Temporary Associate, Finance

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

JOB PURPOSE 

Fixed-term contract till 31 Jan 2027

KEY ACCOUNTABILITIES

Management Reporting

• Validate and report daily Profit and Loss (P&L) to Business and Head Office
• Distribute the daily CB and FLM P&L report to stakeholders.
• Support and ensure the completion and accuracy of month-end close processes.
• Manage monthly balance sheet reconciliations.
• Prepare comprehensive monthly management reports.
• Compile monthly, quarterly, and annual Head Office reports, including tax schedules, P&L/DFE true-up reporting, and supplementary information for securities and lease commitments.

Regulatory Reporting

• Prepare year-end accounts and financial statements for local subsidiaries.
• Liaise with external auditors to ensure compliance and accuracy of financial reports.
• Prepare documentation and respond to inquiries for both internal and external audit processes.
• Prepare tax-related working papers, Country-by-Country (CbC) reporting, AIIR and withholding tax computations.
• Liaise with tax agents regarding tax queries and issues.
• Prepare statistical returns for the ABS and ATO.
• Assist with the lodgment of FATCA, CRS, and insurance stamp duty.
• Review monthly Business Activity Statements (BAS), Income Activity Statements (IAS), and Fringe Benefit Tax (FBT) returns, ensuring timely lodgment.
• Maintain the Tax Fixed Asset Register and perform year-end reconciliation of tax vs accounting records.

Transaction Processing

• Prepare mark-to-market entries for FX swaps and bonds, Expected Credit Loss (ECL), tax, and incentive compensation.
• Oversee Accounts Payable and Accounts Receivable functions.
• Investigate discrepancies between source systems and the general ledger.
• Prepare and reconcile intergroup settlements, including year-end retained earnings repatriation.

Business Support

• Collaborate with team members globally across APAC, Europe, and Canada.
• Provide support and backup for team members as needed.
• Initiate process improvements to enhance efficiency across the finance function.

Projects

• Assist with finance system transformation projects.
• Ensure procedure documentation is current and comprehensive.

Skills/Knowledge/Experience Required

• Minimum of 4 years’ relevant experience within financial institutions or in a similar accounting role.
• Tertiary qualification with a CA/CPA designation.
• Excellent interpersonal and communication skills.
• Strong technical accounting knowledge with hands-on experience in month-end close and reporting.
• Advanced proficiency in Excel and strong reconciliation capabilities.
• Ability to work autonomously and meet tight deadlines.

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 [email protected]
• 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

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