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Senior Manager, Financial Reporting & Technical Accounting

Job Description


The Finance Reporting and Corporate Accounting team is seeking a Senior Manager, Financial Reporting & Technical Accounting. The Financial Reporting and Corporate Accounting Team is a client-centric division within Finance focused on advising business unit leaders on effectively deploying capital to high-value growth initiatives and execution on business plans. It is also responsible for business unit and corporate accounting, regulatory reporting and external financial reporting across TMX Group. The ideal candidate has excellent technical accounting and analytical skills, as well as a passion for problem solving complex issues. The successful candidate is detail-oriented, self-directed, able to quickly adapt to change, can prioritize multiple tasks at once and successfully meet all internal and external deadlines. The individual should demonstrate big picture thinking, exhibit discretion in all corporate matters, take on various roles when needed, and possess a can-do attitude. Reporting to the Director, Financial Reporting & Governance, this is a key role that takes a holistic enterprise-wide view of the TMX Group financial statements and ensures the accuracy, completeness and timely completion of the month-end, quarter-end and year-end consolidated financial statements and quarterly and year-end review and approval of the MD&A, including the following: in-depth understanding of Generally Accepted Accounting Principles (GAAP) and specifically International Financial Reporting Standards (IFRS) the GAAP and IFRS expert providing updates and education to the Finance department provide guidance on complex accounting matters partner with external accounting firms as necessary lead the development and review of TMX Group financial reporting accounting policies and educate the Finance department on the application of new policies  builds relationships and works collaboratively with the finance business partners, tax team, treasury team and various non-financial departments to understand all of the inputs into the financial statements, to ensure that the appropriate accounting treatment has been consistently applied and to provide a holistic enterprise-wide view of the financial results drives and implements process improvements to all accounting processes that contribute to the TMX Group financial statements, for month-end, quarter-end and, year-end close Key Accountabilities Accounting and reporting Direct the month-end and quarter-end accounting and financial reporting for TMX Group Limited and certain subsidiaries Review and approve subsidiaries reporting deliverables and financial statements for accuracy and completeness Review of all new unusual transactions are reviewed to ensure compliance with IFRS and proper disclosure in the financial statements Perform accounting research and write memos on significant accounting matters. The memo will outline all of the different accounting alternatives based on GAAP and IFRS and an overall conclusion based on the best business decision for the TMX Group  Ensure that TMX is in compliance of all financial ratios and covenants on a monthly basis and on a forward-looking basis  Lead the internal, external, and regulatory audits by providing information, allocating requests and resolving financial statement issues Remain up to date on changing regulatory requirements and manage these changes within the team. Act as an internal consultant and provide user-friendly guidance to colleagues, partners, and external stakeholders over consolidation, divestitures, acquisitions, and new projects Foster strong relationships with all levels of management throughout the TMX Group to better understand and consult on business issues as they relate to accounting and financial disclosure Establish a strong two-way working relationship with finance peers to maintain the highest quality governance and finance deliverables Evaluate and ensure appropriate up-to-date internal controls are in place over consolidations and financial reporting Oversee the accounting and financial reporting for all future employee benefit plans including the accounting, reporting and funding Lead and approve recommendations for process improvements and participate in the implementation of projects Develop and maintain standards and templates to be used to improve the communication of information and to ensure consistency accuracy and completeness in financial reporting. Manager and developer of people Provide direct supervision - plan, align and direct the work of the team  Conduct performance reviews on a regular basis and work with staff to develop individual development plans Provide coaching, mentorship, and constructive feedback, while also recognizing employee accomplishments Process improvement champion and change agent Evaluate the existing accounting processes that are-inputs into the preparation of the financial statements and drive improvements to existing workflows resulting in improved accuracy, efficiencies and/or cost savings Evaluate the existing month-end, quarter-end and year-end processes and implements improvements that result in faster publication of the financial statements Cultivate a continuous improvement mindset within the finance department Maintain ownership of financial systems and partner with external vendor, implement new features, and lead automation projects Other Key control within the CEO/CFO certification process Assist the corporate finance & development team with any projects Integration of centralized accounting and financial reporting services arising from acquisitions Staff: 1-2 direct reports Must Have Skills: University undergraduate degree in accounting or a related field of study Canadian CPA designation (or equivalent) is required Minimum 8+ years of post-qualification experience in a public accounting firm and/or financial reporting role in a publicly accountable company Strong technical background and working knowledge of external reporting requirements and IFRS for publicly traded companies, including consolidation, foreign currency translation, revenue recognition and ICFR compliance. In depth understanding of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) Able to work effectively across organizational lines and promotes an effective team-based environment with employees and management at all levels of the organization Strong people manager and relationship builder Excellent ability to influence with a collaborative nature communication/interpersonal skill Highly analytical (ability to deal with complex issues, break down into component pieces in order to analyze appropriately) Change champion Superior MS Excel skills Good presentation skills Workday knowledge is preferred TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.