Senior Financial Analyst, Technology Business Management
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Key skills for this role
About the Role
Scotiabank is looking for a Senior Financial Analyst to support technology cost management and reporting. The role involves budgeting, forecasting, cost allocation, and financial analysis using advanced Excel and data analysis skills.
Key Skills for This Role
Responsibilities
- Manage and maintain technology cost allocation models and reporting processes
- Produce and analyze IT cost allocations using activity based costing methodologies
- Support monthly, quarterly, and annual budgeting, forecasting, and financial planning activities
- Prepare financial reporting and variance analysis comparing actual results against forecast, budget, and prior periods
- Analyze large and complex datasets to identify trends, risks, and opportunities
- Build and maintain cost driver models to support technology cost management and allocation decisions
- Ensure financial information is accurate, complete, and aligned with accounting principles and internal controls
- Partner with Technology, Finance, and Business stakeholders to provide financial insight and support decision making
- Identify and implement process improvements, reporting enhancements, and efficiencies
- Maintain documentation for reporting processes and allocation methodologies
Requirements
- Undergraduate degree in Accounting, Finance, Business Administration, Computer Science, or related discipline
- Strong financial analysis, budgeting, forecasting, and variance analysis experience
- Advanced Excel skills, including Pivot Tables, Lookups, and complex formulas
- Experience working with large volumes of data and translating findings into meaningful business insights
- Strong analytical and problem solving abilities with excellent attention to detail
- Excellent organizational skills and ability to manage multiple priorities in a fast paced environment
- Strong written and verbal communication skills with ability to present to senior leadership
- Proven ability to build effective relationships across Finance, Technology, and Business teams
- CPA designation or active pursuit (asset)
- MBA designation or active pursuit (asset)
- Experience with Power BI and/or Excel Power Pivot (preferred)
- Prior experience in Financial Services, Technology Finance, Cost Allocation, or FP&A environments (asset)
Full Job Posting
Role Overview
- As a Senior Financial Analyst, Technology Finance, you will play a key role in supporting the financial management and reporting of technology related costs across the Bank.
- Working closely with Technology and Business Line partners, you will support budgeting, forecasting, cost allocation, financial reporting, and analysis activities that drive informed business decisions and support strategic objectives.
Is this role right for you? In this role you will:
- Manage and maintain technology cost allocation models and reporting processes.
- Produce and analyze IT cost allocations using activity based costing methodologies.
- Support monthly, quarterly, and annual budgeting, forecasting, and financial planning activities.
- Prepare financial reporting and variance analysis comparing actual results against forecast, budget, and prior periods.
- Analyze large and complex datasets to identify trends, risks, and opportunities.
- Build and maintain cost driver models to support technology cost management and allocation decisions.
- Ensure financial information is accurate, complete, and aligned with accounting principles and internal controls.
- Partner with Technology, Finance, and Business stakeholders to provide financial insight and support decision making.
- Identify and implement process improvements, reporting enhancements, and efficiencies.
- Maintain documentation for reporting processes and allocation methodologies.
Do you have the skills that will enable you to succeed in this role?
- Undergraduate degree in Accounting, Finance, Business Administration, Computer Science, or a related discipline.
- Strong financial analysis, budgeting, forecasting, and variance analysis experience.
- Advanced Excel skills, including Pivot Tables, Lookups, and complex formulas.
- Experience working with large volumes of data and translating findings into meaningful business insights.
- Strong analytical and problem solving abilities with excellent attention to detail.
- Excellent organizational skills and ability to manage multiple priorities in a fast paced environment.
- Strong written and verbal communication skills with the ability to support and present to senior leadership.
- Proven ability to build effective relationships across Finance, Technology, and Business teams.
- CPA designation or active pursuit of a CPA is considered an asset.
- MBA designation or active pursuit of an MBA is considered an asset.
- Experience with Power BI and/or Excel Power Pivot is preferred.
- Prior experience within Financial Services, Technology Finance, Cost Allocation, or FP&A environments is an asset.
What’s in it for you?
- A rewarding career path with diverse opportunities for professional development.
- An organization committed to making a difference in our communities – for you and our customers.
- A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
- Diversity, Equity, Inclusion & Allyship – We strive to create an inclusive culture where every employee is empowered to reach their fullest potential.
- Accessibility and Workplace Accommodations – We value the unique skills and experiences every individual brings to the Bank.
About Scotiabank
- 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 bankin
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