About Us:
We are a dynamic and growing credit union with 11 locations across Southwestern Ontario, committed to providing exceptional financial services to our members.
We believe we have the best team in the business due to our leadership philosophy of excellence, and team development. With our full spectrum of investment, credit, and general banking instruments, our team can build the solution that is best for our customers; and since our customers are also our shareholders, this will always be our business objective!
Mainstreet Credit Union is actively seeking an experienced Financial Reporting Manager to join our growing team!
Why Join Our Team?
At Mainstreet we believe in investing in you – whether it is our employees or our incredible members. At Mainstreet we are committed to providing exceptional service, advice and improving and making a difference in the lives of our members.
Mainstreet offers its employees:
- Work-life balance and flexible work arrangements
- Opportunities for training and advancement
- Generous salary, vacation and benefits (Mainstreet is a Living Wage employer)
- Opportunity to work at a values-based cooperative
Our Values:
Personalized: High quality personalized advice with flexible solutions.
Supported: Highly responsive through empowered professionals.
Known: Meaningful impact and connected to community.
Easy: Easy and in the way our members prefer.
The Role:
Job Title: Financial Reporting Manager
Reports To: Director of Finance
Job Function:
The Financial Reporting Manager is a key leadership role within the Finance team, responsible for the accuracy, integrity, and timeliness of all financial reporting and related activities for the credit union. This includes oversight of financial statements, regulatory reporting, compliance with accounting standards, and effective financial operations such as payroll, accounts payable and receivable, and general ledger reconciliation.
Reporting to the Director of Finance, the Financial Reporting Manager leads a team of three and fosters a culture of accountability, collaboration, and continuous improvement. The role plays a critical part in ensuring reporting excellence, building leadership capacity, and supporting strategic financial initiatives that enable long-term sustainability.
Key Responsibilities:
- Lead the preparation of monthly, quarterly, and annual financial statements in accordance with IFRS and regulatory standards.
- Oversee the timely and accurate submission of internal and external financial reports, including those required by regulatory bodies, external auditors, and the Board of Directors.
- Ensure compliance with all regulatory reporting requirements, including filings with FSRA and other applicable regulators.
- Manage the implementation and ongoing maintenance of the Central 1 IFRS 9 model, ensuring accuracy and consistency in related reporting.
- Supervise and develop a high-performing team responsible for payroll, accounts payable and receivable, and general ledger reconciliation.
- Maintain and enhance internal controls, reporting frameworks, and finance-related policies to ensure compliance and mitigate financial risk.
- Assist with the annual budget process by supporting data collection, analyzing and reviewing forecast runs used to develop the budget. Utilize the budgeting system to generate projections and provide insight into variances between forecasts and budgets over time.
- Collaborate with external auditors and examiners, preparing audit documentation and managing requests and inquiries.
- Drive continuous improvement across financial operations and reporting processes, with a focus on automation and efficiency.
- Stay current with changes in accounting standards, regulatory guidance, and industry best practices to ensure proactive adaptation.
- Support strategic finance projects, including cost optimization, financial modeling, and analysis for new initiatives.
Qualifications:
- CPA designation required.
- Minimum 5 years of progressive experience in financial reporting, accounting, or audit.
- Experience leading or supervising a finance or accounting team.
- Strong technical knowledge of IFRS and regulatory reporting in the financial services or credit union sector.
- Proven ability to manage multiple priorities and stakeholders in a fast-paced environment.
- Excellent analytical, communication, and organizational skills.
- Proficiency with financial systems and tools, including Microsoft Excel, general ledger software, and reporting platforms.
Join Mainstreet Credit Union and be part of a workplace that values diversity, promotes equity, and fosters inclusion. We actively seek diverse perspectives, ensure equal opportunities for all, and cultivate a culture where every individual feels valued. Our commitment to continuous learning ensures an environment where everyone can thrive.
Mainstreet Credit Union is an equal opportunity employer. We welcome applications from candidates of all backgrounds and experiences. Accommodation is available upon request for candidates taking part in all aspects of the selection process.
*Note:
This posting is for an open vacancy.
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