Associate Director, Financial Planning & Analysis

Equitable Bank; Toronto; Hybrid; CAD 100,000 - 130,000; Full time

Job summary

A leading bank in Toronto is seeking an experienced financial lead to support Personal Lending, Payments, and Digital Banking portfolios. The role involves financial modeling, analysis, team leadership, and improvement of processes. The ideal candidate will have a strong background in finance and offer leadership to junior team members. This hybrid position also includes competitive bonuses and comprehensive benefits.

Benefits

Competitive bonus

RRSP match

Comprehensive benefits

Employee Share Purchase Plan

Parental top-up

Generous vacation

Professional development allowance

Qualifications

• Minimum 8 years relevant experience with oversight of junior team members.
• Knowledge of mortgage and personal banking products is required.
• Proficiency in MS Office and financial modeling concepts.

Responsibilities

• Maintain financial models, develop reports for management.
• Perform financial analysis and present insights to senior management.
• Foster a collaborative work environment and manage team performance.

Skills

Analytical skills

Problem-solving

Organizational skills

Communication skills

Education

Bachelor's degree in Accounting, Finance, Economics, or Business

Tools

Excel

SQL

Job description

This role will specifically support the Personal Lending, Payments, and Digital Bank portfolios and serve as the primary financial lead supporting the Head of Personal Business.

Maintenance of Financial Models (25%)

• Liaise with Senior Management within various Business Units to collect assumptions that drive Financial Model output.
• Develop and maintain financial models distributed to Senior and Executive Management monthly and quarterly.
• Key deliverables include:
• Annual Budget Model
• Quarterly Financial Forecasts
• Monthly Financial Reports
• Monthly Vendor Spend Accruals and Reporting
• Business Unit NIM and profitability reporting, ROE, and pricing analysis.
• Run and review outputs from detailed Financial Models, ensuring data accuracy and proper interpretation.
• Employ advanced Excel skills (Pivot Tables, IF statements, VLOOKUP, OFFSET, SUMIFS, MATCH-INDEX) to build efficient models.
• Review work related to Financial Models by Financial Analysts and Rotational Associates.

Financial Analysis / Ad hoc Reporting (35%)

• Collect, consolidate, and analyze financial data and KPIs from various sources.
• Present results with insights and recommendations to management monthly and quarterly.
• Maintain flexibility, autonomy, and attention to detail under tight deadlines.
• Deliverables include efficiency and KPI reports, ad hoc reports, and review of team members' work.
• Assist in other Finance and Accounting areas as needed.

Enhance Financial Analysis and Processes (25%)

• Work with Senior Director to define and implement enhancements to models and reporting.
• Assess and improve budgeting and forecasting processes, including new tools.
• Improve technical accuracy, validation, and organization of analyses.
• Structure processes, develop documentation, and identify efficiencies to reduce manual effort and errors.
• Review work related to process enhancements.

Leadership (15%)

• Foster a positive, collaborative work environment.
• Address conflicts promptly and fairly.
• Demonstrate performance management, setting expectations, and coaching team members.
• Promote diversity, equity, and inclusion.
• Encourage accountability and open communication within the team.

Qualifications

• Four-year degree in Accounting, Finance, Economics, or Business.
• Minimum 8 years relevant experience, including oversight of junior team members.
• Knowledge of mortgage and personal banking products.
• Proficiency in MS Office, especially Excel; experience with database tools like SQL is a plus.
• Understanding of financial statements, reporting, and modeling concepts.
• Strong analytical, problem-solving, organizational, and communication skills.
• Ability to handle multiple priorities and work both independently and in teams.

What We Offer

Competitive bonus, RRSP match, comprehensive benefits, Employee Share Purchase Plan, parental top-up, generous vacation, virtual events, professional development allowance, and more. The role involves hybrid work at our Toronto office, located at 2200-25 Ontario Street.