Manager, Global AP&P

Scotiabank•Toronto, ON

47d•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

Strong organization skills with the ability to manage multiple projects/initiatives at any given time.
Ability to research and understand a vast body of complex material efficiently and productively to produce accurate results and present alternatives.
Ability to help business lines implement complex accounting requirements.
Solid financial acumen and strong analytical and problem-solving skills.
Accuracy and attention to detail while working under pressure to meet tight deadlines.
Superior communication skills, both orally and in written memos and other forms of communication.
Good interpersonal skills to develop and maintain relationships with a variety of business partners in cross-functional teams.
Must be a 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 and utilize other reporting tools to extract and present information from the Bank's accounting records.

Responsibilities

Ensure key areas of the Bank are aware of and appropriately prepared to manage the impact of new and emerging accounting standards, primarily under IFRS.
Help with the direct implementation of these new accounting standards, research applicable accounting issues, and provide alternatives and recommendations on compliance.
Interact with other departments of the Bank to communicate the implications of new accounting standards and establish their respective roles and responsibilities in implementing the requirements.
Ensure senior management is up to date on the specific accounting implications to the Bank of new and emerging accounting standards.
Identify and research accounting issues, consider areas of flexibility and make recommendations after considering the Bank's priorities. Proposed recommendations should consider the impact on the all-Bank and business line results and potential changes to business behaviour and practices, if necessary.
Review and provide recommendations on the appropriate accounting for proposed transactions that are specialized. The analysis of these transactions will normally require well-documented summaries of the relevant transaction terms, accounting alternatives, and a basis for recommendations. Due to the time-sensitive nature of these pending transactions, the incumbent is expected to provide a timely turnaround of these analyses.
Maintain and update the Bank’s IFRS accounting policies and implementation guidelines on a timely basis. This may also include providing training to users on the new or updated policies/guidelines.
Actively participate in the development and interpretation of new and proposed accounting standards, including disclosures in the financial statements and the MD&A. It will include responding to new accounting standards issued by IASB, FASB and Regulators (OSC, SEC & OSFI). It may also involve participation in CBA sub-committees as well as industry working groups.