Manager, Accounting

Location
North York
Salary
Up to 90,000 + benefits
Posted
September 26, 2023
Closes
October 26, 2023
Job Type
Permanent
CPA status
None/Other

Company Description

Shinhan Bank Canada is a federally regulated financial institution that is a wholly-owned subsidiary of Shinhan Bank Korea, the second-largest commercial bank in South Korea. With branches in North York, Mississauga, Thornhill, and Coquitlam in British Columbia, Shinhan Bank Canada aims to help clients prosper through their expertise while providing an environment where their people thrive and unlock their full career potential, all while enriching their communities.

Role Description

As a Manager, Accounting, you will be responsible for

  • Provide reporting to the parent bank, regulatory institutions, and senior management
  • Take a leading role in calculating monthly corporate income tax and preparing annual returns
  • Take a leading role in external audits

Reporting

  • Manage the delivery of monthly and quarterly financials (P&L and Balance Sheet) on a timely basis while ensuring data accuracy and completeness
  • Manage the delivery of timely and relevant financial performance analysis such as month-by month net income fluctuation for Senior Management
  • Review financial data to Parent bank (Shinhan Bank Korea)
  • Financial reporting to regulatory institutions (Office of Superintendent Financial Institutions, OSFI) and Bank of Canada, Statistics Canada and analysis upon OSFI’s request
  • Review Differential Premium By-law and Return of Insured Deposits (RID) and prepare the semi-annual payment to CDIC

Tax

  • Review RSP withholding tax process to CRA
  • Review withholding taxes amount regarding Parent Bank borrowing and deliver it to business support department for the payment to CRA
  • Take a leading role corporate income tax: prepare the monthly installment, calculate the monthly income tax, calculate the year-end tax due including thin capitalization impacts, and work closely with external reviewer for final filing (T2)
  • Report the tax slip returns to CRA (prepared by IT and reviewed by Branches) and follow-up any errors with CRA
  • Review CRA account balance or Notice of Assessment for tax returns and communicate with CRA for any discrepancies

Audit

  • Take a lead role in executing the annual external Financial Audit process - working closely with the company’s third party auditors
  • Prepare the audited financial statements with all disclosures
  • Prepare documents/worksheets required by auditors and provide explanation upon request

Other Accounting related work

  • Participate in ad-hoc projects to support CFO
  • Prepare new COA or change request to Parent bank and IT department
  • Advise other departments or branches for any necessary requests such as prepaid expense recognition or tax slip preparation
  • Train and guide the team members
  • Review accounting policy
  • Support reconciliation tasks when necessary

Education Requirements:

Bachelor’s degree in business related field with an emphasis in finance or accounting, or equivalent combination of education

Work Experience Requirements:

  • Minimum 5 -7 years of relevant experience
  • Strong analytical and problem solving skills
  • Excellent communication skills, both written and verbal
  • Strong computer skills and advanced excel skills are a must
  • Good organizational and communication skills to manage workload, communicate with teams and effective assist
  • Knowledge of accounting principles
  • Great organizational skills, ability to work independently and in a team environment
  • Remains flexible to withstand unpredictable changes to schedule and deadlines

Professional Certification/Membership Requirements: CPA Preferred

Language Requirements: Required: English

                                           Preferred: Korean

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