Associate, Accounting Operations

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading Canadian direct bank in Toronto seeks a Finance professional. The ideal candidate will process bank activities, prepare payment requests, and ensure effective financial reporting. They should have a university degree in a relevant field and a minimum of 5 years in finance, alongside experience with Peoplesoft. The bank offers a competitive rewards package including health benefits and encourages career development opportunities in a collaborative working environment.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Minimum 5 years of related experience.
• Experience using Peoplesoft.

Responsibilities

• Download and process bank activity daily.
• Prepare weekly payment request for CMHC, CG, and GE.
• Monitor and guide team members in investigating and resolving discrepancies.

Skills

Multi-tasking

Time management

Attention to detail

Education

University or College Degree in Accounting, Finance or Business

Tools

Peoplesoft GL

Peoplesoft Asset Management

Job description

Tangerine is Canada’s leading direct bank. We offer flexible and accessible banking options, innovative products, and award‑winning client service. The reason why Tangerine employees come to work each day is to help Canadians live better lives. We focus on making a difference in our communities, and that includes our own internal community. It’s important to us that our employees feel empowered and enthusiastic about belonging to our Orange culture.

Purpose

The Finance Department at Tangerine is primarily responsible for the capture and reporting of financial information for internal and external audiences in accordance with applicable standards. Specifically, Tangerine Finance manages accounting, recording and reporting of accounting and tax information.

Other important functions

• Treasury Administration function administers securitization transactions and ensures transaction details are accurately captured in our administrative systems so that they can be properly valued, accurately accounted for and appropriately cash settled.
• Accounts Payable team ensures that all outstanding obligations are discharged on a timely basis.
• Management Accounting Team provides reporting and analysis to support senior management decision making and prepares forecasts each month as to the Bank's expected earnings. The Management Accounting Team works with the Strategy department and the business to prepare the annual Plan.

The Finance Department continually assesses risks and controls and takes action to ensure there is an effective system of internal control over financial reporting and other Finance functions. Finance also supports the business to ensure the successful implementation of corporate initiatives.

Is this role right for you? In this role, you will:

• Download and process bank activity daily.
• Set up fixed assets in the Peoplesoft Asset Management sub-ledger.
• Prepare weekly payment request for CMHC, CG and GE.
• Prepare daily and weekly wire request for various payment types.
• Adhoc cheque clearing for MBS cheques.
• Update month‑end foreign exchange rates in IBS.
• Prepare bank deposits.
• Send, retrieve and track boxes at off‑site storage.
• Prepare and set up weekly/monthly/quarterly and yearly for various tax remittance.
• Prepare wires for collection items for cheques cashed outside Canada by clients.
• Prepare monthly Loan & Mortgage Insurance summary to AP for remitting insurance premiums to Canada Life.
• Ensure monthly bank statements are filed and available for the department.
• Monitor and guide team members in investigating and resolving settlement discrepancies.
• Assist other Finance staff with information requests and investigations into reconciling items.
• Ensure procedures are regularly reviewed for all routine Accounting Operations processes.
• Initiate the automation initiative to treasury reporting function.
• Backup other team members as required.
• Other duties as assigned.

Do you have the skills that will enable you to succeed in this role?

Education / Experience

• University or College Degree in Accounting, Finance or Business is an asset
• Minimum 5 years of related experience
• Experience using Peoplesoft

Technical Skills

• Good computer skills and strong systems understanding
• Experience using Peoplesoft GL and AM will be an asset

Abilities

• Strong ability to multi-task
• Ability to have a heightened awareness of and adherence to tight deadlines
• Ability to work in a fast‑paced and demanding environment

Attributes

• Excellent time management and organizational skills
• Strong attention to detail and high degree of accuracy

What’s in it for you?

• 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.

At Tangerine we value the unique skills and experiences each individual brings to the team, and are committed to creating and maintaining an inclusive and accessible environment. If you require accommodation during the recruitment and selection process, please let our Recruitment team know.