Requisition ID: 199321
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Financial Analyst is responsible for assisting to build controls, report on and document the Expense Policies (including renewing Business Line exceptions) and contributing to the planning and analysis of compensation and benefits across the Bank. This includes, but not limited to, Annual Incentive Plan (AIP), Stock Based Compensation, Pension and Employee Benefit. The individual is also closely involved in working with Business Line Finance partners to ensure the integrity of the Bank's global performance-based compensation and pension and benefits expenses. The Sr. FA is responsible for assisting with plan, forecast, and actual activities and is expected to apply analytical thinking skills to drive the accuracy of results, analytics and forecasts and pursue new ideas/processes to further the enhance the timeliness and accuracy. The incumbent is also responsible for the appropriate allocations of these expenses to the business line. This position has a high level of interaction with various HR teams, Group Treasury, APP, Business Line Finance areas and Taxation.

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

• Apply a strong understanding of Expense Policies and Guidelines to support and provide guidance to team members in complex situations where clear direction is not available and professional judgment and interpretation of Expense Policies / procedures is required. Monitoring the Expense Policy mailbox for pending questions / queries from Business Lines.
• Assess opportunities and propose updates to existing policies collaborating with Business Lines and Corporate Functions, as required. Ensure all process documentation is created, complete, and updated annually. Participate in developing communications to Business Lines and Corporate Functions that includes reporting on exceptions to policy.
• Work with procurement to strengthen controls around expense approvals and build automation, where possible, into the process.
• Support the Senior Manager in the valuation, accounting, reporting, analysis and forecasting of AIP & global stock-based compensation plans across the Bank and communicate to Finance partners to ensure that these updates are accounted for appropriately in their respective business units. Work with Finance partners and HR teams to support with monthly accounting and/or booking.
• Oversee the accounting and prepare the reporting, analysis and forecasting of the Bank's Canadian AIP programs, centrally managed Canadian Pension and Benefits, including Scotia Pension Plan, post-retirement benefit plans, FLEX benefits, ESOP and Global Employee Recognition. Perform monthly and quarterly procedures to ensure accuracy and integrity of results.
• Assist in the development and maintenance of equitable allocation drivers and methodologies under the mandate of this role. Support the effective communication and transparency of these drivers to business lines and address potential issues or feedback as appropriate.
• Perform the quarterly review of AIP, global SBC and Pension & Benefits to ensure its accuracy by comparing to prior quarter and pre-quarter end forecasts. Support the Manager in drafting concise and meaningful commentary and analysis for inclusion into the All-Bank sections of the Bluebook, MD&A and other external disclosures.
• Actively support the team by providing analytics and commentary for ad hoc requests from senior management (including the CFO) and our business and Finance partners.
• Proactively work with the Senior Manager and the team in pursuing enhancements that will create efficiencies within our processes and add value and additional insight to our customers and business partners.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• University degree in finance, accounting, or business
• Accounting designation and/or graduate degree in finance/accounting/business would be an asset
• General understanding of accounting principles; familiarity with Stock Based Compensation vehicles an asset
• Strong attention to detail
• Ability to develop strong relationships with key stakeholders and work with a cross-functional team
• Desire and ability to challenge existing processes and execute change to better support business partners
• Ability to manage high volumes of complex information within tight deadlines
• Ability to scrutinize and analyze information and/or data inputs when reviewing financial results and forecasts
• Strong communication skills (both verbal and written)
• Advanced Excel skills (including experience with pivot tables, VLOOKUP's, etc.) and ability to design spreadsheets and automate processes

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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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.