Title:  Director, International Insurance Finance

Requisition ID: 262369 

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

Purpose

The Director, International Insurance Finance (the “Director”), is responsible for providing in-depth financial analysis and play a lead role in the International Insurance Profit Plan and Forecasts processes and providing ongoing P&L and profitability reviews.  This includes applying analytics and further develop and enhance financial intelligence capabilities/tools in partnership with other Insurance business support areas. The Director will lead the International Insurance Finance team and be a key partner to the regional and country business teams, insurance business support teams as well as International Banking finance teams.

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

• Provide input into strategic direction, leadership and oversight for finance matters for International Insurance as a finance business partner, ensuring business strategies, plans and initiatives are supported in compliance with governing regulations, internal policies and procedures.
• Direct financial reviews or initiatives to support strategic priorities and/or improve management processes and standardize methodologies. Implement and maintain constantly evolving performance measurement practices and provide insightful analysis related to the health and mix of the business.
• Develop and maintain strong working relationships within International Insurance business units, divisional support functions, International Banking Finance and Wealth Management Finance.
• Lead the planning, forecasting and reporting for International Insurance:

• Work with the Business Line and finance partners to build annual and muti-year strategic plans and forecasts, including all P&L and relevant balance sheet items (including Business Case Pool projects)
• Work on the monthly and quarter-end close and lead the production of various monthly and quarterly performance dashboards including value-added performance commentary and variance analysis.

• Direct day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicate the Bank’s risk culture and risk appetite statement throughout their teams.
• Create an environment in which his/her team pursues effective and efficient operations of his/her 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.
• Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

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

• Bachelor’s degree in Finance, Accounting, or a related field; MBA and/or Accounting/ Professional Designation preferred
• 10 years’ progressive experience in the FP&A/finance field for a financial institution within the insurance industry
• Actuarial and IFRS 17 experience
• Thorough knowledge of Insurance products/services, financial drivers and performance measurement, compliance, planning and analysis, and legal and regulatory requirements with a focus on Latin American and/or Caribbean Markets
• Excellent leadership, communication skills, proficiency in financial analysis.
• Strong strategic and analytical skills required to develop the vision, goals, strategies, and plans for the Finance Department aligning with the overall Bank strategy.
• Fluency in Spanish an asset as the role requires direct interaction with country business and finance partners.
• Thorough knowledge of all aspects of finance and the ability to continuously and critically analyze the current state for new concepts, insights and opportunities for improvement.
• Strong initiative, forward thinking and creative problem-solving skills with the ability to create or stimulate integrated cross-disciplinary strategic solutions.
• Skills in gaining the organizational commitment and alignment of various stakeholders through strong interpersonal skills and win-win outcomes.
• Effective negotiation and influencing skills that can be applied across all functional levels and areas within the organization.
• Demonstrated leadership and coaching skills and relationship management expertise.

What’s in it for you?

• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

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.