Financial Analyst #: 23-14636 Jobs

Title: Financial Analyst

Location: Toronto, ON – Hybrid

Duration: 12 Months

The purpose of the Financial Analyst role is to handle financial reporting activities and to extend full support to the Director of Accounting in month end closing activities including the preparation of monthly Finance Package and forecasting and budgeting.

Emphasis on having a financial reporting background. The role will also be heavy on the treasury activities.

Essential Functions / Key Areas Of Responsibility

• Support in annual MYB construction process
• Preparation and timely submission of Reporting as well as preparation and submission of quarterly financial notes to the statements to the Group
• Preparation and coordination of the monthly internal financial reporting package for Management review
• Active preparation and support to month-end, year-end close and budgeting processes.
• Performs Balance Sheet account reconciliations (must provide analytical insight that supports conclusions)
• Preparation of quarterly tax provision and Income Tax package for Annual Corporate return

Financial Analysis

• Preparation of monthly Income Statement comparison of Actuals to Budgets (variance analysis)
• Liaises with Corporate Central Finance Departments and related financial institutions.
• Preparation of monthly variance analysis of Balance Sheet to budget and forecast (must provide relevant financial information to decision makers)
• Actively supports the daily, weekly, and monthly internal reporting requirements for treasury, regular cash reporting.

Support With Treasury Activities

• Liaises with Corporate Central Finance Departments (Treasury / Group Financing / DAFI / Bonds and Guarantees) and related financial institutions.
• Maintain and support adequate banking and surety services.
• Execution of exchange rate guarantees, forward contracts, and swaps – as applicable
• Preparation of monthly Operation Cash Flows (OCF) actual, forecast and budget.
• Active support in the management and execution of customer contract guarantees – participation in risk assessment and coordinating guarantees for bids on projects – bonds, credits, needs of parent company, export, and bankers.
• Monitoring of the hedging program– perform foreign exchange trading and transactions, maximizing trading revenue where possible; report on exposures - analyzing and developing action plans to address exposures.
• Ensuring compliance with Group's procedure in terms of contract bonds and guarantees – support in implementing internal procedure for the corporation.
• Monitoring of daily cash requirements & borrowing needs – in-depth knowledge of banking systems and payment processes - understanding inflows & outflows, business cycle & reports against it (indebtedness, solvency, working capital, cash flow production)
• Support and ensure compliance with reporting guidelines (GAAP and IFRS) – preparing appropriate documentation and accounting treatment for derivatives.
• Actively supports the daily, weekly, and monthly internal reporting requirements for treasury, regular cash reporting, and risk management reporting.

Other Responsibilities /tasks

• Drives initiatives to promote streamlined processes, operational efficiency and enhanced internal controls.
• Direct and/or participation in special projects at the request of management
• Supports other Finance shared Services team members as needed.
• Preparation of ad hoc analysis at the request of management
• Supports new system implementations (when applicable).
• Ensures timely resolution of issues.
• Provides timely Finance support to operational teams as required and facilitates cross-functional communication.

Minimum Requirements: Skills, Experience, Education, Technical/Specialized Knowledge, Certifications, Language

• Must have University degree with a specialization in accounting.
• 7+ years' experience in financial reporting and analysis
• Accounting designation (Canadian CPA)

Preferred Qualifications

• Experience with large accounting software (SAP preferred)
• Organize workload to meet deadlines and work with little supervision.
• Very Good team working skills.
• Very good communication and interpersonal skills.
• Must be able to work under pressure of deadlines.
• Experience liaising with external auditors.
• Excellent knowledge of excel, including advanced functions.

Education

• Must have University degree with a specialization in accounting.
• Accounting designation (Canadian CPA)

TB_EN Job #: 23-14636