Cost Analyst

2 weeks ago


Halifax, Canada Royal Bank of Canada Full time

**Come Work with Us**

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

**Job Title**

Cost Analyst

**What is the opportunity?**

The role will work within the Capital Markets, BCS, Business Management, Trade Expense Management team and be responsible for the timely and efficient processing of all 3rd Party Trade Execution Invoices through the implemented global central utility (REVPORT). The incumbent will work closely with the Control and Governance and Business Support Functions within the team to ensure full coverage of Trade Execution invoices are processed through the system in as effective manner as possible to ensure compliance with internal and external regulation and standing orders and to additionally ensure maximum detail and transparency is made available to the businesses supported with regards to cost, volume, nominal and other attributes driving the trade expense cost base.

**Please note, this is an 18-month contract opportunity**

**What will you do?**
- Monitor incoming mail for assigned invoices and contact vendors when expected invoices have not been received
- Reconcile invoices and calculate internal business allocations following business agreed methodology
- Investigate reconciliation discrepancies and coordinate resolution with vendor and trading business
- Document variances to best practice and provide to team lead for approval
- Prepare allocation templates and post to financial systems
- Arrange vendor payment through accounts payable or manual payment
- Manage special financial scenarios: accruals, prepayments, journals, etc.
- Prepare reports for and respond to inquiries from various parties including the trading business, product control, financial control
- Perform cost analysis identifying material trends and drivers and/or opportunities for savings
- Perform business analysis and testing in relation to onboarding of new invoices or enhancements to processing of existing invoices
- Work on assigned projects in the areas of process improvement and automation

**What you need to succeed?**

**Must-have**
- Bachelor's Degree or College Diploma
- Knowledge of basic accounting concepts
- Ability to communicate information to all levels of the organization
- Highly organized with an attention to detail and ability to analyze information
- Advanced knowledge of Excel, VBA and SQL

**Nice-to-have**
- 1 - 2 years experience working in a Canadian financial institution
- Knowledge of the firm's financial systems and booking processes
- Canadian Securities Course
- CPA / CFA
- Bilingual in English and French

**What’s in it for you?**

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options

**Job Summary**

**Address**:
HALIFAX, Nova Scotia, Canada

**City**:
CAN-NS-BEDFORD

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
Capital Markets

**Job Type**:
Contract (Fixed Term)

**Pay Type**:
Salaried

**Posted Date**:
2023-03-09-08:00

**Application Deadline**:
2023-03-24-07:00

**I**nclusion** and Equal Opportunity Employment**

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

**Join our Talent Community**

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