Manager, Expense Accounting

Scotiabank • Toronto, ON

1d • Hybrid

About The Position

Leads and oversees Expense Accounting Oversight / Global Payment Operations in Canada ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. In this role, the incumbent will lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge. They will manage a team of operational personnel in Toronto that provides oversight on expense accounting including expense GL reclassifications, accruals, deferrals & pre-payments, asset management, cheque deposits, payroll, etc. The role involves preparing and maintaining operational procedures related to expense accounting processes and oversight activities, and interacting remotely with the Global Finance Services Unit processing team in Bogota, Colombia, including conducting training of staff and providing clarification on operating procedures. The Manager will provide coaching and feedback to GPO (Global Payment Operations) team members, support employee personal development plans, and promote collaboration to ensure business continuity and success of continuous improvement initiatives. They will coordinate the review and execution of complex accounting entries (e.g. intercompany settlements for Residual Profit Sharing and intercompany Service Level Agreement (SLA) invoices), consolidate Fixed Assets continuity schedules into the Financial Statement notes, and contribute requirements that deploy automation and AI for processing and monitoring of journal entry transactions. The role also involves contributing to the maintenance of SOX documentation describing the controls for expense recording, acting as a Business Partner to advise on Business Unit (BU) specific journal entry submissions and responding to BU escalations. The Manager will monitor operational efficiency and effectiveness through the development, maintenance, and reporting of expense accounting KPIs/KRIs. They will understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. The role requires creating an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk. The Manager will build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vision/values/business strategy; and managing succession and development planning for the team. The role oversees a team of 3 full-time employees, involves regular in-person interaction with Finance personnel in Toronto, and regular remote interaction with Accounts Payable personnel GBS located in Bogota, Colombia. The position is subject to SOX reporting and control accountabilities for expense recording that are audited annually and supports all business units in Canada.

Requirements

• Bachelor’s degree in Business administration, Accounting, Economics, Commerce or other Finance fields of study
• Minimum 3 years of experience in a Senior accounting capacity
• Knowledge of PeopleSoft ERP modules: AP, GL, AM, PC, Excel

Responsibilities

• Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Manage a team of operational personnel in Toronto that provides oversight on expense accounting including expense GL reclassifications, accruals, deferrals & pre-payments, asset management, cheque deposits, payroll, etc.
• Prepare and maintain operational procedures related to expense accounting processes and oversight activities
• Interact remotely with Global Finance Services Unit processing team in Bogota, Colombia including conducting training of staff and providing clarification on operating procedures
• Provide coaching and feedback to GPO (Global Payment Operations) team members, support employee personal development plans, and promote collaboration to ensure business continuity and success of continuous improvement initiatives
• Co-ordinate the review and execution of complex accounting entries (e.g. intercompany settlements for Residual Profit Sharing and intercompany Service Level Agreement (SLA) invoices)
• Consolidate Fixed Assets continuity schedules into the Financial Statement notes
• Contribute requirements that deploy automation and AI for processing and monitoring of journal entry transactions
• Contribute to the maintenance of SOX documentation describing the controls for expense recording
• Act as Business Partner to advise on Business Unit (BU) specific journal entry submissions and responds to BU escalations
• Monitor operational efficiency and effectiveness through the development, maintenance, and reporting of expense accounting KPIs/KRIs
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk
• Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team
• Oversee team of 3 full-time employees
• Regular in-person interaction with Finance personnel in Toronto
• Regular remote interaction with Accounts Payable personnel GBS located in Bogota, Colombia
• Subject to SOX reporting and control accountabilities for expense recording that are audited annually
• Support all business units in Canada

Benefits

• A competitive compensation and comprehensive benefits plan
• You will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development

What This Job Offers

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