Accounting Officer, Settlements

Scotiabank•Ottawa, ON

2d•Onsite

About The Position

The Accounting officer- Settlements, MD Financial is responsible for all departmental money movements. These include between companies and accounts and to external providers such as NBIN, various GIC issuers and Fundserv. This person will respond to daily client service requests from the front and back office. The Accounting officer assists the Reconciliation Analysts and Manager as necessary. The Accounting officer will have excellent attention to detail and the ability to follow processes and procedures with minimal supervision.

Requirements

Good understanding of the financial services industry
Basic knowledge of accounting practices
College diploma or university degree in Business Administration
Good technical expertise with various software packages - proficient in the use of Microsoft Windows including Excel, Word, and MS Outlook
Excellent attention to detail, organizational skills, and ability to prioritize multiple tasks
Client service, business acumen and good problem-solving skills
Demonstrated written and oral communication skills
Team player with ability to work autonomously
Strong interpersonal skills
A proven commitment to achieving results and meeting tight deadlines

Nice To Haves

Bilingualism is an asset

Responsibilities

Prepare daily settlements (GIC issuers, Fundserv, NBIN, Scotiatrust, CDS)
Manage daily cash movements and journal entries across dealer bank accounts (inter-dealer and alternate settlements)
Support A$M (Fundserv) settlements, including preparing backup and processing required transactions
Execute daily FX conversions for dealer bank accounts
Monitor and track overdraft balances across client-related accounts
Respond to internal client inquiries and manage daily mailbox communications
Process stop payments, void cheques, and high-volume tax remittances to CRA and IRS (for all dealers)
Maintain and document departmental procedures and processes
Liaise with external stakeholders (consultants, service providers, auditors, commercial bankers)
Update client interest rates in R-Broker and maintain internal website content for financial consultants
Assist with year-end audit confirmation processes
Support additional tasks and projects as assigned by the manager