Salary
≈ $42k – $126k per year (Estimated)
Location
Remote/Hybrid (Toronto, Canada)
Seniority
Intern
Employment
Internship
Overview
Company
Impact
Profile match
Equitable Bank is a Canadian Schedule I bank and the country's seventh largest by assets, held as a wholly owned subsidiary of the listed parent group EQB. It specialises in residential and commercial real estate lending, reverse mortgages, and savings and investment products, and serves personal customers through its digital arm EQ Bank. Founded in 1970 as The Equitable Trust Company and headquartered in Toronto, it manages tens of billions of dollars in combined assets and hires credit, treasury, technology and operations staff in Toronto, Montreal and Vancouver.
Work Term: January - April 2027
As a Financial Analyst Intern, you will be responsible for the accounting processes for PC Bank and PC Insurance payroll, expense reports and intercompany transactions as well as the month end processes for PC insurance entities. This includes the booking of journal entries, performing monthly reconciliations and processing payroll vendor payments on time and accurately. To fulfill these tasks, the role would require active coordination with Payroll, Treasury , other finance teams and vendors as required
The Core Responsibilities of the Job
- Timely preparation of the bi-weekly payroll journal entries for PC Insurance and PC Bank including the review of the mapping of the payroll register to the correct General ledger accounts.
- Timely preparation of the bi-weekly Expense reporting journal entries for PC Insurance and PC Bank
- Performing payroll reconciliations and analysis of the monthly payroll costs and raising issues or concerns to the Director on a timely basis
- Processing payroll vendor payments in coordination with the payroll, finance and treasury teams.
- Responsible for the PC insurance month end process including booking all journal entries and performing reconciliations and analysis of actuals to budget variances in conjunction with other finance teams
- Booking intercompany entries for PC Bank and PC Insurance as assigned and reconciling the intercompany account and coordinating with other finance teams to align on the intercompany balances.
- Support accounting automation initiatives and drive continuous improvement to create process efficiencies and reducing manual processes
- Ad hoc requests and reporting as required
Let's Talk About You!
- Post-secondary education in Business, Accounting or Finance
- A CPA designation or in process of obtaining one or related equivalent international designation
- A minimum of 1-2 years of related accounting and finance experience - preferably in payroll accounting, month end processing and reconciliations
- Intermediate to Advanced MS excel
- Experience with SAP is an asset
- An aptitude for figures and strong attention to detail
- Good relationship management, interpersonal and communication skills
- Excellent time management and analytical skills
- Entry level hard and soft skills as well as personality traits Basic understanding of the role to start and then working knowledge of the department/function in a few weeks to effectively deal with day-to-day issues
- Communication skills required:
- Straight forward communication skills required including providing information, attending internal meetings, composing letters, completing forms
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