Financial Analyst IV

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

The Financial Analyst position within the Financial Planning & Analysis group will be responsible for consolidating quarterly forecast and annual plan for CIBC Bancorp USA, LLCs and US consolidated operations, monthly reporting and variance analysis, assisting in capital planning, and preparing the quarterly Board of Director reports.

What You’ll Be Doing

You will be part of the legal entity and management reporting consolidated reporting and planning team and will be creating presentations for executive management for the legal entity view of the Bank as well as the management reporting view.  You will manage a junior analyst and look for opportunities for process improvements, while documenting processes and ensuring proper controls are in place to meet reporting and forecasting standards.

At CIBC we enable the work environment most optimal for you to thrive in your role.  You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 3 days per week on-site, while other days will be remote.

How You'll Succeed

- Reporting & Analysis

• Preparation of the quarterly Board of Director reports and analysis. Provide insightful analysis that identifies the business drivers during the quarter and “tells the story” of the financials.    
• Provide variance analysis to executive management for US legal entities.
• Lead the effort to build and redesign reporting as part of our Finance Modernization program.

- Forecasting and Planning

• Build templates and process forecast updates to allow for the consolidation of the US legal entity view of forecasts and plan. Ensure there is proper documentation of all steps.
• Develop relationships within the global finance team to gather and understand inputs into the forecast.
• Own the executive relationship and planning, reporting, and forecasting for assigned business unit.

- Ad Hoc Analysis

• As an output to the forecast process, provide baseline capital planning reporting to Treasury on a monthly basis.
• Collaborate with the management reporting financial analysts to find efficiencies in planning both the legal entity and management reporting views.

Knowledge & Skills

• MS Excel (lookups, pivot tables and data manipulation)
• Prepare executive level PowerPoint presentations to “tell the story” of the financials and the business
• Essbase experience required; experience with business intelligence tools such as Tableau, Power BI, or QlikView is a plus, though not required
• Understand banking basics, understand a Bank’s balance sheet and P&L

• The candidate must be a self-starter with the ability to lead a team independently
• 5+ years of experience, including Financial Planning or Financial Reporting, preferably in banking industry
• Ability to prioritize and manage multiple requests, frequently working under tight time constraints
• People management skills. Candidates must be comfortable in being a manager and team leader.
• Hybrid work schedule with a minimum of 3 days in the office
• Due to the nature of financial reporting, during quarter end reporting cycles, occasional weekend work may be required. Employees receive floating vacation days when weekend work is conducted. Candidates need to be comfortable with such an arrangement.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

IL-120 S LaSalle St

Employment Type

Regular

Weekly Hours

40

Skills

Accounting, Analytical Thinking, Communication, Expense Forecasting, Expenses, Financial Reporting and Analysis, Process Improvements