Finance & Banking Accounting Specialist

Scotiabank; Hamilton; On-site; CAD 65,000 - 80,000; Full time

Job summary

Scotiabank in Hamilton, Ontario is seeking an Accounting Officer to support the Dealer Finance Centre. You will maintain accounting records, process transactions and journal entries, and balance and reconcile records daily.

You will also assist with administrative processing for flooring and leasing transactions, customer banking requests, and ensure compliance with bank procedures while delivering accurate service. Strong attention to detail and teamwork required.

Qualifications

• College or University degree preferred or minimum 2 years related experience in a position of similar responsibility
• Banking/financial/leasing experience highly desirable
• Strong computer skills (Excel, Windows, Word, and automated GL systems)
• Good communication and interpersonal skills are very important

Responsibilities

• Maintains accounting records in accordance with standard accounting practices and established departmental procedures by: organizing, preparing, processing transactions and journal entries
• Balancing, reconciling records daily, weekly, monthly as appropriate
• Preparing relevant periodic submissions, remittances, accounting adjustments
• Preparing monthly, and quarterly statements
• Verify and review the output of all postings
• Accurately processing daily flooring and leasing transactions originated by customers, management, credit solution, sales or a B/F system
• Accurately process customers day to day banking request not limited to certified cheques, draft and wires
• Monitor and action Scotia Plan Loan adjustments daily
• Checking/authorizing transactions within approved limits; Reviewing/checking/escalating returns and reports as required
• Ensuring necessary corrections are made as identified through exception reporting
• Maintaining strict adherence to Bank custody and security procedures and reporting any unusual occurrence or fraudulent activity to the supervisor immediately
• Assisting with responding to customer operational issues or concerns
• Assisting with implementing changes to operating procedures and systems in order to increase efficiency and meet Bank regulations
• Ensure the delivery of customer service is consistent with Scotia Service Standards by: championing a customer focused culture to deepen client relationships
• Developing a working knowledge of commercial products, services and procedures; Providing courteous, responsive and accurate service to customers
• Dealing with the more complex client transactions (i.e. flooring payouts and takeovers)
• Taking full responsibility for all customer inquiries/concerns/complaints directed to him/her by resolving those matters within their discretion to the customer’s satisfaction or by referring the customer to the appropriate source
• Maintaining confidentiality of Bank and customer information
• Reviewing and preparing correspondence relative to customer/external inquiries
• Assist with the Centre’s growth by: Ensuring that all service charges are applied and collected as appropriate and authorized
• Ensure timely collection of month end interest and volume bonus claw back
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Actively pursues effective and efficient operations of their respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk
• Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment

Skills

Accounting basics

Attention to detail

Communication skills

Education

College or University degree

2+ years related experience

Tools

Excel

Windows

Word

Automated GL systems

Job description

Scotiabank in Hamilton, Ontario is seeking an Accounting Officer to support the Dealer Finance Centre. You will maintain accounting records, process transactions and journal entries, and balance and reconcile records daily.

You will also assist with administrative processing for flooring and leasing transactions, customer banking requests, and ensure compliance with bank procedures while delivering accurate service. Strong attention to detail and teamwork required.