Senior Analyst, Subsidiary Financial Accounting

Senior Analyst, Subsidiary Financial Accounting & Reporting

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

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. and other wholly-owned subsidiaries and affiliates. Critical accounting tasks include ensuring the integrity of various reporting packages for both Bank and regulatory reporting deliverables, with focus on completeness, validity and accuracy as well as maintaining fixed assets subledger system, 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.

Responsibilities

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

- Calculate subordinated loan interest and prepare journal entries and schedules to be distributed to various teams

- Reconcile suspense control accounts for various branches and prepare journal entries as required

- Maintain and produce monthly reconciliations for various assigned key control accounts

- Complete monthly general ledger leadsheets and identify variances as required from Regulatory and Compliance department

Prepare financial statements for Regulatory and Statutory Financial Reporting Purposes

- Prepare monthly Balance Sheet for BNS reporting requirements and relevant variance schedules

- Prepare audit schedules, note disclosures and requests for management and audit review

- Prepare year end regulatory and working paper files for various regulators and external auditors

- Liaise with auditors and Regulatory and Compliance department to complete the review process before being presented to the Board of Directors of SCI

Responsible for fixed assets sub-ledger management (WorthIT)

- Submit approved invoices received from Real Estate department into PRC for payment processing. Allocate invoices to expense/capital expenditure GL accounts and process PeopleSoft journal entry

- Import fixed assets additions from PeopleSoft to WorthIT database

- Prepare Depreciation entries for upload into PeopleSoft system

- Prepare Reconciliation Report showing the difference in Fixed Assets Balance between WorthIT and PeopleSoft; analysing and resolving the differences if any

Complete daily bank reconciliations and cash summary reports

- Prepare bank reconciliation to ensure outstanding items are resolved

- Process journal entries to apply incoming deposits or outgoing payments to requested accounts

- Liaise and obtain additional information from the Business Service Centre relating to outstanding reconciling items

- Review outstanding cheques and update stale-dated cheque list on a regular basis

- Complete daily, weekly, and monthly cash summary reports and report material day-over-day changes

Prepare turnaround documents for monthly financial reporting

- Report year-to-date average balances and interest of BNS internal swaps, call loans for various counterparty transits

- Prepare monthly Cash Leadsheet by reviewing and analyzing SCI month-end bank reconciliations, and submit settlement-date adjustments for reconciling cash items

- Prepare monthly eTAD report to provide Global Risk Management with updated deposits with banks and non-BNS banker acceptance figures

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

- Respond to ad-hoc financial projects as assigned

Qualifications

- Requires equivalent of a university degree and an accounting designation (CPA, CA, CMA, CGA) along with minimum two years of 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.

Benefits

- 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.

Location(s): Canada : Ontario : Toronto

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