Settlements Accountant Jobs

Join a Challenger
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 370,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform ( eqbank.ca ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.
This position’s primary purpose is to provide support to ensure the accuracy and timely operational and product related settlement services, and to provide support to the effective operation and maintenance of the Oracle GL system. Additionally, this position manages relationships and works collaboratively with various internal departments to ensure accurate and timely settlement services, as well as supports the delivery of financial information and reports to internal users such as the Senior and Executive Leadership teams, Audit and Conduct Review Committee, Board of Directors and various external regulators.
The Work

• Participating in operational projects focusing on automation, efficiency and process improvement.
• Providing second level verification for transaction processing and reporting pertaining to operational and product related settlement services.
• Providing feedback and recommendations to management and clients on efficiencies and effectiveness.
• Providing analytical and technical expertise in the area of payments.
• Providing ongoing monitoring of payments processes and controls, and making recommendations for improvements.
• Performing account analysis on the corporate credit card sub-ledger and following up with cardholders on outstanding balances
• Assisting with the testing of upgrades, interfaces and project related tasks.
• Continuous process improvements and adapting to evolving client requirements and operational functions.
• Demonstrating leadership and providing mentorship to less experienced team members.
• Mentoring and assisting less experienced staff.
• Responding to queries and helping to resolve uncleared outages in cash account by investigating and analyzing data.
• Contribute to the Controller’s Office initiatives, efficiencies or department projects by:
• Delivering to business unit service standards.
• Provide support to the effective operation and maintenance of the Oracle GL system by:
• Compiling volume statistics.
• Provide accurate, timely and relevant reporting, both internal and external by:
• Assisting with the administration of the system including performing month end procedures.
• Assisting with the administration for the corporate credit cards which includes setting up/cancelling corporate credit cards, dealing with cardholder inquiries
• Support the accuracy of financial results by:
• Building, furthering and recognizing business relationships within the department, the division and the company in order to obtain information efficiently and effectively.
• Ensuring the integrity of the information that is in the system through daily checks and follow up on missing interface files.
• Providing support and resolving issues for users of the system.
• Assisting with the development and ongoing maintenance of reports from the system.

Let's Talk About You!

• Completion of a diploma or degree in accounting. Preference is given to those who are working towards a professional accounting designation (CGA, CMA or CA).
• Advanced skills in Microsoft Excel
• Comprehensive knowledge of settlement applications and system cutoff times such as Chequepoint, Chess, AccPac, CUPS wire system, CIBC CMO, MTS wire system, Central 1 Remote Deposit Capture, SaskCentral Centralized Billing System, CAFT, Member Direct Cash Concentration, Autosweeps, Citibank wires
• Proven ability to think logically and problem solve
• Working knowledge of accounting policies and regulatory environments
• Comprehensive knowledge of financial accounting and reporting principles
• Comprehensive knowledge of general ledger applications such as Oracle
• Ability to perform research and analysis
• Two years progressive experience with financial reporting principles, policies and practices. Consideration will be given to an equivalent combination of education and experience.
• Exceptional attention to detail
• Knowledge of the credit union system and/or financial services sector would be an asset.
• Comprehensive knowledge of financial institution routing information and Concentra standing settlement instructions

What we offer [For full-time permanent roles]
💰 Competitive discretionary bonus
✨ Market leading RRSP match program
🩺 Medical, dental, vision, life, and disability benefits
📝 Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy, personal days and even a moving day
🖥 Virtual events to connect with your fellow colleagues
🎓 Annual professional development allowance and a comprehensive Career Development program
💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!