Financial Analyst, FP&A

VersaBank; London; On-site; CAD 60,000 - 80,000; Full time

Job summary

A chartered bank is seeking a Financial Analyst in London, Ontario to provide analytical support and contribute to financial forecasting. Key responsibilities include developing financial models, conducting variance analysis, and preparing reporting packages. The ideal candidate has a degree in a related field and 1-3 years of experience in finance. Join a positive team environment with competitive compensation and benefits.

Benefits

Competitive compensation package

Outstanding benefit program

Fitness club membership

Tuition refund program

Qualifications

• 1-3 years of experience in the financial services industry.
• Pursuing a CFA or CPA designation is ideal.
• Direct experience with financial modelling is an asset.

Responsibilities

• Develop financial models to support business planning.
• Conduct variance analysis of financial results.
• Prepare management reporting packages.

Skills

Financial modelling

Strong Excel skills

Analytical skills

Understanding of financial statement analysis

Team player

Education

Undergraduate degree in Business Administration, Economics, Accounting, Finance, or related field

Tools

Microsoft Office Suite

Excel

Power BI

Job description

Overview

VersaBank is an inclusive, entrepreneurial Schedule 1 Chartered Bank with over $4.9 billion in assets. VersaBank operates as a branchless financial institution that delivers deposits and most loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (TSX) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with offices across Canada. For more information, please visit our website.

We are looking for a Financial Analyst to join the Financial Planning & Analysis (FP&A) team. In this role you will provide research and analytical support, contribute to budget preparation and financial forecasting, assist in business performance variance analytics, and provide insights to support strategic decision-making. This role is located in London, Ontario and will work out of the VersaBank Innovation Centre of Excellence (VICE) office.

Primary Responsibilities

• Develop financial models to support business planning, capital management, and balance sheet optimization scenarios.
• Conduct variance analysis of monthly, quarterly, and annual financial results.
• Prepare monthly management reporting packages at the enterprise and business unit levels.
• Conduct macro/micro economic and market research.
• Support the development and maintenance of financial performance projection models at both the enterprise and operating unit level.
• Support financial risk analytics and reporting at both the enterprise and operating unit level.
• Review industry and economic databases and publications in support of enterprise and operating unit business and capital plan development.
• Update and enhance the Finance department policy manuals and support the development of standard operating procedures.
• Support the completion of regulatory and external reporting requirements ensuring accuracy and timeliness of data and information.
• Take on additional projects as assigned.

What we look for

• Undergraduate degree in Business Administration, Economics, Accounting, Finance, Statistics or related field.
• 1-3 years of experience in the financial services industry. Direct experience with financial modelling is an asset.
• Ideal candidate will be pursuing a CFA or CPA designation.
• Strong Excel skills with the ability to create Pivot tables and use lookups; macros are a plus.
• Strong understanding of financial statement analysis and accounting principles.
• Proficiency with Microsoft Office Suite, particularly Excel and PowerPoint. Exposure to Power BI is an asset.
• Strong analytical skills, particularly in statistical analysis; well organized with strong attention to detail.
• Adaptable team player who can effectively multitask.

What we offer

• A positive team-based work atmosphere that promotes collaboration.
• Competitive compensation package including base salary, an incentive award, and pension supplement program.
• Outstanding benefit program.
• Tuition refund program.
• Fitness club membership.

Application Procedure

If working for a non-traditional bank with an entrepreneurial flair appeals to you, we encourage you to apply. We thank you for taking the time to apply. Please be advised that only applicants selected for an interview will be contacted.

At VersaBank, we are committed to fostering a diverse, inclusive, and equitable workplace. We encourage applications from individuals of all backgrounds, including persons with disabilities, Indigenous persons, members of visible minorities, women, LGBTQ+ individuals, and other underrepresented groups. We also encourage candidates with different abilities or relevant alternative expertise to apply, with or without accommodations. VersaBank is an equal opportunity employer and complies with all applicable accessibility laws and regulations.