Title:  Senior Reconciliation Analyst

Requisition ID: 248968

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

Purpose:

The Financial Reconciliation team is responsible for developing, managing and executing the centralized financial reconciliation process within the Bank. The Senior Reconciliation Analyst is primarily responsible for performing the Investment Report (IR) Reconciliation. The incumbent will also perform monthly financial reconciliation on data between Certified Data Sources (“CDS”) and Enterprise General Ledger (“EGL”), for assigned risk domain and will perform the compensating control process for risk groups which have not adopted the General Ledger Reconciliation Adjustment System (“GLRAS”) process. This role works closely with various Risk Groups and Business Units, to investigate variances identified in the reconciliation process and performs adjustments as required.

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

• Perform the IR reconciliation process and ensure completion of IR reconciliation with good quality, by the required deadline.
• The reconciliation process will include: 
  • Identify and investigate the outstanding above threshold variances.
  • Complete IR reconciliation summary in detail, to ensure the accuracy of the work.
  • Escalate significant reconciliation issues to the Manager or Senior Manager, on a timely basis.
• Prepare notes to the quarterly financial statements for Investment Securities.
• Provide support to other reconciliation teams within the Financial Accounting and Reporting group, upon request. 
• Act as the backup for the other team members during their absence.
• Assist with audit requests, timely and accurately. 
• Perform other projects/duties as assigned or required by Management.

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 gain understanding of the Bank's accounting systems and procedures quickly (EGL, OBI, Essbase/Smartview, GLRAS).
• Strong analytical, problem-solving and financial analysis skills; ability to identify issues and find solutions.
• Attention to detail; strong time management and highly motivated to produce accurate and complete information under tight deadlines.
• Strong communication skills, as this role works closely with various departments within the Bank.
• Effective communication skills, as this role works closely with various departments within the Bank.
• Superior Excel skills including Pivot tables, V-lookup etc., prior accounting reconciliation experience.
• Sound knowledge of Bank's products especially Capital Market products and Investment Securities.
• Undergraduate degree, preferably in business. Working towards a recognized accounting designation (CPA, CA, etc.) or CFA is an asset.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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.