Financial Analyst

Monex Canada; Toronto; On-site; CAD 50,000 - 70,000; Full time

Job summary

A premier financial services firm in Toronto seeks a Financial Analyst to support budget preparation and financial reporting. The role requires strong accounting skills, experience in financial services, and proficiency in Power BI. Ideal candidates are client-focused and possess excellent analytical abilities. Join us for a dynamic career in a supportive environment.

Benefits

Career growth opportunities

Dynamic work environment

Competitive salary

Qualifications

• Experience in a similar role within a commercial environment.
• Knowledge of Canadian financial regulations.
• 0-3 years of experience in financial services/payments.

Responsibilities

• Support the preparation of budgets and forecasts.
• Prepare and report on Monthly Profit and Loss.
• Maintain data files/records for operational analysis.

Skills

Client-focused

Strong accounting

Problem-solving

Communication skills

Analytical skills

Education

Degree in corporate finance

Tools

Power BI

Job description

Financial Analyst | Toronto

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

Monex Canada is a rapidly expanding premier financial services firm specializing in foreign exchange and international payment solutions. We are dedicated to empowering Canadian businesses by offering competitive exchange rates, strategic risk management, and personalized service.

Our team is committed to excellence, leveraging deep market insights and innovative technology to help our clients navigate the complexities of the global FX market.

Job Overview

To support the Head of Revenue Operations, BI and Analytics in the preparation and analysis of MCI and Group budgets, forecasts, analysis and all related FP&A activities.

To analyze company performance, inform on future trends and assist in modeling future business activities.

To support the preparation of monthly management accounts, reports and analysis.

Key Responsibilities & Accountabilities

Budget

• Support the Head of Revenue Operations, BI and Analytics with the preparation of budgets and forecasting.
• Work closely with the Head of Revenue Operations, BI and Analytics and CEO to develop the annual operating budget and models to be used to forecast revenue projections and operating expenditures.
• Coordinate the annual capital expenditures plan process and track actual and forecasted capital spend on current/future projects.
• Assist in the preparation of the annual budget for the overseas subsidiaries.
• Analyse and reconcile budget data, review and reconcile final budget output with original input data.
• Prepare all input data needed to generate site-based budget allotments and assist in calculation of levelling adjustments.
• Analyse financial reports and reporting on changes in budget variance.
• Maintain the integrity of budget documentation.

Financial Reporting

• Summarise reporting packages for submission to the Head Quarters as needed.
• Prepare and report on the Monthly Profit and Loss, Balance Sheet and Cashflow.
• Prepare the transfer pricing support files.
• Assist with the preparation of management accounts.
• Prepare the Monthly management financial package including generating, accumulating and verifying reports.
• Validate or reconcile financial reports from the operating system to financial statements.
• Respond to financial data/information requests from other managers/departments or from Head Quarters.
• Assist in trending key performance metrics monthly and report to management.
• Ad-hoc reporting as requested.

Business Intelligence

• Maintain data files/records to assist in gauging company effectiveness and operational analysis.
• Understand data architecture and create/automate reports through Power BI.
• Identify overlooked trends in operational and sales data and provide insights to drive revenue efficiency.

General

• Participate in project work.
• Perform other tasks to support the Head of Revenue Operations, BI and Analytics.
• Keep up-to-date with financial and company procedures.
• Seek guidance or support as needed.

Business Knowledge / Technical Skills

• Experience within a regulated investment firm is desirable.
• Experience in a similar role within a commercial environment.
• Strong accounting, finance, and bookkeeping background.
• Understanding of key accounting concepts and reporting requirements in Canada and Monex regions.
• Knowledge of Canadian financial regulations.
• Awareness of financial regulations, compliance, and risk management.
• Knowledge of the regulatory environment for FX firms.
• Understanding of risk management and compliance in a regulated setting.
• Knowledge of treasury is an advantage.
• Ability to analyze complex data and solve problems.
• Ability to collate information efficiently.
• Prior experience in budgeting and forecasting is a plus.

Personal Attributes

• Integrity, honesty, and trustworthiness.
• Collaborative attitude and understanding colleagues' perspectives.
• Client-focused with a focus on long-term satisfaction.

Additional

• Experience: 0-3 years; experience in financial services/payments is an asset.
• Strong interpersonal and communication skills.
• Creative problem-solving skills.
• Assertiveness and influence skills.
• Credibility in assigned country/region.
• Judgment, analytical skills, and organizational ability.
• Self-motivated and results-focused.
• Operational and strategic responsiveness.
• Professional integrity and discretion.
• Excellent communication skills.
• Attention to detail.
• Ability to work independently and build positive relationships.
• Manage conflicting priorities effectively.

Educational Qualifications

• Degree or relevant experience; a degree in corporate finance is an advantage.

Professional Qualifications

• Progress towards ACCA/CPA/ACA/CFA; FMVA or BIDA a plus.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!