Senior Financial Analyst

sunlife; Toronto; Hybrid; CAD 85,000 - 115,000; Full time

Benefits offered by this job

Hybrid work environment

20 vacation days per year

Flexible Benefits

Pension and savings programs

Job summary

Sun Life’s Group Retirement Services (GRS) Finance team seeks a Senior Financial Analyst to oversee expense management for the CSC and assist with GRS analysis. You will drive CTS modelling, budgeting, forecasting and ad hoc insights, collaborating with partners across Canada.

The role requires strong accounting experience, IFRS 17 knowledge, and proven ability to build relationships in a fast-paced environment. Hybrid work options are available within Canada.

Qualifications

• Minimum 5 years of business/accounting experience.
• Strong financial analysis and model development skills.
• Working knowledge of IFRS 17 and its impact on expense reporting.
• Experience with expense reporting and accounting.
• Proven ability to partner and build relationships.

Responsibilities

• Manage the annual Cost to Serve (CTS) model from data collection to report production and analysis of results.
• Lead the analysis of levers for profitability growth (fund, member and Client level).
• Lead expense studies and industry benchmark surveys.
• Collaborate with data experts to build data sets for complex analyses of business results.
• Support month/quarter-end reporting, forecasting and budgeting for expense management.
• Execute month-end close processes including accruals and transfers, review preliminary results.
• Investigate and communicate expense variances to management.
• Prepare ad hoc analyses and projects as required by management.

Skills

Financial analysis

Model development

IFRS 17 knowledge

Financial reporting

Education

Accounting designation

Master's degree

Tools

MS Office Suite

SAP

Tableau

Hyperion

Job description

Job Description:

You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do.

At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.

When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.

Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

The Group Retirement Services (GRS) Finance team is responsible for providing accurate and timely financial information to enable effective management decision-making, working in partnership with our business partners in GRS and the Client Solutions Center (CSC), as well as other Business Units in Canada, including Canadian Finance.

The Senior Financial Analyst will oversee all expense management functions for the CSC and assist with GRS analysis. This includes completion of the monthly/quarterly expense reporting deliverables, playing a key role in the expense planning/forecast process, coordinating the yearly budget, and providing ad-hoc expense related analysis. The Senior Financial Analyst will also be instrumental in providing business and financial insights. Responsibilities include Client profitability management (Cost to Serve model), determining the financial viability of strategic initiatives, leading expense benchmarking and studies, creation of dashboards and reports, and ad hoc requests.

This role provides high exposure to all functional units in GRS and the CSC. The successful candidate will be an effective communicator, both verbal and written. They must have strong relationship building, an inquisitive mindset to draw financial insight, and critical thinking skills. Additionally, the candidate is expected to be flexible and able to adapt to a rapidly changing environment, challenging the status quo while respecting others, and maintaining a positive work environment.

What will you do?

• Manage the annual Cost to Serve (CTS) model from data collection to report production and analysis of results
• Lead the analysis of levers for profitability growth (fund, member and Client level)
• Lead expense studies and industry benchmark surveys
• Collaborate with data experts (finance and analytics resources) to build and extract appropriate and accurate data sets to support complex analyses of business results
• Support the month/quarter-end reporting, forecasting and strategic plan/budgeting process for expense management
• Execute month-end close processes including accruals, expense transfers, and review of preliminary results for errors or unusual patterns in results
• Investigate and effectively communicate expense variances to all levels of management
• Analyze expense trends and recommend opportunities for savings
• Collaborate with other Finance areas to support and promote process integration and efficiencies
• Present to senior management and BU partners where required
• Prepare or assist in ad hoc analysis and projects as required by management

What do you need to succeed?

• Minimum 5 years of business/accounting experience .
• Strong financial analysis and model development skills
• Working knowledge of IFRS 17 and impact to expense reporting
• Experience with expense reporting and accounting
• Proven ability to partner and build relationships
• Proven flexibility/adaptability/creativity to meet deadlines and manage priorities
• Excellent PC skills (Role utilizes tools such as: MS Office Suite, SAP, Tableau and Hyperion )
• Highly motivated with the ability to consistently seek out improvements to current processes

Preferred Skills:

• An accounting designation or Master's degree is preferred.
• Prefer experience with Activity Based Costing/Cost to Serve/Segmentation Reporting

What's in it for you?

• Hybrid work environment
• A friendly, collaborative, and inclusive culture
• 20 vacation days per year
• Flexible Benefits from the day you join to meet the needs of you and your family
• Pension, stock and savings programs to help build and enhance your future financial security
• The opportunity to move along a variety of career paths with amazing networking potential
• Access to our Global Learning Centre, available 24/7 for your learning needs
• Wellness programs that support the three pillars of your health - mental, physical and financial

What's in it for you?

• The opportunity to move along a variety of career paths