Accounting Standards Specialist

1 month ago

Toronto, Ontario, Canada Scotiabank Full time
Job Summary

We are seeking a highly skilled and experienced Accounting Standards Specialist to join our team at Scotiabank. In this role, you will be responsible for ensuring that key areas of the Bank are aware of and appropriately prepare for and manage the impact of new and emerging accounting standards.

Key Responsibilities
  • Implement the complex accounting requirements for assigned business lines.
  • Research issues with respect to specific strategies/transactions and provide alternatives and recommendations on compliance.
  • Interact with other departments of the Bank to communicate and establish their respective roles and responsibilities in implementing the requirements of new accounting standards.
  • Ensure senior management is up to date on the specific accounting implications to the Bank of new and modified IFRS standards.
  • Identify and research issues, consider areas of flexibility, and make recommendations after considering the Bank's priorities.
  • Propose recommendations that consider the impact on all Bank and business line results in order to change business behavior and practices, if necessary.
  • Review and provide recommendations on the appropriate accounting for proposed transactions that are specialized.
  • Maintain and update the accounting monograph (i.e., IFRS policies) and implementation guidelines on a timely basis, including training of users and implications of the new guidelines.
  • Participate in the development and interpretation of new and proposed accounting standards, including disclosures in the financial statements and the MD&A.
Requirements
  • Strong organization skills with the ability to manage multiple projects/initiatives/reviews at any given time.
  • Ability to search and understand a vast body of complex material efficiently and productively to produce accurate results and present alternatives.
  • Solid financial acumen and strong analytical and problem-solving skills.
  • Accuracy and attention to detail while working under pressure to meet tight deadlines.
  • Superior communication skills, both orally and in written memos and other forms of communication.
  • Good interpersonal skills to develop and maintain relationships with a variety of staff in cross-functional teams.
  • Must be a team player with the willingness to take on additional projects and responsibilities to achieve the group's overall objectives and goals.
  • Good working knowledge of Microsoft Word, Excel, and PowerPoint and the ability to learn to use the various reporting tools to extract and present information from the Bank's accounting records.
What We Offer
  • An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success.
  • A competitive rewards package, including a performance bonus, employee share ownership program, and pension plan matching.
  • Health benefits from day one.
  • Career development and progression opportunities.

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