Senior Financial Analyst, Financial Planning & Analysis

Equitable Group; Toronto; Hybrid; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Senior Financial Analyst to join their dynamic Financial Planning and Reporting team. This pivotal role involves developing financial models, enhancing financial analyses, and performing detailed reporting to support key management decisions. The ideal candidate will possess strong analytical and technical skills, along with a passion for improving processes. Join a forward-thinking organization that values innovation and offers a collaborative environment where your contributions will make a real impact. If you thrive in a fast-paced setting and are eager to redefine the banking experience, this is the perfect opportunity for you.

Benefits

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up

Generous vacation policy

Annual professional development allowance

Comprehensive Career Development program

Virtual events to connect with colleagues

Qualifications

• 4-5 years of relevant experience in financial analysis and reporting.
• Advanced Excel skills including macros and complex formulas.

Responsibilities

• Develop and maintain financial models for management reporting.
• Perform ad hoc reporting and analysis with attention to detail.

Skills

Financial Modeling

Analytical Skills

Communication Skills

Problem-Solving Skills

Attention to Detail

Multi-tasking

Education

Bachelor's Degree in Accounting, Finance, Economics, or Business

CFA/CPA designation (completed/in process)

Tools

Microsoft Excel

SQL

MS Office Suite

Job description

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

This opportunity will play a pivotal role within the Financial Planning and Reporting team in one of the fastest growing financial institutions in Canada. The Senior Financial Analyst will use his or her financial modeling and analytical skills to develop scheduled and ad hoc reports that drive key management decisions. The candidate must be a quick learner who possesses strong communication, analytical and technical skills.

The Core Responsibilities!

• Maintenance of Financial Models (35%)
• The Senior Financial Analyst will be responsible for developing and maintaining financial models that are distributed to management on a monthly and quarterly basis.
• Key deliverables encompass business unit profit & loss reporting, mortgage renewal & pricing analyses, mortgage continuity reports and budget/forecasts.
• This role will require the candidate to run detailed financial models, liaise with different business units and extract and manipulate data from various information sources.
• The incumbent will employ advanced Excel skills such as Pivot Tables, Nested “IF” Statements, VLOOKUP, OFFSET, SUMIFS, MATCH-INDEX, etc. to build efficient and accurate financial models.

• Enhance Financial Analyses and Processes (25%)
• The candidate will work closely with various team members to define, scope and implement enhancements to detailed financial models, including budgeting/forecasting tools.
• The Senior Financial Analyst will help structure key processes and develop relevant background documentation with a view to enhance efficiencies and manage risk.
• This team member will be expected to proactively find ways to improve the technical accuracy, validation and organization of financial models.

• Financial Analysis/Ad hoc Reporting (40%)
• Perform ad hoc reporting and analysis requests as required with a high degree of flexibility and attention to detail.
• Reporting requests may require the candidate to collect, consolidate and analyze financial data and key performance metrics derived from various sources.
• The candidate may be required to assist in other areas of the Accounting and Finance department and other business units as needs arise.

Let's Talk About You!

• Four year Degree; Accounting, Finance, Economics, or Business preferred.
• Preference for a CFA/CPA designation completed/in process.
• At least 4 - 5 years of progressive and relevant work experience.
• Demonstrated ability using MS Office (Excel, Access, PowerPoint and Word).
• Advanced Microsoft Excel skills, including developing/running macros.
• Ability to work extensively with formulas, numbers and spreadsheets.
• Experience utilizing technology to gather and manipulate data.
• Experience using database query tools (i.e. SQL) is considered an asset.
• Knowledge of financial statements and reporting is required.
• Knowledge of financial modeling concepts is required.
• Possess strong problem-solving and analytical skills.
• Strong attention to detail.
• Strong organizational skills.
• Ability to handle multiple competing priorities (multi-tasking).
• Enjoys working in both team and individual environments.

#LI-Hybrid

What we offer [For full-time permanent roles]

Competitive discretionary bonus.

Market leading RRSP match program.

Medical, dental, vision, life, and disability benefits.

Employee Share Purchase Plan.

Maternity/Parental top-up while you care for your little one.

Generous vacation policy and personal days.

Virtual events to connect with your fellow colleagues.

Annual professional development allowance and a comprehensive Career Development program.

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience.

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!