Financial Analyst, Insurance Canada Financial Reporting

Job title:

Financial Analyst, Insurance Canada Financial Reporting

Company

Scotiabank

Job description

Requisition ID: 198230Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.The Financial Analyst, Insurance Canada Financial Reporting is key to maintaining the business unit’s day-to-day accounting process. Reporting to the Senior Manager, Insurance Canada Financial Reporting and working closely with the business, the role will perform day-to-day accounting and legal entity financial reporting. Included in this mandate is the processing of expense requisitions, bank & account reconciliations, analysis of actual financial results relative to Plan, and general ledger maintenance. The role will also assist in promoting sound corporate governance is it relates to financial matters.Is this role right for you? In this role, you will:

• Primary responsibility will be with day-to-day accounting and monthly preparation / analysis of financial results for 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.
• Assisting with the year-end audit and board meeting materials as required.
• Maintaining the records retention system for Insurance Canada Finance in accordance with Bank policy.
• Assisting with all required regulatory and industry filings.
• Supporting the accounts payable process including responding to requests from Business unit staff and vendors as necessary.
• Preparing internal and external financial statements.

Compliance/Regulatory reporting:

• Responsible for supporting all Insurance Canada Finance regulatory and compliance activities.
• Preparation of quarterly and annual regulatory reporting required for Insurance Canada legal entities.
• Complete all other industry fillings.
• Support Bank-wide compliance activities.

PeopleSoft General Ledger Functionality:

• Assist with maintaining the integrity of the PeopleSoft general ledger used by Insurance Canada Finance for reporting purposes. Responsibilities include:
• Assisting with the testing for updates to the ledger accounts, account roll-up structures, and systems reports for changes made in the Bank’s ledger that impact the Insurance Canada operations.
• Assisting with the annual income statement close process.
• Assisting with the upload of business line expenses to PeopleSoft.

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.
• The individual will require 2 years’ experience in the field of reporting, preferably in a financial institution.

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.

#scotiafinancejobsLocation(s): Canada : Ontario : TorontoScotiabank 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

Wed, 01 May 2024 22:56:08 GMT

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