Scotiabank

Assistant Manager, Subsidiaries, Accounting & Reporting

Scotiabank • $75K — $95K *
Toronto, ON M3C 0E3In-Person
Legal & Accounting
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Professional accounting designation (CPA) completed or in progress preferred.
  • University degree in Accounting, Finance, Business Administration, or related discipline.
  • Experience in financial accounting or reporting within a large organization is an asset.
  • Strong understanding of IFRS and financial statement preparation.
  • Proven ability to analyze financial statements and investigate variances.
  • Experience preparing financial statements and reconciliations.
  • Proficiency with financial systems and advanced Excel skills.

Responsibilities

  • Review and analyze financial results for subsidiaries, investigating variances.
  • Identify and resolve accounting and reporting issues with stakeholders.
  • Prepare journal entries, account reconciliations, and supporting documentation.
  • Develop financial reports and statements for various stakeholders.
  • Support governance activities within the Subsidiary Accounting Centre of Excellence.
  • Build partnerships across the Bank for exceptional service delivery.
  • Provide support and guidance to team members and GBS Bogotá colleagues.

Benefits

  • A rewarding career path with diverse opportunities for professional development.
  • A competitive rewards program, including annual bonus and comprehensive benefits from day one.
  • Commitment to diversity, equity, inclusion and allyship in the workplace.
  • Access to various employee resource groups for development and support.
  • Focus on creating an inclusive environment with accessibility accommodations.
Full Job Description
Requisition ID: 265671

The Subsidiary Accounting team manages the governance processes relating to financial accounting and reporting for specific subsidiaries and for the mortgage portfolio of the Bank.

The Assistant Manager contributes to the overall success of the Subsidiary Accounting team by ensuring that goals, plans, and initiatives are executed/delivered in support of the team's business strategies and objectives. The Assistant Manager ensures that all activities are conducted in compliance with governing regulations, internal policies and procedures.

Is this role right for you? In this role you will:
  • Review and analyze financial results for subsidiaries, investigating variances and validating account balances for accuracy and reasonableness.
  • Identify accounting and reporting issues in a timely manner and support resolution efforts with key stakeholders.
  • Prepare and process journal entries, account reconciliations, and supporting documentation.
  • Develop financial reports, variance analyses, and financial statements for Boards, Audit Committees, executive management, and other stakeholders.
  • Support governance activities within the Subsidiary Accounting Centre of Excellence, including issue tracking, reconciliation monitoring, and control oversight.
  • Build strong partnerships across the Bank to deliver exceptional service and leverage organizational knowledge, systems, and resources.
  • Provide ongoing support and guidance to Subsidiary Accounting team members and GBS Bogotá colleagues.
  • Collaborate with GBS Bogotá to identify process improvement opportunities and implement operational efficiencies.
  • Ensure day-to-day activities align with the Bank's risk appetite, risk culture, and internal control framework.
  • Maintain effective business controls and support compliance with operational risk, regulatory, AML/ATF, and conduct risk requirements.
  • Partner with internal and external auditors by coordinating audit requests, providing documentation, responding to inquiries, and ensuring compliance with accounting standards.
  • Contribute to special projects, including system upgrades, implementations, testing initiatives, and finance transformation activities.
  • Act as a backup resource for GBS Bogotá to support business continuity requirements.
  • Provide guidance and subject matter expertise to team in Bogota, Colombia on end-to-end activities for specific subsidiaries and the Bank's mortgage portfolio
  • Supports all activities related to accounting, reporting, and audit requirements (both internal and external, e.g. OSFI, etc)


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Professional accounting designation (CPA) completed or in progress is preferred.
  • University degree in Accounting, Finance, Business Administration, or a related discipline.
  • Experience in financial accounting, financial reporting, or controllership functions within a large, complex organization is considered an asset.
  • Strong understanding of accounting principles, financial reporting standards (IFRS), and financial statement preparation.
  • Proven ability to analyze financial statements, assess account balances, and investigate variances.
  • Experience preparing financial statements, reconciliations, and supporting financial documentation.
  • Proficiency with financial systems and reporting tools, including PeopleSoft EGL, OBI/Smart View, and advanced Microsoft Excel skills.
  • Strong attention to detail with a focus on accuracy and quality of work.
  • Excellent analytical and problem-solving skills, with the ability to identify issues and recommend solutions.
  • Strong verbal and written communication skills, with the ability to collaborate effectively across multiple teams, stakeholders, and geographic locations.
  • Spanish language skills are considered an asset.
  • Flexibility to work additional hours during quarter-end and year-end reporting periods, with occasional overtime required throughout the year to meet business deadlines.


What's in it for you?
  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities - for you and our customers.
  • A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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