Accounting Director in Toronto, Ontario

Manulife


We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement

Hybrid

Job Description

The opportunity

Group Accounting is focused on ensuring the quality of our financial reporting and controls. This includes external communications and reporting, global accounting policy, reporting systems, processes and controls. The Capital Accounting, Reporting & Control team was set up to ensure accuracy and consistency for consolidation of all Manulife companies for our externally reported accounting basis (currently IFRS 17), for accounting of capital transactions, closing of the consolidated balance sheet and special projects including reorganizations, acquisitions and disposals of subsidiaries. The team also has subject matter experts pertaining to the Infor General Ledger, FX accounting and processes, consolidation accounting and the intercompany loan administration system (Kyriba).

The Director, Capital Accounting, Reporting & Control reports to the AVP, Capital Accounting, Reporting & Control and will be involved in a wide broad range of initiatives to improve financial reporting and control processes across the organization. The position requires an individual with a strong background in accounting, analysis and control. It also requires a high degree of initiative, technical and analytical expertise, the ability to work effectively with many different areas across the organization, a solid understanding of financial processes, and a strong team orientation.

The team consists of one AVP, two directors and two managers. One director position is currently vacant.

Responsibilities

The Director will be involved in and support the following responsibilities of the Capital Accounting, Reporting & Control team, including but not limited to:

  • Preparation or review of the monthly/quarterly adjustments required for FX accounting for non-functional currency loans, net investment hedges, etc.

  • Preparation or review of the entries related to the intercompany loan process, including entries into the GL and Kyriba loan administration system, reconciliations, etc.

  • Preparation or review of the quarterly calculation of FX adjustments for cash flow/non-reserve items for external disclosures

  • Assistance in the quarterly close process

  • Assistance in the SOX control process, as required

  • Preparation or review of selected schedules for external and regulatory reporting

  • Assistance in ad hoc filings, requests from internal and external sources

  • Management of the Consolidation Project for alignment of parent and subsidiaries

  • Management of the subsidiary database

  • Assistance in establishing and/or streamlining standard processes and improving controls

  • Advisory and support to segment and functional teams

Challenges

  • Analyzing, understanding and improving complex financial processes while working with multiple audiences in a rapidly changing environment

  • Developing financial processes with limited resources in a timely, efficient and well controlled fashion

  • Working with incomplete information to address issues with financial information, applying sound judgment in developing solutions and making recommendations

  • Unplanned requests for information and analysis

  • The role has a high profile and requires a great teammate to work effectively with project stakeholders across the Company

How will you create impact?

The Director, Capital Accounting, Reporting & Control will be an integral member of a cohesive productive team with subject matter experts. Along with regular production duties, there is an opportunity for exposure to major complex projects and transactions such as acquisitions, reorganizations and implementation of new accounting policies that impact the Manulife group, where successful execution is required on a time-sensitive basis.

What motivates you?

  • You obsess about customers, listen, engage and act for their benefit.

  • You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.

  • You thrive in teams and enjoy getting things done together.

  • You take ownership and build solutions, focusing on what matters.

  • You do what is right, work with integrity and speak up.

  • You share your humanity, helping us build a diverse and inclusive work environment for everyone.

What we are looking for

  • Strong financial background, with excellent problem solving and analytical skills.

  • Demonstrated competency in project management, preferably in a financial processes context

  • Strong interpersonal, communication (verbal and written) and team-building skills including the ability to work with cross-functional and cross-divisional project teams

  • Self-motivated and ability to work independently

  • Ability to manage multiple projects to balance workload

  • Strong personal computer skills with hands-on experience of Microsoft products, including Excel and Word

  • Hands-on experience with finance applications and Manulife’s financial tools including Infor GL, JETS, DART, Essbase, DODECA, Power BI

  • Accounting designation (CPA)

  • Life insurance experience is an asset

What can we offer you?

  • A competitive salary and benefits packages.

  • A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.

  • A focus on growing your career path with us.

  • Flexible work policies and strong work-life balance.

  • Professional development and leadership opportunities.

Our commitment to you

  • Values-first cultureWe lead with our Values every day and bring them to life together.

  • Boundless opportunityWe create opportunities to learn and grow at every stage of your career.

  • Continuous innovationWe invite you to help redefine the future of financial services.

  • Delivering the promise of Diversity, Equity and InclusionWe foster an inclusive workplace where everyone thrives.

  • Championing Corporate CitizenshipWe build a business that benefits all stakeholders and has a positive social and environmental impact.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges, and under ‘945’ in Hong Kong.

Manulife is an Equal Opportunity Employer

At Manulife /John Hancock , we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour , ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process . All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies . To request a reasonable accommodation in the application process, contact .

Salary & Benefits

The annual base salary for this role is listed below.

Primary Location

Toronto, Ontario

Salary range is expected to be between

$103,050.00 CAD – $185,490.00 CAD

If you are applying for this role outside of the primary location, please contact for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact for more information about U.S.-specific paid time off provisions.

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