Financial Analyst recruitment

APPLICATION INSTRUCTIONS:
1. Resumes must be submitted online only, through http://www.cibc.com/ca/inside-cibc/careers.html. Quoting job reference number J0312-0530.  All interested candidates must submit their profile by clicking on the "apply" button below; please do not email your application to the recruiter or hiring manager.
2. Posting Deadline is April 15, 2012.  Late submissions will not be accepted.
3. CIBC thanks all applicants for their interest, however, only those selected for an interview will be contacted.
4. Please note that if you are selected for an interview, due to volumes of applicants, you may not be contacted immediately.
5. Meeting the minimum requirements of the vacancy will not guarantee an interview.
6. If you are not selected for an interview, you will receive an e-mail advising you that the position has been filled.

PURPOSE OF THE ROLE:

Financial Analysis is a broad, multi-disciplinary, knowledge-based, and strategic discipline. A strong combination of financial, analytic, technical and communications skills is required. Principal clients of the Project Reporting Office are the Strategic Project Office, (“SPO”) the Enterprise Project Management Office (“EPMO”), the CIBC project community and the Corporate CFO.

The successful candidate will be an integral part of the Project Reporting Office (“PRO”) providing support to the Senior Director. The position allows the successful candidate to gain exposure to projects across CIBC, manage the Project Reporting Facility, and be involved in the design and production project-related reporting and policies for the organization.

The working environment is dynamic and fast paced.

KEY ACCOUNTABILITIES:

The following are some of the major areas / activities / deliverables of the Project Reporting Office in which the successful candidate will be involved:

1. Analysis, Reporting and Monitoring of Total Bank Project Portfolio
The PRF is the central repository of certain financial and non-financial information for projects.

The Financial Analyst will be relied upon to use the data in the PRF to provide analysis and insight into the performance of the project portfolio at CIBC. This will include the preparation of monthly and quarterly reporting for the SPO and Senior Executive Team (“SET”).

2. Review of Financial Information for SPO-Approved Projects
For projects with a total investment cost $1MM that require approval by the SPO, the PRO will undertake a review of the financial information to ensure consistency and accuracy.

The Financial Analyst will work closely with the Director and the finance representative of project teams to review, provide feedback and monitor the financial information of projects.

3. Annual Project Planning Process
The SPO oversees the annual bank wide project planning process. The PRO coordinates the process on behalf of the SPO.

The Financial Analyst will participate in the annual project planning process, working closely with the Senior Director to develop the process and coordinate with groups across the bank. The Financial Analyst will compile the inputs and prepare consolidated summaries and analyses for the SPO for their deliberations.

4. Oversight and Maintenance of the CIBC Project Reporting Facility (PRF)
The PRF is the central repository of certain financial and non-financial information for projects. The data in the PRF forms the basis for much of the project-related reporting prepared for the SET, the SPO and other Senior Executives.

The Financial Analyst will develop into a subject matter expert on the PRF. Responsibilities will include coordinating maintenance and enhancements with Finance Technology and providing support to users within the project community. In addition the Financial Analyst will participate in monthly reviews of the feed of capital purchase information from PeopleSoft.

5. Legal Entity Transfer Pricing Report
On a quarterly basis, the PRO prepares data and analyses for use by the Legal Entity and Tax Transfer Pricing is uses information from the Project Reporting Facility to assist in the preparation of the legal entity transfer pricing report.

6. Ad-hoc Financial Maintenance, Analysis and Support
The PRO is the owner of documents (e.g. policy, templates, etc.) related to project approvals, monitoring and analysis at CIBC. The Financial Analyst will participate in the maintenance of these documents.

The PRO is responsible for creating various recurring and one-time analyses / reports. The Financial Analyst will be responsible for the production and quality control of these analyses / reports.

From time to time the Financial Analyst will also provide support to other members of the of the Financial Analysis and Project Reporting Office.

Requirements:
KNOWLEDGE SKILLS:

• Equivalent to University completion in Business/Accounting. Recognized professional accounting designation (e.g. CA, CMA, CGA) or MBA an asset
• High degree of judgment required to plan, research and interpret results
• High degree of flexibility and creativity required to adapt to a constantly changing environment, and to develop and adapt financial procedures and processes to meet such changes
• Strong relationship building, management and planning skills required
• Exceptional interpersonal, presentation, oral, and written communication skills to convey complex factual and conceptual information/ideas on issues requiring extensive interpretation and objectivity to promote the interests of CIBC
• Knowledge of/proven experience in Microsoft Office (especially Excel and PowerPoint)
• Familiarity with CIBC's reporting structure and systems (PRF, Essbase, FAR/MAR) an asset
• Strong financial analysis skills
• Results oriented and initiative driven
• Ability to effectively manage multiple activities of varying complexity while under time constraints

JOB COMPLEXITIES CHALLENGES:

• Ability to adapt quickly to changing situations and tight timelines to adjust schedules and plans to accommodate management or stakeholder requirements, while remaining focused on best in class deliverable execution. This often results in significant unplanned overtime
• Ability to synthesize complex information from multiple sources to formulate thought provoking presentations to the SPO and SET, often with little forewarning and little time to prepare
• Understanding of project management and the project life cycle
• Ability to manage relationships
• Ability to respond to a rapidly changing environment with conflicting priorities
• Liaise with CIBC Finance and project team clients in a professional and diplomatic manner