Senior Financial Analyst- IT & S Finance

Scotiabank; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking financial institution where you will play a pivotal role in supporting technology finance initiatives. As a Senior Financial Analyst, you will manage allocation models, perform in-depth financial analysis, and contribute to decision-making processes that impact the organization. This role offers the opportunity to work in a collaborative environment that values creativity and inclusivity. With a competitive rewards package and career development opportunities, you will be empowered to excel in your career while making a meaningful impact on the business. If you are passionate about finance and technology, this position is perfect for you.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Strong analytical skills with proficiency in financial analysis.
• Experience managing large datasets and translating data into insights.

Responsibilities

• Manage allocation models and produce detailed financial reports.
• Analyze IT cost allocations and ensure adherence to accounting principles.

Skills

Advanced Excel skills

Financial analysis

Data management

Interpersonal skills

Attention to detail

Education

Undergraduate degree in Computer Science

Undergraduate degree in Business Administration

CPA or MBA

Tools

Excel Power Pivot

Power BI

Job description

Requisition ID: 224568

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

Contributes to the overall success of Technology Finance in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The Senior Financial Analyst is responsible for supporting the Technology Finance team to manage the Business Line allocation and service reporting of technology costs, including actuals, forecast and budget and related variance analysis for use by Executive Management for informative and decision making purposes. This includes ensuring that finance and accounting functions satisfy established regulations and procedures, and accurately reflects the financial position of the company. The incumbent is expected to assist in identifying key factors that affect departmental efficiency and escalating anomalies that affect same. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

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

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Responsibilities include managing all aspects of the maintenance of an allocation model, inclusive of accurate and detailed financial reporting as the basis for Global Technology Area's planning, tracking and management of technology costs.
• Production and analysis of IT cost allocations based on sound activity-based costing principles
• Establish and operationalize effective controls to ensure the completeness and accuracy of resultant information, ensuring that results adhere to accountingprinciples; are accurately reflected in the general ledger, plan and forecast; and that cost drivers are correctly applied
• Manage and perform analysis on large volumes of data, build cost and driver models to provide support to Business Lines.
• Prepare monthly reporting to support the Bank's utilization of IT resources in a timely manner
• Provide insightful written analysis of Business Line results by comparing to forecast, budgets and prior periods
• Perform value added ad hoc support for the Business Lines and Technology
• Demonstrate creativity by championing new and innovative approaches of utilizing information for improved decision making and development of key metrics/reports
• Ongoing refinements to the activity-based allocation methodologies used for actuals, forecast and budget
• Maintain documentation for operating procedures and identify opportunities to implement process improvements
• Perform annual review of drivers with Technology and the business lines
• Build partnership across departments to obtain support in providing financial insight
• 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 his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and contributes to an inclusive work environment.

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

• A recognized undergraduate degree in Computer Science, Business Administration or related discipline or equivalent qualification isrequired (IT and/or Accounting Degree preferred)
• Advanced Excel skills (including pivot-tables, lookups, advanced formulas) is a must
• Familiarity with Excel Power Pivot/ Power BI would be an advantage
• Proficiency in financial analysis with proven analytical skills (attention to detail is critical)
• Experience managing large volumes of dataand translating the data into meaningful message
• Organized, needs to follow up with many people and maintains data up to date
• Very good inter-personal skills with ability to work effectively with colleagues and internal/external customers
• Solid organizational skills with ability to provide high quality output during constrained timelines
• Strong verbal and written skills, as this position will have interaction with management up to VP level
• Attainment or working toward CPA and/or MBA

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.

#scotiafinancejobs

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.