Manager, Expense Management Canadian Banking - Finance

Scotiabank; Toronto; On-site; CAD 95,000 - 125,000; Full time

Job summary

Scotiabank is seeking a Manager, Expense Management to lead forecasting, planning and analysis for the Canadian Banking Finance division in Toronto. You will partner with business lines to drive expense optimization and strategic investments aligned with corporate priorities.

The role requires 3–5 years of relevant experience, a finance or accounting degree, and strong analytical, communication and leadership skills. MBA is a plus, with exposure to Hyperion, EGL/OBI, and SmartView.

Qualifications

• Post-secondary degree in Finance or Accounting with 3–5 years of relevant experience.
• MBA is preferred but not required.
• Advanced proficiency with Excel, Word and data tools; ability to interpret financial data.

Responsibilities

• Support forecasting and planning processes for Canadian Banking partners and support groups.
• Deliver forecasts, profit plans, and 5-year plans; coordinate data collection and commentary.
• Analyse expense results and variances to inform management decisions.
• Contribute to the development and testing of planning and forecasting tools.
• Provide coaching on expense management processes to colleagues and partners.

Skills

Forecasting

Financial analysis

Strategic planning

Communication

Education

Finance degree

MBA (preferred)

Tools

Hyperion Planning

SmartView

EGL/OBI

Job description

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Title: Manager, Expense Management Canadian Banking - Finance

Requisition ID: 274852
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

Canadian Banking Finance is a divisional finance function providing financial management and analytical support to Canadian Banking Executive Management, as well as to the Business Line management in Retail, Automotive Lending, Small Business and Commercial Banking areas. The Manager will be a member of the Expense Management Team. Expense Planning is a critical function for the Canadian Banking division. The team has the responsibility for ensuring effective expense management and optimization of business investments with Canadian Banking’s strategic priorities. The incumbent will be responsible for the preparation and analysis of Canadian Banking expenses, quarterly forecast and updates, annual profit plan, 5 Year Base Case Projections and the three-year strategic plan.

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

Support forecasting and planning processes as it relates to Canadian Banking business partners and support groups:

• Support the delivery of forecasts and profit plans, including: Post quarterly forecasts, Pre quarter forecasts, 5 Year Base Case plan, Stress Testing, 3 Year Strategic Plan and Annual Profit plan as it relates to support groups and their associated allocation expenses


• Ensure the timely collection of data from the support groups.


• Complete analytic reviews to ensure accuracy and completeness of deliverables and understand relevant performance of the business


• Co-ordinate and communicate deliverables among the support groups


• Work with the support groups to provide comprehensive commentary on submitted expense forecasts and plans


• Support the end to end planning and forecasting process, including template and consolidation model updates


• Respond to queries from senior management and Canadian Banking on the business line plan and forecast submissions

Be a subject matter expert as it relates to CB expense, perform adhoc analysis as required, in support of Canadian Banking Distribution Channels and Product teams:

• Analyze CB expense results and forecasts to understand variances and the impact to forecast and/or plan


• Participate in the resolution of issues resulting from analysis


• Create added value analysis to provide senior management business insights into expense results

Be a subject matter expert as it relates to Expense reporting, planning and forecasting tools, including Hyperion and EGL/OBI/Smartview:

• On behalf of CB Finance ensure COFA changes are captured properly
  
  
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    • Support Plan and forecast submissions in Hyperion Planning tool, ensuring accuracy through reconciliations
    
    
    • Support the development and testing of the planning and forecasting tools
    
    
  
  

Work under the direction of the Senior Manager and Director in efforts to enhance expense analysis, planning and forecasting processes:

• Develop added value for CB Finance through the continous streamlining of forecasting processes to improve productivity

Provide coaching and training to colleagues and business partners on expense management processes.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Post-secondary degree in Finance or Accounting with a minimum of 3 to 5 years of relevant experience.


• A professional accounting designation or MBA is preferred.


• Advanced user proficiency with computer applications, Microsoft Excel, Word, Access, Hyperion, and any other productivity tools.


• Solid understanding of financial and management reporting principles; ability to sustain a broad-based knowledge of the Bank’s and Canadian Banking’s strategy, operations and procedures.


• Strong communication skills (listening, documentation and presentation skills); ability to work effectively in a team environment with peers and superiors acorss organization lines


• Strong analytical, problem-solving and organizational skills.


• Demonstrated leadership skills and stewardship capabilities in a complex and changing environment.


• Superior understanding of elements of effective control over integrity and completeness of financial reporting; attention to details.


• Ability to multi-task and deliver high-quality results under very tight deadlines; continuously assess priorities and business requirements, and balance between regular deliverables and priority Executive requests.

What’s in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.


• A rewarding career path with diverse opportunities for professional development.


• Internal development to support your growth and enhance your skills.


• An organization committed to making a difference in our communities - for you and our customers.


• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: \"for every future\", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.