About the role
Responsibilities
- Prepare client and product profitability (CPP) reports by consolidating data from various sources, update and upload inputs to the CPP models and validate results.
- Provide senior leadership team with informative business commentary of the client and product profitability (CPP), highlighting opportunities for growth and improvements.
- Conduct financial reviews of business cases, repricing analysis, upsell / cross-sell opportunities and ad-hoc analysis for various strategic initiatives to drive improvement in revenue and profitability.
- Assist in preparing communications and presentation for senior leadership to share insights on both scheduled and ad-hoc basis, including client dashboards, trend & scenario analysis, cost-benefit analysis, variance analysis and driver-based modeling.
- Work closely with senior leaders in Finance and business units to work cross-functionally and use data insights to drive better decision-making across the whole organization.
- Implement, maintain and enhance management reporting formats, controls and processes, in consideration of internal, regulatory and compliance requirements (i.e. Shareholders, Board, OSFI, etc.) and drive continuous improvement through automating functions and finding scalable solutions.
Qualifications
- Undergraduate business degree with or working towards a professional accounting designation (CA, CGA or CMA) or CFA or MBA
- 3-5 years of progressive experience in accounting, financial planning, analysis and management financial reporting
- Advanced skills in Excel, database knowledge (Access), and experience with Tableau
- Deep understanding of Activity Base Costing principles and application
- Strong analytical and problem-solving skills along with excellent interpersonal skills including written and oral communication ability
- Experience in a similar role preferably in the financial services industry
- Exposure to integrated ERP systems; SAP PCM or SAS CPM; data extraction (Extract, Transform, Load)
About CIBC Mellon
CIBC Mellon is dedicated to helping Canadian institutional investors and international institutional investors into Canada service their financial assets throughout the investment lifecycle. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon Corporation (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon delivers informed investment services for investment funds, pension plans, insurance companies, banks, foundations, endowments, corporations, and global financial institutions whose clients invest in Canada. As at June 30, 2024, CIBC Mellon had more than C$2.8 trillion in assets under custody and/or administration. CIBC Mellon is part of the BNY network, which as at June 30, 2024 had US$49.5 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
CIBC Mellon is a licensed user of the CIBC trademark and certain BNY trademarks, is the corporate brand of CIBC Mellon Global Securities Services Company Inc and CIBC Mellon Trust Company and may be used as a generic term to refer to either or both companies.
About the role
Responsibilities
- Prepare client and product profitability (CPP) reports by consolidating data from various sources, update and upload inputs to the CPP models and validate results.
- Provide senior leadership team with informative business commentary of the client and product profitability (CPP), highlighting opportunities for growth and improvements.
- Conduct financial reviews of business cases, repricing analysis, upsell / cross-sell opportunities and ad-hoc analysis for various strategic initiatives to drive improvement in revenue and profitability.
- Assist in preparing communications and presentation for senior leadership to share insights on both scheduled and ad-hoc basis, including client dashboards, trend & scenario analysis, cost-benefit analysis, variance analysis and driver-based modeling.
- Work closely with senior leaders in Finance and business units to work cross-functionally and use data insights to drive better decision-making across the whole organization.
- Implement, maintain and enhance management reporting formats, controls and processes, in consideration of internal, regulatory and compliance requirements (i.e. Shareholders, Board, OSFI, etc.) and drive continuous improvement through automating functions and finding scalable solutions.
Qualifications
- Undergraduate business degree with or working towards a professional accounting designation (CA, CGA or CMA) or CFA or MBA
- 3-5 years of progressive experience in accounting, financial planning, analysis and management financial reporting
- Advanced skills in Excel, database knowledge (Access), and experience with Tableau
- Deep understanding of Activity Base Costing principles and application
- Strong analytical and problem-solving skills along with excellent interpersonal skills including written and oral communication ability
- Experience in a similar role preferably in the financial services industry
- Exposure to integrated ERP systems; SAP PCM or SAS CPM; data extraction (Extract, Transform, Load)
About CIBC Mellon
CIBC Mellon is dedicated to helping Canadian institutional investors and international institutional investors into Canada service their financial assets throughout the investment lifecycle. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon Corporation (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon delivers informed investment services for investment funds, pension plans, insurance companies, banks, foundations, endowments, corporations, and global financial institutions whose clients invest in Canada. As at June 30, 2024, CIBC Mellon had more than C$2.8 trillion in assets under custody and/or administration. CIBC Mellon is part of the BNY network, which as at June 30, 2024 had US$49.5 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
CIBC Mellon is a licensed user of the CIBC trademark and certain BNY trademarks, is the corporate brand of CIBC Mellon Global Securities Services Company Inc and CIBC Mellon Trust Company and may be used as a generic term to refer to either or both companies.