Manager, Expense Planning and Spend Analysis

Allstate Canada; Markham; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

An established industry player is seeking a Manager for Expense Planning and Spend Analysis. This pivotal role involves leading a team to drive financial decision-making, enhance expense management, and foster effective communication across business partners. With a focus on strategic planning, budget formulation, and variance analysis, you will play a key part in ensuring alignment with corporate objectives. Join a company that values diversity, flexibility, and community engagement, where your contributions will make a significant impact on the organization and its commitment to excellence. This is more than just a job; it's a chance to grow and make a difference.

Benefits

Flexible Work Arrangements

Employee Discounts

Good Office Program

Student Loan Payment Matching

Retirement Savings Program

Annual Wellness Allowance

Personal Reflection Day

Tuition Reimbursement

Qualifications

• 6+ years of experience in financial analysis and forecasting.
• 3+ years of people management and accounting application experience.

Responsibilities

• Lead a team to meet corporate expense management objectives.
• Prepare presentations and recommendations for senior leadership.

Skills

Financial Analysis

Budget Formulation

Financial Planning

People Management

Analytical Skills

Strategic Thinking

Problem-Solving

Communication Skills

Project Coordination

Business Acumen

Education

Bachelor's Degree in Business

Bachelor's Degree in Finance

Bachelor's Degree in Accounting

Tools

SAP

SAP Business Planning & Consolidation (BPC)

MS Office Suite

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

Who is Allstate:
Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. The company is proud to have been named a Best Employer in Canada for nine consecutive years and prioritizes supporting employees and fostering an inclusive, welcoming corporate culture. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. Serving Canadians since 1953, Allstate strives to provide reassurance with its "You’re in Good Hands" promise.

Through our Employee Value Proposition, Opportunity, Flexibility, Community, Diversity and Family, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do.

Role Designation: Hybrid

Benefits to joining Allstate

• Flexible Work Arrangements
• Employee discounts (15% on auto and property insurance, plus many other products and services)
• Good Office program (receive up to 400$ back after purchasing office equipment)
• Student Loan Payment Matching Program for Government Student loans
• Comprehensive Retirement Savings Program with employer matched contributions
• Annual Wellness allowance to support employees with improving health and wellbeing
• Personal reflection day
• Tuition Reimbursement
• Working within the community and giving back!

Job Description:

We are actively looking to hire a Manager, Expense Planning and Spend Analysis to join our team!

Reporting to the Director, Business Planning & Analysis (BP&A) and Accounting Research, this role will lead and direct a team to meet corporate expense management objectives through reporting expenses, actual variance to plan analysis, monthly reforecasts, and annual plan processes with respective business partners.

Accountabilities:

Financial Decision-Making

• Provides expertise and thought leadership on Expenses and Planning to influence decision-making
• Develops recommendations for topics at leadership meetings.
• Prepares presentations and commentary for senior leadership meetings
• Liaises with the plan team in the parent company to organize detail around deadlines and ultimate submissions.

Expense Planning & Analysis

• Assists with strategic planning (e.g. annual corporate forecasting, budgeting, and ongoing tracking).
• Prepares recommendations for senior leaders based on findings and analysis of relevant issues to ensure overall performance targets and business objectives align to the strategic direction.
• Leads the detailed analysis of monthly and quarterly results to ensure proper understanding of trends, variances, drivers, allocations, and levers to manage costs (ongoing expense management).
• Provides fact-based analysis using sound analytical techniques that support expense management.

Practice Maturation

• Manages relationships and develops and maintains strong lines of communications with business partners including the parent company.
• Encourages effective and efficient operations for reporting, variance analysis, reforecasting, and planning processes.
• Leads ongoing process improvements, enhancement projects, and the development of planning tools and models to ensure that robust financial data, metrics and analysis are available across the organization to support a corporate culture of expense management.

People Management

• Manages staff to accomplish results through effective recruitment, selection, training, development, performance management, and recognition.

Qualifications:

• Bachelor's Degree in Business, Finance, or Accounting.
• Requires 6+ years experience in financial analysis and forecasting, budget formulation, financial planning, financial controls, and preparing financial performance reports.
• 3+ years of people management experience.
• 3+ years of experience with accounting applications (e.g. SAP).
• Proficiency in enterprise resource planning (ERP) systems (e.g. SAP Business Planning & Consolidation (BPC) tool) would be an advantage.
• Business process and workflow management.
• MS Office Suite with advanced Excel and model building skills.
• Business acumen.
• Mathematical acumen.
• Leadership, coaching, and mentorship skills.
• Interpersonal, oral, and written communication, and presentation skills.
• Analytical, strategic thinking, and problem-solving skills.
• Project coordination, organizational, and time management skills with attention to detail.

Bonus qualification:

• Chartered Professional Accountant (CPA) designation is a strong asset.
• Financial services and insurance industry knowledge is an asset.

Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation, please let us know and we will work with you to meet your needs.

#LI-GL1

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.

You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live.

Good Hands. Greater Together.