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Global Accounting Policy Manager

3 months ago


Toronto, Ontario, Canada Scotiabank Full time

Requisition ID: 205586

Overview:

The Manager of Global Accounting Policies & Procedures plays a crucial role in the formulation and execution of accounting policies and procedures for the Bank. This position requires thorough research and development, as well as the implementation of accounting standards as directed by senior management. The role entails evaluating the implications of accounting standards and proposed modifications, addressing intricate accounting challenges, and offering expert guidance on specialized transactions as necessary.

Key Responsibilities:

  • Ensure that essential departments within the Bank are informed and prepared for the impact of new and evolving accounting standards.
  • Facilitate the direct application of these accounting standards, investigate issues related to specific strategies or transactions, and provide recommendations for compliance.
  • Collaborate with various departments to clarify their roles and responsibilities in executing the requirements of new accounting standards.
  • Keep senior management informed about the accounting implications of new and revised IFRS standards.
  • Identify and analyze issues, evaluate areas of flexibility, and make recommendations aligned with the Bank's priorities.
  • Proposed recommendations should consider the overall impact on the Bank and its business lines, potentially altering business practices as needed.
  • Review and advise on the appropriate accounting treatment for specialized proposed transactions.
  • Conduct thorough analyses of these transactions, providing well-documented summaries of relevant terms, accounting options, and a rationale for recommendations.
  • Due to the urgent nature of pending transactions, timely delivery of analyses is expected.
  • Maintain and regularly update the accounting monograph (i.e., IFRS policies) and implementation guidelines, including user training and implications of new guidelines.
  • Actively engage in the development and interpretation of new and proposed accounting standards, including disclosures in financial statements and MD&A. This may involve responding to new standards issued by IASB, FASB, and regulatory bodies.

Qualifications:

  • Exceptional organizational skills with the capacity to manage multiple projects and initiatives simultaneously.
  • Ability to implement complex accounting requirements for designated business lines.
  • Strong financial acumen coupled with analytical and problem-solving capabilities.
  • Attention to detail and accuracy while performing under pressure to meet stringent deadlines.
  • Excellent communication skills, both verbal and written, are essential.
  • Interpersonal skills to foster and maintain relationships across diverse teams.
  • A collaborative team player willing to undertake additional projects to meet the group's objectives.
  • Proficient in Microsoft Word, Excel, and PowerPoint, with the ability to learn various reporting tools for data extraction and presentation.

Benefits:

  • An inclusive and collaborative work environment that fosters creativity and celebrates achievements.
  • A competitive rewards package, including performance bonuses, an Employee Share Ownership Program, and pension plan matching, along with health benefits from day one.
  • Opportunities for career development and progression.

Scotiabank is committed to valuing the unique skills and experiences of each individual and maintaining an inclusive and accessible environment for all.