Senior Financial Analyst, Technology Finance

Scotiabank•Toronto, ON

1d•Onsite

About The Position

Contributes to the overall success of Technology Finance in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The Senior Financial Analyst is responsible for supporting the Technology Finance team to manage the Business Line allocation and service reporting of technology costs, including actuals, forecast and budget and related variance analysis for use by Executive Management for informative and decision making purposes. This includes ensuring that finance and accounting functions satisfy established regulations and procedures, and accurately reflects the financial position of the company. The incumbent is expected to assist in identifying key factors that affect departmental efficiency and escalating anomalies that affect same. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Requirements

A recognized undergraduate degree in Computer Science, Business Administration or related discipline or equivalent qualification is required (IT and/or Accounting Degree preferred)
Advanced Excel skills (including pivot-tables, lookups, advanced formulas) is a must
Proficiency in financial analysis with proven analytical skills (attention to detail is critical)
Experience managing large volumes of data and translating the data into meaningful message
Organized, needs to follow up with many people and maintains data up to date
Very good inter-personal skills with ability to work effectively with colleagues and internal/external customers
Solid organizational skills with ability to provide high quality output during constrained timelines
Strong verbal and written skills, as this position will have interaction with management up to VP level
Attainment or working toward CPA and/or MBA

Nice To Haves

Familiarity with Excel Power Pivot/ Power BI would be an advantage

Responsibilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Managing all aspects of the maintenance of an allocation model, inclusive of accurate and detailed financial reporting as the basis for Global Technology Area's planning, tracking and management of technology costs.
Production and analysis of IT cost allocations based on sound activity-based costing principles
Establish and operationalize effective controls to ensure the completeness and accuracy of resultant information, ensuring that results adhere to accounting principles; are accurately reflected in the general ledger, plan and forecast; and that cost drivers are correctly applied
Manage and perform analysis on large volumes of data, build cost and driver models to provide support to Business Lines.
Prepare monthly reporting to support the Bank's utilization of IT resources in a timely manner
Provide insightful written analysis of Business Line results by comparing to forecast, budgets and prior periods
Perform value added ad hoc support for the Business Lines and Technology
Demonstrate creativity by championing new and innovative approaches of utilizing information for improved decision making and development of key metrics/reports
Ongoing refinements to the activity-based allocation methodologies used for actuals, forecast and budget
Maintain documentation for operating procedures and identify opportunities to implement process improvements
Perform annual review of drivers with Technology and the business lines
Build partnership across departments to obtain support in providing financial insight
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.