Senior Financial Analyst at Select Food Products Limited

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

26 Jun, 26

Salary

95000.0

Posted On

28 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Planning, Financial Analysis, Margin Reporting, Variance Analysis, Financial Modeling, Forecasting, Budgeting, Costing, ERP Systems, Excel, PowerPoint, Communication, Time Management, Process Improvement, Data Validation, Scenario Analysis

Industry

Food and Beverage Manufacturing

Description

Purpose Reporting to the Senior Director, Finance, the Senior Financial Analyst plays a pivotal role in delivering accurate contribution margin reporting and accounting across the whole business. This position requires a proactive, accountable professional with a strong sense of ownership and exceptional analytical and financial expertise. Responsibilities Financial Planning & Analysis * Prepare, analyze and report monthly gross margin analysis by product, customer, channel and production line * Conduct advanced variance analysis and report on end-to-end margins, driving improvements through operational actions, uncovering patterns, assessing deviations from targets (budget, forecast, and prior year), and provide root cause diagnostics to drive informed decision-making * Analyze portfolio mix, pricing, and trade investments to enhance margin performance * Proactively identify and communicate possible scenarios, risks and opportunities around business performance * Report product volume, pricing and foreign exchange mix variance analysis for Revenue and Cost of Materials * Develop and implement processes that support the dynamic modeling of revenue that drive accountability into the business and provide a reliable base for budgeting and cash forecasting Financial Reporting * Drive timely and accurate reporting of Revenue and Contribution Margin to the organization at product, customer and production line level * Collaborate and prepare analyses of business trends and budget variance of financial results to be used in management reviews and strategic business analysis sessions * Support the Finance monthly and quarterly reporting package, providing key insights into financial performance and enhance transparency, setting up efficient systems and tools Budgeting and Forecasting * Contribute to the planning and forecasting process, offering data-driven analysis and recommendations * Lead the development of scenario analyses and financial models to assess potential outcomes and support long-term planning * Provide rolling forecasts and scenario planning to adapt to changing business conditions Sales & Operations partnering * Partner with cross-functional teams to analyze product performance and profitability metrics * Act as a strategic partner to the Sales, R&D and Operations teams, providing financial guidance, insights and support strategic initiatives as well as other functions as needed * Support various finance and operations initiatives, partnering with teams on high-priority strategic projects to model and assess economics and analyze risks and opportunities * Provide financial expertise to other functional areas of the organization by understanding the ins and outs of their business * Support pricing strategies and business case development for new product launches, which includes liaising with sales, purchasing, production planning and R&D * Provide insightful financial analysis and recommendations for improvements in profitability, pricing, and any other direct costs specific to a customer or product group * Lead all financial analysis and presentation of financial projections in the S&OP monthly process, responsible for data validation and data accuracy of data inputs and outputs Costing * Review costing methodology and processes to ensure consistency and accuracy * Update material, labour and overhead standard costs and impact of changes in unit costs in inventory and COGs * Review all new materials/products code setups, bills of materials and routings for accuracy to upload into ERP and troubleshoot and follow up resolution of issues or errors * Provide analytical support for ad-hoc requests on proposed changes to the material, process speeds, labour, scrap rates, etc. * Ensure timely completion and analysis of cost of goods sold, including labour, material, and production costs * Review and investigate work order variances and material variances (PPV) * Review monthly inventory adjustments and cycle count reports for large variances * Review Slow Moving and No Activity reports for potential write offs. Ensure un-saleable and discontinued items are disposed of, written off or reserved as appropriate * Work closely with Inventory Management and Control to assist in regular physical inventories to ensure accurate raw material and finished goods inventory counts and balance sheet integrity * Partner with the Sales team in preparing cost analysis for new and existing products All others * Identify opportunities to streamline existing processes using automation tools, advanced modeling, and modern analytical techniques * Improve financial visibility, control, and planning effectiveness through scalable processes, in collaboration with accounting and business teams. * Prepare ad hoc financial analysis and recommendations to management * Build and improve management reporting, financial modeling, and analysis that provides business insight for key decision making * Assist in all internal/external audits, as needed Qualifications * University degree in Accounting (preferred) or Business Administration * Professional certification (CPA/CMA/Qualified Accounting certificate) a plus * 5+ years of professional work experience in financial planning, financial budgeting, financial forecasting, support commercial, sales, operations or in a similar role is required * Experience in a manufacturing environment, food industry is preferred * Strong and effective communication skills * Adaptability and excellent time management skills * Ability to work autonomously and with little direction in a high volume, fast paced environment * Experience with an ERP, preferably SAGE * Proficient on Excel and PowerPoint * Strong financial modelling skills and ability to translate a business problem into a model in multiple ways; contribute to the innovation of current financial models * Navigates complexity and simplifies processes * Collaborative approach to problem-solving

Responsibilities

The Senior Financial Analyst is responsible for delivering accurate contribution margin reporting and accounting across the business, focusing heavily on Financial Planning & Analysis, including preparing detailed margin analyses by product, customer, and channel. This role also involves driving timely financial reporting, contributing to budgeting and forecasting processes, partnering with Sales and Operations, and overseeing costing methodologies and accuracy.