Bachelor's Degree in Business Administration or Accounting preferred
CPA, CGA, CA or CMA designation preferred
5 years of experience in accounting or analytical finance systems within financial services
Experience with cash settlement and clearing processes preferred
Oracle EPM and ERP experience preferred
Strong interpersonal and communication skills
Proven leadership skills to motivate a diverse team
Responsibilities
Provide leadership and performance management to direct reports
Ensure compliance of reporting procedures with internal control requirements
Manage the control framework for financial reporting systems
Oversee the settlement reconciliation function and address control issues
Act as the subject matter expert for financial systems and manage integrations
Collaborate with stakeholders to support departmental goals
Stay updated on finance software improvements and maintain accounting policies
Benefits
Professional development opportunities
Collaborative work environment
Exposure to senior leadership
Opportunity to influence financial processes
Potential for travel to enhance stakeholder relations
Full Job Description
Job Description
We are currently seeking a Team Lead, Finance Systems & Controls to join our team.
This is a senior technical role that ensures that the financial systems and control framework operate in a manner that meets the requirements of internal controls over financial reporting (ICFR). The Team Lead, Finance Systems & Controls acts as an advisor and subject matter expert (SME) to the business and makes recommendations on systems, settlements, reporting and internal control matters. They work with business leaders to ensure that controls that affect cash settlement and financial reporting are appropriately applied, and influence and stakeholders and team members on how to use systems to improve processes and controls. This role assigns work, reviews work, balances workload, ensures training and orientation of new staff members, evaluates performance on an ongoing basis and conducts performance reviews; and coaches, leads and acts as mentor to team members
Here's what would be included as a part of your typical day
Leadership: As a senior member of the Finance Systems and Controls team, this role provides leadership to direct reports including performance management, regular coaching, training, goal setting, performance reviews, and ongoing feedback to reinforce positive behaviors or identify and correct issues. Acts as the SME for the Finance team and other stakeholders from other areas of the business. Researches and advises stakeholders across Tru Cooperative Bank in settlement, financial systems and control matters.
Reporting: Ensures reporting procedures comply with internal control requirements and that financial reports are produced in accordance with established timelines. Implements and maintains reporting procedures to comply with internal control requirements. Identifies new reporting requirements and makes recommendations for reporting that will improve the quality and timeliness of information to the business. Develops business or technical explanatory documentation.
Controls & Compliance: Manages the control framework process that controls over G/L, other financial reporting systems and banking systems ensuring integrity of data and reporting; and maintains understanding of source systems to monitor the impact to GL systems and controls over financial reporting. Provides Finance leadership with recommendations to improve internal controls and reduce risk. Leads a team with specialized banking and systems knowledge
Settlement Reconciliation Function: Accountable for the overall effectiveness of the settlement reconciliation function. Provides leadership and oversight to the Supervisor, establishes functional priorities and performance expectations, monitors and escalates material reconciliation or control issues, and ensures appropriate action is taken to address identified risks. Partners with Finance and business stakeholders to strengthen controls, resolve complex settlement matters, and drive continuous improvement, process efficiency and effective change management.
Systems: acts as the subject matter expert of financial systems, maintains control of changes to systems. Manages integrations into financial systems. Manages the team of subject matter experts for the financial systems. Ensures integrity of controls around financial systems. Participates in identifying the impact of upcoming changes on the current business software environment.
Stakeholder Relations: Collaborates with business stakeholders and other Finance department leaders to support overall department goals and objectives. Serves as Finance Lead on organization projects, preparing updates and attending Leadership/TLT meetings. Serves as one of the main contact conduits for IT to finance for Oracle environments. Liaises and builds trusted working relationships with internal stakeholders. Influence and advise the business on the uses of systems to improve reporting and processes.
Professional Development: Continually stays up to date with Oracle and other finance specific software improvements, implements and maintains comprehensive organizational accounting/systems policy documents to improve clarity and consistency; maintains a thorough understanding of accountabilities of financial reporting; and takes on these areas as required.
Required Skills, Experience & Qualifications
Bachelor's Degree in Business Administration or Accounting preferred
CPA, CGA, CA or CMA designation preferred
5 years of experience in an accounting role or in an analytical finance system role within a service-oriented financial services organization is preferable, along with demonstrated proficiency in complex financial systems analysis and problem solving required
Experience with cash settlement and clearing process within a financial institution preferred.
Oracle EPM and ERP experience preferred
Knowledge of working in a project-oriented environment considered an asset
Some leadership experience preferred
Ability to perform complex tasks with little or no supervision; comfortable working in a fast-paced setting where meeting time-sensitive deadlines is required
Strong interpersonal skills and communication skills, with the ability to work well in a team environment
Proven leadership skills in order to lead and motivate a diverse cross-regional team
Advanced knowledge of MS Office applications (Word, PowerPoint, Outlook, Excel)
Advanced knowledge of financial systems, cash settlements and clearing, and system maintenance and integrations
Overnight travel may be occasionally required, up to 6 times per year
Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.
