Job Information
CIBC Senior Manager, US Accounting Policy in Chicago, Illinois
We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com (https://www.cibc.com/en/about-cibc.html)
What you’ll be doing
The role is a professional responsible for ensuring proper application of US GAAP accounting pronouncements across the CIBC US region. The role manages professionals, managers and operational support employees, developing and maintaining productive and collaborative working relationships with internal and external business partners and stakeholders. This role provides financial accounting advisory services to business partners on a regular basis. The role often incorporates innovation into daily execution and management practices.
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
Responsibilities
Liaise with accountants and non-accountants in front, middle, and back office functions to ensure consistent application of US GAAP accounting principles in various topic areas including loan syndications and participations, loan modifications, nonrefundable loan fees, credit losses, marketable and non-marketable investments, goodwill, revenue recognition, derivatives and hedging, leases, stock-based compensation, and consolidation.
Research and communicate Accounting Policy's view and approach to accounting for new and existing transactions to internal and external stakeholders, including Bank executives and external auditors. Work closely with CIBC Toronto Accounting Policy to determine US GAAP to IFRS differences.
Assist with a variety of US and cross-border transactions and initiatives to ensure US GAAP accounting objectives, risks, and outcomes are appropriately considered.
Write, update, and maintain Accounting Policy requirements documents and technical accounting memoranda to support the Bank's application of US GAAP accounting rules.
Facilitate and coordinate the implementation of new accounting standards and policies to ensure compliance with US GAAP. Work closely with other Bank departments to promote awareness of new accounting standards, identify areas of impact, and assist in implementation of processes to ensure accounting requirements and operational requirements are met.
Network with accounting policy departments at other banks, industry groups, and accounting firms to stay up-to-date on industry issues and hot topics.
Qualifications
Bachelor’s degree in Accounting is required; CPA is preferred
6-8 years of experience at a Big 4 accounting firm, Bank or Financial Institution
Experience with US GAAP is essential
Strong written and verbal communication, accounting research, attention to detail & time management skills are needed
California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
What CIBC Offers
At 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*, 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
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
IL-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Accounting Policies, Accounting Standards, Communication, Deliverables Management, Executive Relationship Management, Financial Analysis and Reporting, Financial Statements, People Management
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.