Title:  Senior Manager, Statutory Reporting

Requisition ID: 255773 

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

The role:

The Statutory Reporting group is responsible for the preparation and distribution of a wide array of financial reports for both internal and external users, including the Bank’s Quarterly and Annual Report to shareholders. Statutory Reporting is also responsible for the financial reporting for the Bank’s pension plans. 

This is a challenging and key position that requires an eager, self-motivated, highly organized, efficient, and detail-oriented individual with strong accounting and financial reporting background. The incumbent will be responsible for the preparation of financial statements and associated notes for the Bank’s pension plan entities. In addition, the incumbent will assist with the preparation of the Bank’s quarterly and annual report to shareholders, which will include preparation of select notes to the financial statements. The position will also assist with monitoring of regulatory and financial reporting developments, related to the pension entities and the Global Bank, as well as reviewing peer bank financial disclosures. The position reports to the Director, Statutory Reporting and will have one direct report, reporting to the incumbent.

Financial Accounting & Reporting is a unit within the Chief Accountant's department of Global Finance.

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

• Support the Bank’s quarterly and annual reporting processes which will include preparation of select financial statement notes and MD&A disclosures, and coordinate input submission for the quarterly and annual reports by working with stakeholders across the Bank.
• Preparation of the financial statements for the Bank’s Canadian and US pension plan entities. The incumbent must research new and relevant accounting standards and regulatory guidelines impacting the pension entities to ensure the disclosures meet regulatory requirements and accounting standards. 
• Coordinate external audits of the pension entities ensuring that all queries raised by the External Auditors are responded to promptly and in a professional manner.
• Research, analyze and coordinate the development and implementation of accounting policy for specifically assigned accounting sections.   The incumbent must maintain an in-depth level of knowledge of the current and proposed accounting standards and disclosure requirements. 
• Monitor accounting and regulatory developments from the IASB, OSFI, SEC and other regulators and assess any impacts to the Bank’s disclosures. Assist with disclosure benchmarking to peers across the industry.
• Support on-going disclosure automation projects, as well as other ad-hoc projects (e.g. preparing presentations for senior management on quarterly disclosure changes). 
• Participate in industry discussion groups on new disclosures, research topics and present the Bank’s position.
• Provide coaching and supervision to the junior members of 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:

• Post secondary education in business, finance or accounting.
• 5+ years of experience in Finance or accounting. 
• CPA designation is strongly preferred. 
• Knowledge of Peoplesoft EGL and OBI is an asset.
• Strong knowledge of International Financial Reporting Standards (IFRS), Accounting Standards for Private Enterprises (ASPE) and some knowledge of regulatory guidelines applicable to the Bank. 
• Strong Excel skills, experience with the development of macros is an asset.
• Strong analytical skills. 
• Must be very well organized; must be accurate yet able to meet 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 including 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.