What you'll be doingThe Sr. Director, Insurance and Simplii Finance is responsible for financial requirements of the following groups: Insurance, Simplii, Marketing, Digital Platforms & Client Engagement, and AI, Data, and Analytics Office. The responsibilities include ensuring all financial reporting, forecasting, and analysis requirements for both PBB CFO Finance and the partner groups are met. This includes regular weekly/monthly/ quarterly/ annual reporting as well as handling ad hoc requests from both groups. In addition to ensuring all financial packages are delivered on a timely and accurate basis, also provide proactive analysis, recommendations, insight and context in support of decision making by leadership. Continuously seek to improve existing processes and work collaboratively with the Business and various teams across Finance.
At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 1-3 days per week on-site, while other days will be remote.
How you'll succeed- Management Reporting - Evaluate business unit performance through detailed analysis and interpretation of financial results and key business metrics. Work closely with the Accounting Policy and Controllership to interpret and assess the impact of management accounting policies on business results.Present and communicate effectively to executive stakeholders on the forward view of financial drivers to Insurance and Simplii businesses. Ensure reporting requirements for PBB CFO Finance are met each month and appropriate level of review with the Business is conducted. Direct, coordinate and communicate the impacts from ALCO product pricing assumptions.
- Financial and Strategic Planning - Direct, coordinate and oversee the preparation of the annual and strategic plan and quarterly latest estimates for Insurance and Simplii. Understand and articulate the drivers for the businesses, ensuring consistent market and business assumptions across product categories. Present plan/forecasts to executive stakeholders, highlighting the key drivers for revenue/expenses, assumptions, as well as the identification of material risks and opportunities
- Management Information and Analysis - Provide approval recommendations for business cases, new product/campaign launches and new business initiatives following appropriate financial review and due diligence with appropriate business stakeholders. Give trusted advice to product owners on the short and long term impacts of significant special projects/strategic partnerships. Provide accurate in-depth reporting/analysis (monthly, quarterly/annual) on sales, distribution, market productivity and market share to senior management. Identify opportunities to improve existing reporting and forecasting processes and work with key players to implement changes
- Stakeholder/Partner Relationship Management - Coordinate with partners in other areas of CIBC Finance to optimize linkages and service levels. Build understanding and acceptance of allocated costs in the recipient community by working with and providing appropriate reporting to finance and business partners.
- People Management/Leadership - Set appropriate context when assigning work to ensure that individuals' roles support the achievement of the business unit's priorities and CIBC's overall goals. Build team and individual capabilities by providing development opportunities such as job shadowing, special projects, and training. Manage performance by providing fair and accurate formal and informal feedback, identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities.
Who you are- You can demonstrate advanced knowledge of planning, costing and/or analytical procedures and techniques. In addition, you have extensive knowledge and understanding of accounting/reporting systems (EBI, Essbase), and the ability to identify, extract, and use the information to the user's advantage. Further you you have extensive knowledge of regulatory issues or complex accounting/reporting systems and the ability to identify, extract, and apply the information for others use. It's an asset if you have knowledge of mortgages and lending operations and transfer pricing methodology.
- You have a degree in accounting, finance, or related field, along with a CPA designation.
- You are a caring and accountable leader. You're passionate about developing and coaching to bring out the best in people. You have led diverse, high performing teams.
- You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
- Values matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.
#LI-TA
What CIBC OffersAt CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
- We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
- Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
- We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
Job LocationToronto-81 Bay, 23rd Floor
Employment TypeRegular
Weekly Hours37.5
SkillsAnalytical Thinking, Business Banking, Critical Thinking, Deliverables Management, Financial Reporting and Analysis, Group Problem Solving, Leadership, Project Management, Retail Banking
