Senior Manager, Financial Reporting & Accounting Policy

The Senior Manager, Financial Reporting & Accounting Policy is responsible for the preparation, analysis and review of Ontario Teachers’ semi-annual consolidated financial statements, annual report and related materials for the Audit & Actuarial Committee. This role’s purpose is to ensure accurate reporting on the financial position and results of operations of Ontario Teachers’ (including the impact of investment subsidiaries and administrative entities) and that accounting policies across the organization are aligned with applicable accounting and regulatory standards.

In this role you will conduct research and analysis related to the implementation of accounting policies and exercise judgment and decision making to maintain a robust control environment supporting financial reporting across the organization. You will also be involved in efficiency and effectiveness projects and initiatives related to financial reporting, internal controls, financial data integrity and finance systems/tools.

You will build strong relationships with internal business partners and senior leadership, demonstrate effective partnership and collaboration throughout the organization

Financial reporting and analysis

• Responsible for preparation and review of Ontario Teachers’ semi-annual consolidated financial statements and note disclosures, ensuring adherence to applicable accounting standards and guidelines.

• Responsible for preparation and review of the annual provincial matching report and financial information reported in Ontario Teachers’ results release, annual report and website

• Responsible for preparation of relevant materials for the executive team, Disclosure Committee meetings and Audit & Actuarial Committee meetings, as required

• Perform analysis and analytical review to respond to review comments and understand key variances and year-over-year changes in reported information

• Support Ontario Teachers’ semi-annual term debt program updates and subsequent debt issuances, in collaboration with internal legal counsel and treasury

• Coordinate annual rating agency review meetings and internal reviews of rating agency reports

• Manage the external audit process, including the mid-year review and year-end audit of the consolidated financial statements

• Implement and maintain relevant controls over financial reporting

Accounting policy

• Responsible for development, implementation, and maintenance of accounting policies in accordance with Canadian accounting standards for pension plans, IFRS and other relevant standards

• Responsible for providing technical accounting guidance and support to internal stakeholders on complex transactions and new initiatives, preparing accounting position memos and summarizing accounting treatment options and recommendations as applicable

• Monitor changes in accounting standards across various jurisdictions and assess their impact on Ontario Teachers’ consolidated and/or subsidiary reporting. Prepare and present accounting policy updates and recommendations to senior Finance leadership

• Develop and maintain a network among pension plan peers in accounting policy functions. Share ideas to promote best practices in the industry

• Collaborate with external auditors to address policy-related matters

Special projects

• Support other financial reporting requests as required (peer benchmarking, surveys, ad-hoc inquiries from users of financial data, etc.)

• Make recommendations and lead the implementation of operational improvement projects and initiatives related to financial reporting

• Support enhancements to financial data, systems and reporting, including increased use of straight-through processing and data attributes to facilitate improved internal and external reporting and analysis

• Support the execution of special projects by researching requirements, analyzing alternative solutions, assessing impacts to risks and processes, and providing a recommended course of action

• Coordinate internal audits as they arise

Management accountability

• The Senior Manager will be responsible for creating, managing, and monitoring financial reporting and internal controls workplans, organize accountabilities, deliverables, ensure adherence to deadlines and timely outcomes

• This position carries responsibility for helping manage the activities of external advisors and auditors whose activities are highly visible and impactful to the organization

• The individual must possess management leadership skills to direct and/or influence the efforts of others, as required

• Develop and mentor staff, help identify training and on the job opportunities (including cross team opportunities) to enhance ongoing professional development of staff

• Stay current on the strategic direction of Teachers’ and the Finance Division to determine how best to support those strategies

• Stay current on accounting, auditing, internal controls standards, frameworks, and industry developments

• Effective communication across teams (e.g., able to translate objectives into team’s activities), deploy change management best practices, when required

Decision making

• This position is a direct resource to senior management and is expected to evaluate complex multi-faceted accounting and finance problems and provide advice and guidance through well researched and thoughtful recommendations that enable effective decision making

• Effective decision making will require excellent analytical skills, judgment, independent and creative thinking - ability to think through problems, assess a variety of factors, and quickly implement solutions

• Makes recommendations for changes to process, internal controls, and finance technology

• Relevant university degree (accounting focus)

• CPA designation required

• Deep knowledge of International Financial Reporting Standards (IFRS) and/or Canadian accounting standards for pension plans

• Familiarity with other relevant accounting frameworks (including US, UK, Hong Kong, Singapore, and/or India) is an asset

• Experience with asset management and awareness of financial reporting best practices for pension plans and/or financial institutions

• Finance systems knowledge, experience in data structuring and development straight-through processing and reporting specifications

• A high level of tech-savviness, influencing the adoption and development of new tools and technology for reporting (e.g., FSM BI, Workiva, Power BI, Alteryx), automation (e.g., RPA), data integration (e.g., Snowflake, Python)

• Knowledge and advanced skills in PowerPoint, strong proficiency in Microsoft Excel and Word

• Ability to work with internal stakeholders and balance governance and service role

• Minimum 10+ years of related work experience in public accounting and/or financial reporting. Experience in accounting policy is an asset.

• Successful track record in people leadership and management

• Excellent communication skills and experience translating technical concepts into practical guidance

• Experience developing senior executive level communication and presentations

• Successful track record delivering on process improvements projects

• Proven ability to balance competing priorities, work independently, manage projects and competing deadlines, and thrive in a high-performance team environment

• Professional and proactive work ethic, excellent interpersonal skills and proven ability to collaborate effectively and drive consensus

• Project Management experience is an asset

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What we’re offering

• Pay-for-performance environment that offers competitive salary and incentive

• Numerous opportunities for professional growth and development

• Comprehensive employer paid benefits coverage

• Retirement income through a defined benefit pension plan

• The opportunity to invest back into the fund through our Deferred Incentive Program

• A flexible/hybrid work environment combining in office collaboration and remote working

• Competitive time off

• Our Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each year

• Employee discount programs including Edvantage and Perkopolis

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! You may be invited to complete a pre-recorded digital interview as part of your application.

Accommodations are available upon request (peopleandculture@otpp.com) for candidates with a disability taking part in the recruitment process and once hired.

Candidates must be legally entitled to work in the country where this role is located.

Ontario Teachers’ may use AI-based tools to assist in screening and assessing applicants for this position. These tools may help us identify candidates whose skills and experience align with Ontario Teachers’ objectives by analyzing information provided in resumes and applications. Our use of AI does not replace human decision-making.

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Vacancy:

Current