Accountant III

Time left to apply: End Date: November 14, 2024 (24 days left to apply)

Job Requisition ID: 2422448

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

JOB DESCRIPTION

The Accountant III is a dual accounting and tax role. This position will report to the U.S. Region Senior Manager Credit Control as well as U.S. Tax Director and will be a leading contributor and serve as key point of contact to Equipment Finance business. As part of the U.S. Finance team this position will be responsible for accounting, tax, reporting, and internal controls with respect to the Equipment Finance business.

RESPONSIBILITIES

• Review loan vs lease classification for any new deal
• Review operating vs financing lease for all new leases
• Perform control function of ensuring lease/loan schedule reviewed by Finance are properly set up in Aspire
• Perform journal entries for cash movements that impact EF customers, funding to the EF entity, finding new leases/loans
• Perform monthly EF GL reconciliations and verification of syndication revenues
• Perform SOX control functions for controls that reside within Finance for EF
• Determine tax life for assets; MACRS rates for tax depreciation
• Determine bonus depreciation eligibility by state
• Prepare federal and state income tax returns
• Determine onstream / upfront SUT
• Review SUT returns and coordinate payment
• Review PPT filings and coordinate payment

QUALIFICATIONS

• Bachelor’s degree in Finance or Accounting
• 3-5 years business related experience
• Equipment Finance experience a plus
• Working knowledge of US GAAP, particularly related to lease accounting
• Prior tax experience a plus
• Ability to develop and maintain close working relationships with internal stakeholders
• Excellent oral and written communication skills
• Strong organizational skills, including ability to prioritize multiple simultaneous tasks
• Attention to detail while demonstrating the ability to think critically and see the big picture

At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:

• Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
• Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
• Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.
• Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits program, retirement savings, and more.

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact
• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location: IL-120 S LaSalle St, 5th Fl

Employment Type: Regular

Weekly Hours: 40

Skills: Accounting Policies, Accounting Processes, Analytical Thinking, Client Counseling, Communication, Financial Reporting and Analysis, Management Reporting, Process Improvements, Reconciliations.

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.