Associate Director

Job SummaryJob DescriptionWhat is the opportunity?The Associate Director role will support the Financial Control team on month end close, financial reporting and ad hoc tasks as assigned.What you will do?Manage a team of two individuals covering the following tasks:Responsible for overseeing the recording and settlements of intercompany transactions between the broker dealer and counterparts globallyWork closely with the Transfer Pricing team and global finance counterparts to ensure accuracy and consistency for intercompany transactionsPrepare intercompany loan interest schedule, book associated monthly interest and settle interest when dueResponsible for the accounting of fixed assets for the broker dealer including internal developed software (IDS)Responsible for reviewing and booking accruals for various expenses including market data, legal, audit and regulatory accruals ensuring accuracy with proper controls in placeLiaise with various operations and IT teams on compiling and subsequently amortizing multiple prepaid items including prepaid licenses and market dataWork with operations to process journal entries for clearing fees, brokerage charges and other applicable invoicesResponsible for monthly close out of FX P/L accounts to retained earningsBook equity pickup for the broker dealers subsidiaryPrepare monthly bank reconciliation for the entitys payroll accountPrepare and maintain proper supporting documentation for all journal entries processedReview assigned balance sheet accounts for illogicals, booking reclass entries where neededPrepare month end reconciliations including substantiation of assigned balance sheet accounts for monthly sign offsOversee the updating of procedures for all tasks and work on continuous process improvementsAccrue fees for regulatory assessments (SIPC, FINRA etc.)Prepare month end reconciliations including substantiation of assigned balance sheet and income statement accounts for monthly sign offsAssist with processing journal entries for the Wealth Management businessMaintain and monitor a checklist of all assigned tasks with due dates ensuring all tasks are covered on timely basisAssist with updating procedures for all tasks and work on continuous process improvementsEnsure adherence to accounting requirements and firm policiesWhat you need to succeed?Must HaveBachelors Degree in accountingPrevious managerial experience6+ years general accounting experience with fixed assets exposureExcellent communication skillsStrong analytical / problem solving skillsWell organized with the ability to work and manage multiple tasksAbility to develop and maintain relationships with teams across the firm including fixed asset support teams, finance, operations, technology, and head office teamsStrong excel skills and aptitude to learning new systemsNice to HaveKnowledge PeopleSoft general ledger preferredCPAManagerial and communication skillsJob SkillsAccounting, Auditing (Inactive), Detail-Oriented, Financial Accounting Systems, Financial Analysis and Reporting, Financial Recordkeeping, General Ledger Administration, Generally Accepted Accounting Principles (GAAP), Tax ManagementAdditional Job DetailsAddress:ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:TORONTOCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:Office of the CFOJob Type:RegularPay Type:SalariedPosted Date:2024-04-17Application Deadline:2024-05-02Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.