• Senior Accountant

    Job Location US-IL-Chicago
    Posted Date 2 weeks ago(5/10/2018 9:44 AM)
    ID
    2018-4508
    # of Openings
    1
  • Overview

    CIBC provides tailored commercial, wealth management, personal, and small business financial solutions in the United States through 46 offices in 18 states, as well as cross-border banking services to clients with North American operations. Learn more at cibc.com/US.

     

    CIBC is a Toronto-based, global financial institution with a 150 year history, serving 11 million personal and business clients. We invest in our businesses, our clients, our people and our communities to deliver consistent and sustainable earnings to our shareholders. 

     

    CIBC delivers access to career and development opportunities, safe and healthy workplaces, effective training, and positive work-life balance – so that employees are able to perform at their best, contribute to their communities and focus on cultivating deeper relationships with our clients.

     

    Every year, CIBC is recognized for its business success, community commitment and employee initiatives.  We are proud of this success and are committed to creating an inclusive workplace and an environment where all employees can excel.

     

    CIBC Bank USA is an Equal Opportunity Employer M/F/Disability/Veteran

    Responsibilities

    Summary

    This position’s primary responsibility is to ensure the integrity of accounting information and legal entity books and records by preparing, recording, billing, and verifying transactions related to share-based compensation (deferred compensation arrangements, restricted stock awards, stock options and restricted stock units). This position is an integral part of the financial month end close accounting process.

    Specific Duties and Responsibilities:

    1. Prepare share-based compensation journal entries by compiling various reports and analyzing account and transactional information. Also involved in monthly reconciliation of compensation-related accounts and the billing and settlement with affiliates of liability-settled share-based compensation transactions.
    2. Prepares various share-based compensation schedules to support financial disclosures.
    3. Partners with Human Resources, Accounting Operations, Tax, and Accounting Policy, as required, to ensure that accounting over share-based compensation is comprehensive and GAAP compliant.
    4. Updates professional knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations.
    5. Has significant exposure to senior members of Finance.
    6. Provides support for other accounting-related projects as needed.

     

    Qualifications

    1. Bachelors degree in Accounting.
    2. CPA preferred
    3. Strong US GAAP accounting knowledge, including familiarity with FASB ASC 718 and related hedge accounting of share-based compensation awards.
    4. 5 + years accounting experience, with experience in multi-national organizations a plus. Experience with share-based compensation and related hedge accounting are strongly desirable.
    5. CEP (certified equity professional) level 1 or level 2 beneficial
    6. Detail oriented, well organized, and demonstrating the ability to work independently in a deadline driven environment.
    7. Broad financial, strategic and accounting knowledge. In depth subject matter and industry knowledge is beneficial.
    8. Strong leadership and analytical skills with the ability to multitask across several different projects at any given time.
    9. Must possess the ability to build and maintain relationships with stakeholders across the organization.
    10. Advanced Microsoft Excel and database management skills and general understanding of automated accounting systems. 
    11. Experience with Solium Shareworks equity award administration platform beneficial.

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