Manager, Financial Accounting and Reporting

Job Description

What is the Opportunity?

RBC Bank is a US subsidiary of Royal Bank of Canada with a passion to provide US Banking services for Canadians living, working and travelling in the United States. RBC Bank's "Cross-Border" solutions are designed to meet the unique needs and challenges Canadians face south of the border including but not limited to the ability to access and link their Canadian and US Banking accounts, perform Cross Border Transfers and leveraging their Canadian credit standing and existing banking relationships with RBC for purposes of obtaining credit/loans in the US. RBC Bank Operations is located in Raleigh, NC.

As a leader within the RBC Bank Finance team, this role participates in all aspects of RBC Bank's financial reporting, including month-end and quarter-end close processes, technical accounting research, parent reporting, annual financial statements, weekly/quarterly/annual regulatory reporting, and other ad hoc reporting as assigned. Ensure RBC Bank maintains a strong internal control environment over financial reporting and drive the timely execution, monitoring and assessment of controls and deficiencies. Role will work cross functionally to engage in process improvements and automation efforts, implementation of new accounting and regulatory guidance, and maintenance of process flows, data/system lineage, and procedures.

What will you do?

• Support the month-end financial close process.

  • Ensure all assigned activities are completed timely and evidence retained

  • Ensure compliance with accounting procedures and policies.

  • Prepare journal entries within the finance team.

  • Prepare account reconciliations and recommend attestation status

  • Recommend updates to procedures

  • Prepare schedules to support the consolidated monthly/reporting package.

  • Ensure receivables from affiliates are invoiced and wires processed accurately

  • Present financial results to the Chief Financial Officer.

• Support regulatory reporting and annual audit

  • Work directly with external and internal auditors and provide information for various audits

  • Gather information from subject-matter experts and assess accuracy and completeness of information provided

  • Prepare regulatory reports such as the weekly cash report and report of selected balance sheet items.

  • Maintain reporting procedures and ensure alignment with protocols established by RBC US Holdco.

• Support the preparation of various head office templates and reporting packages and ensure compliance with enterprise standards.

  • Maintain supporting documentation and ensure items are submitted timely.

  • Ensure new requirements are analyzed, data requirements are clearly communicated and procedures updated.

• Lead performance management production

  • Lead the production of business performance reporting. Examples include NIE reporting, flash reports, etc.

  • Prepare and input journal entries related to funds transfer pricing

  • Represent RBC Bank at monthly management meetings to discuss financial performance and business drivers.

  • Provide financial reporting transparency to management view expense allocations.

What do you need to succeed?

Must-have:

• Bachelor's Degree or equivalent combination of education and work experience

• At least 5 years of related work experience

• Intermediate MS Excel/PowerPoint/Word skills

• Ability to multi-task

• Strong communication, written and presentation skills.

• Strong organizational and planning skills.

• Comfortable in a position affording significant daily exposure to auditors, functional heads, enterprise finance groups and other senior managers.

Nice-to-have:

• CPA Certification

• Accounting experience or education

• Experience in the banking or financial services industry

• Experience in documenting, reporting and evaluating controls

• Experience with managing/coordinating an audit relationship

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

• Opportunities to build close relationships with clients

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Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.