Manager - Accounting & Reconciliation

Scotiabank; Town of Souris; On-site; CAD 90,000 - 130,000; Full time

Job summary

Scotiabank is seeking a Manager, Accounting & Reconciliation to lead the Accounting & Reconciliation function within Trade Finance Operations. You will oversee reconciliation activities, ensure timely sign-off of control actions, and drive process improvements while partnering with multiple lines of business and support teams.

You will mentor analysts, enforce governance standards, and manage risk and regulatory requirements, ensuring accuracy of financial reporting and strong controls across

Qualifications

• Undergraduate degree in Accounting, Finance, Business Administration or related discipline.
• 7-10 years of banking operations, accounting, reconciliation or financial control experience.
• Working knowledge of Trade Finance, accounting controls and reconciliation frameworks; leadership in regulated financial institution.
• Demonstrated ability to manage risk, controls, audits and regulatory requirements.
• Advanced analytical, stakeholder management and communication skills.
• Experience with Trade360, LoanIQ, DUCO, Intralink/IRIS and related banking systems is highly desirable

Responsibilities

• Lead and develop a team of Accounting & Reconciliation Analysts.
• Establish performance expectations and provide coaching and development.
• Ensure adequate training, cross-training and succession planning.
• Foster a strong risk and control culture within the team.
• Review and approve daily, weekly, monthly and quarterly reconciliation activities.
• Ensure reconciliations are completed accurately and within established timelines.
• Provide independent review and sign-off of control activities.
• Monitor control effectiveness and identify opportunities to strengthen processes and automation.
• Ensure compliance with internal policies, procedures and governance standards.
• Oversee investigation and remediation of reconciliation breaks, unposted entries and accounting exceptions.
• Monitor aging of outstanding exceptions and ensure timely escalation.
• Facilitate regular review meetings with Trade Finance Operations and key stakeholders.
• Escalate material issues, aged breaks and control deficiencies to Senior Management and Directors as required.
• Ensure action plans are established and tracked through completion.
• Oversee manual GL postings, expense processing and accounting adjustments.
• Ensure accounting entries comply with authorization and documentation standards.
• Review exception reports and determine appropriate corrective actions.
• Ensure accuracy and completeness of financial reporting outputs and supporting documentation.
• Support regulatory, audit and compliance requirements.
• Act as primary liaison with Trade Finance Operations, Corporate Lending Services, Trade Finance Risk Control, Business Banking Operations, Canadian Banking, Technology and Delivery Support teams
• Coordinate remediation efforts for cross-functional issues impacting accounting integrity and reconciliation outcomes.
• Present exception trends and control status updates to senior management.
• RISK MANAGEMENT & CONTINUOUS IMPROVEMENT Ensure monthly control reporting is completed and escalated appropriately.
• Identify recurring issues, process gaps and operational risks.
• Lead automation and process enhancement initiatives.
• Promote operational excellence through standardization and continuous improvement.
• Ensure records, signoffs and supporting evidence are retained in accordance with retention requirements.

Skills

Accounting & Reconciliation

Team Leadership

Risk & Controls

Stakeholder Management

Regulatory Compliance

Analytical Skills

Communication Skills

Education

Undergraduate degree in Accounting, Finance, Business Administration or related discipline

Tools

Trade360

LoanIQ

DUCO

Intralink/IRIS

Job description

Global Transaction Banking

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

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

Purpose

The Manager, Accounting & Reconciliation leads the Accounting & Reconciliation function within Trade Finance Operations and is accountable for ensuring reconciliation controls, accounting activities, management review, exception governance, and financial control oversight are executed effectively and in accordance with established procedures. The role provides leadership to analysts, drives issue resolution, and ensures the integrity of Trade Finance accounting and reconciliation processes.

What You'll Do

LEADERSHIP & PEOPLE MANAGEMENT

• Lead and develop a team of Accounting & Reconciliation Analysts.
• Establish performance expectations and provide coaching and development.
• Ensure adequate training, cross-training and succession planning.
• Foster a strong risk and control culture within the team.

RECONCILIATION & CONTROL OVERSIGHT

• Review and approve daily, weekly, monthly and quarterly reconciliation activities.
• Ensure reconciliations are completed accurately and within established timelines.
• Provide independent review and sign-off of control activities.
• Monitor control effectiveness and identify opportunities to strengthen processes and automation.
• Ensure compliance with internal policies, procedures and governance standards.

EXCEPTION GOVERNANCE & ESCALATION MANAGEMENT

• Oversee investigation and remediation of reconciliation breaks, unposted entries and accounting exceptions.
• Monitor aging of outstanding exceptions and ensure timely escalation.
• Facilitate regular review meetings with Trade Finance Operations and key stakeholders.
• Escalate material issues, aged breaks and control deficiencies to Senior Management and Directors as required.
• Ensure action plans are established and tracked through completion.

ACCOUNTING & FINANCIAL CONTROL

• Oversee manual GL postings, expense processing and accounting adjustments.
• Ensure accounting entries comply with authorization and documentation standards.
• Review exception reports and determine appropriate corrective actions.
• Ensure accuracy and completeness of financial reporting outputs and supporting documentation.
• Support regulatory, audit and compliance requirements.

STAKEHOLDER MANAGEMENT

• Act as primary liaison with Trade Finance Operations, Corporate Lending Services, Trade Finance Risk Control, Business Banking Operations, Canadian Banking, Technology and Delivery Support teams
• Coordinate remediation efforts for cross-functional issues impacting accounting integrity and reconciliation outcomes.
• Present exception trends and control status updates to senior management.
• RISK MANAGEMENT & CONTINUOUS IMPROVEMENT Ensure monthly control reporting is completed and escalated appropriately.
• Identify recurring issues, process gaps and operational risks.
• Lead automation and process enhancement initiatives.
• Promote operational excellence through standardization and continuous improvement.
• Ensure records, signoffs and supporting evidence are retained in accordance with retention requirements.

What You'll Bring

• Undergraduate degree in Accounting, Finance, Business Administration or related discipline.
• 7-10 years of banking operations, accounting, reconciliation or financial control experience.
• Working knowledge of Trade Finance, accounting controls and reconciliation frameworks. Experience leading teams in a regulated financial institution.
• Demonstrated ability to manage risk, controls, audits and regulatory requirements.
• Advanced analytical, stakeholder management and communication skills.
• Experience with Trade360, LoanIQ, DUCO, Intralink/IRIS and related banking systems is highly desirable

Working Conditions

• Work in a standard office-based environment.

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

• Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.