Job Description

Requisition ID: 257256

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

PURPOSE OF JOB

The Senior Analyst, Global Finance - Subsidiary Financial Accounting and Reporting, is responsible for analyzing information from operation/accounting systems and coordinating with various teams to submit financial statements to the Bank on a monthly and quarterly basis for the legal entity Scotia Capital Inc. (SCI) and other wholly-owned subsidiaries and affiliates. Critical accounting tasks include allocation and validation of expenses, primarily for voice & data communications, technology, premises, and prepaid expenses ensuring the validity and accuracy of the entries posted to various GLs, performing accounting activities related to month-end close and reconciliation of key control accounts.

The Bank’s monthly and quarterly reporting schedule – both for internal and external reporting, is very demanding. Overtime is often required to ensure that all deadlines for period-end deliverables are met.

MAJOR ACCOUNTABILITIES

Perform month-end closing accounting activities and monthly reconciliation of general ledger accounts

• Prepare monthly journal entries and reports to support month-end departmental deadlines
• Maintain and produce monthly reconciliations for various assigned key control accounts
• Complete monthly G/L leadsheet attestation while identifying, investigating and resolving variances as required from Regulatory and Compliance department

Responsible for the maintenance of expense allocations

• Validate invoices received from various departments (Market Data, IT&S Finance, Real Estate, etc.) and allocate the charges based on a predetermined charge out ratio. Process the expense allocations to the relevant G/L accounts by processing journal entries in General Ledger application systems (PeopleSoft 8.9 or 9.2)
• Submit approved invoices received from various departments (Market Data, Voice, Real Estate, etc.) into SmartBuy for payment processing

• Prepare Reconciliations of intercompany accounts analyzing and resolving differences, if any

Oversee the payroll settlements with the Parent Bank for SCI (Global Banking and Markets and iTrade)

• Prepare bi-weekly payroll entries based on SAP HR Interface Load from the payroll department
• Submit intercompany cash settlement request in SmartBuy system for the payroll
• Clear the balances in payroll control account on a timely basis

Prepare Montreal Exchange Futures billings reports

• • Submit weekly P&L reports to Product Control team for Montreal Exchange Futures to support Actual to Estimate process
  • Liaise and obtain additional pricing information from the front-office trading department in relation to the futures trades
  • Monthly billings of the trades to various financial institutions that act as agents for clients
  • Process the deposit for the funds received related to the monthly billings
  • Prepare reconciliation of the billing accounts and outstanding amounts

Provide reliable financial information, analyses and other support as required by senior management

• Identify the potential impact of changes/initiatives and provide appropriate feedback or recommendation
• Communicate with both internal and external auditors to explain various procedures and respond to queries
• Participate in ad-hoc financial projects as assigned

COMPLEXITY OF POSITION

• Requires equivalent of a university degree and working towards Professional Accounting designation such as CPA along with minimum two years of post-university working experience in an investment or financial institution industry.
• Solid background in accounting is essential to comprehend, interpret and compile complex projects, together with proven organizational skills.
• Ability to adapt to a number of conflicting deadlines and quickly grasp and work independently with minimal supervision.
• Excellent communication skills, with the ability to engage effectively with senior internal stakeholders and external professional practitioners.
• Strong PC skills and working knowledge of various operating systems used in the day-to-day operations of a Finance Department (PeopleSoft Financials, Broadridge, OBI, SmartView, Excel, Microsoft Office)
• A focus on process improvement and efficiency initiatives would be an asset.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.