Senior Analyst, Financial Accounting & Reporting

Scotiabank; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

Scotiabank is seeking a Senior Analyst in Global Finance – Subsidiary Financial Accounting and Reporting to ensure accurate monthly close, prepare journal entries, and support statutory reporting for Scotia Capital Inc. and affiliates.

You will collaborate with internal teams and external auditors to meet regulatory requirements and deliver timely financial information. The role requires a university degree, progression toward a CPA designation, and at least two years of post-university

Qualifications

• University degree or equivalent education and experience.
• Candidate working toward CPA designation.

Responsibilities

• Perform month-end close activities, including journal entries and reconciliations.
• Prepare reclassifications and variance analyses for statutory reporting and balance sheets.
• Coordinate with auditors for regulatory and external reviews.
• Provide financial information and analyses to senior management.

Skills

Excel skills

Communication skills

Organizational skills

Analytical ability

Education

University degree

Tools

PeopleSoft Financials

Broadridge

OBI

SmartView

Job description

Select how often (in days) to receive an alert:

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

The Senior Analyst, Global Finance – Subsidiary Financial Accounting and Reporting supports accurate and timely financial reporting for Scotia Capital Inc. and other wholly owned subsidiaries and affiliates. The role analyzes financial information, performs month-end accounting and control activities, and coordinates with internal teams and external auditors to meet statutory, regulatory, and Bank reporting requirements.

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

• Perform month-end close activities, including preparing journal entries, reports, general ledger reconciliations and key control account reconciliations.
• Prepare reclassification entries and variance analyses to support balance sheet submissions and statutory reporting.
• Complete general ledger lead sheet attestations, investigate variances and resolve identified issues.
• Prepare turnaround documents and report inter-branch and intercompany balances, working with transit owners to resolve discrepancies.
• Review month-end bank reconciliations, prepare cash lead sheets and submit settlement-date adjustments for reconciling items.
• Complete daily bank reconciliations and cash summary reports, ensuring outstanding items are investigated and resolved.
• Process journal entries for incoming deposits and outgoing payments and follow up on aged items with the appropriate operational teams.
• Maintain the fixed assets subledger, including reviewing invoices, allocating expenditures, recording additions and processing depreciation entries.
• Prepare the year-end fixed asset continuity schedule for internal and external stakeholders.
• Compile note disclosures for annual audited financial statements and coordinate reviews with external auditors and the Regulatory and Compliance department.
• Provide financial information and analysis to senior management, assess the potential impact of changes and initiatives, and recommend appropriate actions.
• Support internal and external audit inquiries and participate in ad hoc financial projects as assigned.

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

• You have a university degree or an equivalent combination of education and experience.
• You are working toward a professional accounting designation, such as the CPA designation.
• You have at least two years of post-university work experience within an investment or financial institution.
• You have a solid accounting background and the ability to interpret, analyze and compile complex financial information.
• You have strong organizational skills and can manage competing priorities and strict, non-negotiable reporting deadlines.
• You can work independently, exercise sound judgment and complete accurate work with minimal supervision.
• You take a proactive approach to planning your work, establishing priorities and escalating critical issues appropriately.
• You have excellent communication skills and can engage effectively with senior internal stakeholders, external auditors and other professional practitioners.
• You have strong computer skills and working knowledge of Microsoft Excel and Microsoft Office.
• You have experience with finance systems such as PeopleSoft Financials, Broadridge, OBI and SmartView.
• You can maintain focused attention when analyzing data, reviewing reports and interpreting financial information.
• It would be an asset if you have experience identifying and supporting process-improvement and efficiency initiatives.

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias‑free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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.

We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.