financial analyst
Title posted on CareerBeacon -
Senior Financial Analyst
Posted on
June 28, 2024
by
Employer details
Scotiabank
Job details
Requisition ID: 202103Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Senior Financial Analyst, Insurance Canada Financial Reporting is a key role in supporting the business unit's financial reporting needs including satisfying external reporting requirements and day-to-day accounting processes. Reporting to the Senior Manager, Insurance Canada and working closely with the business, the role will assist in meeting all business unit accounting, financial reporting and industry regulatory reporting requirements. Included in this mandate is the processing of expense requisitions, bank & account reconciliations, analysis of actual financial results relative to Plan, and general ledger maintenance. The role will also assist in promoting sound corporate governance is it relates to financial matters. Is this role right for you? In this role, you will: Financial Reporting: Primary responsibility will be with the day-to-day accounting and preparation of monthly / quarterly / annual financial reporting for the Insurance Canada legal entities. This includes ownership of financial results variance analysis (i.e., relative to prior period / Plan). As well, the mandate includes reviewing monthly business line financial reporting and documenting key variances for submission to the Senior Manager Financial Reporting for review. Processing of expense requisitions - ensuring expenses are valid, accurate and properly approved prior to payment being made. Responsible for reviewing monthly staff expense report for compliance with bank policies and performing the related accounting and payables activities. Processing journal entries to reflect expense accruals or other routine month-end reporting. Performing bank and/or other reconciliations including following up and addressing reconciling items. Preparation of monthly accruals, prepaid and tax provisions for all legal entities. Monthly, quarterly, annually filing of GST/HST, Income tax and, other provincial filings as required. The preparation of internal and external financial statements for legal entities. Preparing ad hoc reports for business analysis. Analysis of financial results and monthly operating expense reports and documenting commentary for key variances. Reviewing the accuracy of cheque coding and accrual of general ledger journals/adjusting entries. Performing monthly/quarterly forecasting and annual planning process.Compliance/Regulatory reporting: Responsible for supporting all Insurance Canada Finance regulatory and compliance activities. Preparation of all quarterly and annual regulatory reporting required for Insurance Canada legal entities. Complete all other industry fillings. Support Bank-wide compliance activities eRCM and related-party.PeopleSoft General Ledger Functionality: Maintaining the integrity of the PeopleSoft general ledger used by Insurance Canada Finance for reporting purposes. Responsibilities include: Testing updates to the ledger accounts, account roll-up structures, and systems reports for changes made in the Bank's ledger that impact the Insurance Canada operations. Testing of the annual income statement close process. Uploading of business line expenses to PeopleSoft. Finance Advice & Counsel: Champions a customer focused culture to deepen client relationships & leverage broader Bank relationships, systems, and knowledge. Responds to requests from the business unit for finance advice and support. Participates in any key projects and initiatives undertaken by the Insurance Canada Finance team as part of the departments financial reporting, subsidiary governance and regulatory/compliance activities.Leadership: Liaise with various groups within Insurance Canada and the Bank to resolve various queries and accounting issues. Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions. Actively pursues effective and e
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LocationToronto, ON
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SalaryNot available
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Terms of employment
Full time
- Start date
Starts as soon as possible
- vacancies
1 vacancy
- Source
CareerBeacon
#2090210
Advertised until
2024-07-28
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