Financial Analyst

at  Sweat and Tonic

ABOUT US

Sweat and Tonic (S&T) is Canada’s most innovative and exciting boutique fitness and wellness hub, offering the widest collection of expertly programmed yoga, Pilates, HIIT, and ride group fitness classes. S&T creates a curated, immersive fitness experience for sweat addicts to challenge their minds and bodies within a community that grows, succeeds, and celebrates together. With premium spa facilities, high-tech biohacking amenities, café, and bar offerings, members can recharge, recover, and reignite. Tonic House, the multi-functional lounge, workspace and event venue, inspires collaboration and innovation. Since opening in 2019, we’ve innovated and expanded our state-of-the art classes across multiple channels: In-studio, Sweat in the Park, Sweat Live, Sweat on Demand, and Sweat on the Roof – a one-of-a-kind, outdoor rooftop fitness studio in the heart of downtown Toronto. In 2023, we opened our first international sister location, Silver Springs, a boutique yoga and Pilates oasis in the heart of Los Angeles, and a new 25,000 sq.ft. immersive fitness & wellness hub in Toronto at The Well. This is a unique, once-in-a-lifetime opportunity to become a part of a passionate, dynamic team that is here to disrupt the fitness industry.

QUALIFICATIONS

• 1-3 years of progressive experience in accounting and finance, and/or other relevant business area
• Degree in accounting or business/commerce, with preference for those working towards, or completed, a relevant industry-recognized certification (e.g. CPA)
• Strong knowledge of business fundamentals and analytical skills with ability to draw insights and convey complex information in a straightforward manner
• Excellent organizational skills and ability to establish priorities with little direction in a fast-paced environment
• Strong skills using Microsoft Excel
• Experience with Quickbooks is an asset
• Self-motivated, team-oriented, strong communication skills and personally interested in health and fitness

We are seeking a professional and dedicated Financial Analyst who is passionate about growing the S&T brand through meaningful financial insights to drive action and decision making.

Reporting to the Finance Manager, your primary job responsibilities will include:

• Expense Management:
• Track and analyze operating expenses, including identifying areas to teams for cost optimization
• Provide guidance on expense management to departments to ensure financial efficiency and that annual budgets are met
• Ensure timely payment of invoices and timely receipt of accounts receivables
• Prepare budget vs. actuals variance reports to teams to identify areas of savings and pressures
• Payroll:
• Execute end-to-end payroll processes, including collecting and verifying timesheets with department leads, calculating wages and ensuring timely payments to employees
• Stay up to date with federal, provincial and local payroll regulations, ensuring compliance with tax laws and other statutory requirements
• Maintain accurate and up to date employee payroll records, including start date, probationary periods, termination dates, requesting ROE’s, etc.
• Assist in administering employee benefits related to payroll such as monitoring eligibility for health insurance, calculating premiums, etc.
• Ensure confidentiality and security of payroll information, adhering to data protection regulations
• Audit and Control:
• Conduct regular internal audits to assess the effectiveness of financial and operational controls
• Identify areas of material risk and misstatement and provide recommendations for enhancing internal processes
• Ensure compliance with established internal policies, procedures and regulatory requirements
• Design, implement and monitor internal control frameworks to safeguard company assets and data, including cybersecurity
• Ad-hoc projects and financial analyses, as required