Manager, Specialized Accounting Issues (1 year contract)
Toronto, ON, CA
4d ago

Join the Global Community of Scotiabankers to help customers become better off.

The Manager is responsible for researching and developing accounting policies and procedures, as directed by the Director or Vice-

President, for a broad range of specialized accounting issues under IFRS (including financial instruments - classification and measurement), fair value measurement, and related disclosures.

The Manager must analyze accounting issues and provide advice and counsel relating to various transactions.

Key Job Accountabilities

  • Develop and coordinate the implementation of accounting policies on a broad range of specialized accounting issues. Guide the analysis and assessment of the impact of proposed changes to IFRS, as well as changes in legislation and regulations affecting financial reporting (e.
  • g., OSFI, OSC etc.), for your assigned areas of accounting policy coverage. This necessitates an up-to-date in-depth knowledge of current and proposed accounting standards and reporting requirements, and the ability to assess the impact on the Bank's operations.

    You will be expected to develop appropriate Bank-specific accounting policies and procedures, and co-ordinate their bank-

    wide implementation. Such policies must also provide for meaningful and relevant management reporting information. This implementation may be required within a short time frame of the standard being finalized.

    This also involves advising senior management of the proposed changes and the impact on the all-Bank and business line results, in order to change business behaviour and practices, if necessary.

  • Plan and manage the development of accounting policies for specialized transactions. This requires a consultative process with input from various departments in order to properly identify issues, research possible alternatives under IFRS and, after considering priorities and implications, make recommendations.
  • Respond to accounting changes proposed by IASB and Regulators (OSC, SEC and OSFI). These responses must represent and promote the Bank's interests and may involve working with industry committees.
  • Design and implement the necessary financial statement and MD&A disclosure requirements for specific topic areas. This often involves taking a broad disclosure requirement and shaping it to meet the evolving needs of users of the financial statements.
  • Disclosure requirements must consider applicable accounting and regulatory standards for both quarterly and year-end financial statements.

    Appropriate documentation and procedures for SOX compliance must also be considered.

    Experience and Functional Competencies

  • Good working knowledge of classification and measurement aspects of financial instruments.
  • Solid financial acumen, strong analytical and problem solving skills and expected to manage any number of projects / initiatives / reviews at any given time.
  • Ability to research and understand a vast body of complex material in an efficient and productive manner to produce accurate results and present alternatives.
  • Superior communication skills, both orally and in written memos and other forms of communication are required.
  • Flexible approach in dealing with issues and implementation of IFRS, taking into account alternative treatments, different viewpoints and practical aspects of implementation.
  • Ability to develop and maintain strong working relationships across many departments of the Bank.
  • Good working knowledge of Microsoft Word, Excel and PowerPoint and ability to learn to use the various reporting tools to extract and present information from the Bank's accounting records.
  • Education and Other Requirements

    Canadian CPA, CA designation.

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