Financial Analyst

Nav Canada; Ottawa; On-site; CAD 96,000 - 127,000; Full time

Job summary

NAV CANADA is seeking a Financial Analyst to contribute to financial analysis, validation, and reporting. The ideal candidate will possess a degree in commerce or business and significant experience in financial transactions, ensuring compliance with IFRS. This is a hybrid position based in Ottawa, offering competitive benefits and opportunities for growth.

Benefits

Competitive compensation and benefits

Defined benefit pension plan

Flexible work arrangements

Diverse and inclusive workforce

Qualifications

• Minimum 5 years of relevant experience.
• Experience in financial transactions and reporting.
• Experience in financial advisory services.

Responsibilities

• Carry out financial analysis and validation against budget.
• Prepare detailed variance analysis schedules.
• Provide guidance to project managers on financial matters.

Skills

Effective communication

Analytical thinking

Organizational skills

Time management

Education

Bachelor's degree in Commerce or Business Administration

Tools

Excel

PowerPoint

Word

Job description

Job Posting Title
Financial Analyst

Job Category
Financial Planning & Analysis

Language Requirements
Bilingual / Bilingue
In the event a qualified bilingual candidate is not found, a qualified unilingual candidate will be considered. / Dans l'éventualité où un candidat bilingue qualifié n'est pas disponible, un candidat unilingue qualifié sera considéré.

Flexible Work Agreement Type
Hybrid / Hybride

Posting End Date
2025-05-09

Job Grade
FI-2

Pay Range
$96,968 - $126,931

Job Summary
The Financial Analyst is responsible for carrying out financial analysis and validation of purchases against the approved budget, analysis in the preparation of consolidated financial statements, budgets and forecasts, ensuring adherence to International Financial Reporting Standards (IFRS). Preparing and verifying journal entry adjustments and accruals, preparing required reports for financial validations, month-end, quarter-end reviews, year-end audit and budget presentations. The financial analyst also prepares ad hoc accounting analysis.

Job Description

What NAV CANADA offers you:

• Challenging, team-oriented work environment
• Competitive compensation and benefits
• Defined benefit pension plan
• Opportunities for growth and development
• Flexible work arrangements
• Diverse and inclusive workforce

Key Accountabilities:

• Carry out and document financial validation of purchases against the approved budget and forecast, validation of cost information, accounting coding and price escalations.
• Carry out financial analysis, verification, processing and posting of journal entries to G/L including adjustments, accruals, reversals and recurring entries.
• Ensure reasonableness of account balances. Analyze, review, verify, monitor, and track transactions for operating and capital expenditures and staffing data, including extracting departmental data from forecasting/budgeting system.
• Prepare detailed variance analysis schedules to clients.
• Prepare monthly financial reporting for review by Senior Leadership Team.
• Provide advice and support to departments on procurement, budgeting and forecasting, and financial inquiries as it relates to business decision making.
• Provide guidance and support to project managers in procurement, developing capital project budgets for including in financial forecasts/budgets and approval documents.
• Work with project managers to transfer completed projects to fixed assets on a timely basis.
• Develop solid understanding of NAV CANADA business plan, delegation of financial authority, budgeting, forecasting, and accounting policies and procedures.
• Undertake or participate in special projects, as assigned (e.g. Benchmarking, Business Process Analysis)

Job Requirements

Education:

• Graduation with a bachelor's degree from a recognized university or a diploma from a community college and acceptable specialization in commerce or business administration.

Experience:

• A minimum of five (5) years of relevant knowledge and experience.
• Experience in monitoring financial transactions, reconciling accounts, preparing and analyzing financial information.
• Experience developing complex financial reports/spreadsheets.
• Experience providing financial advisory services.

Knowledge:

• Knowledge of organizational structures, cost hierarchies, and mandates.
• Knowledge of theories, principles, standards, best practices, concepts, methods and techniques required to develop and monitor financial reporting and budgeting and forecasting procedures and processes.
• Knowledge of GAAP/IFRS, particularly those for capital expenditure.
• Knowledge of financial analysis, budgeting and forecasting, and financial administration policies, processes and/or procedures.
• Knowledge of research, data collection, validation, verification and analysis methods and techniques for financial reporting and control systems.
• Knowledge of presentation, consultation and writing methods and techniques, as well as various software applications, automated tools and systems to carry out the work.
• Knowledge of Excel (advanced level - functions, pivot tables), PowerPoint, and Word.

Abilities:

• Ability to communicate effectively, both orally and in writing, and to provide consultation and hands-on assistance to a client community.
• Ability to set priorities and perform multiple tasks in a changing environment and coordinate processes for financial transactions.
• Ability to work independently with minimum direction and supervision in a fast-paced demanding environment.
• Ability to handle multiple client requests and conflicting deadlines with confidence and appropriate level of management involvement.
• Strong organizational skills and a detailed and methodical approach to work plan and execution.
• Ability to review materials for accuracy and completeness and take appropriate action.
• Ability to develop financial reporting, budgeting and forecasting systems, procedures and processes.

Personal Suitability:

• Demonstrates analytical thinking and ability to complete work independently.
• Exceptional attention to detail in all aspects of documentation and closing monthly financial records.
• Showcases curiosity and persistence to provide an in-depth and thorough analysis.
• Effective interpersonal relationships, tact, diplomacy, discretion, collaboration with colleagues and clients.
• Demonstrates good judgement and properly plans a course of action when required.
• Dependability and reliability (ability to meet responsibilities in a complete and timely matter).
• Effective leadership techniques necessary to build strong relationships with stakeholders.
• Effective time management and ability to manage competing requests and timelines.

Working conditions:

• This position is based at the Ottawa Head Office but may be eligible for a flexible work arrangement.

Nav CANADA is committed to building a skilled, diverse workforce reflective of Canadian society. If you do not believe that you match every job requirement listed on this job posting, we still encourage you to apply. NAV CANADA encourages a culture of learning and growth, and recognizes that although some technical skills are mandatory, many others can be taught.

Our Company strives to create an inclusive and barrier-free selection process and work environment. If you require accommodations during this competition process, please ensure that you inform the interview coordinator or hiring manager of any accommodation measures you may require. NAV CANADA will provide accommodations throughout the recruitment and selection process to applicants with disabilities as required.

The successful candidate must meet the security requirement of the position and be legally able to work in Canada.

We thank all applicants for their interest; only those selected for an interview will be contacted.

• Customized rewards programs that focus on flexibility and work-life integration
• Repeated content about rewards programs