Ottawa (Downtown), ON, CA
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 direction of the Senior Manager, Bank and Pension Accounting, you perform duties that are central to the processing, controls and day-to-day management of the various ledgers and investment accounts for the Bank of Canada and its two pension trust funds. These accountabilities support the production of various financial statements, investment records and reports. In your role, you ensure that the integrity of the accounts is maintained and that related policies and procedures are being adhered to. As a member of the team, you use your operational expertise and insight to advise the Senior Manager on a variety of matters including accounting practices and business process improvement. You are accurate and efficient in your work and are client-focused with your internal and external stakeholders.
As an analyst, you will:
- process transactions from various sources, systems and external parties
- generate, input and/or verify accounting entries for revenues, expenses, invoices and claims, assets, liabilities, loans and receivables, investments, accruals, and other transactions
- verify that accounting integrity is maintained for all entries affecting the consolidation of financial information
- perform reconciliation of accounts, subledgers and related system-generated transactions
- assist with the preparation of daily, weekly, monthly and year-end reports and statements
- analyze transactional data to identify irregularities, and collaborate with colleagues in taking corrective action on common and systemic problems
- analyze trends in financial accounts and provide explanations for significant variances
- collaborate with internal and external stakeholders to clarify and analyze information, and deliver assistance and services to resolve operational issues and concerns, escalating to senior colleagues when required
- provide input on accounting practices and processes
- develop and maintain business process and procedure documentation
- recommend and support business-practice improvement initiatives to streamline processes, improve controls, and enhance service delivery
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 International Financial Reporting Standards (IFRS) and/or Accounting Standards for Pension Plans (ASPP).
- experience in working with electronic accounting systems such as SAP
- understanding of investment securities, including the ability to calculate security prices, amortizations, revenue recognition and reporting thereof
Your education and experience
- bachelor’s degree or college diploma and recognized accounting designation (Chartered Professional Accountant (CPA)) or actively working toward one (with a minimum of 50 per cent of the program completed)
and
- a minimum of two years of recent work experience in reviewing month-end closing entries and processes and preparing monthly financial statements
or
- an equivalent combination of education and experience may be considered
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
- 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.
- 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.
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 $72,070 to $84,788 (job grade 14)
- 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 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 wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.