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Manager of Financial Planning & Analysis

Job Highlights

City Toronto

Type Direct Hire

Salary $130,000

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About the Company
Our client is a pension fund company. They are currently looking for a Manager of Financial Planning & Analysis who will be part of a team responsible for building an outstanding financial planning and management reporting function, maturing quarterly forecast and multi-year enterprise planning processes and methodologies, developing strategic partnerships with cross functional divisional leaders, to assist them with business management and provide management reporting insights that are timely and decision useful.

Why Work Here

• Great culture and total compensation
• Good work life balance and flexibility
• Path for future growth and development

About the Opportunity
Financial Planning & Analysis:

• Prepare base quarterly forecasts and annual/3-year plan for assigned division(s), support cost centre and department business partner assumption modeling and integration of top-down budgeting guidance with bottom-up cost centre rollup, which includes Workforce Planning, General & Administrative Costs, Investment Related Transaction Costs and External Management Fees and supports Capital Plan and Project Finance.
• Work with Sr. Manager and functional partners to assess expenditure drivers and savings levers for both fixed, variable, discretionary and strategic initiative spend.  Gather relevant and complete data, drivers and assumptions to develop what-if scenario models and perform multi scenario analysis to support operating and financial decisions.
• Prepare board and executive management recurring and ad-hoc reporting and presentations and applicable material.  Support preparation of internal stakeholder (CFO/FMR leadership, divisional departments leaders and cost centre managers) presentations, materials and applicable communications as related to results, forecast and budget and ad-hoc analysis.
• Analyze financial performance of assigned division(s), identifying key drivers of variances and financial implication of business activity changes / assumption revisions and their impact on forecast and annual budget.
• Develop overall “so what, now what” insight, make connections to divisional priorities, KPI’s and other metrics and provide recommendations for budget management and mitigation opportunities.
• Create analytical models, spot trends, identify relevant risks and opportunities and create insight that will be information and decision useful to varied level of stakeholder decision making (i.e. salaries & benefits and workforce, travel, professional fees, technology costs etc.)
• Manage financial models to support forecasting, budgeting and reporting to develop insights into cost structures to support prioritization decisions and strategic business decisions.
• Support ongoing peer benchmarking and related analysis to help provide insights, develop top-down guidance and drive business outcomes based on performance / results relative to peers.
• Contribute to maturing the overall enterprise forecasting and budgeting process, including supporting change management within the team and functional and operating divisions, bringing in best practices for the forecasting and budgeting processes and effectively managing timelines and expectations.
• Reinforce culture of cost consciousness, cost transparency and cost management.

Management Reporting:

• Prepare month end financial analysis for assigned division(s), analyzing driver-based variance analysis of actual vs. budget, prior periods, forecast, creating decision useful insight for cost centre managers and divisional/department leaders.
• Prepare ongoing management reporting including KPIs, performance and other metrics, leveraging relevant data visualization techniques (creating dashboards, graphical storytelling etc.) to help evaluate overall performance of asset classes, total plan performance and metrics (inclusive of divisional & departmental results and people and non-people cost allocations) and related insights vital for Executive Team members to operate the business effectively and efficiently.
• Understand & manage (where applicable) corporate cost allocation model and analyze impact on results of assigned division(s).
• Work with Sr. Manager and functional partners to enhance internal management reporting, KPI and other performance and operating metrics tracking that connect back to divisional and enterprise priorities.
• Assess opportunities, provide recommendations and execute automation of management reports and self-serve capabilities (through PowerBI or other tools).
• Prepare/contribute to monthly and quarterly executive leadership reporting.
• Provide recommendations to both internal finance and divisional stakeholders based on analysis and interpretation of financial and non-financial results to support decision making.
• Proactively seek to build partnerships and provide advisory role to divisional and department leaders by gaining business understanding and supporting strategy development through predictive analytics, what-if analysis and assessment of reporting requirements needs - inclusive of data source and methodology requirements to support strategic business insight and decision making.
• Support discussions and presentation of monthly/quarterly department and/or divisional financial results reviews with cost centre, department and division leaders (where applicable).

Projects and Process Improvement & Stakeholder management

• Actively challenge status quo and continuously assess effectiveness and efficiency of systems, processes and provide recommendations for improvements, automation and re-design as applicable.
• Develop documentation of assigned processes and procedures and critical paths for deliverables.
• Continuously monitor progress against deliverables, provide timely and realistic updates on status & issues, and work with Sr. Manager to effectively prioritize/re-allocate workload to support timely completion of critical recurring & ad-hoc deliverables to stakeholders.
• Manage and improve deliverables timelines, effectively prioritizing, monitoring and providing feedback on executed activities and deliverables to ensure MR&P mandate is delivered with exceptional quality and within agreed upon timelines.
• Collaborate with Sr. Manager and team to proactively resolve issues that may arise from changes to plans, priorities, processes, schedules.  Assess impact on stakeholders & deliverables (risks and opportunities) and provide solution recommendations.
• Act as subject matter expert (SME) on system/tooling implementation or other financial or operational projects as applicable, contributing to requirement, future state design, testing and overall timely/cost and effective deployment.
• Drive process improvement and implementation of change management strategies by contributing to overall communication, training, redesign and documentation of process and procedures, both impacting internal MR&P team and cross functional partners.
• Identify opportunities/requirements and develop solutions/courses of action where there often is no internal precedent.  Due to the non-recurring and analytical nature of activities, a high level of constructive thought is required.
• Ability to function independently and as part of a team to provide research, analysis, and development support to budget managers and the MR&P team for decision making.
• Identify opportunities/requirements and develop solutions/courses of action where there often is no internal precedent.  Due to the non-recurring and analytical nature of activities, a high level of constructive thought is required.

About You

• Professional accounting designation (e.g. CPA, CA, CMA, CGA).
• 6+ years of progressive professional experience in Finance, with emphasis on financial planning, management reporting & analysis, and stakeholder relationship building.
• Proven experience working in a customer centric environment and thriving in a dynamic high pace performance-based culture.
• Knowledge of accounting theory and good practical understanding of financial reporting, internal controls, financial planning, budgeting, and cost accounting including related methodology, techniques and procedures.
• Proven experience building management reporting and leveraging tools/visualization aids (PowerBI, Tableau) and advanced knowledge of Microsoft Excel (working with large data sets, modeling analysis & reporting), Microsoft PowerPoint and Microsoft Word (exposure to Microsoft Power Automate is an asset).
• Working experience with Anaplan, OneStream, Workday, is an asset.

Salary Range
$120,000 - $130,000/year

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote # 382377.

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.