Associate Director, Financial Planning & Analysis

EQ Bank | Equitable Bank; Toronto; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An innovative financial institution is seeking a dynamic AD/Sr. Manager for Financial Planning & Reporting. This pivotal role involves enhancing financial models and reports that drive key management decisions. You will collaborate with senior leadership, oversee a team, and contribute to process improvements within a diverse and inclusive environment. With a focus on analytical skills and advanced Excel capabilities, this position offers a chance to make significant impacts in a rapidly growing sector. Join a forward-thinking company that values creativity and teamwork, and enjoy a hybrid work model with competitive benefits.

Benefits

Competitive bonus

RRSP match

Employee share plan

Parental top-up

Generous vacation

Personal days

Professional development opportunities

Virtual events

Qualifications

• Minimum 8 years of relevant experience in financial planning and reporting.
• Experience supervising team members and leading projects.

Responsibilities

• Support financial modeling and reporting for Personal Lending and Digital Bank portfolios.
• Analyze financial data and present insights to management.

Skills

Financial Modeling

Analytical Skills

Excel (Pivot Tables, VLOOKUP, SUMIFS)

Problem-Solving

Communication Skills

Organizational Skills

Education

Post-secondary degree in Accounting, Finance, Economics, or Business

MBA/CPA/CFA

Tools

SQL

MS Office

Job description

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Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in assets under management and administration, with a mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

This opportunity will play a pivotal role within the Financial Planning and Reporting team in one of the fastest growing financial institutions in Canada. The AD/Sr. Manager, Financial Planning & Reporting will use their financial modeling and analytical skills to develop or enhance scheduled and ad hoc models and reports that drive key management decisions.

Strong organization and multi-tasking skills are essential, and the individual should be able to work independently with initiative. Although there are 2 direct reports under this role, the Sr. Manager/ AD must also be willing to take a hands-on approach and pay high attention to detail.

The individual will need excellent interpersonal and communication skills, as they will work extensively with department heads and leadership. The ability to gather and document reporting requirements and statements of work is crucial.

The Core Responsibilities

• Support the Personal Lending, Payments, and Digital Bank portfolios, primarily supporting the Head of Personal Business

Maintenance of Financial Models (25%)

• Collaborate with Senior Management to gather relevant assumptions for financial models
• Develop and maintain financial models for monthly, quarterly, and annual reporting
• Deliverables include budgets, forecasts, monthly reports, accruals, NIM, profitability, ROE, and pricing analysis
• Review output from detailed financial models for accuracy
• Ensure data extraction and interpretation are accurate
• Employ advanced Excel skills (Pivot Tables, VLOOKUP, SUMIFS, etc.)
• Review work of Financial Analysts and Associates

Financial Analysis/Ad hoc Reporting (35%)

• Collect, consolidate, and analyze financial data and KPIs
• Present insights and recommendations to management monthly and quarterly
• Handle ad hoc requests with flexibility and attention to detail
• Review work of team members involved in analysis and reporting

Enhance Financial Analysis and Processes (25%)

• Work with senior leadership to improve models, analysis, and reporting processes
• Assess and implement process improvements, including automation
• Review team work on process enhancements

Leadership (15%)

• Foster a positive team environment
• Resolve conflicts promptly and fairly
• Coach and develop team members
• Promote diversity, equity, and inclusion
• Encourage accountability and open communication

Let's Talk About You!

• Post-secondary degree in Accounting, Finance, Economics, or Business
• MBA/CPA/CFA preferred
• Minimum 8 years of relevant experience
• Experience supervising team members
• Knowledge of mortgage and personal banking products
• Advanced MS Office skills, especially Excel and macros
• Experience with data manipulation and database tools (SQL is an asset)
• Financial statement and modeling knowledge
• Strong problem-solving, organizational, and communication skills
• Ability to manage multiple priorities and work independently or in teams

What We Offer

• Competitive bonus, RRSP match, benefits, employee share plan
• Parental top-up, generous vacation and personal days
• Virtual events, professional development, and career growth opportunities
• Hybrid work model at Toronto location

Equitable Bank values inclusion and diversity. We support accommodations during the recruitment process. Candidates will undergo background and credit checks. Only candidates closely matching the role will be contacted.