Requisition ID: 104926Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Senior Analyst, Financial Reporting, is responsible for analyzing information from operation/accounting systems and coordinating with various teams to submit financial statements to the Bank on a monthly and quarterly basis as well as to a regulatory agency (IIROC) on monthly (MFR) and annual (Form 1) basis. Critical accounting tasks include ensuring the integrity of various reporting packages for both Bank and regulatory reporting delieverables, with focus on completeness, validity and accuracy.
The Banks monthly and quarterly reporting schedule both for internal and external reporting, is very demanding. Overtime is often required to ensure that all deadlines for period-end deliverables are met.
Major Accountabilities
Prepare financial statements for Regulatory and Statutory Financial Reporting Purposes
Prepare financial statements for Statement A as part of Monthly Financial Reporting (MFR) and Form 1 to Investment Industry Regulatory Organization of Canada (IIROC) for regulatory reporting purpose and stand-alone consolidated financial statements for statutory reporting purpose
Prepare monthly summary of Earnings and Expenses (E&E report) for BNS reporting requirements
Prepare monthly, quarterly and annual financial statements for Scotia Wealth Insurance Services Inc. and Scotia Commodities Inc.
Prepare audit schedules, note disclosures and requests for management and audit review
Prepare year end regulatory and working paper files for various regulators and external auditors
Liaise with auditors and Regulatory and Compliance department to complete the review process before being presented to the Board of Directors of SCI Prepare monthly journal entries and reports to support month-end departmental deadlines
Prepare various month-end journal entries both in EGL and in PeopleSoft including AUA/AUM, off-book P&L and balance sheet adjustments, PRC accruals, and suspense account clearing
Prepare monthly summary and journals for BNS offshore units
Review and analyze trial balance for erroneous PRC entries and request Payment Operations to prepare corresponding journal corrections
Complete monthly reconciliation of general ledger accounts
Maintain and produce monthly reconciliations for various key control accounts
Complete monthly general ledger leadsheets and identify variances as required from Regulatory and Compliance department Provide reliable financial information, analysis and other support required for departmental deadlines, senior management and audits
Identify potential impact of changes/initiatives and provide appropriate feedback or recommendation
Communicate with both internal and external auditors to explain various procedures and respond to queriesRespond to ad-hoc financial projects as assigned Qualifications
Requires equivalent of a university degree and an accounting designation along with several years of working experience in an investment or financial institution industry
Solid background in accounting is essential to comprehend, interpret and compile complex projects, together with proven organizational skills
Ability to adapt to a number of conflicting deadlines and quickly grasp and work independently with minimal supervision
Strong interpersonal skills to communicate (written and verbal) across variety levels of management, both internal and external
Strong PC skills and working knowledge of the various operating systems used in the day to day operations of a Finance Department (PeopleSoft Financials, Broadridge, OBI, SmartView, Excel, Microsoft Office)
High level of mental effort is required with medium amount of non-routine functions
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.