Associate, GBM Project Financial Control - Toronto

Requisition ID: 175340

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

Purpose

The Project Financials Control Group Associates assist on a portfolio of projects which are divided across the team - looking after project financials, ensuring pay outs are being done monthly, tracking actuals vs forecast, preparing accruals, conducting financial forecasting and liaising with project managers to ensure they are within budget.

Is this role right for you?

• 70% maintenance, 30% standard reporting and maintaining relationships and communicating the project financial piece
• Downloading multiple reports from various platforms and combining them into Excel (supporting the centralization)
• Point of contact for financial questions/ needs (provide any required details and reporting figures to stakeholders i.e. how much do we expect to see coming in in forecast)
• Forecast, accruals updates and management between stakeholders
• Cost tracking and financial reporting metrics
• Invoice processing and maintenance
• Timesheet monitoring using Clarity, Fieldglass and JIRA/Confluence, how many timesheets will they be monitoring (managing 50-60 resources)
• Maintaining vendor relationships (approx. 30-40 vendors overall)
• Contract management and record keeping
• Other administrative tasks as required
• Maintain the budget; this includes auditing items to be delivered under projects, reviewing the weekly and monthly time tracking reports for anomalies, ensuring all invoices have been approved with the proper sign-offs prior to payment and ensuring drawdowns are properly recorded and maintaining ongoing cost to complete forecasts. This includes full reconciliation of the project budget and completing investigations for differences as they occur.
• Working with Delivery Managers and Vendors to correctly collect and record accruals information
• Working with Delivery Managers to create and maintain project forecast
• Track project budgets and expenditures, monitor transaction controls and costs against budgets.
• Predict potential budget overruns and offer solutions.
• Review contracts, cost proposals and contract supplements.

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

• Bachelor’s degree in related field and/or business, finance, accounting.
• 3-4 years of experience working with large volumes of data within Excel (index match, vlookup, complex formulas, experience centralizing information into Excel)
• 3-4 years of experience with financial forecasting, accruals, reporting and managing project financials
• Basic accounting/finance knowledge (specifically – Actuals vs. Accruals vs. Forecast, Capital vs. Operating expense, how financial projects work, development vs. research phases etc…)
• Knowledge of Capital Markets, Project management and Timesheet management tools such as Clarity, Fieldglass and JIRA/Confluence are considered an asset
• Excellent communication skills, detail oriented, analytical, and a self starter who is willing to learn
• Strong ethics (dealing with sensitive information)

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.