TD to create up to 440 jobs over seven years at new finance centre19 April 2018
MONCTON (GNB) – TD is establishing a new finance operations centre in Greater Moncton, creating up to 440 new highly skilled jobs over seven years with support from the provincial government.
Combined with the May 2017 business services centre announcement to create up to 575 customer service-focused jobs, TD’s potential for new jobs in Greater Moncton is 1,015.
“Your government’s multi-year economic growth plan is helping to create jobs and attract investment from respected companies to New Brunswick,” said Premier Brian Gallant. “TD has a long history of success in New Brunswick and continues to reinvest here because of our strong workforce and welcoming business climate.”
The new centre will centralize certain finance operational functions and will provide a range of services such as general accounting, reporting, and transaction processing. Recruitment for both the finance operations and customer service jobs will begin by September and the office is expected to open by January 2019. Job postings will appear on the company’s recruitment site.
“We are pleased with our great partnership with the Government of New Brunswick and to bring up to 440 highly skilled finance jobs to the region, a new growth vertical for the province. We are growing our presence, now bringing over a thousand new jobs to the province together with our new finance operations centre and previously announced business services centre,” said Frank McKenna, deputy chair of TD. “Greater Moncton is a thriving and central region with access to a pool of talent across the Maritimes. We are looking forward to tapping into the region's professional workforce and post-secondary graduates, creating high-calibre and skilled employment opportunities.”
The creation of up to 440 jobs is estimated to contribute $46 million annually to the GDP and $2.68 million annually in provincial income taxes once all jobs have been created.
To support the creation of the centre and the jobs, the company is eligible for an $8.8 million investment from Opportunities NB, which is a Crown corporation that seeks to attract and support opportunities to grow the economy and create jobs. It provides support services for businesses across the province.
The investment is in the form of a forgivable loan which will be disbursed in phases as the company achieves certain milestones, including opening its new centre and meeting pre-determined hiring targets.
“Great things are happening here in New Brunswick,” said Stephen Lund, CEO of Opportunities NB. “TD is another example of a global leader choosing this province. Opportunities NB is proud to work with TD as we continue to build a strong financial services sector.”
The finance operations centre will be in the company’s new corporate office, sharing space with the business services centre in the former Sears retail space at Cadillac Fairview’s CF Champlain shopping centre in Dieppe.
In addition, TD’s insurance business has a business services centre in Saint John that employs more than 700 people.