Senior Financial Analyst

Merrithew®; Golden Horseshoe; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading company in fitness equipment is seeking a Senior Financial Analyst to join their finance team. The role involves forecasting, profitability analysis, and collaboration with various teams to drive business decisions. Candidates should have strong analytical skills and a background in financial processes, especially in a global context.

Qualifications

• 5+ years of experience in financial analysis or related roles.
• Strong experience in forecasting and profitability analysis.

Responsibilities

• Enhance and manage monthly and annual forecasting process.
• Analyze product profitability to ensure financial goals are met.
• Prepare and present financial reports to senior leadership.

Skills

Analytical Skills

Communication Skills

Education

Bachelor’s degree in Finance

CPA

Tools

Microsoft Excel

Sage BI

Sage 300

Job description

Job Title: Senior Financial Analyst

Company: Merrithew International

Location: 1271 Tapscott Rd, Scarborough, ON M1X 1S9

About Merrithew

Merrithew's mission is to motivate people of all ages and life stages to lead healthier lives through high-quality education programs and cutting-edge equipment. We do this by supporting and inspiring people worldwide to achieve optimal fitness and wellness through premium programming and equipment. Our mission is based on the value we place on education, connection, respect, passion, integrity, leadership, accountability and quality.

Industry-leading equipment

Merrithew has dedicated more than 30 years to building, crafting and perfecting high quality exercise equipment for professional and personal use. Using the highest quality materials and finest manufacturing processes in the industry, our equipment is versatile, durable and built to last, and is used by fitness and health care professionals around the world. Our care and craftsmanship is evident in every detail. Merrithew recently opened a brand new 110,000 square foot manufacturing and warehouse/distribution facility doubling its capacity to meet the growing international demand for its products.

World-class education

Merrithew has trained more than 60,000 partners worldwide in mind-body movement. Our premium Pilates program, STOTT PILATES, is one of the most sought-after training modalities in the industry. This contemporary approach to the original exercise method pioneered by the late Joseph Pilates, is one of the safest, most effe ctive methods of exercise available.

Position Overview

We are seeking a Senior Financial Analyst to join our dynamic finance team. In this role, you will focus on forecasting, planning, product profitability analysis, regional profitability assessments, customer account profitability. The ideal candidate will possess advanced analytical skills, deep financial acumen, and a comprehensive understanding of manufacturing and service-based financial processes, especially in a global context.

This position requires a strong background in, financial forecasting, budgeting and planning, price/profit analysis, and an understanding of standard cost systems. As well as the ability to work with diverse teams to drive business decisions and improve profitability across product lines and regions.

This position will report to the Finance Manager, treasury, planning and risk management, and will work with the companies’ leadership team and investment partners improving all aspects of financial analysis and reporting.

Major Responsibilities

• Forecasting & Financial Planning
• Enhance and manage the monthly and annual forecasting process for revenue, costs, and profitability.
• Work closely with cross-functional teams to gather key data and assumptions for financial forecasts.
• Provide timely and accurate financial forecasts to support business decisions at the product, regional, and account levels.
• Identify and track key performance indicators (KPIs) and provide actionable insights to senior leadership.
• Profitability Analysis (Product, Region, and Account)
• Analyze product profitability to ensure the company's products are priced and produced in a way that meets financial goals.
• Conduct detailed regional profitability analyses, considering cost of goods sold (COGS), regional overhead, and operational expenses. Along with landed cost analysis for various geographies.
• Perform account-level profitability assessments to ensure the right products are being sold to the right customers at the right margins.
• Recommend adjustments to pricing, product mix, or sales strategy based on profitability analyses.
• Cross-Functional Collaboration & Support
• Collaborate with the supply chain, procurement, sales, and operations teams to obtain key data inputs and insights.
• Assist in the preparation of financial reports for internal and external stakeholders.
• Provide support for strategic decision-making, highlighting opportunities for cost savings and process improvements.
• Financial Reporting & Data Integrity
• Prepare and present financial reports and analysis to senior leadership, highlighting key trends, variances, and opportunities for improvement.
• Ensure accuracy and integrity of financial data related to product costing, profitability, and forecasting.
• Ad Hoc Analysis & Continuous Improvement
• Perform ad hoc financial analysis to support various business initiatives.
• Continuously improve the financial forecasting and reporting process, identifying areas for automation or increased efficiency.
  
  

Skills And Qualifications

• Education:
• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• CPA, CFA, or MBA is a plus.
• Experience:
• 5+ years of experience in financial analysis or related roles within manufacturing, services, or international businesses.
• Strong experience in forecasting, profitability analysis, and financial modeling.
• Solid understanding of cost accounting, standard costing systems, and product costing.
• Experience in an international business environment and working with globally sourced products and parts is highly preferred.
• Technical Skills:
• Proficiency in Microsoft Excel (advanced), with the ability to create complex models, perform analysis, and generate reports.
• Experience with Business Intelligence reporting tools (Sage BI or Microsoft BI or similar)
• Experience with ERP systems (Sage 300 & Microsoft Enterprise) is preferred.
• Familiarity with financial forecasting tools & MRP tools
• Analytical Skills:
• Strong analytical mindset with the ability to interpret financial data and translate it into actionable business insights.
• Ability to perform detailed variance analysis and recommend practical solutions.
• Communication Skills:
• Excellent written and verbal communication skills, with the ability to present financial information to both financial and non-financial stakeholders.
• Ability to collaborate effectively across teams and functions.
• Attention to Detail:
• Strong attention to detail and accuracy, especially in cost calculations and financial reporting.
  

Merrithew is committed to providing accessible employment practices that comply with the Accessibility for Ontarians with Disabilities Act (AODA).

Merrithew is committed to providing a barrier-free access workplace. If you need accommodation at any stage of your application, or want more information on our accommodation policies, please contact us "[e-mail]"

Merrithew is proud to be an Equal Opportunity Employer. Our organization respects and follows the letter and spirit of the Ontario Human Rights Code. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or any other code grounds