Title:  Manager, Subsidiary Accounting

Requisition ID: 256335 

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

The Subsidiary Accounting team manages the governance processes relating to financial accounting and reporting for specific subsidiaries and for the mortgage portfolio of the Bank.

The Manager contributes to the overall success of the Subsidiary Accounting team by ensuring that goals, plans, and initiatives are executed/delivered in support of the team’s business strategies and objectives. The Manager ensures that all activities are conducted in compliance with governing regulations, internal policies, and procedures.

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

• Review financial results of the subsidiaries, complete/review variance analyses, and ensure balances appear reasonable
• Liaise with Finance and other partners (e.g., Business Line Finance, Taxation) to understand results, any issues, and business line changes/trends
• Ensure the timely identification and resolution of any issues
• Monitor close calendars (month-end, quarter-end, year-end) for Subsidiary Accounting
• Prepare/review journal entries and reconciliations, as required
• Prepare/review reports and other documentation (e.g., variance analyses, financial statements) for various stakeholders, including Boards/Audit Committees of the subsidiaries, executive management, and others
• Assist with governance responsibilities of the COE, including maintenance of the issues log, monitoring of reconciliations, etc.
• Champion a customer-focused culture to deepen relationships and leverage broader Bank relationships, systems, and knowledge
• Provide real-time assistance to Subsidiary Accounting team members and GBS Bogota resources, as required
• Partner with GBS Bogota to identify process improvements and develop action plans for implementation
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Actively pursue effective and efficient operations of his/her respective areas while ensuring the adequacy of, 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, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Policy, AML/ATF Policy, and the Code of Conduct
• Liaise with internal and external auditors to define requirements, respond to queries, facilitate communications with relevant groups, participate in scheduled audits, and provide assistance to accounting and reporting groups on audit documentation required; continually monitor for completeness and alignment with standards
• Act as a liaison and/or provide support for special projects, including any finance system upgrades, implementations, testing, and migrations, as required
• Act as a backup resource for GBS Bogota (business continuity)
• Champion a high-performance environment and support a people strategy that attracts, retains, develops, and motivates the team by fostering an inclusive work environment and communicating vision, values, and business strategy

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

• Professional Accounting designation preferred (CPA)
• Undergraduate degree with 5+ years of experience
• Strong understanding of accounting principles and ability to understand financial statements, their components, and disclosure requirements (IFRS)
• Experience preparing and reviewing audited financial statements
• Strong knowledge of the Bank’s general ledger (PeopleSoft EGL), OBI/Smart View, Excel
• Excellent attention to detail
• Strong analytical, communication, and problem-solving skills
• Strong communication skills (verbal and written), with the ability to interface with various geographies and partners
• Spanish skills are considered an asset.
  
  

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.

* The selected candidate should be willing to work overtime, particularly during quarter-ends and year-end. Overtime may be required at other times during the year to ensure deadlines are met*

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.