Business Development Bank of Canada

SPECIALIST, FINANCIAL REPORTING

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • CPA designation required
  • 5+ years of experience in financial reporting, accounting, or auditing
  • Strong knowledge of IFRS accounting standards
  • Excellent attention to detail and analytical abilities
  • Demonstrated ability to manage multiple tight deadlines
  • Effective teamwork and interpersonal skills
  • Bilingual in French and English with exceptional communication skills
  • High proficiency in Excel; familiarity with financial systems like PeopleSoft

Responsibilities

  • Coordinate and prepare financial reporting deliverables on a timely basis
  • Prepare consolidated and non-consolidated financial statements compliant with IFRS
  • Contribute to Management Discussion and Analysis for quarterly and annual reports
  • Develop executive dashboards and reporting packages for stakeholders
  • Serve as point of contact for auditor inquiries and provide accurate information
  • Analyze new IFRS standards and assess their financial reporting implications
  • Monitor and report on Internal Capital Adequacy and RORAC monthly
  • Collaborate with Portfolio Management to ensure accurate capital reporting

Benefits

  • Opportunity to work with AI-enabled tools for reporting efficiency
  • Actively participate in continuous improvement initiatives
  • Exposure to diverse financial management areas including capital management and compliance
  • Engagement with internal and external stakeholders for professional growth
  • Promotion of teamwork and collaboration within a specialized reporting team
Full Job Description
POSITION OVERVIEW

The Specialist, Financial Reporting is responsible for contributing to the preparation and delivery of BDC's financial reporting deliverables on a monthly, quarterly and annual basis. The incumbent also monitors and reports on BDC's Capital Management and participates in the analysis and implementation of new IFRS accounting standards.

The Specialist, Financial Reporting also serves as the functional leader of the Financial Reporting team. In this capacity, the Specialist coordinates the team's deliverables, ensuring they are completed on time and meet established quality standards. The Specialist also acts as the main point of contact for internal and external stakeholders and is responsible for assigning tasks among team members.

CHALLENGES TO BE MET
  • Responsible for the coordination and preparation of timely, accurate and reliable financial reporting deliverables (monthly, quarterly and annual), using AI-enabled tools when possible to enhance efficiency and accuracy, in collaboration with team members, ensuring compliance with reporting requirements and internal standards.
  • Responsible for the coordination and preparation of timely, accurate and reliable consolidated and non-consolidated financial statements and financial reports-including all quarterly and year-end financial statements, including the notes to the financial statements for BDC, its subsidiary, and other entities under management. Ensures their compliance with International Financial Reporting Standards (IFRS).
  • Contribute to the quarterly and annual preparation of Management Discussion and Analysis and other sections of the Annual Report.
  • Responsible for the coordination and preparation of key deliverables including executive dashboards, reporting packages, Audit Committee and Board presentations and other regulatory and government reporting deliverables.
  • Acts as the point of contact for inquiries and requests from internal and external auditors, providing timely, accurate, and well-supported information.
  • Prepare accounting analyses on new IFRS accounting standards, assessing their impact on financial reporting and supporting their implementation.
  • Monitor and report results on BDC's Internal Capital Adequacy and RORAC on a monthly basis.
  • Reconcile Portfolio Risk Management and CFAR economic capital calculations and RORAC.
  • Liaise with the Portfolio Management team to share expertise, resolve issues and ensure coordination of capital and RORAC reporting.
  • Acts as the point of contact for ad hoc analyses and reporting requests to support management decision-making.
  • Actively participate in continuous improvement initiatives by identifying opportunities to enhance reporting processes, tools and efficiency, including the adoption and integration of AI and automation solutions


WHAT WE ARE LOOKING FOR
  • CPA designation
  • 5+ years' experience in financial reporting, accounting and/or auditing
  • Strong understanding of IFRS accounting standards and financial reporting process
  • Strong attention to detail and analytical skills
  • Ability to manage multiple deliverables and meet tight deadlines
  • Strong teamwork and interpersonal skills, ability to obtain information and communicate issues and requests to others effectively, ability to foster relationships with internal customers
  • Strong written and verbal communication skills in French and English
  • High proficiency in Excel and familiarity with financial systems (e.g., PeopleSoft)
  • Capacity to learn new financial systems and willingness to adopt AI and automation solutions

About Business Development Bank of Canada

The Business Development Bank of Canada (BDC) is a federal Crown corporation that provides financing, advisory services, and capital to Canadian businesses. The bank was founded in 1944 and is headquartered in Montreal, Quebec. BDC offers a range of financial services, including loans, venture capital, and consulting services. The bank focuses on small and medium-sized businesses, and has a particular emphasis on supporting entrepreneurs and startups. BDC has offices across Canada and works with businesses in a variety of industries, including manufacturing, technology, and services.
Learn more about Business Development Bank of Canada
Size
2,000 employees
Industry

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