Financial Analyst

Magical, Inc.; Toronto; On-site; CAD 65,000 - 95,000; Full time

Benefits offered by this job

Equity

Unlimited PTO

Team offsites

Job summary

Magical, Inc. Toronto-based finance role focused on building reporting and processes around expenses, ARR, invoicing, and spend management. You’ll own day-to-day financial mechanics and contribute to quarterly close with the outside accountant.

You’ll enable fast, precise decision-making by delivering timely dashboards and analyses, while collaborating with sales, ops, and leadership to keep the business aligned and updated on financial performance.

Qualifications

• Strong analytical mindset with ability to translate numbers into actionable insights.
• Proactive in building processes from the ground up and driving improvements.
• Excellent written and verbal communication for non-financial stakeholders.
• Able to collaborate across sales, ops, and leadership to align on financial results.

Responsibilities

• Run monthly and quarterly expense analysis and explain variances.
• Build and maintain an ARR dashboard; track ARR monthly and quarterly.
• Lead invoicing and collections, following up on receivables.
• Manage spend end-to-end: pay invoices, allocate budgets and cards.
• Design and optimize company-wide spend policy.
• Track churn and identify trends to inform decisions.
• Support quarterly book close with external accountant.

Skills

Financial analysis

Data storytelling

Excel proficiency

Attention to detail

Startup experience

Cross-functional collaboration

Tools

QuickBooks

Ramp

CPQ software

Job description

About Magical

Our agentic AI platform brings "AI employees" into the workplace to take over the repetitive, soul-crushing workflows that slow teams down. The result: organizations move faster, with sharper focus, and deliver better outcomes where it matters most, like improving patient care.

The shift to agentic work is inevitable, and we’re leading it. As a founding member of our team you’ll be shaping the playbook for the future of work alongside a small, relentless team pushing the edge of what’s possible with AI.

We're backed by the investors behind OpenAI, Anthropic, Hugging Face, and Notion, including Greylock, Coatue, Altman Capital and Lightspeed. The runway is long. The ambition is high. And the market is wide open.

About the Role

You'll sit at the center of how Magical tracks and manages its money — what we're spending, what we're earning, and what we're owed. You'll help us make faster, sharper decisions by building the reporting that shows where the business stands, and help us stay disciplined by owning the day-to-day mechanics of collections, invoicing, and spend.

This is a role for someone who can both build a process where none exists and execute the day-to-day work once it does. You'll support monthly and quarterly expense analysis, ARR tracking and reporting, churn analysis, invoicing, collections, spend management through Ramp, and quarterly close alongside our external accountant. You'll become the person the team turns to when they need a straight answer on where the company's money is going and coming from.

What You’ll Do

• Expense Analysis: Run monthly and quarterly expense analysis - where we're spending, and why spend spiked or shifted
• ARR Reporting: Build and maintain an ARR dashboard; track and report on ARR monthly and quarterly
• Invoicing & Collections: Invoice customers and own the collections effort — follow up on receivables and drive resolution
• Spend Management: Manage the spend program end-to-end: pay merchant invoices, allocate budgets and cards
• Spend Policy: Design and continuously optimize company-wide spend
• Churn Analysis: Track churn and identify trends
• Book Close: Support quarterly book close, working directly with our external accountant

What We’re Looking For

• Genuinely curious about the numbers: You don't wait to be asked why something moved — you go find out. Financial data is something you naturally gravitate toward, not something you tolerate.
• Fast-paced and get-it-done: You operate with a real sense of urgency — equally willing to run a quarterly close and chase down a single overdue invoice.
• Trusted and precise: You know finance runs on accuracy and trust. You double-check your own work, flag issues before they become problems, and never let "close enough" slide on a number.
• Continuous learning mindset: You're energized by building from the ground up - designing a process that doesn't exist yet, testing it, and iterating as needed
• Comfortable owning ambiguity: No one hands you a finished playbook. You bring structure to messy problems and figure out the right process as you go.
• A team player: You collaborate seamlessly across sales, ops, and leadership, and you communicate financial results in a way that gives the whole team clarity on where the business stands.

Requirements

• 1–2 years of experience in finance, accounting, or FP&A
• Deep analytical skill set — comfortable going beyond surface-level reporting to dig into root causes; able to spot trends in noisy data, build financial models that hold up under scrutiny, and translate numbers into a clear narrative for decision-makers
• Hands-on experience with QuickBooks, Ramp or a similar spend management software, and CPQ software
• Strong Excel/Google Sheets skills (financial modeling, complex formulas)
• Strong written and presentation skills — able to communicate financial data clearly to non-finance stakeholders
• Track record of both designing a process and running it — not just one or the other
• Startup experience — comfortable with ambiguity and building process from scratch

What we offer

• A chance to be an early team member at a fast-growing, ambitious company
• The opportunity to push the boundaries of what’s possible with AI
• A modern stack and the latest tools to do your best work
• Competitive salary and meaningful equity
• Unlimited PTO
• Fun team offsites, past trips include Iceland, Lisbon, Cancun, and Costa Rica