Professional Consulting - Toronto

Our Client in the Banking and Finance Industry is seeking a Financial Analyst for their Downtown Toronto office. This is a 6 months contract to start, possible extension.
 
 
GROUP/PROJECT INFO:
This group is the finance partner for planning, reporting and strategic initiatives.

CULTURE/EVP (Employee Value proposition):

This group has about 3 people overall. This group is heavily connect within leadership and they work closely with the P&CThis role gives vast exposure across the bank.

RESPONSIBILITIES INCLUDE (but are not limited to):
Spark-notes:
This role is very driven by the business. They focus more on the key initiatives within the bank. A lot this role is ad hoc reporting and no two days are similar.
Month end reconciliation/ reporting for the business Analytical review on the results. They need to be able to drive those conversations with those stakeholder.

The Finance Manager is accountable to analyze and report on the financial performance and condition of Wealth Management (WM) or businesses within WM, to support the month-end and quarter-end close process including regulatory and external reports and attestation to the validity of the results.  This role will provide value added ideas, advice and recommendations on financial matters including future course of action to support strategic decision making.

Additional key responsibilities are the assistance in preparation of forecast and annual planning, and leading special projects as they occur.  The incumbent will report through the Centre of Excellence (COE) and support other reporting as required.

1. Reporting and Analysis:
• Prepare / process closing entries, while ensuring accuracy and appropriateness of all journal entries as part of the monthly results sign off process  
• Verify posted transactions with GL investigations
• Prepare monthly, quarterly & annual financial performance reporting and analysis to WM and Bank’s corporate executive leadership
• Responsible for developing and improving monthly, quarterly and annual processes for financial reporting, including ensuring integrity and quality of information, compliance with accounting policy and Bank’s internal reporting requirements
• Research, analyze and make recommendations, relating to adhoc finance issues
• Prepare financial models to support planning/forecasting deliverables and variance analysis.
• Provide financial information for ad-hoc reports and analysis to assist in the investigation of miscellaneous issues and the support of strategic objectives and decision making
•  Develop relationship with line of business and other areas within the Bank

2. Advisory / Strategy
• Develop and assess plan / forecast assumptions, prepare planning and forecasting summaries for executive review.
• Build and maintain robust, stable forecast and planning models.
• Provide formal and informal interpretation of financial results, plans, and metrics as required.
• Facilitate ongoing communication, both internally and externally, as required.

3.  Governance & Control:
• Provide operational and organizational support to the Financial Reporting processes ensuring compliance with SOX requirements
• Assist in documenting and maintaining proper controls to ensure integrity of information.
• Process monitoring and management as required

4.  Process Improvements
• Working closely with the Lead Financial Offer and COE improve reporting and deadlines. Review and document processes. Streamline management reports.

AUTHORITIES 
• Provide advice and counsel on close
• Recommend strategies and plans
• Recommend control process additions and improvements

CROSS-FUNCTIONAL RELATIONSHIPS
• Wealth Management Finance Team and Shared Service
• Other Wealth Management Finance Relationship Managers
• Client’s(non-Wealth Management) Finance and Product specialists
• Bank’s support areas

SCOPE AND IMPACT
– Reports to Head, Centre of Excellence, Wealth Management

TOP SKILLS / EXPERIENCE:
• 3-5 years’ experience in in a financial reporting capacity at a financial institution.
• They need to help drive this business experience and help them plan for F19.
• Strong communication skills; verbal, written and presentation (This is key for this role)
• Excellent organization skills, including the ability to multi-task and handle the pressure of tight deadlines
• Good analytical and problem solving skills
• Strong ability to evaluate processes, identify potential problems and recommend feasible solutions
• Excellent skills with Microsoft Excel. (Pivot, V-lookup, data mining)
• Qualified CPA (CGA, CA, CMA) or close to completion. (CPA, CMA is the preferable designation)
• Bachelor’s degree in Finance or Accounting, or related discipline.

NICE TO HAVE SKILLS/EXPERIENCE:
• Knowledge of Bank Financial Group structure and financial systems (e.g. progress/Essbase, SAP, Insight/MRP) is desirable.
• Prior experience with the assessment fund model (Margin per product).
• Activity based funding models
• Various product analysis

EDUCATION/CERTIFICATIONS: 
• Undergraduate degree
 
 
To Apply, Please send your resume to: a.ravi@maxsys.ca

Position Type Contract
Application Deadline August 13, 2018
Experience Required 3 years
Job Duration 6 months
Education Required Bachelors