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Accounting and Finance
Sector
Calgary�s Accounting and Finance occupations are in
demand as economic and industry trends are driving the
need for financial accountability on the part of both
companies and consumers. Companies value the work and
expertise of professional accountants and financial
consultants, while individuals and families are turning
to financial planners more and more to assist with their
money management.
Accounting Occupations in Calgary
Accounting has an unemployment rate less than half of
all other occupations (according to Human Resources
Development Canada). Accountants are employed and sought
after by businesses, government, the non-profit sector
chartered accounting firms, while individuals may
require accounting consulting throughout the year or at
the annual income tax time.
Calgary�s accounting profession is highly regulated,
with most professional accountants certified by the
Chartered Accountants of Alberta, Certified General
Accountants of Alberta or Certified Management
Accountants of Alberta. There were over 19,000 certified
accountants in Alberta (2002-2003).
Accountants may be self-employed, working in the
accounting department of a larger organization, or with
an accounting firm. Some of the large global firms with
Calgary offices include
Deloitte & Touche,
Ernst & Young,
PricewaterhouseCoopers and
KPMG. National/Regional firms with offices in
Calgary include
BDP Dunwoody,
Collins Barrow,
Grant Thornton and
Meyers Norris Penny.
Finance Occupations in Calgary
Seventy-five per cent of financial occupations such as
Financial Planners and Financial Analysts are employed
in the Finance, Insurance and Real Estate industry,
which are all thriving in Calgary. The city�s 15,000
Finance professionals are employed in various private
and public organizations such as banks, trust companies,
and credit unions. Some are self-employed and provide
financial consultation to individuals and families. For
a list of banks, trusts companies, credit unions,
insurance associations and securities commissions, visit
the
Department of Finance Canada website (Reproduced
with the permission of the Minister of Public Works and
Government Services Canada, 2005).
All of Canada�s major banks such as TD Canada Trust,
Royal Bank of Canada, CIBC, and Scotiabank have head
offices and/or branches in Calgary. In Canada, there are
19 domestic banks, 30 foreign bank subsidiaries and 23
foreign bank branches. For a complete list, visit the
Canadian Banker�s Association for lists of their
banks.
There are 3 types of banks in Canada:
*Schedule I banks: domestic banks authorized under the
Bank Act to accept deposits and are likely eligible for
deposit insurance provided by the Canadian Deposit
Insurance Corporation.
*Schedule II banks: foreign bank subsidiaries authorized
under the Bank Act to accept deposits and are likely to
be eligible for deposit insurance provided by the Canada
Deposit and Insurance Corporation. Foreign bank
subsidiaries are controlled by eligible foreign
institutions.
*Schedule III: foreign bank branches of foreign
institutions that have been authorized under the Bank
Act to do banking business in Canada. These branches
have certain restrictions.
Aside from banks, finance professionals may be employed
by credit unions, mortgage companies, insurance
companies, agents, brokers and adjusters. There are
different designations and certification that financial
professionals may attain to specialize in a specific
field of finance.
What job titles and positions do employers use in
their job postings?
Alberta Learning Information Service - ALIS provides
listing of occupations specific to industry sectors,
Occupations by Industry Search you can select the
following option: Finance, Insurance and Real Estate
(�Accountants� will be here).
Accounting Positions:
Accounts
Payable/Receivable
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Book Keeper
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Controller
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Corporate Credit Manager
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Auditor
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Billing Specialist
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General Ledger
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Chief Financial Officer
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Payroll Administrator
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Collections Specialist
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Accounting Clerk
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Tax Manager
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Finance Positions:
Controller
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Chief Financial Officer
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Financial Analyst
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Finance Manager
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Corporate Banking Manager
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Corporate Auditor
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Internal Auditor
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Interest Rate Risk
Modeling Manager
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Vice President of Finance
and Operations
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Capital Markets Manager
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Treasury Analyst
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Cost Analysts
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Business Planning Director
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Controller
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Corporate Auditor
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Corporate Banking Manager
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Chief Financial Officer
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Financial Analyst
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Finance Manager
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Revenue Assurance
Supervisor
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Fixed Assets Manager
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Trends that Impact on the Accounting and Finance Sector
in Calgary
For up to date and current news and trends, visit the
following on-line magazines that address accounting and
finance issues in Canada:
*CA
Magazine
*Management
Magazine
*CGA
Magazine
*CFO
(Chief Financial Officer) Magazine
*Money
Sense
*Business
Week Magazine
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This project is made possible by funding through Alberta Employment, and Immigration and the Government of Canada. DITPC and this web site are operated by Bow Valley College. Contents of this website are �2008 Alberta Employment, and Immigration please see our web site terms of use. l LAST UPDATED AUGUST 2008 l
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