IT Financial Analyst

Staples Canada; Richmond Hill; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

A leading office supply retailer based in Canada is seeking a Financial Analyst to manage IT budgets and analyze financial data. You will play a critical role in reporting and providing insights to support decision-making. Candidates should have a Bachelor's degree in Finance or related field and at least 3 years of financial analysis experience. The role demands strong analytical skills, proficiency in Excel, and capabilities for financial modeling. The company offers a range of benefits including health and dental coverage.

Benefits

Associate discount

Health and Dental benefits

RRSP/DPSP

Performance bonuses

Learning & Development programs

Qualifications

• 3+ years of experience in financial analysis, accounting, or related role.
• CPA, CFA, or other relevant certification preferred or in progress.
• Ability to work independently and collaboratively in a fast-paced environment.

Responsibilities

• Develop, monitor, and manage IT department budgets.
• Prepare regular financial reports related to IT spending and budget variances.
• Ensure proper GL coding on invoices and manage vendor inquiries.

Skills

Financial modeling

Analytical skills

Communication skills

Problem-solving

Quantitative skills

Excel proficiency

Data manipulation

Education

Bachelor’s degree in Finance, Accounting, Economics, or related field

Job description

Some of what you will do:

This role is a critical part of managing the IT budgets for Staples Canada. The Financial Analyst will be responsible for managing and analyzing financial data, preparing reports, and providing insights to support decision‑making processes within the company. The incumbent will act as the day‑to‑day finance resource for all IT programs and will work closely with all the IT Managers. They will be responsible for performing in‑depth analysis and presenting key findings and recommendations concerning areas of risk or saving opportunities.

Specifically, You Will:

Financial Budgeting (40%)

• Develop, monitor, and manage IT department budgets.
• Provide financial forecasts for IT projects, ensuring expenditures align with planned budgets.
• Track costs related to IT infrastructure, software, hardware, cloud services, and other technological investments.
• Create new budget tracking files and GL set up for new initiatives.
• Participate in the annual budget planning process.
• Work closely with IT project managers, IT Managers, and other stakeholders to understand department and project financials to ensure alignment with corporate financial objectives.
• Help IT teams understand the financial implications of their decisions and assist with resource allocation and prioritization.
• Support business leaders in aligning IT strategies with the overall financial goals of the organization.

Financial Reporting & Analysis (30%)

• Prepare regular financial reports related to IT spending, budget variances, and project financial health.
• Present financial insights to IT leadership and cross‑functional stakeholders, highlighting key trends, risks, and opportunities.
• Analyze historical spending data to identify patterns and opportunities for cost control and efficiency.
• Submit Month End Accruals for all areas of IT.
• Submit Month End Forecast for all IT channels to Finance.
• Month End GL Reconciliation.
• Perform ad‑hoc analysis and reports as required, e.g. Quarterly or Year‑over‑Year comparison reports and special request reports.

Invoices & Payment (30%)

• Ensure proper GL coding on invoices and ensure it applies to the right business.
• Check all IT related invoices against the budget to ensure the planned spending.
• Manage IT invoices and payments and ensure they are charged to the correct business unit.
• Prepare documents to set up new vendors and coordinate with accounts payable.
• Manage vendor enquiries on payment status.

Some of what you need:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 3+ years of experience in financial analysis, accounting, or a related role.
• Proficiency in financial modeling, forecasting, and financial reporting.
• Excellent analytical, problem‑solving, and communication skills.
• Ability to work independently and collaboratively in a fast‑paced environment.
• CPA, CFA, or other relevant certification is preferred or in progress.
• Excellent quantitative and analytic skills.
• High proficiency in Excel.
• High degree of comfort and aptitude for data manipulation & extraction.
• Ability to draw deep insight from complex data & present key recommendations & findings.
• Clear big‑picture thinker, problem solver and ability to pay attention to details.

Some of what you will get:

• Associate discount
• Health and Dental benefits
• RRSP/DPSP
• Performance bonuses
• Learning & Development programs
• And more...

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About Us

Staples Canada is an equal opportunity employer committed to diversity and inclusion and we encourage applications from all qualified candidates, including those with disabilities.

About the Team

About the Team At Staples Canada we are dynamic, inspiring partners to our customers and the communities in which we live. As The Working and Learning Company, we inspire people to work smarter, learn more and grow every day. We’re looking for curious, approachable, and passionate individuals who love finding solutions. If that’s you, let’s work, learn, and grow together. We are building an inclusive and diverse team Staples Canada is continuously working towards creating an inclusive and diverse work environment. We welcome, value and thrive on perspectives and contributions from backgrounds that vary by race, gender, sexual orientation, gender identity or expression, lifestyle, age, educational background, national origin, religion or physical ability. If you have a disability or special need that requires accommodation, please let us know.

• Job Identification 56350
• Job Category Technology, E‑Commerce & Data Science
• Locations 6 Staples Ave, Richmond Hill, ON, L4B 4W3, CA