Manager, Global Accounting Policies & Procedures

Scotiabank•Toronto, ON

64d•Onsite

About The Position

The Manager is responsible for researching and developing accounting policies and procedures and their implementation for the Bank, as directed by the Director or Senior Manager. It involves analyzing and assessing the impact of accounting standards and proposed changes, resolving complex accounting issues, and providing advice and counsel on specialized transactions where required. As a result, the incumbent must become and remain up to date in the areas of International Financial Reporting Standards (IFRS) within their responsibility and be generally familiar with other major changes to IFRS as they occur.

Requirements

Organized and able to manage any number of projects/initiatives/reviews at any given time.
Able to search and understand a vast body of complex material efficiently and productively to produce accurate results and present alternatives.
Able to implement complex accounting requirements for assigned business lines.
Solid financial acumen and strong analytical and problem-solving skills.
Accurate and attentive to detail while working under pressure to meet tight deadlines.
Superior communication skills, both orally and in written memos and other forms of communication.
Results-oriented yet capable of utilizing an adaptable and flexible approach in dealing with changes in the work/project environment.
Good interpersonal skills to develop and maintain relationships with a variety of staff in cross-functional teams.
Team player with the willingness to take on additional projects and responsibilities to achieve the group's overall objectives and goals.
Good working knowledge of Microsoft Word, Excel and PowerPoint and the ability to learn to use the various reporting tools to extract and present information from the Bank's accounting records.

Responsibilities

Ensuring that key areas of the Bank are aware of and appropriately prepare for and manage the impact of new and emerging accounting standards.
Helping with the direct implementation of these new accounting standards, research issues with respect to specific strategies/transactions and provide alternatives and recommendations on compliance.
Communicating and establishing respective roles and responsibilities in implementing the requirements of new accounting standards with other departments of the Bank.
Ensuring that senior management is up to date on the specific accounting implications to the Bank of new and modified IFRS standards.
Identifying and researching issues, considering areas of flexibility and making recommendations after considering the Bank's priorities, including the impact on all-Bank and business line results.
Reviewing and providing recommendations on the appropriate accounting for proposed transactions that are specialized, including summaries of relevant transaction terms, accounting alternatives, and a basis for recommendations.
Maintaining and updating the accounting monograph (i.e., IFRS policies) and implementation guidelines on a timely basis, including training of users and implications of the new guidelines.
Actively participating in the development and interpretation of new and proposed accounting standards, including disclosures in the financial statements and the MD&A.
Responding to new accounting standards issued by IASB, FASB and Regulators (OSC, SEC & OSFI).
Participating in CBA subcommittees as well as industry working groups.