Finance Manager

Scotiabank • Toronto, ON

1d • Onsite

About The Position

As Manager Finance, RPUL (Retail Payments & Unsecured Lending) Expense Management, you will work closely with business partners and a diverse set of stakeholders providing FP&A support and delivering strategic advice that solves business/reporting challenges. The successful candidate is responsible for managing and coordinating the FTE (full time equivalent) staffing & expense forecast and budget cycles, and for providing insights and analysis that supports expense management capabilities. In fostering relationships with business partners, the Manager will focus on fully understanding business drivers and the underlying financial results, while relentlessly pursuing value generating insights. Reporting to the Senior Manager of Finance, the Manager is responsible for transparent communication of financial results and analysis and all forecasting and budgeting related activities to the RPUL Business.

Requirements

• Post-Secondary degree in Finance, Accounting, Mathematics, Economics or related field
• Minimum 3 to 5 years’ FP&A experience
• Advanced skills with Microsoft Excel, PowerPoint and Power BI
• Proficiency with data management tools
• Solid understanding of accounting, financial and management reporting principles
• Strong data management and modelling skills; ability to build financial models and dashboards
• Understanding of banking financial statements, profitability drivers within Canadian Banking, including knowledge of Retail Lending products
• Excellent communication skills; ability to communicate findings/analysis and present ideas in a clear and concise manner
• Ability to multi-task, work independently and deliver high-quality results under very tight deadlines; continuously assess priorities and business requirement, and balance between regular deliverables and priority executive requests
• Ability to work effectively and achieve results in a matrix organization
• Ability to work as part of a team and independently
• Strong analytical, interpersonal, communication and organizational skills
• Demonstrated leadership skills and stewardship capabilities in a complex and changing environment

Nice To Haves

• MBA, CFA or CPA
• Knowledge of the Bank’s source and reporting system and asset (i.e. Smartview, OBI, PEAK)

Responsibilities

• Monthly & Quarterly Financial Reporting & Analysis of Expenses and FTE Staffing
• Support key stakeholders with analysis of RPUL P&L’s with business drivers and Key Performance Indicators (Net Income, ROE%, Expense growth, Productivity Ratio, Operating Leverage, etc.)
• Identify main drivers of expenses and FTE staffing at the business unit and product levels
• Run monthly reasonability analysis to guarantee accurate month-end closing
• Provide meaningful and relevant analysis and commentary for the monthly and quarter-end reporting (including Blue Book) and other Management Reporting
• Present the Monthly/Quarterly financial results to the business line
• Generate month-end reporting materials for Senior Management
• Responsible for planning, forecasting and analysis of RPUL expenses. Including the annual profit plan, quarterly and monthly forecast and the 5-Year Outlook
• Ensure the timely collection of data and actuals reporting to support forecasting
• Review assumptions and complete analysis to ensure accuracy and completeness of deliverables and understand the impacts to relevant performance metrics of the business
• Coordinate and communicate deliverables within the Business Line and Finance
• Collaborate with the Business to prepare meaningful commentary against submitted forecasts and plans
• Coordinate and present monthly Key Risks & Opportunities with RPUL business partners
• Respond to inquiries from business line partners, finance and other key stakeholders
• Build and leverage sound relationships with key business partners and stakeholders to further improve profitability by helping the business identify blind spots and see around corners
• Provide finance support and analysis on strategic projects including revenue opportunities, strategic transactions, new product/program offerings, amongst many other initiatives
• Maintain an effective system of internal controls over the planning, forecasting and reporting processes and ensure that any SOX controls are addressed
• Identify and implement process improvements and leverage digital solutions to seek ways to enhance the profit planning and forecasting processes which can include, streamlining of operational processes, enhancement to analytical capabilities, reduction in operational risk, and resolving issues related to data inconsistency among the various systems and processes
• Create detailed job-aid documentation, training materials, desktop procedures and documentation of the current reporting and forecasting processes

Benefits

• A competitive compensation and comprehensive benefits plan.
• recognized and rewarded for high-performance
• supported by leadership through meaningful development conversations that enable faster advancement
• internal training to support your growth and development

What This Job Offers

• Job Type: Full-time
• Career Level: Manager