25 Oct
Scotiabank
Toronto
Senior Manager, Finance (Scotia Global Asset Management Finance)
Requisition ID: 209494
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Senior Manager is responsible for providing greater financial insight to the business lines partners (internal and external views), management and coordination of planning within Asset Management, and improves the financial production effectiveness.
The Senior Manager provides comprehensive financial review, analysis and evaluation of various business unit's financial performance.
The incumbent reports to the Director, and works in close partnership with the business leaders, CB Finance, and other business partners,
to drive insightful analysis, and continuously looks for opportunities for process optimization.
The Senior Manager is required to demonstrate excellent leadership skills, is accountable for leading and motivating the team to maximize employee engagement and build a high performance and results oriented culture Another key part of the role is to manage business relationships and provide deep-analytics and insights to support the business and drive business results.
This includes conducting research and analysis based on industry and competitive intelligence (such as IFIC statistics, etc), and structuring / organizing data and building efficient reporting solutions.
Is this role right for you? In this role, you will: 1) Reporting - Business Line / Product Level Reporting with Key
Insights
Lead and be responsible for all aspects of business line / product level reporting, which includes, but not limitedto;
Reporting on investment products (such as sales , redemption, market share, etc),
research industry investment product trends (asset class, category, industry sales, industry redemptions, market share) and provide insightful analysis to business leaders and executives
Support business line leaders with regular and ad-hoc reporting requirements – such as assist with product-related questions, profitability deep-dive analysis, etc.
Maintain high level of data integrity within Finance team to ensure accurate reporting.
Any gaps or failures in oversight controls could result in incorrect analysis and information to stakeholders.
2) Reporting - Preparation of monthly and quarterly business lineresults: Lead and be responsible for the monthly, quarterly and annual financial management reporting,
maintaining effective controls and ensuring that timely and accurate information is reported to Senior Management
1.
Prepare monthly / quarterly reporting and analysis package and report on monthly & YTD actual business results relative to plan/forecast/previous year activity.
Prepare monthly / quarterly dashboard for senior management, and monthly departmental expense report for department heads.
Complete quarterly Blue Book, Business Line, Quarterly Overview, and Revenue & Expense Variance analysis and commentary for submission to Senior Management.
Ownership of timely collection of financial and non-financial data from business and supportgroups
Consolidation of brand level results and provide relevant commentary for Asset
Management
Complete analytical reviewto: Ensure completeness and reasonability of forecast, provide viable solutions to issuesraised
Understand the relevant performance of Asset Management business plan vsactuals
Presentation and communication of monthly / quarterly results to businessheads
Establish and maintain systems to efficiently manage the reportingprocess
3) Annual Profit Plan and
Forecasting: Lead and proactively manage the annual profit planning & quarterly and multi-year forecasting for the business lines.
Contribute to the annual profit plan, by meeting with department heads and further developing current processes related to forecasting of driver based inputs;
1.
Timely and accurate preparation of budgets relating to business units and supportgroups
Working closely with the business units, prepare quarterly, whole year revenue and expense forecasts for submission to Senior Management
Ownership of timely collection of financial and non-financial data from businesslines
Complete analytical reviewto: Ensure completeness and reasonability of forecast, provide viable solutions to issuesraised
Understand the relevant performance of the business to baseforecast
Ensure accuracy and completeness of information – profit plan, quarterly update and full year forecast.
For forecasting purposes, recommend financial models and inputs, set appropriate drivers or strategic benchmarks.
Ensure timely submission of annual profit plan,
including analysis of all major revenue and expensecategories.
Coordinate the completion and review of the departmental expense budgets with Department
Heads.
Complete profit plan analysis and presentation deck to senior managementteam
4)
Strategic Thinking and Results
Focused
Act as finance leader to the business and department heads by providing insightful financial analysis and competitive analysis as well as providing support and acting as a liaison, as required, within Wealth Management
5) Developing & Coaching
Talent
Provide strong leadership to Finance team by providing strong leadership, clear and open communication, setting expectations and accountabilities, and providing opportunities for development;
1.
Ensuring expectations including accountabilities,
objectives and goals are effectively negotiated, communicated and monitored for team
Ensuring employee development plans are in place and completing semi-annual and annual performance reviews for all direct reports
Ensuring there is fair and equitable treatment of employees in keeping with the bank's guidelines andprinciples
Creating and encouraging open lines of communication for all staff to effectively accomplish the department's goals andobjectives.
6) Operational Efficiency and Continuous
Improvement
Evaluate policies and processes and provide leadership on team to improve operationalefficiencies.
Lead in developing,
and actively champion departmental and corporate goals to deliver efficient analysis and timely information to internal customers.
Lead problem solving sessions for team to promote critical thinking culture on team.
Coach Managers and Seniors to problem solve effectively to improve efficiency on team.
7) Strong Control Environment and Risk
Management
Ensure that efficient processes and effective oversight controls are in place in Finance to maintian a strong control environment, data integrity and minimize risk
8) Supports the Director in the information gathering process and analysis for strategic and tactical projects and ad-hoc requests by Senior management
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have: Takes accountability for providing excellent service and resolving customer problems promptly andprofessionally.
Extremely strong problem solvingskills Identifies factors that have an immediate effect on departmental business goals with a focus on short to mid-termgoals.
Relationship management - opportunities to collaborate within and beyond valuationteam
Strategic problem solving and stay focused and present to task.
Ability to identify issues and recommend viablesolutions
Ability to efficiently manage multiple priorities to ensure timely delivery while giving strong attention todetail
Must be proactive and have positive workingattitude.
Very strong communication, presentation and interpersonal skills allowing effective interaction with senior management and teammembers
Ability to lead high volume, maintain composure at busy times, and effectively delivery on time sensitiveprojects
Strong knowledge of financial accounting and generally accepted accountingprinciples
Advanced knowledge of Access database querytools
Advance knowledge of business related computer software specifically Excel, Power
Point and
Word
Accounting related experience and advanced analyticalskills
Strong knowledge of the securities and financial services industry (ie investment fundsindustry)
Work in a standard office-based environment; non-standard hours are a commonoccurrence.
University undergraduate degree in Accounting/Finance/Commerce or other relatedfield;
Minimum 5 years in accounting / analysisfunction;
Attainmentorworkingtowardaprofessionalaccountingdesignation(CPA)
Broad knowledge of Bank's asset management products andservices
Highly detailed-oriented, with the ability to work under owninitiative
Database management experience (Access Database tools) along with advanced Microsoft Office skills particularly in Excel and
Access
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.
#scotiafinancejobs
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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) .
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.
▶️ Senior Manager, Finance (Scotia Global Asset Management Finance)
🖊️ Scotiabank
📍 Toronto