Manager, Compensation & Benefits Finance (2 Year Term)

Scotiabank•Toronto, ON

10d•Onsite

About The Position

The Global Financial Planning & Analysis, Expense Management team manages the Bank's expense management policies and processes, including planning, forecasting, and reporting, while providing insightful analysis and recommendations for management. The team is also responsible for compensation/benefit planning, accounting, reporting and analysis. The Manager, Compensation and Benefits Finance is responsible for managing the planning and analysis of compensation and benefits across the Bank. This includes, but not limited to, Annual Incentive Plan (AIP), Stock Based Compensation (SBC), Pension and Employee Benefit. The individual is also responsible for the appropriate allocations of these expenses to the business line. 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 expense. This position has a high level of interaction with various HR teams, Group Treasury, Accounting Policy Procedures, Business Line Finance areas and Taxation.

Requirements

General understanding of accounting principals; familiarity with SBC vehicles and/or derivatives.
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 with 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).
Experience managing staff.
University degree in finance, accounting, or business.

Nice To Haves

Shareworks system experience an asset.
Accounting designation and/or graduate degree in finance/accounting/business would be an asset.
Advanced Excel skills (including experience with pivot tables, vlookups, macros, VBA, etc.) and ability to design spreadsheets and automate processes.
Strong attention to detail.

Responsibilities

Manage the valuation, accounting, reporting, analysis and forecasting of 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 resolve any monthly accounting and/or booking issues.
Assist HR Total Rewards in implementing any plan changes.
Advise Group Treasury and Hedge Accounting of outstanding SBC units and work with partners to ensure appropriate levels of hedges are executed and accounted for correctly.
Manage/oversee the accounting, reporting, analysis and forecasting of the Bank’s Canadian AIP programs, centrally managed Canadian Pension and Benefits, including Scotia Pension Plan, post retirement benefits plans, FLEX benefits, ESOP and Global Employee Recognition.
Drive the monthly and quarterly accuracy and integrity of accounting results.
Develop and maintain equitable allocation drivers and methodologies under the mandate of this role.
Communicate transparently the drivers to business lines and address potential issues or feedback as appropriate.
Lead the quarterly review of global stock-based compensation, Annual Incentive Plan and Pension & Benefits to ensure accuracy in part by comparing to prior quarter and pre-quarter end forecasts.
Provide concise and meaningful commentary and analysis for inclusion into monthly management reporting, the all-Bank sections of the Bluebook, MD&A and other external disclosures.
Actively support the team, the Senior Manager and the Director by providing analytics and commentary for ad-hoc requests (including from the CFO) and our business and Finance partners.
Proactively work with the team, Senior Manager and the Director in pursuing enhancements that will create efficiencies within our processes and add value and additional insight to our customers and business partners.