Manager, Financial Planning & Analysis

Scotiabank; Georgetown (AL); On-site; USD 90,000 - 130,000; Full time

Job summary

Scotiabank Cayman Islands seeks a finance professional to contribute to planning, forecasting and management reporting for the group. You will monitor monthly results, prepare reporting packages, and provide analyses to support strategic decisions.

The role emphasizes governance, policy adherence, and collaboration with business units while maintaining strong controls and risk management in a dynamic banking environment.

Qualifications

• Bachelor’s degree in accounting or a finance-related discipline and/or a recognized accounting qualification (e.g., ACCA, CGA, CPA)
• At least five years of experience in a finance role
• Strong analytical skills and ability to adapt to changing requirements
• Good knowledge of operating policies, procedures and banking systems

Responsibilities

• Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships
• Monitor and review monthly trial balance submissions and prepare the Monthly Reporting Package
• Analyze financial results, identify variances and risks, and propose actions to management
• Execute planning/forecasting methodologies and support development of Strategic/Business Plans
• Ensure integrity and timely completion of annual profit planning and monthly forecasting exercises
• Provide MIS reporting and analysis to support portfolio performance and profitability
• Coordinate remediation of issues from internal audits and ensure timely resolution

Skills

Analyticalskills

Microsoft Office

Communication skills

Organization

Problem solving

Education

Bachelor’s degree in accounting or finance

Accounting qualification (ACCA, CGA, CPA)

Job description

Purpose

Contributes to the overall success of the Finance Department in the Cayman Islands by ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are compliant with governing regulations, internal policies, and procedures.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Management Reporting

• Monitor internal and external financial reporting for reasonableness and accuracy, including reviewing monthly trial balance submissions, where applicable, to ensure figures are complete prior to sign-off;
• Prepare the Monthly Reporting Package within required timelines, including detailed reviews, analytics, related commentary, and engagement with other business and support units;
• Monitor and analyze financial results to identify significant variances, financial risks, and profitability issues, and recommend actions to country/business line management to manage or optimize trends in support of strategic objectives; Preparation of any specialized and ad hoc reporting, as required by Scotiabank Head Office.

Planning and forecasting

• Execute planning and forecasting methodologies, providing professional support to management teams in preparing and analyzing targets;
• Assist with the development of the Strategic/Business Plans;
• Ensure the integrity and timely completion of the annual profit planning exercise;
• Ensure the integrity and timely completion of the monthly forecasting exercises;
• Provide planning/forecasting support to the business ensuring key variances are highlighted and action plans developed;
• Monitor budgets to ensure effective controls are in place over expense management;
• Provide analysis and insightful reporting on the trending of expenses to facilitate the proactive management of expenses;
• Identify efficiency opportunities and liaise with the Director, Finance to assess feasibility and support implementation; Monitor local and international banking laws/regulations, economic and political climates and analyze implications of changes on plans/budgets.
• Monitor changes to Scotiabank policies, products, operating systems and other relevant data and analyze implications for plans/budgets;
• Ensure the availability of MIS reporting to provide information on portfolio performance and profitability and provide management with recommendations for appropriate action to maximize returns and profitability;
• Provide support for the conduct of financial reviews of strategic business initiatives including new acquisitions and integrations/ products / markets; and
• Coordinate, review and track/facilitate remediation of issues from internal audits ensuring timely resolution.

Accounting Policy

• Maintain awareness of local accounting, taxation, and accounting policies and procedures, ensuring changes are fully understood and reliably implemented, with policy and procedure manuals maintained where applicable;
• Understand BNS IFRS requirements and interpret and implement processes, procedures, and GAAP adjustments to ensure local records are compliant with local GAAP and reporting to Scotiabank Head Office is compliant with BNS IFRS requirements; Monitor changes to Scotiabank policies, products and operating systems and ensure required changes are reliably implemented, including ensuring new accounts for new products are mapped appropriately; and
• Provide accounting support for complex transactions/products.

Leadership

• Exhibit strong leadership competencies to motivate both individual and team excellence;
• Provide coaching to team members by sharing and integrating knowledge, experience and responsibility, exhibiting an ability to listen, negotiate and communicate goals and expectations, and providing regular feedback, both written and verbal, to guide employees in the management of their performance;
• Develop strategic partnerships with business leaders and peers and remain aware of automation and process improvement opportunities to make the unit more effective and efficient. Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations within their respective areas, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Guidelines for Business Conduct.
• Champion a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates the team by fostering an inclusive work environment, communicating the vision, values, and business strategy, and managing succession and development planning for the team.

Education

• Bachelor’s degree in accounting or a finance-related discipline and/or a recognized accounting qualification (e.g., ACCA, CGA, CPA)
• At least five years of experience in a finance role
• Strong analytical skills, with a willingness to learn and adapt to changing requirements
• The ability to manage a variety of responsibilities in a fast paced, challenging environment
• Good knowledge of operating policies and procedures
• Good knowledge of the Banking application systems and policies
• Strong organizational skills
• Good level of computer literacy including Microsoft Suite
• Strong analytical and problem-solving abilities
• Good decision-making abilities
• Strong administration capabilities
• Strong written and oral communication skills
• Strong interpersonal skills to effectively address identified issues with stakeholders

Location(s): Cayman Islands : Cayman Islands : George Town || Cayman Islands : Cayman Islands : West Bay

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.