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 an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment. 

Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.  

With our defined-benefit pension plan, benefits, and high flexibility for work life balance - find out more about why we are annually ranked as one of Canada's top employers:  Working Here - Bank of Canada

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 dedicated analytic support for managing the accounts for the Bank entities, actively participating in the production of internal and external reports and financial statements for the Bank’s reporting entities. You will work in a dynamic and supportive environment, collaborating closely with a team of driven individuals.

As an accounting analyst, your core responsibilities will include:

• Performing the financial-close related activities: recording, analyzing, reviewing, tracking, validating and assessing the transactions and general ledger accounts, ensuring the accuracy of the account balances, within imposed deadlines for weekly and monthly reporting.
• Preparing variance analyses and providing insights into account balances and movements, making relevant connections between the financial results and the business transactions and the Bank’s policies/market interventions.
• Ensuring adherence to policies, procedures, internal controls and regulatory requirements, and provide hands-on advice and guidance pertaining to their application.
• Supporting the internal and external audits by providing documentation and explaining the accounting results and processes.
• Collaborating with internal and external stakeholders with regards to the accounting results, their appropriate recording and our systems.

You will also actively contribute to initiatives related to the introduction of new processes, accounting standards, and financial system implementation/upgrades, where you will participate to the establishment of business requirements and perform system testing. You will contribute to the development of rationale, documentation and audit files to support decisions related to regulatory and accounting practices, and support the ongoing improvement of our processes and of our internal controls by sharing your ideas and expertise. 

Please note, this poster will also be used to fill a position with an end date of December 31st, 2025.

What you need to succeed

To be successful in this role, you will need to be adaptable, with a great sense of initiative and strong analytical skills. You have experience working in accounting operations, performing monthly closes and financial reporting. The successful candidate needs to be able to work under pressure and be very organized. We need someone with an engaging personality, a solid active listener with effective oral and written communications skills, in both English and French. You will be part of a highly collaborative group, therefore you must be an effective team player with strong interpersonal skills, willing to provide expertise and constructive feedback, and contribute ideas to others to achieve common goals. Finally, you should also be comfortable working with accounting and reporting software, and be proficient with Excel.

Nice-to-have 

• general knowledge of accounting operations and International Financial Reporting Standards
• experience in portfolio management including treasury and risk management 
• experience working with SAP, Blackline, FINDUR
• 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 and a minimum of two years of relevant experience in the areas of accounting operations, month-end closing entries and processes, monthly financial reporting

or

• a minimum of five years of relevant experience in the areas of accounting operations, month-end closing entries and processes, monthly financial reporting
   

Language requirement
The Bank’s work environment is conducive to the use of both of Canada’s official languages - English and French.  The position language requirement is Level 5 (Fully Functional).  If a qualified candidate who meets the language requirement of the position is not found, a qualified candidate who does not meet the language requirement may be considered. Training may be provided to help reach the required level.  Both bilingual and unilingual candidates are encouraged to apply. 
 

What you need to know

• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability 
• Relocation assistance may be provided, if required
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
• The official title for this position is “ Analyst ”

Hybrid Work Model

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

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 $80,967 to $95,255 (job grade 15)
• The Bank offers an incentive for successfully meeting expectations at  5 to 7% of your base salary. The Bank offers additional performance pay (3%) for those who exceed expectations. 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, dental disability and life and/or accident insurance coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Indexed, defined-benefit pension

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