Director Finance and Corporate Accounting
Fidelity Canada
Toronto, Ontario, Kanada
Fidelity Canada
Toronto, Ontario, Kanada
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| Fidelity Canada |
Job Description
Who We Are
At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.
Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally.
Role Overview
The Director, Finance and Corporate Accounting will be responsible for the controllership function of Fidelity Canada which includes the combined entity and the individual business channels including the distribution, investment management and custody & clearing business. The function works closely with the various teams to provide corporate accounting and controllership support, product and client billing and corporate treasury oversight.
The individual will manage a team at Fidelity Canada’s head office in Toronto. As well, the individual will manage an offshoring team from Fidelity India which is dedicated to support Fidelity Canada’s accounting and controllership function.
This position will report to and work closely with the Vice President of Corporate Finance and be a member of the Fidelity Canada Finance management team. The Fidelity Canada Finance & Corporate Services team operates in a hybrid working environment.
What You Will Do
Who We Are
At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.
Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally.
Role Overview
The Director, Finance and Corporate Accounting will be responsible for the controllership function of Fidelity Canada which includes the combined entity and the individual business channels including the distribution, investment management and custody & clearing business. The function works closely with the various teams to provide corporate accounting and controllership support, product and client billing and corporate treasury oversight.
The individual will manage a team at Fidelity Canada’s head office in Toronto. As well, the individual will manage an offshoring team from Fidelity India which is dedicated to support Fidelity Canada’s accounting and controllership function.
This position will report to and work closely with the Vice President of Corporate Finance and be a member of the Fidelity Canada Finance management team. The Fidelity Canada Finance & Corporate Services team operates in a hybrid working environment.
What You Will Do
- Manage the Controllership function in Canada (which includes 10 individuals), work closely with the offshoring team within Fidelity India and partner with Fidelity International colleagues
- Coordinate and assist with the delivery of accounting services to the Canadian businesses, including general ledger accounting, financial reporting, regulatory reporting, and analysis of technical accounting issues and considerations.
- Work with the various finance functions and controllership to lead an effort to develop new accounting processes and controls to support the growth and changes in the businesses. Activities include establishing accounting practices for new legal entities, enhancing accounting processes over key financial statement areas (e.g. revenue, compensation, intercompany allocations), and developing improved reporting framework.
- Assist in the coordination of the external audits for all entities, including preparation of financial statements, review with management, and coordination with the external auditors.
- Oversight of the product and client billing function which is the main driver of Fidelity Canada's revenues. This includes setting up new product/client parameters, review of recurring billing cycles and working with the technology team on system enhancement requests
- Manage the intercompany reporting function which includes compiling charges for services from other Fidelity companies, maintaining of service agreements and preparing forecasts/budgets for planning purposes
- Lead the Corporate Treasury function which includes administrating day to day transactions, cash flow and working capital forecasting and facilitating the Asset Liability Committee for Fidelity Canada
- Completion of a University degree in Accounting or Finance or equivalent work experience
- CPA/CA Designation is required
- Professional experience in a Big 4 firm is preferred with subsequent experience in financial services industry
- Minimum of 7 years working experience within financial services industry
- Prior people management skills is required
- Prior experience in an accounting or controllership function which includes month end and year-end audit activities
- Deep understanding of global asset and wealth management in Canada and fundamentals in corporate treasury activities
- Strong understanding of technical accounting principles and practices
- Ability to work at different levels of detail and be able to concisely summarize complex issues
- Hands on work style - “can do” attitude with a strong desire to make things happen
- A change agent who has the ability to see the big picture and plan ahead
- Strong interpersonal skills. Ability to raise points of discussion in team settings in a constructive manner.
- Team player who takes initiative and works with peers across the organization to achieve common goals
- Excellent planning, prioritization, problem solving and organizational skills
- Broad-based leadership skills, able to direct, coach, mentor and develop talented professionals at various experience levels
- Ability to lead a team on projects and initiatives with a focus on tight deadlines.
Fidelity Canada is an equal opportunity employer
Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.
Accommodation during the application process
Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at FidelityCanadaStaffing@fidelity.ca.
No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.
Why Work at Fidelity?
We are proud to be recipients of the following
Awards
- Canada’s Top 100 Employers (5th consecutive year) 2021
- Greater Toronto’s Top Employers (9th consecutive year) 2021
- Canada’s Top Family Friendly Employer (4th consecutive year) 2021
- Imagine Canada, Caring Company
- Canada’s Top Employer For Young People 2021
- National HR Awards - Best Corporate Social Responsibility Program Award, Venngo Healthy Workplaces Award
- Workplace Benefits Awards – Health and Wellness Program
- Canadian Compassionate Companies Award
- A Canadian Compassionate Company
- An Imagine Canada Caring Company
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