Financial Analyst, FP&A

VersaBank; London; On-site; CAD 55,000 - 70,000; Full time

Job summary

VersaBank is seeking a Financial Analyst to join its Financial Planning & Analysis team in London, Ontario. The role will involve developing financial models, conducting variance analyses, and assisting in strategic decision-making. The ideal candidate will have strong analytical skills, an undergraduate degree, and proficiency in Excel, with a collaborative work atmosphere provided.

Benefits

Competitive compensation package

Outstanding benefits program

Tuition refund program

Fitness club membership

Qualifications

• 1-3 years of experience in the financial services industry.
• Strong understanding of financial statements and accounting principles.
• Pursuing CFA or CPA designation is ideal.

Responsibilities

• Develop financial models for planning and capital management.
• Conduct variance analyses of financial results.
• Prepare monthly management reporting packages.

Skills

Analytical skills

Financial modeling

Attention to detail

Excel skills

Education

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

Tools

Microsoft Office Suite

Power BI

Job description

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.9 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

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 various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com.

We are looking for a Financial Analyst to join the Financial Planning & Analysis (FP&A) team. In this role you will be an integral part of the team, providing valuable research and analytical support, while contributing to key financial functions including budget preparation and financialforecasting. Additionally, you will assist in business performance variance analytics and provide insights that support strategic decision-making.

This role is located in London, Ontario and will work out of our VersaBank Innovation Centre of
Excellence (VICE) office.

Primary Responsibilities include:

• 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 both 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 the performance of 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’s policy manuals as necessary and support
  the development of standard operating procedures.
• Support the completion of all regulatory and external reporting requirements ensuring
  accuracy and timeliness of data and information.
• 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 considered an asset.
• Ideal candidate will be pursuing a CFA or CPA designation.
• Strong Excel skills are vital in this role, the ability to use and create Pivot tables and look
  up functions is considered a strong asset. Knowledge of macros is a plus.
• Strong understanding of financial statement analysis and accounting principles.
• Proficiency using Microsoft Office Suite, particularly Excel and PowerPoint. Exposure to
  Power BI considered an asset.
• Strong analytical skills, particularly in statistical analysis, are an asset.
• Well organized with strong attention to detail.
• Adaptable team player who can effectively multi-task.
  

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.
• An 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 those
applicants selected for an interview will be contacted