Senior Financial Analyst,Insurance Financial Reporting Job Toronto area,Ontario Canada,Finance & Banking

Is this role right for you?

In this role, you will:

Financial Reporting

Primary responsibility will be with day-to-day accounting and monthly preparation / analysis of financial results for 2 Insurance Canadian Scotiabank subsidiary legal entities.

Processing of expense requisitions - ensuring expenses are valid, accurate and properly approved prior to payment being made.

Responsible for reviewing monthly staff expense report for compliance with bank policies and performing the related accounting and payables activities.

Processing journal entries to reflect expense accruals or other routine month-end reporting.

Performing bank and/or other reconciliations including following up and addressing reconciling items.

Analysis of financial results and monthly operating expense reports and documenting commentary for key variances.

Ensuring all taxes (GST/HST, Income tax etc.) are paid on a timely basis and properly accounted for, and preparation of the annual tax return filings.

Maintaining the records retention system for Insurance Canada Finance in accordance with Bank policy.

Supporting the accounts payable process including responding to requests from Business unit staff and vendors as necessary.

Preparing internal and external financial statements.

Performing monthly/quarterly forecasting and annual planning process.

Management Reporting

Responsible for assisting Senior Manager, Management Reporting in the preparation of Monthly Insurance Dashboard.

Identify and action enhancements to the monthly Insurance Dashboard.

People Soft General Ledger Functionality

Assist with maintaining the integrity of the People Soft general ledger used by Insurance Canada Finance for reporting purposes.

Assisting with the testing for updates to the ledger accounts, account roll-up structures, and systems reports for those changes made in the Bank's ledger that impact the Insurance Canada operations.

Assisting with the testing of the annual income statement close process.

Assisting with the upload of business line expenses to People Soft.

Leadership

Liase with various groups within Insurance Canada and the Bank to resolve various queries and accounting issues.

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 Insurance Canada Finance in accordance with Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions, and conduct risk.

Champion a high-performance environment and contributes to an inclusive work environment.

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 (i.e., university degree or diploma) in Accounting/Finance is required

Preferred if CPA/accounting designation is being pursued.

Highly organized with a demonstrated ability to exercise sound judgment under time pressure. This includes the ability to work quickly and accurately for sustained periods of time juggling multiple priorities.

Strong interpersonal skills and the ability to work effectively and diplomatically with those outside of Global Insurance Finance (i.e., build good relationships with key internal stakeholders).

Good analytical/database skills, advanced Excel / financial reporting tools skills, and good written / communication skills.

Demonstrated willingness and ability to learn and obtain proficiency on all required General ledgers (People Soft and EGL), Databases and reporting tools including for example OBI, PEAK and Smart View.

What’s in it for you?

An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!

We offer a competitive rewards package:
Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!

Your career matters! You will have access to career development and progression opportunities.


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Job Posting Language

Senior Financial Analyst, Insurance Financial Reporting