Scotiabank Looking for Accountant, Finance Control and Analysis (Tangerine) at North York, ON Full Time

Requisition ID: 168330

Tangerine is Canada’s leading direct bank. We offer flexible and accessible banking options, innovative products, and award-winning Client service. The reason why Tangerine employees come to work each day is to help Canadians live better lives. We focus on making a difference in our communities, and that includes our own internal community. It’s important to us that our employees feel empowered and enthusiastic about belonging to our Orange culture.

Work location: 3389 Steeles Avenue East, North York ON

Department Summary:

The Finance Department at Tangerine is primarily responsible for the capture and reporting of financial information for internal and external audiences in accordance with applicable standards. In addition, the Finance Department performs other important functions. The Treasury Administration function administers securitization transactions and ensures transaction details are accurately captured in our administrative systems so that they can be properly valued, accurately accounted for and appropriately cash settled. The Accounts Payable team ensures that all outstanding obligations are discharged on a timely basis. The Management Accounting Team provides reporting and analysis to support senior management decision making and prepares forecasts each month as to the Bank’s expected earnings. Furthermore, the Management Accounting Team works with the Strategy department and the business to prepare the annual Plan. The Finance Department continually assesses risks and controls and takes action to ensure there is an effective system of internal control over financial reporting and other Finance functions. Finance also supports the business to ensure the successful implementation of corporate initiatives.

Job Purpose:

The Accountant of Finance Control and Analysis is responsible for performing a key control function for ensuring accurate reconciliation of all balance sheet and P&L accounts and compliance with the Bank’s accounting policies and IFRS guidelines. The Accountant understands the source, process and rationale for all entries booked to the general ledger and ensures financial information is accurately reflected in our general ledger and reconciled with relevant sources. The Accountant is able to work with minimal supervision, understands and resolves daily reconciliation issues, has understanding of IFRS standards. The incumbent liaisons with other departments or service providers where necessary to investigate and resolve differences. They will report directly to the Manager of Reconciliation.

Is this role right for you? In this role, you will:

• Analyze assigned general ledger accounts.
• Explain variances for assigned general ledger accounts.
• Reconcile general ledger accounts related to the Bank’s product offerings (i.e. mortgages, securities, mutual funds, overdraft account, deposits and credit cards) and ensure timely identification and resolution of all reconciling items.
• Reconcile general ledger accounts related to the Bank’s operational activities (i.e. payroll, fixed assets, stock-based compensation, leases, foreign currency accounting etc.) and ensure timely identification and resolution of all reconciling items.
• Investigate, follow-up and resolve reconciliation issues spanning multiple channels and a multitude of vendors and systems.
• Co-ordinate activities with external vendors and staff in other departments to investigate and resolve issues.
• Ensure compliance with SOX requirements with respect to the assigned general ledger accounts.
• Assist with answering external audit queries as well as preparing material requested by the auditors.
• Identify and initiate process improvements to reduce manual effort and maintain accuracy and controls.
• Update reconciliation procedures.
• Other duties as assigned.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Education/Experience
  • University Degree in Finance or Business Administration
  • Minimum 2 years of reconciliation experience
• Professional Certification
  • Completion of a financial accounting designation is an asset (Canadian or overseas)
• Specialized Knowledge
  • Understanding of IFRS requirements
  • Strong understanding of all Banking products including, but not limited to, mortgages, investments, mutual funds, credit cards, overdraft accounts and retail deposits
• Technical Skills
  • Systematic approach to problem solving
  • Strong computer skills with advanced proficiency in Excel and Access
• Abilities
  • Proven ability to multi-task and to prioritize competing priorities
  • Ability to successfully meet tight deadlines
• Attributes
  • Logical, clear and organized thinking
  • Excellent verbal and written communication skills

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Location(s): Canada : Ontario : North York

At Tangerine we value the unique skills and experiences each individual brings to the team, and are committed to creating and maintaining an inclusive and accessible environment. If you require accommodation during the recruitment and selection process, please let our Recruitment team know.