Senior Analyst, Specialized Accounting

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading bank in the Americas is seeking a Senior Analyst, Specialized Accounting in Toronto. In this role, you will be responsible for financial analysis related to the Forex desk, manage funding hedges, and prepare settlements. Applicants should have an undergraduate degree in Business or Accounting and possess analytical skills. This role offers a collaborative work environment, competitive rewards, and career development opportunities.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Qualifications

• Ability to lead and oversee financial positions.
• Experience with P&L and balance sheet analysis.
• Strong understanding of foreign exchange and related processes.

Responsibilities

• Lead Corporate and Structural positions related to funding hedges.
• Prepare settlements and reconcile the balances with Treasury.
• Support Tax team with preparing tax entries.

Skills

Accuracy & Thoroughness

Analytical Thinking

Commitment

Education

Undergraduate degree in Business, Economics, and/or Accounting

Professional accounting designation

Job description

Title: Senior Analyst, Specialized Accounting

Requisition ID: 244429

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

Purpose

The Senior Accounting Analyst is responsible for all assigned tasks of the Forex desk within the FAR Specialized Accounting group. The primary responsibilities include supporting the Bank’s Forex reasonability, funding hedges of the Bank’s foreign investments. This role will also be responsible for performing P&L and Balance Sheet analysis, FX analysis and OCI/AOCI monitoring for the Bank’s branches.

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

• Lead and oversee Corporate and Structural positions related to funding hedges, perform the revaluation of the multicurrency spot positions, and support FX analysis.
• Prepare settlements with GWO and Group Treasury on the inception and maturity of corporate, structural and executive management positions relating to funding hedges of the Bank’s foreign investments; control and reconcile the balances of these positions with Group Treasury and Financial Review.
• Prepare and key SmartStream and EGL entries on equity swaps, net investment hedges, and other recurring monthly entries.
• Support the Tax team by preparing and processing the tax entries, including Quarterly Tax package entries.
• Revalue the multicurrency spot structural and corporate positions in EGL and SMS ledger systems and perform analysis and reasonability on the foreign exchange gain/losses reported monthly.
• Monitor the Bank’s OCI and AOCI balances for branches, and perform the annual close OCI to AOCI for the Bank’s branches.
• Perform analysis on FARs P&L and balance sheet accounts under the balance sheet review process.
• Perform AOCI P998 validation for all Bank’s branches.
• Take a lead role in answering queries and providing supporting documentation to audit; provide reporting and analytical support (EGL, OBI, Essbase SmartView); and assist with the compilation for Capital Management and Regulatory Reporting teams.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Represent FARSA in all FAR projects, ensuring that our accounting and reporting objectives are met from design to implementation.
• Create an environment in which the team pursues effective and efficient operations in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles, while ensuring adequate business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment and using a coaching mindset; communicate vision, values, business strategy; and manage succession and development planning.

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

• Undergraduate degree in Business, Economics, and/or an Accounting major
• Professional accounting designation is an asset
• Accuracy & Thoroughness
• Analytical Thinking
• Commitment

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

Working Conditions

Work in a standard office-based environment; I have reviewed, and understand the key accountabilities of my role.

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. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. 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.