Financial Planning & Analysis Manager - 6 Month Contract

at  HomeEquity Bank

WHO WE ARE

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.

POSITION SUMMARY

The role works with the Director, and the VP, FP&A to partner with the business and provide dedicated expertise in financial analysis. This role plays a key part in leading the Bank’s budgeting, planning, and forecasting cycles and ongoing monitoring of financial performance. This role is a critical resource in providing financial analysis to support strategic decision making throughout the enterprise. In some instances, the role may be called upon to provide analysis requested directly by the CFO.

QUALIFICATIONS AND TECHNICAL EXPERTISE:

• Bachelor’s degree in business administration, Accounting, Finance, or a related field
• Professional Accounting Designation (CPA) would be an asset
• Experience with Workday Adaptive Planning platform would be an asset
• Proficiency in using data analysis tools and software such as Excel (proficient in PowerBI), SQL, Tableau, etc.
• Progressive experience in Financial Planning & Analysis, and/or strategy within the Financial Services industry (mortgage / lending experience is a plus)
• Strong quantitative skills, with proficiency in modeling – assessing strategic initiatives (e.g. business cases) from a quantitative and qualitative perspective
• Strong PowerPoint skills, able to storyboard and create presentations for senior audiences

MAJOR ELEMENTS OF THE ROLE

Annual budget

• Assisting in preparation of the annual budget working closely with multiple stakeholders
• Analysis of the budgeted profitability and overhead expenses
• Maintain and analyze the FTE and salary budget in conjunction with HR
• Prepare reports and analysis of operational metrics, KPIs and dashboards
• Preparation of budget reports and packages for senior executives and board
• Preparation of the five-year financial projection

Financial forecasting

• Support the month end process including financial statement analysis and associated reporting of budget and reforecast variance
• Prepare and report monthly forecast and projecting the full year results
• Periodic (quarterly, monthly) preparation and presentation of drivers and metrics with analysis and insights on achievement of financial objectives
• Analysis of changes to forecast through all line items of the financials
• Preparation of executive management and board reports

Enterprise Decision Support and Strategic Analysis

• Represent FP&A on strategic project teams across the Company
• Support internal partners by reviewing business cases of initiatives undertaken across the bank for performance improvement

Budget and forecasting system

• Lead the development and maintenance of financial modules and reports in the Banks’ budgeting and reporting software
• Identify and drive process improvements, to increase efficiencies in FP&A, and increase depth and accuracy of P&L forecasting
• Develop new financial reports and dashboards to meet business needs

Other duties as assigned (e.g. tax planning, compliance)