Senior Financial Analyst - IT & S Finance

Scotiabank; Canada; On-site; CAD 60,000 - 90,000; Full time

Job summary

A forward-thinking company is seeking a Senior Financial Analyst to contribute to the success of Technology Finance. In this role, you will manage financial reporting, analyze IT cost allocations, and support executive decision-making with insightful analysis. The position offers a collaborative environment that encourages creativity and celebrates success. With competitive rewards including performance bonuses and career development opportunities, this is an exciting chance to make a significant impact in a high-performing team focused on innovative financial solutions.

Benefits

Performance Bonus

Employee Share Ownership

Pension Plan Matching

Health Benefits

Qualifications

• Strong financial analysis skills with attention to detail.
• Experience managing large data volumes and translating data into insights.

Responsibilities

• Manage allocation model and financial reporting for technology costs.
• Analyze IT cost allocations based on activity-based costing principles.

Skills

Excel (Pivot Tables, Lookups, Formulas)

Financial Analysis

Data Management

Communication Skills

Organizational Skills

Education

Undergraduate Degree in Computer Science

Undergraduate Degree in Business Administration

Progress toward CPA and/or MBA

Tools

Excel Power Pivot

Power BI

Job description

Requisition ID: #

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Contributes to the overall success of Technology Finance in Canada by ensuring the execution and delivery of specific goals, plans, and initiatives that support the team’s business strategies and objectives. The Senior Financial Analyst supports the Technology Finance team in managing Business Line allocations and service reporting of technology costs, including actuals, forecasts, budgets, and variance analysis for executive decision-making. This role also ensures compliance with regulations and internal policies, and accurately reflects the company's financial position. The incumbent identifies key factors affecting departmental efficiency and escalates anomalies.

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

1. Champion a customer-focused culture to deepen client relationships and leverage broader bank relationships, systems, and knowledge.
2. Manage all aspects of maintaining an allocation model, including detailed financial reporting for planning, tracking, and managing technology costs.
3. Produce and analyze IT cost allocations based on activity-based costing principles.
4. Establish controls to ensure accuracy and completeness of information, adherence to accounting principles, and correct reflection in the general ledger, plans, and forecasts.
5. Analyze large data volumes, build cost and driver models to support Business Lines.
6. Prepare monthly reports on IT resource utilization.
7. Provide insightful analysis comparing results to forecasts, budgets, and prior periods.
8. Support Business Lines and Technology with value-added ad hoc analysis.
9. Innovate in utilizing information for decision-making and developing key metrics/reports.
10. Refine activity-based allocation methodologies annually.
11. Maintain documentation and identify process improvement opportunities.
12. Review drivers with Technology and Business Lines annually.
13. Build cross-departmental partnerships for financial insights.
14. Consider the bank’s risk appetite and culture in daily activities.
15. Ensure operational, compliance, AML/ATF, sanctions, and conduct risk controls are effective.
16. Foster a high-performance, inclusive work environment.

Do you have the skills to succeed? We’d love to work with you if you have:

1. A recognized undergraduate degree in Computer Science, Business Administration, or related discipline; IT and/or Accounting degrees preferred.
2. Advanced Excel skills (pivot tables, lookups, formulas).
3. Familiarity with Excel Power Pivot/Power BI is an advantage.
4. Proven financial analysis skills with attention to detail.
5. Experience managing large data volumes and translating data into insights.
6. Strong organizational and interpersonal skills.
7. Excellent verbal and written communication skills, with interaction up to VP level.
8. Attainment or progress toward CPA and/or MBA.

What’s in it for you?

• An inclusive, collaborative environment that encourages creativity and celebrates success.
• Competitive rewards: Performance bonus, Employee Share Ownership, Pension Plan Matching, and Health Benefits from day one.
• Opportunities for career development and progression.

Location:

Canada: Ontario: Toronto

Scotiabank is committed to diversity and inclusion. If you require accommodations during the recruitment process, please inform our recruitment team. Only shortlisted candidates will be contacted. Thank you for your interest.