Title:  Accounting Officer, Settlements

Requisition ID: 264839

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

(This role is based in Ottawa)

The Accounting officer- Settlements, MD Financial is responsible for all departmental money movements.  These include between companies and accounts and to external providers such as NBIN, various GIC issuers and Fundserv.  This person will respond to daily client service requests from the front and back office. The Accounting officer assists the Reconciliation Analysts and Manager as necessary.  The Accounting officer will have excellent attention to detail and the ability to follow processes and procedures with minimal supervision. 

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

• Prepare daily settlements (GIC issuers, Fundserv, NBIN, Scotiatrust, CDS)
• Manage daily cash movements and journal entries across dealer bank accounts (inter-dealer and alternate settlements)
• Support A$M (Fundserv) settlements, including preparing backup and processing required transactions
• Execute daily FX conversions for dealer bank accounts
• Monitor and track overdraft balances across client-related accounts
• Respond to internal client inquiries and manage daily mailbox communications
• Process stop payments, void cheques, and high-volume tax remittances to CRA and IRS (for all dealers)
• Maintain and document departmental procedures and processes
• Liaise with external stakeholders (consultants, service providers, auditors, commercial bankers)
• Update client interest rates in R-Broker and maintain internal website content for financial consultants
• Assist with year-end audit confirmation processes
• Support additional tasks and projects as assigned by the manager

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

• Good understanding of the financial services industry
• Basic knowledge of accounting practices
• College diploma or university degree in Business Administration
• Good technical expertise with various software packages - proficient in the use of Microsoft Windows including Excel, Word, and MS Outlook
• Excellent attention to detail, organizational skills, and ability to prioritize multiple tasks
• Client service, business acumen and good problem-solving skills
• Demonstrated written and oral communication skills
• Team player with ability to work autonomously
• Strong interpersonal skills
• Bilingualism is an asset
• A proven commitment to achieving results and meeting tight deadlines

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day. 
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements. 

Location(s):  Canada : Ontario : Ottawa

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.