Associate Director, Application Development Finance, T&O Financial Control

Job title: Associate Director, Application Development Finance, T&O Financial Control

Company: Royal Bank of Canada

Job description: What is the opportunity?

This is a critical role within the Corporate Support Technology and Operations Finance Control team. As the world of banking evolves the importance of technology has never been so important. And as technology spend increases, the accounting over that spend becomes of significant importance. As a subject matter expert, you will lead the organization in the accounting for technology expenditures, especially in the area of application development.

What will you do?

As a key member of the T&O Financial Control Team, reporting to the Director, T&O Financial Control, your responsibilities will include:

• For proposed application development projects:

• Review expected deliverables and spend to provide preliminary guidance whether expenditures are to be capitalized or expensed
• Assist business partners with documenting support for useful life assessments
• Raise accounting issues that may be present in project proposals
• Work with project managers to review actual application development expenditures for Large Programs in order to determine the percentage of spend that should be capitalized
• Lead a study to sample project spend in order to determine and support a capitalization rate that is generically applied to all application development projects that are not considered a Large Program
• Propose and implement process improvements, streamlining, standardization and controls for all of the above
• Interpret IFRS accounting standards to determine the accounting and financial reporting treatment for new, material, and/or complex, unusual transactions within T&O
• Prepare memos and presentations, as needed
• Provide training, coaching, and development to colleagues (managers) that may assist in the above
• Lead special projects as assigned by Director, Finance Control
• Manage assigned financial control responsibilities of the team

What do you need to succeed?

Must-have

• An accounting designation (CPA or equivalent from other countries)
• 5+ years of professional experience
• Direct experience accounting for application development projects
• Strong understanding of the traditional waterfall and agile project delivery methods, and the accounting implications (capital versus expense) for the components of each
• A strong understanding of IFRS accounting standards, especially IAS 38
• A self-starter who can work independently and multi-task with the ability to work through complex and ambiguous situations

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work and take on progressively greater accountabilities
• Opportunities to building close relationships with clients

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JOB SUMMARY
City: Toronto
Address: 155 Wellington Street W
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Permanent
Career Level: Experienced Hire/Professional
Pay Type: Salary + Variable Bonus
Required Travel (%): 0-25
Exempt/Non-Exempt: N/A
People Manager: No
Application Deadline: 01/29/2021
Platform: CFO Group
Req ID: 311858
Ad Code(s):

Expected salary:

Location: Toronto, ON

Job date: Sun, 17 Jan 2021 05:04:53 GMT