JOB DESCRIPTION – DRAFT

Job Title:
Intermediate Accountant
Department: Finance
Reports To: Manager, Accounting
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Why Equitable Bank?
If you’re looking for a workplace where employees are passionate about their work environment,
then read on. What sets Equitable Bank apart from other companies is its culture. We celebrate
and embrace the fabric of diversity, the employee engagement process and collectively take pride
in our business successes. Our commitment to our customers, our partners and our employees
creates a stimulating and exciting atmosphere that generates innovative products and
outstanding service quality.
About Equitable Bank
Equitable Group Inc. is a growing Canadian financial services business that serves the market
through its wholly-owned subsidiary, Equitable Bank. Equitable Bank is a federally regulated
Schedule I Bank with total assets of approximately $12 billion, 290 skilled employees and proven
capabilities in lending and deposit-taking.
Equitable Bank's integrated operations are organized according to specialty. Within Equitable
Bank's Core Lending business, Single Family Lending Services funds mortgages for owneroccupied and investment properties across Canada while Commercial Lending Services provides
mortgages on a variety of commercial properties on a national basis. Equitable Bank's
Securitization Financing business originates and securitizes insured residential mortgages under
the Canada Mortgage and Housing Corporation ("CMHC") administered National Housing Act.
Equitable Bank provides savings products including Guaranteed Investment Certificates and
savings accounts. Equitable Bank was founded in 1970 as The Equitable Trust Company.
Purpose of Job
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Prepare month-end schedules to help facilitate with the preparation of the financial
statements.
Prepare quarterly and annual notes to the financial statements.
Perform banking activities (including funding and settlement transactions related to
specific bank accounts)
Prepare ad-hoc reports as requested.
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Main Activities
1. 20%
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Banking activities as well as daily reconciliation of bank accounts;
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Daily balancing of specific general ledger accounts;
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Liaise with other departments as required;
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Identify opportunities to improve the efficiency of schedules;
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Discuss outstanding issues with Manager and provide recommendations;
2. 40%
Monthly:
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Ensure accurate and timely preparation of monthly schedules as required, (including
liquidity investment schedules- Bonds, Term Deposits, Floating Rate Notes.)
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Account for swap transactions including interest payment and receipt, accruals and fair
value calculations at month end.
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Prepare GIC subledger to general ledger reconciliation
- Assist in preparing month over month variance analysis;
- Prepare manual and adjusting journal entries as required;
3. 30%
Quarterly:
- Prepare schedules and notes to the financial statements for own areas. Assist the
Manager, Accounting in roll forward of the financials and related activities.
- Liaise with other departments and external auditors.
4. 10%
Ad-hoc:
- Develop schedules as needed by finance and other departments
Knowledge/Skill Requirements
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Detail oriented and well organized;
Experience in reconciling accounts is required;
Ability to work independently and identify and resolve issues;
Sound knowledge of Microsoft Office in particular Excel and Word;
Experience in mortgage industry will be an asset.
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Job Complexities / Thinking Challenges
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On-going, review processes to ensure work is done efficiently and on timely basis – this is
key as reporting requirements increase and deadlines tighten. Currently Excel is used for
most reports, therefore it is essential to have strong skills to assist with the development
and improvement of reports.
Ability to reconcile accounts and document processes.
Knowledge of accounting practices and internal policies to ensure information is recorded
properly.
Accountability
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Reports directly to the Manager, Accounting.
Daily tasks need to be completed accurately and on a timely basis.
Intermediate Accountant is expected to recommend solutions on how to improve
efficiencies.
Key Internal and External Contacts
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Interact with finance staff daily.
Interaction with other departments at month-end, but also throughout the month as
needed.
Interaction with banking representatives or external service providers as required.
Physical Demands / Working Conditions
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Normal office environment although at month-end there is pressure to ensure information
is provided on a timely basis therefore overtime is required.
Weekend work is necessary during quarter-end and year-end.
Equitable Bank is an equal opportunity employer and encourages applications from all
qualified candidates. While we appreciate your interest in applying, an Equitable recruiter will
only contacting leading candidates whose skills and qualifications closely matches the
requirements of the position.
To apply, please indicate both your name and the position title you are applying for in the
subject line.
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