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Leader of Financial Reporting

Posting Closes: March 25, 2025

Employment Status: Full-time permanent

In this leadership role, you act like a business owner and member of a united leadership team that collaborates, challenges and pivots your team(s) to capitalize on opportunities to support the collective best interest of the organization and achieve excellence. Your enterprise knowledge helps influence and contribute to strategy development and directs the work required to deliver on our purpose.

Operationally, you will set priorities, direct, and deliver organizational outcomes by collaborating with others and making tough business decisions to align tactics for strategy implementation while ensuring organizational health and success.

You are a visible cultural leader, who embraces our values and behaviors to inspire others. You create a team(s) of empowered employees, that share an organizational vision. You develop team capabilities and skills, manage team priorities, drive change processes and remove obstacles for success.

Reporting directly to the Corporate Controller, this leader is directly accountable for connecting organizational and departmental strategy to meaningful work for the team, and by delivering the outcomes and results required of a modern Credit Union.  This role is accountable for accurate and timely regulatory and external financial reporting.

 

Position Overview:

  • Oversee the preparation of the quarterly and annual external financial statements and manage the internal and external review for these documents.
  • Ensure that changes to IFRS standards have been properly assessed and appropriately applied.
  • Accountable for preparation of financial and statistical reporting to regulatory bodies.
  • Responsible for designing, implementing, and monitoring the Internal Controls Over Financial Reporting (ICOFR) COSO framework for the organization.
  • Develop accounting standards and practices for complex treasury transactions, including securitization and hedging, to ensure compliance with regulatory requirements and IFRS.
  • Location: Remote First /Hybrid.

 You have demonstrated the following essential leadership skills: 

  • Ambidextrous Leader: Lead in a rapidly changing 2-speed organization by focusing on core expertise and working knowledge of other areas of the business so that work is better aligned and assimilated across the organization. With an Entrepreneurial mindset, solve organizational opportunities and challenges through collective critical thinking using teamwork, collaboration, communication, and collective problem solving to make the right decision for the organization.  
  • Change Agility and Innovation:  Embrace proactive leadership by driving change and fostering innovation, using design thinking, data analysis, AI thinking and digital literacy to project manage and prototype ideas that strengthening networks and champion a culture of adaptability and collaboration.  
  • Operational Excellence: Manage the portfolio with efficiency, focusing on productivity, problem solving, and resource optimization by harnessing industry, business and digital solutions that deliver results. Nurture a winning mindset with self and team. 
  • Courageous Leadership:  Cultivate a culture of excellence and learning, coaching diverse and inclusive high-performing teams to be bold and thrive by demonstrating and inspiring others to live the values and behaviours of a modern credit union in a caring and emotionally intelligent way. Embrace making the right choice even when it is not easy.  
  • Accountable Decision Making: Take full ownership of decisions and results that impact the organization and department. Use paradoxical thinking to manage the tensions between short- and long-term goals; department and organizational needs; systems and people; using data, evidence, experience and judgement to guide choices to do what is right. 
  • Fiscal and Risk Responsibility: Lead responsibly ensuring the organization is profitable through strict cost management controls and identifying and proactively mitigating risks. 

Skills and Qualifications:

  • Bachelor’s degree or higher in Accounting, B. Comm or equivalent.
  • Active Chartered Professional Accountant (CPA) designation or equivalent.
  • Working knowledge of IFRS, the CPA Handbook, and the Credit Union Act.
  • Experience in preparing financial statements in accordance with IFRS.
  • 7+ years of progressively senior positions in accounting within a financial institution.
  • 3+ years of people leadership experience with a focus on developing high-performing teams, cultivating a culture of excellence and achieving operational efficiency.

Most importantly, we're looking for candidates who align with our values. We live our values in how we do business. We're not afraid to be different – in fact, we embrace our differences. We have a spirit that motivates us to give our best service to members every day. It's our values that attract many people to Servus – and keep them with us. We embrace our culture and heritage, and we pride ourselves on our strong commitment to the communities we serve and our efforts to build and maintain member loyalty. If this sounds like you, then we encourage you to apply

Working for Servus has outstanding benefits. In addition to standard benefits like health and wellness, vacation and retirement savings programs, we also provide other important benefits such as:

  • Training & Development Opportunities
  • Career Advancement Potential
  • Flexible work options
  • Competitive Compensation including performance-based incentive pay
  • Meaningful work towards individual and corporate goals 
  • Opportunities to get involved and give back through an employee volunteer program

 For information about these benefits and more, click here. 

At Servus, our employees are also members. This means you'll have all the benefits of being a member of the credit union including profit sharing, voting for the board of directors, and all of the services we provide … with a few additional perks!

What happens next?

Only those applicants selected for an interview will be contacted. Should you require any accommodations during the hiring process, please advise us at that time.

Discover a sense of belonging amongst a team of unique, authentic individuals working together to reimagine financial fitness. We value and celebrate the richness that diverse backgrounds and experiences bring to our community. Your skills, passion, and curiosity may find a sense of belonging at Servus, so even if you don’t check every box we encourage you to apply! 

What You Should Know About Leader of Financial Reporting, Servus Credit Union

Are you a passionate financial leader ready to take your career to the next level? At Servus, we're excited to announce our search for a Leader of Financial Reporting. In this vital role, you will truly act like a business owner, collaborating with a dedicated leadership team to seize opportunities and drive excellence. Your enterprise knowledge will not only influence our strategic development but will also guide your team's efforts to deliver exceptional results. You will have the responsibility of overseeing the preparation of quarterly and annual external financial statements, ensuring compliance with IFRS standards while driving accurate regulatory and external reporting. You'll cultivate an empowered workforce, capable of embracing challenges and nurturing a culture of innovation. As you report directly to the Corporate Controller, your leadership will be pivotal in connecting departmental strategies to our organization’s mission, championing operational excellence through efficiency, collaboration, and data-driven decision-making. We're looking for someone with a strong foundation in accounting principles, and you should hold an active CPA designation, showcasing your commitment to professionalism. With at least 7 years of expanding leadership experience in financial institutions, you’ll be ready to inspire high-performing teams in their pursuit of excellence. If you're looking for a position that envelopes a mix of fiscal responsibility, risk management, and nurturing team dynamics, then this is the perfect fit for you. Join Servus, where your contributions matter and where we’re committed to building communities, celebrating diversity, and achieving meaningful work together.

Frequently Asked Questions (FAQs) for Leader of Financial Reporting Role at Servus Credit Union
What are the primary responsibilities of the Leader of Financial Reporting at Servus?

As the Leader of Financial Reporting at Servus, your key responsibilities will include overseeing the preparation of quarterly and annual financial statements, ensuring compliance with IFRS standards, and managing internal and external reviews of financial documents. You'll also be accountable for timely financial reporting to regulatory bodies and will be instrumental in designing and implementing internal controls over financial reporting (ICOFR) based on the COSO framework.

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What qualifications are required for the Leader of Financial Reporting position at Servus?

To be considered for the Leader of Financial Reporting role at Servus, candidates should possess a bachelor’s degree or higher in Accounting or a related field, along with an active Chartered Professional Accountant (CPA) designation. Additionally, a strong working knowledge of IFRS, the CPA Handbook, and experience in preparing financial statements within a financial institution are essential. Candidates also need a minimum of 7 years of senior accounting experience and at least 3 years in a leadership role.

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How does Servus support its employees in the Leader of Financial Reporting position?

Servus is committed to the growth and well-being of its employees. In the Leader of Financial Reporting position, you will have access to comprehensive training and development opportunities, flexible work options, and career advancement potential. Our competitive compensation package includes performance-based incentives and a rewarding work environment that motivates you to achieve both individual and corporate goals.

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What makes leadership at Servus unique for the Leader of Financial Reporting?

At Servus, leadership is about collaboration, innovation, and empowerment. As the Leader of Financial Reporting, you will work in an environment that encourages bold decision-making and fosters a culture of excellence. You'll lead diverse teams, manage operational efficiencies, and drive change in a supportive atmosphere that values inclusivity and the unique contributions of every employee.

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What is the work culture like for the Leader of Financial Reporting at Servus?

The work culture at Servus for the Leader of Financial Reporting is collaborative and growth-oriented. We prioritize a strong sense of belonging, embrace diverse backgrounds, and celebrate the unique experiences that each team member brings. In this role, you’ll be surrounded by passionate individuals striving to reimagine financial fitness while making a meaningful impact in the community.

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Common Interview Questions for Leader of Financial Reporting
Can you explain your experience with financial reporting and how it relates to IFRS standards?

When discussing your experience with financial reporting, it's essential to highlight specific instances where you have applied IFRS standards in preparing financial statements. Discuss the complexity of the transactions you've managed, any challenges faced, and how you ensured compliance, emphasizing your attention to detail and analytical skills.

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How do you prioritize tasks and manage competing deadlines in financial reporting?

In financial reporting, effective prioritization is key. You can discuss your approach to organizing tasks based on urgency and impact, including techniques you've used such as project management tools or methodologies. Emphasize your ability to communicate with stakeholders to align priorities and maintain transparency.

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Describe a time you implemented a change in financial processes. What was the outcome?

When answering this question, provide a specific example of a change you implemented, focusing on the rationale behind it, steps taken for implementation, and the measurable outcomes. Highlight how this change improved operational efficiency or compliance and how you engaged your team in the process.

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What leadership style do you adopt when managing teams, and how do you encourage team development?

Your response should reflect your adaptable leadership style. Discuss how you balance directive and supportive approaches, emphasizing your methods for coaching and developing your team. Share specific strategies you've used to empower team members and promote a culture of continuous learning.

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How do you handle conflicting opinions within your team during financial decision-making?

It’s important to demonstrate your ability to facilitate constructive discussions. Talk about how you create an open environment for sharing ideas, encouraging debate, and using data to guide decision-making. Discuss your conflict resolution strategies and how you maintain team morale and focus on the collective goals.

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What tools or software do you find essential for financial reporting, and why?

When answering this, discuss specific financial reporting tools and software you are adept at using, such as ERP systems, advanced Excel functions, or BI tools. Explain how these tools enhance accuracy, efficiency, and collaboration in financial reporting processes.

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Can you provide an example of a regulatory compliance challenge you faced and how you tackled it?

This is a good opportunity to showcase your problem-solving skills. Describe a specific regulatory challenge, your analysis of the issue, the steps you took to address it, and the outcome. Emphasize your understanding of compliance requirements and the importance of adhering to regulations.

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In your view, what is the most significant current trend in financial reporting?

Discuss a trend that you believe is impactful, such as the increasing importance of transparency, the integration of technology in reporting, or sustainability considerations. Share your perspective on how this trend affects organizations and how you have adapted to stay ahead of these changes.

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How do you ensure that financial reports are accurate and reliable?

Your answer should detail your approach to quality control in financial reporting. Discuss methods such as regular audits, reconciliations, and reviews you implement to verify data accuracy. Emphasize the importance of teamwork and communication in maintaining high-quality financial reporting standards.

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What motivates you as a leader in financial reporting?

Reflect on your passion for financial integrity and how it impacts decision-making. Talk about your commitment to fostering team engagement and professional development, and how achieving collective goals drives you. Sharing personal anecdotes about your journey can illustrate your motivation effectively.

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Servus Credit Union, headquartered in Edmonton, Alberta, and established in 1938, is a credit union offering personal and business financial services.

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Full-time, remote
DATE POSTED
March 19, 2025

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