Associate, Project Financial Control (GBM) – Toronto, ON

Job title:

Associate, Project Financial Control (GBM) – Toronto, ON

Company

Scotiabank

Job description

Requisition ID: 193880

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

Associate, Project Finance Control (GBM) – Toronto, ON

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Purpose:

The Project Financials Control Group Associates assist on a portfolio of projects which are divided across the GBM Portfolio; looking after project financials, ensuring pay outs are being done monthly, tracking actuals vs forecast, preparing accruals, conducting financial forecasting and liaising with project managers to ensure they are within budget.

What you’ll do:

• 70% maintenance, 30% standard reporting and maintaining relationships and communicating project financials
• Point of contact for financial questions/ needs (provide any required details and reporting figures to stakeholders i.e. how much do we expect to see coming in in forecast)
• Forecast, accruals updates and management between stakeholders
• Cost tracking and financial reporting metrics
• Invoice processing and maintenance
• Timesheet monitoring using Clarity, Fieldglass and JIRA/Confluence, how many timesheets will they be monitoring (managing 50-60 resources)
• Maintaining vendor relationships (approx. 30-40 vendors overall)
• Contract management and record keeping
• Other administrative tasks as required
• Maintain the budget; this includes auditing items to be delivered under projects, reviewing the weekly and monthly time tracking reports for anomalies, ensuring all invoices have been approved with the proper sign-offs prior to payment and ensuring drawdowns are properly recorded and maintaining ongoing cost to complete forecasts. This includes full reconciliation of the project budget and completing investigations for differences as they occur.
• Working with Delivery Managers and Vendors to correctly collect and record accruals information
• Working with Delivery Managers to create and maintain project forecast
• Track project budgets and expenditures, monitor transaction controls and costs against budgets.
• Predict potential budget overruns and offer solutions.
• Review contracts, cost proposals and contract supplements.

What you’ll bring:

• Advanced Excel (index match, v lookup, complex formulas, experience centralizing information into Excel)
• 3-4 years of experience working with large volumes of data within Excel
• 3-4 years of experience with financial forecasting, accruals, reporting and managing project financials
• Basic accounting/ finance knowledge (specifically – Actuals vs. Accruals vs. Forecast, Capital vs. Operating expense, how financial projects work, development vs. research phases etc…)
• Understanding of the nature of project financials and related challenges
• Knowledge of project management and timesheet management tools such as Clarity, Fieldglass and JIRA/Confluence would be an asset
• Capital market knowledge

Work Arrangement:

This position is currently a Hybrid role, with the expectation that you will work two days a week in the office. Please note that this is subject to change based on the needs of the business. Note

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s 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 . 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.

Expected salary

Location

Toronto, ON

Job date

Sat, 24 Feb 2024 23:18:02 GMT

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