Financial Manager for Subsidiary Accounting

3 weeks ago


Toronto, Ontario, Canada Scotiabank Full time

About the Role

The Manager of Financial Reporting and Compliance will be responsible for ensuring the timely and accurate preparation of financial reports for specific subsidiaries and the mortgage portfolio of Scotiabank. This role will contribute to the overall success of the Subsidiary Accounting team by executing goals, plans, and initiatives in support of the team's business strategies and objectives.

Key Responsibilities

  • Review financial results of subsidiaries, complete variance analyses, and ensure balances appear reasonable
  • Ensure timely identification and resolution of any issues
  • Monitor close calendar for Subsidiary Accounting
  • Prepare and review reports and other documentation for various stakeholders
  • Assist with governance responsibilities of the COE, including maintenance of the issues log and change management log
  • Champion a customer-focused culture to deepen relationships and leverage broader Bank relationships, systems, and knowledge
  • Provide real-time assistance to Subsidiary Accounting team members and GBS Bogota resources
  • Partner with GBS Bogota to identify process improvements and develop action plans for implementation
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy of, adherence to, and effectiveness of day-to-day business controls
  • Liaise with internal and external auditors to define requirements, respond to queries, facilitate communications with relevant groups, participate in scheduled audits, and provide assistance to accounting and reporting groups on audit documentation required
  • Act as liaison and/or provide support for special projects, including finance system upgrades, implementations, testing, and migrations
  • Act as backup resource for GBS Bogota (business continuity)
  • Champion a high-performance environment and support a people strategy that attracts, retains, develops, and motivates the team

Requirements

  • Professional Accounting designation preferred (CPA)
  • Undergraduate degree with 5+ years of experience
  • Strong understanding of accounting principles and ability to understand financial statements, their components, and disclosure requirements (IFRS)
  • Experience preparing and reviewing audited financial statements
  • Strong knowledge of the Bank's general ledger (PeopleSoft EGL), OBI/Smart View, Excel
  • Excellent attention to details
  • Strong analytical, communication, and problem-solving skills
  • Strong communication skills (verbal and written), with ability to interface with various geographies and partners
  • Spanish skills an asset
  • Selected candidate should be willing to work overtime during quarter ends and year end

What's in it for you?

  • An inclusive and 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


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