Title:  Manager, Compensation & Benefits (1 Year Contract)

Requisition ID: 248126

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

The Manager, Compensation & Benefits Finance is responsible for managing the planning and analysis of Centrally Administered Expenses. This includes, but not limited to depreciation, employee pension and benefits, capital taxes, and legal provisions. The individual is also responsible for the consolidation and reporting of all Centrally Administered Expenses. The Manager is responsible for plan, forecast, and actual results and is expected to apply analytical thinking skills to drive the accuracy of results, analytics and forecasts and pursue new ideas/processes to further the enhance the timeliness and efficiency of deliverables.  The incumbent is also responsible for the appropriate allocations of these expenses to the business lines. This position works with various HR teams, Accounting Policy, Business Line Finance and Taxation.

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

• Manage the consolidation, reporting, analysis and forecasting of Centrally Administered Expenses by working with Total Rewards and Finance teams to collect financial data and analyze and present results, including commentaries to the Senior Manager, Director and VP.  Perform reasonability, analysis of month-end results and identify and resolve gaps and or accounting/booking issues.
• Assist the Senior Manager and the team in the month-end accounting close, reconciliation and analysis of centrally managed Pension and Benefits and Share-Based Payment plans
• Work with Total Rewards and Finance partners in forecasting and planning centrally administered expense components - depreciation, pension and benefits, employee recognition programs, capital taxes, HST credit and legal provisions.  Prepare and present analysis to the Senior Manager, Director and VP. Review and challenge forecast and planning assumptions received from Total Rewards and Finance partners.
• Develop and maintain equitable allocation drivers and methodologies under the mandate of this role. Effectively communicate transparency of these drivers to the business lines and address potential issues or feedback as appropriate.
• Monitor, track, reconcile and report all expenses recorded and allocated to the Other Segment
• (EO business line). Prepare monthly analysis and commentaries and present to the Senior Manger,
• Director and VP. Prepare forecast and plan of all expenses in the Other Segment
• Actively support the team and the Senior Manager by providing analytics and commentary for ad hoc requests from senior management (including the CFO) and our business and Finance partners.
• Proactively work with team and the Senior Manager and Director in pursuing enhancements that will create efficiencies within our processes and add value and additional insight to our customers and business partners.

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

• Ability to develop strong relationships with key stakeholders and work with a cross-functional team
• Desire and ability to challenge existing processes and execute change to better support business partners.
• Ability to manage high volumes of complex information with tight deadlines
• Ability to scrutinize and analyze information and/or data inputs when reviewing financial results and forecasts
• Strong communication skills (both verbal and written)
• Advanced Excel skills (including experience with pivot tables, vlookups, etc.) and ability to design spreadsheets and automate processes
• Strong attention to details
• University degree in finance, accounting, or business.
• Accounting designation and/or graduate degree in finance/accounting/business would be an asset.

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 : 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.