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Requisition Number:  6064
Position Type:  Term
Position Length:  12 months (extension / permanent possible)
Location: 

Ottawa (Downtown), ON, CA

Closing Date:  June 18, 2021, 23:59 EST

Diversity and Inclusion
As one of Canada’s Top 100 Employers, we offer you a superior work environment that allows you to reach your full potential both professionally and personally. We make career growth and professional development a priority. We are committed to developing inclusive, barrier-free recruitment and selection processes, and a work environment that supports our diverse workforce.

Let our team know if you need accommodation or support during the recruitment process due to a disability or other reason. We can provide support in multiple ways, from using this site and submitting your application, right through to the interview process. If you are the successful candidate, you can also discuss accommodation needs when you receive your offer.

Contact accessiblecareers@bankofcanada.ca to discuss how.

Accounting Analyst


Take a central role
The Bank of Canada has a vision to be “a leading central bank—dynamic, engaged and trusted—committed to a better Canada.” No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in a diverse and inclusive organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in an environment where we are reinventing central banking, renewing ways of doing business and reinforcing a culture of innovation.

 

Find out more about the next steps in our Recruitment process

 

What you will do 
Under the general direction of the Manager, the Accounting Analyst provides the primary dedicated analytic support for managing the accounts for the Bank entities. The Accounting Analyst also provides analytic support by recording, analyzing, reviewing, tracking, validating and assessing the transactions and general ledger accounts. The position provides practical hands-on advice and guidance pertaining to the application of policies and procedures. You also perform duties that are central to the processing, controls, and day-to-day management of the General Ledger and sub-ledgers. These accountabilities support the production of various internal and external reports and financial statements for the Bank’s different reporting entities. 

 

As the Analyst you will:

 

  • continually monitor transactions, adjustments and accruals within a complex and dynamic accounting environment to ensure adherence to policies, procedures and regulatory requirements and will reconcile significant accounts on a cyclical basis. 
  • review and reconcile the accounts with respect to current policies and procedures, and reconcile balances with a perspective to accounting requirements, accuracy and materiality.
  • ensure the accuracy of account balances, that the transactions are recorded in a timely and efficient manner, and are completed within deadlines, supporting internal and external reporting requirements.
  • analyze business transactions, understand impacts on operations and develop analytical procedures to assess the reasonableness of the results
  • contribute to the development of projects to address data collection, recognition and reporting requirements relating to factors such as the introduction of new processes, business requirements and accounting standards
  • contribute to the development of rationale, documentation and audit files to support decisions related to regulatory and accounting practices 
  • take part in the assessment of electronic financial systems such as SAP and FINDUR that will include identifying system requirements, upgrades and testing
  • collaborate with key internal and external stakeholders with respect to the efficient management of the accounting and related departments.

 

What you need to succeed
We are looking for someone who:

  • is adaptable, independent and has great initiative.
  • seeks and analyzes information to define problems and draw logical conclusions. 
  • well-organized to ensure deliverables are met while being able to identify, consolidate, prioritize issues and translate them into plans in the interest and support of the directors and their teams. 
  • is detailed oriented and can plan for quality control.
  • is a solid active listener with effective oral and written communications skills.  
  • is a team player with solid interpersonal skills, willing to provide expertise and constructive feedback, and contribute ideas to others to achieve common goals. 
  • has advanced computer skills to work with spreadsheet programs, presentation software and planning tools. 

 

Nice-to-have 

  • general knowledge of accounting operations and International Financial Reporting Standards
  • experience in portfolio management including treasury and risk management 
  • experience in working with electronic accounting systems such as SAP
  • experience providing analytical support or reviewing month-end closing entries and processes
  • experience in assessing and documenting internal controls
  • relevant experience in a consultative and advisory work environment
  • understanding of investment securities, including the ability to calculate security prices, amortizations, revenue recognition and reporting thereof

 

Your education and experience
CPA designation (CA, CMA or CGA), with an active membership in good standing or currently working towards an accounting designation with a minimum of two to three years of relevant experience in the areas of accounting operations, month-end closing entries and processes, montly financial reporting. An equivalent combination of decuation and experience may be considered.

 

What you need to know

  • Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
  • Priority will be given to Canadian citizens and permanent residents
  • Security level required: Reliability 
  • You will work remotely from any location within Canada while the Bank operates under mandatory telework. Flexibility for remote work for the duration of the term may be granted.
  • There will be no relocation assistance provided
  • Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
  • In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.  
  • The official title for this position is “Analyst”

 

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

 

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider

 

  • Salaries are based on qualifications and experience and typically range from $71,300 to $83,800 (job grade 15)
  • Depending on performance, you may be eligible for performance pay for successfully meeting (5 to 7% of your base salary) or for exceeding expectations (10% of your base salary). Exceptional performers who far exceed expectations may be eligible for higher performance pay.
  • Flexible and comprehensive benefits so you can choose the level of health and dental coverage that meets your needs
  • Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
  • Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service

 

We strive to make our policies, programs and workplace more inclusive, respectful and barrier-free. We encourage applications from women, Indigenous peoples, veterans, persons with disabilities, members of visible minorities and persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions. #LI-POST