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Senior Manager, Global Accounting Policies and Procedures

2 months ago


Toronto, Ontario, Canada Scotiabank Full time
Job Summary

This role is 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. The incumbent will help with the direct implementation of these new accounting standards, research issues with respect to specific strategies/transactions and provide alternatives and recommendations on compliance.

Key Responsibilities
  • Accounting Standard Implementation: Ensure that senior management is up to date on the specific accounting implications to the Bank of new and modified IFRS standards. The incumbent is expected to identify and research issues, consider areas of flexibility and make recommendations after considering the Bank's priorities.
  • Transaction Analysis: Review and provide recommendations on the appropriate accounting for proposed transactions that are specialized. The analysis of these transactions will normally require well-documented summaries of the relevant transaction terms, accounting alternatives, and a basis for recommendations.
  • Accounting Monograph Maintenance: 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.
  • Accounting Standard Development: Actively participate in the development and interpretation of new and proposed accounting standards, including disclosures in the financial statements and the MD&A.
Requirements
  • Canadian CPA Designation: Canadian CPA designation is required.
  • Organizational Skills: Be organized and to manage any number of projects/initiatives/reviews at any given time.
  • Research and Analysis: Must be able to search and understand a vast body of complex material efficiently and productively to produce accurate results and present alternatives.
  • Financial Acumen: Possess solid financial acumen and strong analytical and problem-solving skills.
  • Communication Skills: Superior communication skills, both orally and in written memos and other forms of communication, are required.
  • Team Player: Must be a team player with the willingness to take on additional projects and responsibilities to achieve the group's overall objectives and goals.
  • Technical Skills: 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
  • Inclusive Work Environment: An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success.
  • Competitive Rewards Package: We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one.
  • Career Development Opportunities: Your career matters You will have access to career development and progression opportunities.