Manager, Financial Planning & Analysis

HomeEquity Bank; Toronto; Hybrid; CAD 110,000 - 140,000; Full time

Benefits offered by this job

Extended health and dental benefits

Employee & Family Assistance Program

Employer-Matched Group Retirement Plan

Employee Share Investment Plan

Well-being initiatives

Fitness discount

Job summary

HomeEquity Bank is seeking a talented FP&A Manager to drive budgeting, forecasting, and performance analysis. You will develop analytical models, manage headcount budgeting, and maintain KPI dashboards to support strategic decisions.

The role collaborates with CFO/CEO and cross-functional leaders. The ideal candidate brings 5+ years in FP&A within financial services, strong Excel/Power BI and SQL skills, and familiarity with Workday Adaptive.

Qualifications

• Degree in Business Administration, Accounting, Finance, or related field.
• 5+ years in Financial Planning & Analysis or strategy; financial services preferred.
• CPA/CMA/CFA designation preferred but not mandatory.
• Experience with Workday Adaptive Planning is preferred.
• Proficiency with Excel (Power BI), SQL.
• Strong PowerPoint skills for executive presentations.
• Strong analytical, problem-solving, and attention to detail.

Responsibilities

• Coordinate annual budget development with cross-functional stakeholders.
• Analyze profitability and overhead trends to inform budget decisions.
• Lead headcount planning and salary budgeting with HR and leaders.
• Oversee budgeting for overheads and key trend analysis.
• Prepare and maintain operational metrics, KPIs, and dashboards.
• Develop and present budget packages for senior leadership and the Board.
• Maintain long-term financial model and 10-year projections.
• Support month-end close with variance analysis and reporting.
• Forecast overhead expenses and monthly results packages.
• Collaborate on forecast changes and executive/board presentations.
• Maintain Workday Adaptive budgeting/reports and train users.

Skills

Financial modeling

Budgeting

Forecasting

Variance analysis

Data analysis

Power BI

Excel

SQL

Workday Adaptive

Executive presentation

Education

Bachelor’s in Business Administration/Finance

CPA/CMA/CFA (preferred)

Tools

Workday Adaptive

Job description

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.

OUR VALUES, OUR PASSION

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

• Courage to Act. Do the Right Thing
• One Team. One Vision
• Think Long-Term. Ever-Evolving

POSITION SUMMARY

The Manager, FP&A works closely with the Director FP&A and the VP, FP&A. The FP&A Manager plays a critical role in driving financial strategy and performance within the bank. This position is responsible for leading budgeting, forecasting, financial modeling, and performance analysis to support strategic decision-making. The ideal candidate combines strong analytical skills with a deep understanding of banking operations and financial regulation. It may also be called upon to provide analysis requested directly by the CFO and CEO.

Responsibilities include developing and maintaining analytical models, assessing the impact of real estate market changes on the business, maintenance of planning procedures, checklists and guidelines, management of the budgeting and forecasting reporting tool, maintenance of KRI and KPI dashboards, and variance analysis reports.

MAJOR ELEMENTS OF THE ROLE

Coordinate the development of the annual budget in collaboration with cross-functional stakeholders.

Analyze trends in profitability and overhead expenses to inform budgetary decisions.

Manage headcount planning and salary budgeting in partnership with HR and business leaders.

Manage budgeting process for overheads and analyzing key trends.

Prepare and maintain operational metrics, KPIs, and executive dashboards.

Develop and present comprehensive budget packages for senior leadership and the Board of Directors.

Maintain the Bank’s long-term financial model, including preparation of 10-year financial projection.

Financial analysis and forecasting

Support month-end close activities, including variance analysis and financial reporting.

Prepare monthly financial results packages, with a focus on repayment trends and salary/overhead variances.

Collaborate with stakeholders to forecast overhead expenses, including headcount planning.

Develop monthly financial forecast packages, comparing projected full-year results against budget.

Analyze forecast changes across all financial line items.

Prepare quarterly executive and Board-level financial presentations.

Enterprise Decision Support and Strategic Analysis

Represent FP&A on strategic project teams across the organization.

Evaluate business cases and initiatives to assess financial viability and performance impact.

Conduct contribution margin and business performance analyses to support strategic priorities.

ERP (WorkDay Adaptive) and Process Improvements

Assist in maintaining the Bank’s budgeting and reporting platform (Workday Adaptive), including new users, security access, and existing hierarchical roll-ups.

Assist in the development, enhancement and maintenance of financial modules and reports within the platform.

Identify and implement process improvements to enhance forecasting accuracy and operational efficiency.

Design and deploy new financial reports and dashboards to meet evolving business needs.

Train and educate new users on using the platform, maintaining any relevant documentation and/or guidance materials.

Tax Compliance

Assist in preparation of monthly tax provision, annual financial statement tax disclosures, annual tax rate reconciliation.

Ensure timely completion of income and commodity tax compliance filings.

Support in executing tax planning strategies and assess their financial impact.

Other duties as assigned

SKILLS AND EXPERIENCE REQUIRED

Degree in Business Administration, Accounting, Finance, a related field or equivalent work experience.

5+ years of progressive experience in Financial Planning & Analysis, and/or strategy. Financial Services industry experience is preferred.

Professional designation – CPA, CMA, CFA preferred (not mandatory).

Experience with Workday Adaptive Planning platform is preferred.

Proficiency in using data analysis tools and software such as Excel (proficient in PowerBI), SQL.

Strong PowerPoint skills, able to storyboard and create presentations for senior audiences.

Strong analytical, problem-solving, and attention-to-detail skills, with the ability to sift through large volumes of data and present clear, concise reports tailored for non-finance audiences.

WORKING CONDITIONS UNIQUE TO JOB

• Hybrid work environment

WHY WORK AT HOMEEQUITY BANK?

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities

We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to our colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks (for eligible employees)

• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

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