Sr. Financial Analyst (12-month temporary contract)

Thornhill Medical; Toronto; On-site; CAD 87,000 - 105,000; Full time

Benefits offered by this job

Bonus eligibility

Job summary

Thornhill Medical in Toronto is seeking a Sr. Financial Analyst - Planning & Analysis to drive financial reporting, planning, and operating processes with a strong business partner mindset.

You will own monthly statements, forecasts, and variance analysis, coordinate the year-end audit, and work with external tax and ERP teams to ensure accuracy and compliance across the organization. The role emphasizes process improvement, internal controls, and leveraging ERP and BI tools to provide timely,

Qualifications

• Bachelor’s degree in commerce/ business or related field required.
• CPA designation required.
• 5–8 years of accounting/finance experience in manufacturing or medical devices.

Responsibilities

• Prepares monthly financial statements and board decks on time.
• Updates monthly forecasts after month-end with variance analysis.
• Manages monthly reporting and variance explanations by channel and department.
• Oversees year-end audit and coordinates with external auditors.
• Liaises with tax accountants for tax filings and SRED documentation.
• Reviews and approves payments and purchase orders.
• Owns sales reporting and related invoicing processes.
• Develops and maintains financial controls and SOPs.
• Ensures ISO13485 finance-related SOPs and policy compliance.
• Manages working capital, FX hedging, and cash forecasting.
• Oversees inventory accounting, COGS, and ERP costings.
• Leads budget planning and 3–5 year forecasting.
• Drives process improvements and ERP implementation.
• Provides timely reporting via ERP/BI tools and mentors juniors.

Skills

Financial analysis

Data interpretation

Communication skills

Attention to detail

Cross-functional collaboration

Problem solving

Forecasting

Education

Bachelor’s degree in commerce/ business or related field

CPA

Tools

ERP systems

SQL

BI tools

Excel

QuickBooks (QBO)

TSheets

Microsoft Office

Job description

Thornhill Medical’s ground-breaking products are designed to be used globally by emergency health care providers, humanitarian and military medical teams. Thornhill’s oxygen-focused research and applications are transforming patient care in extreme circumstances, while inspiring and enabling other new technologies to unlock vital life-saving solutions. Thornhill Medical’s innovations are in 19+ countries including Ukraine. With a team committed to courage, collaboration and saving lives, Thornhill Medical leads the way in the nimble and precision-focused field of medical technologies.

Role Summary:

The Sr. Financial Analyst - Planning & Analysis is responsible for driving and streamlining Thornhill Medical’s financial reporting, planning, and operating processes while developing a strong partnership with the business.

Role Responsibilities:

• Prepares accurate monthly financial statements and Board of Director financial deck on a timely basis.
• Updates the monthly forecast after completion of the month end for the President/CEO and VP, Finance and creates variations as needed.
• Manages the monthly reporting process, comparing actual results to budgets/financial goals and the prior year, with detailed explanations for variances for the company overall, as well as by channel and department. Monitors that related corrective actions are taken if necessary.
• Manages the year-end financial audit, including providing the external auditors with necessary documentation, explanations, and support.
• Liaises with external tax accountants for tax preparation for all legal entities; ensures provisional payments are submitted on a timely basis; works with internal and external resources for SRED claim calculation, documentation and submission.
• Reviews and approves certain payments and purchase orders.
• Owns sales reporting for the organization, ensuring all product, channel, and bonus-related calculations as well as the underlying Sales Orders are correct to minimize reporting issues. Includes responsibility for customer invoicing.
• Develops, implements, and maintains financial controls and guidelines.
• Ensures timely and accurate execution of all SOPs required by ISO13485 that pertain to the Finance Team.Ensures financial policy parameters are maintained and that approval levels for all expenses are complied with.
• Manages working capital (including A/R collection and A/P payments), foreign exchange monitoring and hedging, and the cash forecasting required to maximize interest earned on cash balances and GIC term deposits.
• Manages the accounting for inventory, including but not limited to, reviewing and approving the standard costs and BOMs in the ERP system; ensuring costs of goods sold is accurately booked each month; ensuring the perpetual inventory reconciles to the GL monthly for all categories of inventory and that valuation differences are adjusted for; reviews and approves all cycle count/write off adjustments proposed by Operations; interfaces with subcontractors for inventory held by them.
• Drives annual budget preparation and 3-5-year planning, in conjunction with the VP, Finance and Controller.
• Maximizes departmental and operational efficiency through innovative process development.
• Assists with the implementation of the new ERP system.
• Leverages the current ERP to provide timely, accurate and detailed reporting.
• Provides work direction, support, and coaching to junior finance team members.
• Explores opportunities for continuous improvement with accounting systems, processes, and internal controls for both Finance and the organization (including potential uses of AI).\
• Remains up to date on new accounting requirements.
• Considers quality in all aspects of the job and respects procedures and norms.
• Other duties as assigned

Education & Experience:

• Bachelor’s degree in commerce/ business or related field.
• CPA is required.
• 5-8 years of accounting or finance experience in a manufacturing or a medical device environment.
• In depth experience with accounting and ERP software including report definition/creation.

Skills & Knowledge:

• High financial acumen, interpreting and applying key financial indicators to make better business decisions.
• Strong working knowledge of detailed financial data analysis and reporting including ability to create and automate reports.
• Strong analytical skills and ability to interpret data and present to management.
• Strong organizational skills and attention to detail.
• Excellent interpersonal and communication skills (verbal and written).
• Ability to anticipate and balance the needs of multiple stakeholders.
• Drive to consistently achieve results, even under tough circumstances.
• Holds self and others accountable to meet commitments.
• Advanced knowledge of databases, SQL and BI tools is a plus.
• Experience implementing AI tools to enhance Finance productivity is helpful.
• Advanced hands‑on knowledge of and demonstrated experience with Microsoft Office suite especially Excel.
• Advanced, hands‑on knowledge of, and demonstrated experience with accounting and timekeeping software such as QuickBooks (QBO) and TSheets.
• Excellent knowledge of ERP systems that includes an MRP module.

Other Requirements:

• Primarily office related requirements with exposure to production work rooms and warehouse when required.
• Light lifting and bending.

Compensation:

The target salary range for this position is $87,000 – $105,000 per annum.The position is also eligible for bonus and benefits.

The starting salary offered to a candidate will be dependent upon several factors, including but not limited to experience, job-related skills and relevant education and/or training.

This job posting is to temporarily backfill an existing position during an ERP implementation, and the recruitment process involves the use of artificial intelligence.

Thornhill Medical is an equal opportunity employer and welcomes and encourages applications from all qualified people, including those with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

We thank all applicants for their interest, however, only those selected will be invited for an interview.