Manager, Financial Planning and Analysis - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 163091

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Manager is a senior level role and is a key partner in supporting Scotia Global Asset Management (SGAM) within Global Wealth Management.

The role is responsible for compensation expense oversight and governance, modeling, financial reporting for SGAM, planning & analysis for SGAM, providing financial insight to the business lines partners (internal and external views).

The role reports to the Senior Manager, and works in close partnership with the business leaders, and other business partners on reporting, analysis, and continuously looking for opportunities for process optimization.

The role is required to demonstrate strong leadership skills to drive adoption of new financial planning (budgeting and forecasting) processes and procedures within Scotia Global Asset Management Finance

Key Accountabilities:

Manager, Financial Planning and Analysis (Scotia Global Asset Management, Canada):

The Manager, Financial Planning and Analysis plays a key role in supporting the asset management leaders in helping them execute on their financial strategies and overall financial performance.

The Manager is responsible for providing greater financial insight to the business lines partners (internal and external views), management and coordination of planning within Asset Management, and improve the financial production effectiveness.

The incumbent reports to the Senior Manager, and works in close partnership with the business leaders, CB Finance, and other business partners, to drive insightful analysis, and continuously looks for opportunities for process optimization.

The Manager is required to demonstrate strong leadership skills to drive adoption of new financial planning (budgeting and forecasting) processes and procedures within Asset Management.

A key part of the role is to manage business relationships and provide deep-analytics and insights to support the business and drive business results.

This includes conducting research and analysis based on industry and competitive intelligence (such as IFIC statistics, etc), and structuring / organizing data and building efficient reporting solutions.

In addition, the Manager, is also responsible for managing the - (1) monthly / quarterly reporting, (2) development of the annual financial plans, (3) and quarterly forecasts for the business.

The incumbent is also responsible for maintaining and continuous improvement of the management reporting system for Canadian Asset Management Finance and to support finance-related issues for the division.

Business Line / Product Level Reporting and Insightful Analysis
Maintain internal reporting on investment products (such as sales, redemption, market share, etc), research industry investment product trends (asset class, category, industry sales, industry redemptions, market share) and provide insightful analysis to business leaders and executives
Support business line leaders with regular and adhoc reporting requirements such as assist with productrelated questions on Request for Proposals (RFPs)
Provide insightful analysis to the business leaders to drive business results
Provide competitive insights to the business leaders to measure relative performance vs industry and peers
Preparation of quarterly business line update and fullyear forecast:
Ownership of timely collection of financial and non-financial data from business and support groups
Consolidation of brand level forecast for CAM
Ensure accuracy and completeness of quarterly update and full year forecast
Complete analytical review to:
Ensure completeness and reasonability of forecast, provide viable solutions to issues raised
Understand the relevant performance of Asset Management business plan vs actuals
Communication of quarterly results to Senior Manager
Establish and maintain systems to efficiently manage the process
Annual Profit Plan and Forecasting:
Actively participate in the annual profit planning & quarterly and multi-year forecasting for the business lines. Contribute to the annual profit plan, by meeting with department heads and further developing current processes related to forecasting of AUM driven items
Timely and accurate preparation of budgets relating to business units and support groups
Ownership of timely collection of financial and nonfinancial data from business lines
Complete summary deck for CAM divisional profit plan, for presentation to senior management team
Complete analytical review to:
Ensure completeness and reasonability of forecast, provide viable solutions to issues raised
Understand the relevant performance of the business to base forecast
Monthend and Quarterend Reporting
Actively participate in monthend and quarterend reporting process.
Prepare quarterend results for Asset Management
Ensure accuracy and completeness of quarter end