Senior Analyst, Financial Management and Reporting, GTB- Toronto, ON

Job title:

Senior Analyst, Financial Management and Reporting, GTB- Toronto, ON

Company

Scotiabank

Job description

Requisition ID: 192740

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

Global Transaction Banking

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

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

Purpose
The Senior Analyst – Financial Management & Reporting contributes to the overall success of Global Business Payments through a dedicated focus on operational efficiency and accuracy in expense processing, ledger reconciliation, client rewards calculation, budgeting & planning, financial analysis and ensuring that all activities conducted are in compliance with governing regulations, internal policies and procedures, and Bank standards.

What You’ll Do:
Support Global Business Payments team as a financial partner and subject matter expert, leading monthly and quarterly financial activities, P/L analysis, payments to vendors, ledger investigations and communications to Global Finance.

• Monitor, audit and reconcile financial accounts, ensuring accuracy and compliance with accounting standards and policies.
• Work directly with Senior Leadership to identify reasons for fluctuation in both Interest and Non-Interest Revenues and Expenses and overall business performance.
• Conduct GL investigation and reconciliation, identifying and resolving any discrepancies or errors in the general ledger.
• Review and fulfill invoices, verifying the validity and completeness of invoices and forward payments in a timely manner, carrying out investigations when necessary.
• Prepare and analyze financial reports, statements, and forecasts, providing insights and recommendations to management and stakeholders.
• Perform financial and staffing variance reporting, comparing actual results to budgeted targets and explaining the causes and impacts of any deviations.
• Collaborate with other departments internally and occasionally externally with vendors to address any financial issues or inquiries.
• Review and audit Commercial Card contracts, calculating rebates, fees and fraud totals, and issuing payments to cardholders.

What You’ll Bring:

• 3+ years of years in experience in banking industry, ideally in business analysis, financial management, commercial banking, or expense/revenue reporting
• Excellent communication skills, ability to present data to senior leadership while summarizing main points from financial analysis
• Proficiency with Excel, Outlook, and Powerpoint. SQL, Power BI, and coding experience may be considered an asset.
• Experience covering quarterly and monthly financial reporting cycles and associated deadlines.
• Ability to understand and utilize resources to solve problems rapidly in a fast pace setting.
• General knowledge of banking products offered to Business Clients, particularly global payment trends and emerging payments technologies
• Undergraduate degree, preferably in Business administration/management, Finance, and/or Economics will be considered an asset

Work Arrangement:

• Work in a standard office-based environment; non-standard hours are a common occurrence. Limited travel domestically/internationally.

#LI-Hybrid

Interested?
If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply – you might be the right candidate for this or other roles at Scotiabank!
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

Fri, 09 Feb 2024 03:32:13 GMT

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