Market Accounting Specialist-Balance Sheet Certifications

 Montreal, Canada       Permanent contract        Corporate Finance / Accounting

Responsibilities

Primary tasks include but are not limited to the following. While production for most of these tasks is off-shore, the team is responsible for oversight and management of the off-shore staff, and for the resolution of any issues, and the final product.

 

Monthly certification of accounting aggregates (under French Gaap and IFRS)

• Consistency of the Economic and Accounting results

• Analytical review of Results and Balance Sheet variances, under Business, Products and Legal Entities axes

• Pinpoint anomalies, risks areas and implementation of ad-hoc action plans


Continuous improvement of accounting/management accounting reconciliation

• Work transversally across the different Finance, IT and Operations teams to assist in reconciling various control related issues. Mainly flows between sub-systems and the General Ledger.

• Identify root causes of different control break issues & partner with Finance, IT and Operations teams business partners to put remedial solutions in place.

• Represent the team as a subject matter expert on projects and initiatives.

• Clearing of variances between accounting data and management accounting data

• Organization of priorities in analyses and remediation of anomalies; Suggestion of action plans

• Optimization of all processes towards continuous improvements in reliability and timeliness


Monitoring of Major accounting aggregates

• Monitoring and supervision of the economic v. accounting results control framework 

• Consolidation of data and distribution of monthly reports to Management and External auditors

• Participation or supervision of Closing periods according to SG’s governance.


Profile Required

Technical Skills

• Strong working knowledge of diverse Capital Markets products.

• Experience with reconciliations within a banking or financial institution.

• Accounting skills: reliability of accounting results; Control of transactional banking accounting

• Regulatory knowledge: Accounting, normative and prudential

• Understanding of risks and valuation: calculation of variances resulting from valuation methods

• Financial products: analysis of differences in results between Economic and Accounting norms; Understanding of the impacts of financial products lifecycle (and business line specifics)

• Knowledge and understanding of accounting processes: upstream issues identification/remediation; front/back/accounting processes optimization


Competencies

• English: required for interaction with NY and off-shore teams

• IT/Office: Superior Excel skills, Common Word and PowerPoint skills

• Ability to pinpoint root cause issues & implement both tactical and strategic solutions.

• Effective problem solving and analytical skills.

• Ability to work as a team player.

• Ability to effectively communicate (verbal and written).

• Good documentation skills.

• Strong organizational, time-management, and multi-tasking skills.

• Experience working with strict deadlines (i.e. month-end close process).

Prior Work Experience

Recruiting for various levels of seniority: 1 to 10 years of relevant industry experience, specifically related to Accounting & Controls and reconciliations.


Education

BA --- Accounting, Finance or equivalent industry experience.




Business Insight

The Finance Department of Global Banking and Investor Solutions (GBIS), is a global organization with local presence, providing the same set of services through global and efficient processes and consistent norms, leveraging on production hubs. Our Core Missions are: Quality and timeliness of GBIS financial statements; Assisting GBIS management and all Business Lines in their steering with actionable reports on financial performance and forecasts; Independent certification of all financial aggregates; Financial communication and constant benchmarking; Providing expertise on accounting, prudential and tax norms and ensuring compliance vis-a-vis these norms.


The Accounting (DFIN/MAR/ACC) group mainly supports the MARK business lines for GBIS. The group is accountable for the independent production and certification of the accounting quality for Profit & Loss (P&L) and Balance Sheet on a daily and monthly basis. Specifically, the P&L certification (PSL) team is in a charge of the reconciliations between Accounting and Economic/Management results, the analytical review of the Business lines results and associated trends and owns the framework of controls and certification of the results. 



We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 19000EAU
Business unit: SG CIB
Starting date: Immediate
Date of publication: 28/09/2019
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Director, Financial Market Accounting Specialist-Balance Sheet Certifications

Permanent contract   |   Montreal   |   Corporate Finance / Accounting