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Manager, Financial Planning and Analysis

1 month ago


Toronto, Canada Scotiabank Full time

Requisition ID: 181547

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

**Job Purpose**:
The Manager, Financial Planning and Analysis (Asset Management) plays a key role in supporting the asset management leaders in helping them execute on their financial strategies and overall financial performance. The Manager is responsible for providing greater financial insight to the business lines partners (internal and external views), management and coordination of planning within Asset Management, and improve the financial production effectiveness. The incumbent reports to the Senior Manager, and works in close partnership with the business leaders, CB Finance, and other business partners, to drive insightful analysis, and continuously looks for opportunities for process optimization. The Manager is required to demonstrate strong leadership skills to drive adoption of new financial planning (budgeting and forecasting) processes and procedures within Asset Management. A key part of the role is to manage business relationships and provide deep-analytics and insights to support the business and drive business results. This includes conducting research and analysis based on industry and competitive intelligence (such as IFIC statistics, etc), and structuring / organizing data and building efficient reporting solutions. In addition, the Manager, is also responsible for managing the - (1) monthly / quarterly reporting, (2) development of the annual financial plans, (3) and quarterly forecasts for the business. The incumbent is also responsible for maintaining and continuous improvement of the management reporting system for Canadian Asset Management Finance and to support finance-related issues for the division.

**Is this role right for you? In this role, you will**:

- Business Delivery & Operational Effectiveness
- Business Insights and Analytics Client & Relationship Management with Asset Management leaders
- Risk Management and Oversight Controls Change & Innovation, Streamline processes and improve efficiency
- Business Line / Product Level Reporting and Insightful Analysis:

- Maintain internal reporting on investment products (such as sales, redemption, market share, etc), research industry investment product trends (asset class, category, industry sales, industry redemptions, market share) and provide insightful analysis to business leaders and executives
- Support business line leaders with regular and ad-hoc reporting requirements - such as assist with product-related questions on Request for Proposals (RFPs)
- Provide insightful analysis to the business leaders to drive business results
- Provide competitive insights to the business leaders to measure relative performance vs industry and peers
- Preparation of quarterly business line update and full-year forecast:

- Ownership of timely collection of financial and non-financial data from business and support groups
- Consolidation of brand level forecast for CAM
- Ensure accuracy and completeness of quarterly update and full year forecast
- Complete analytical review to:

- Ensure completeness and reasonability of forecast, provide viable solutions to issues raised
- Understand the relevant performance of Asset Management business plan vs actuals
- Communication of quarterly results to Senior Manager
- Establish and maintain systems to efficiently manage the process
- Annual Profit Plan and Forecasting:

- Actively participate in the annual profit planning & quarterly and multi-year forecasting for the business lines. Contribute to the annual profit plan, by meeting with department heads and further developing current processes related to forecasting of AUM driven items
- Timely and accurate preparation of budgets relating to business units and support groups
- Ownership of timely collection of financial and non-financial data from business lines
- Complete summary deck for CAM divisional profit plan, for presentation to senior management team
- Complete analytical review to
- Ensure completeness and reasonability of forecast, provide viable solutions to issues raised
- Understand the relevant performance of the business to base forecast
- Month-end and Quarter-end Reporting
- Actively participate in month-end and quarter-end reporting process.
- Prepare quarter-end results for Asset Management
- Ensure accuracy and completeness of quarter end results
- Complete variance analysis to understand significant quarterly transactions
- Supports the development of Finance reports as requested, endeavor to improve financial information
- Supports the Director, Sr. Manager and Managers in the information gathering process and analysis for strategic and tactical projects requested by Senior management
- Provides resolution to Finance Division request for information on financial and management reports, revenue and expense analysis and any other finance-related inquires. Also, assist in various ad-hoc reporting fo