January 27, 2019
Reporting to the Director, Finance, Reporting and Compliance, the Manager, Finance, Reporting and Compliance has significant responsibilities associated with the global oversight and execution of external quarterly and annual consolidated financial statements, external financial statement audit, accounting policies, estimates, judgments and treatments, administration of accounting policies, SOX compliance and remediation, communication with mine site accounting teams in Coal, and Energy and training of accounting staff. The Manager also oversees the Corporate accounting function at head office.
This role requires a close working relationship with other senior leaders in the finance group, mine site controllers and business units. Communication with senior executives, tax department, legal department, treasury department and various sites is required to ensure timely receipt and completion of financial reporting. This position has frequent contact with mine site controllers on accounting issues, internal control issues, contract review and accounting policy interpretations/application. This position assists the Director in supporting the Business Development and Treasury departments in understanding the financial implications of contemplated arrangements and structures, including acquisitions, divestitures, financing and hedging. Responsibilities
- Be a courageous safety leader, adhere to and sponsor safety and environmental rules and procedures
- Managing two direct reports and two indirect reports in both technical and corporate accounting, the Manager, Finance, Reporting and Compliance has significant responsibilities associated with the global oversight and execution of the items noted below. The Manager takes the primary role of planning, implementation, execution and review of complex accounting, mine site communication (Energy and Coal), transaction advisor to Business Development and training and SOX compliance.
- Preparation and review of quarterly and annual consolidated financial statements and notes.
- Assess whether disclosures are in compliance with disclosure requirements and accounting policies and propose adequate disclosures for Director to approve.
- Review the Consolidated Comprehensive Income Statement, Consolidated Statement of Changes in Equity and Equity disclosures.
- Review a number of consolidated financial statement note disclosures on a quarterly and annual basis.
- Understand and develop accounting positions relating to new business issues that may require different or complex accounting treatments
- Attend regular meetings with Site Controllers.
- Keep up to date with business activities identified through the Director's regular meetings with functional groups including; Tax, Treasury, Legal, Business Development, Marketing and Sustainability and Corporate affairs.
- Improve systems and structures to identify and dispose of these issues.
- Communicate with senior management and the Audit Committee on the accounting treatments for these new issues.
- Lead a senior technical accountant in their role in technical accounting. This involves providing detailed training on the company's operations, coaching staff on day to day responsibilities, balancing workloads, giving timely and constructive feedback, providing professional development opportunities and guidance and ensuring development goals are set and progress is monitored.
- Provide guidance to staff where required to interpret standards and resolve issues as they arise.
- Review analysis performed by staff for reasonability and accuracy.
- Provide advice and direction on accounting issues to site controllers.
- Review of complex accounting performed by mine sites and head office including deferred stripping, pensions, borrowing costs, hedging and revenue recognition.
- Develop the accounting treatments/position papers recommended for all areas of accounting. The majority of these issues are too difficult or complex for other accountants throughout the company to complete. (e.g. purchase accounting, acquisitions and divestitures, aspects of taxation, valuations, significant contracts.).
- Develop highly complex accounting schedules for areas of significance, judgment and estimation.
- Identify, understand and measure critical estimates and judgments.
- Obtain agreement with the auditors on matters of interpretation or judgment.
- Assist with negotiations with joint venture partners on the interpretation of standards
- Prepare recommendations and reports to senior management on accounting treatments for complex transactions which affect the financial statements.
- Develop and maintain Teck's accounting policies and guidance documents.
- Ensure compliance with accounting policies across the organization.
- Responsible for the management and oversight of the corporate accounting function for the company which includes the following:
- Manage a supervisor and two corporate accountants responsible for corporate accounting. This involves providing detailed training on the company's operations, coaching staff on day to day responsibilities, balancing workloads, giving timely and constructive feedback, providing professional development opportunities and guidance and ensuring development goals are set and progress is monitored.
- Oversee the general ledgers of TRL, TML and various other entities to ensure transactions are recorded appropriately.
- Review economic and accounting analysis of major transactions occurring at VHO.
- Understand complex transactions and the associated financial effect on the company.
- Review and approve the accounting for complex transactions occurring in the corporate general ledger and consolidated financial statements including equity instruments, share-based payments, investments, financial instruments, and complex hedging and debt arrangements.
- Oversee the implementation and preparation of complex derivative valuation models using proprietary software such as FINCAD.
- Oversee the implementation and preparation of complex valuation of share-based payment models including Black-Scholes and Monte Carlo.
- Engage and work with various specialists to develop and implement new valuation models for derivatives and share-based payments and reviewing these models for reasonability.
- Work with lawyers, auditors and various specialists to prepare regulatory disclosures such as prospectuses and guarantor filings.
- Educate corporate accounting staff and other stakeholders such as the tax, treasury and legal departments to ensure understanding of the accounting implications of complex corporate transactions.
- Oversee the preparation of more than 10 legal entity statements in accordance with statutory requirements and the needs of various end users.
- Oversee the implementation of process improvements to continue to improve on efficiency and level of knowledge of staff.
- Review inputs and assumptions used in the annual budgeting and forecasting process.
- Assist in the preparation of materials for the board and audit committee, summarizing accounting issues and positions taken, including explaining new standards.
- Provide training on complex accounting treatments and new standards.
- Primary contact for external auditors for the company on significant issues.
- Discuss and resolve all matters of audit significance, which includes discussions primarily with the higher levels of the engagement team.
- Assist Director in providing structuring and accounting treatment advice to business development, legal, corporate affairs, treasury and other departments to ensure that they correctly understand the consequences of proposed transactions, for example: major business acquisitions, divestitures, debt transactions, long term contracts, agreements with communities.
- Due diligence as requested - analysis of target companies.
- Develop detailed valuations of business acquisitions for major transactions and the ongoing accounting for such transactions.
- Primary liaison for accounting issues for the Energy and Coal Business Units.
- Contribute to the structured communications with mine site accounting teams on a quarterly and annual basis.
- Develop and communicate accounting guidance to sites for complex and unusual transactions.
- Conduct regular site visits or host visits from site accountants to ensure knowledge of operating issues and to improve communication with mine sites.
- Oversee SOX compliance for the corporate and technical accounting groups by maintaining and developing a system of controls for these functions and their responsibilities.
- Support the oversight of Head Office and consolidated accounting SOX compliance and systems documentation, including ensuring remediation work is completed and implemented in a timely manner.
- Support the mine site accounting SOX compliance and systems documentation, including ensuring remediation work is completed and implemented in a timely manner.
- Develop and implement recommendations for new processes to ensure compliance throughout the head office accounting function.
- Develop and implement recommendations for SOX narratives to reflect new and existing processes currently in place, including those within the business (i.e. life of mine planning).
- Discussion and resolution of all internal controls matters with external auditors.
- Develop and implement a mandatory training program for the accounting function at head office and sites.
- Prepare and present education material on various accounting matters.
- Assist in the planning and coordination of an annual Controller's conference.
- Assist in the preparation of the consolidated deferred income and resource taxes (DIT) provision in a short time frame during year end reporting including preparation of the components relating to purchase accounting.
- Special Projects as requested.
- Prepare responses to securities regulators (SEC OSC, BCSC) on accounting matters and the resolution of any issues and differences identified by them.
- Present to and interact with standard setting agencies (IASB).
- Be an active participant in the Global Mining Industry Working Group to discuss accounting positions to ensure consistent with our peers. (Group participants includes peers such as BHP and Anglo American).
- Maintain communications with other mining company finance departments and with technical policy staff of the big 4 accounting firms.
- Support the development of the 5-Year planning process for the accounting function.
- Perform duties of Director, Finance, Reporting and Compliance in their absence.
- A CPA, CA designation, experience in a big 4 accounting firm, and 10 years of post-qualification experience focused on technical accounting matters. Strong academic and research skills are necessary. Industry experience is required in this role.
- Strong understanding of the mining business and of financial markets and instruments.
- Ability to effectively manage a large team with members of diverse skills and personalities to achieve common departmental goals.
- Strong interpersonal skills. Oral and written communication skills capable of creating public disclosure documents and director presentations as well as educational material. Must be able to create clear and definitive policies, guidance and educational materials on complex matters. Strong speaking and presentation skills.
- Expert level knowledge and understanding of IFRS.
- Strong ability to take initiative, and manage numerous areas.
- Strong ability to work with other departments and senior management to understand complex business transactions, provide recommendations and communicate accounting conclusions effectively.
- Strong understanding of Sarbanes-Oxley legislation and internal controls.
- Strong computer skills, particularly Microsoft Office, Microsoft AX and HFM.
At Teck, we value diversity. Our teams work collaboratively and respect each person's unique perspective and contribution.
Qualified applicants interested in joining a dynamic team are encouraged to submit a resume and cover letter electronically.
We wish to thank all applicants for their interest and effort in applying for the position; however, only candidates selected for interviews will be contacted.
Your application to this posting is deemed to be your consent to the collection, use and necessary disclosure of personal information for the purposes of recruitment. Teck respects the privacy of all applicants and the confidentiality of personal information.
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.
The pursuit of sustainability guides Teck's approach to business. Teck is building partnerships and capacity to confront sustainability challenges within the regions in which it operates and at the global level. In 2017, Teck was named to the Dow Jones Sustainability World Index (DJSI) for the eighth straight year, indicating that Teck's sustainability practices rank in the top 10 per cent of the world's 2,500 largest public companies in the S&P Global Broad Market Index.
Learn more about Teck at www.teck.com or follow @TeckResources
#L1-JW1 Job Segment:
Information Technology, IT Manager, Financial, Law, Equity, Technology, Finance, Legal
- Apply Now
- Apply with LinkedIn
- Please wait...