Financial Analyst, Insurance Canada Financial

7 months ago

Toronto, Canada Scotiabank Full time

Requisition ID: 198230

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

The Financial Analyst, Insurance Canada Financial Reporting is key to maintaining the business unit’s day-to-day accounting process. Reporting to the Senior Manager, Insurance Canada Financial Reporting and working closely with the business, the role will perform day-to-day accounting and legal entity financial reporting. Included in this mandate is the processing of expense requisitions, bank & account reconciliations, analysis of actual financial results relative to Plan, and general ledger maintenance. The role will also assist in promoting sound corporate governance is it relates to financial matters.

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

- Primary responsibility will be with day-to-day accounting and monthly preparation / analysis of financial results for Insurance Canadian Scotiabank subsidiary legal entities.
- Processing of expense requisitions - ensuring expenses are valid, accurate and properly approved prior to payment being made.
- Responsible for reviewing monthly staff expense report for compliance with bank policies and performing the related accounting and payables activities.
- Processing journal entries to reflect expense accruals or other routine month-end reporting.
- Performing bank and/or other reconciliations including following up and addressing reconciling items.
- Analysis of financial results and monthly operating expense reports and documenting commentary for key variances.
- Ensuring all taxes (GST/HST, Income tax etc.) are paid on a timely basis and properly accounted for.
- Assisting with the year-end audit and board meeting materials as required.
- Maintaining the records retention system for Insurance Canada Finance in accordance with Bank policy.
- Assisting with all required regulatory and industry filings.
- Supporting the accounts payable process including responding to requests from Business unit staff and vendors as necessary.
- Preparing internal and external financial statements.

**Compliance/Regulatory reporting**:

- Responsible for supporting all Insurance Canada Finance regulatory and compliance activities.
- Preparation of quarterly and annual regulatory reporting required for Insurance Canada legal entities.
- Complete all other industry fillings.
- Support Bank-wide compliance activities.

**PeopleSoft General Ledger Functionality**:

- Assist with maintaining the integrity of the PeopleSoft general ledger used by Insurance Canada Finance for reporting purposes. Responsibilities include:

- Assisting with the testing for updates to the ledger accounts, account roll-up structures, and systems reports for changes made in the Bank's ledger that impact the Insurance Canada operations.
- Assisting with the annual income statement close process.
- Assisting with the upload of business line expenses to PeopleSoft.

**Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have**:

- Post-secondary education (i.e., university degree or diploma in Accounting/Finance) is required.
- Preferred if CPA/accounting designation is being pursued.
- The individual will require 2 years’ experience in the field of reporting, preferably in a financial institution.

**What’s in it for you?**
- An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success
- We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one
- Your career matters You will have access to career development and progression opportunities.

scotiafinancejobs

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.

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