Job Description

Title: Financial Analyst
Location: Toronto, ON \xe2\x80\x93 Hybrid
Duration: 12 Months

The purpose of the Financial Analyst role is to handle financial reporting activities and to extend full support to the Director of Accounting in month end closing activities including the preparation of monthly Finance Package and forecasting and budgeting.
Emphasis on having a financial reporting background. The role will also be heavy on the treasury activities.

Essential Functions / Key Areas of Responsibility

• Active preparation and support to month-end, year-end close and budgeting processes.
• Preparation and timely submission of Reporting as well as preparation and submission of quarterly financial notes to the statements to the Group
• Preparation and coordination of the monthly internal financial reporting package for Management review
• Preparation of quarterly tax provision and Income Tax package for Annual Corporate return
• Support in annual MYB construction process
• Performs Balance Sheet account reconciliations (must provide analytical insight that supports conclusions)

Financial Analysis:

• Preparation of monthly Income Statement comparison of Actuals to Budgets (variance analysis)
• Preparation of monthly variance analysis of Balance Sheet to budget and forecast (must provide relevant financial information to decision makers)
• Actively supports the daily, weekly, and monthly internal reporting requirements for treasury, regular cash reporting.
• Liaises with Corporate Central Finance Departments and related financial institutions.

Support with Treasury activities:

• Preparation of monthly Operation Cash Flows (OCF) actual, forecast and budget.
• Monitoring of daily cash requirements & borrowing needs \xe2\x80\x93 in-depth knowledge of banking systems and payment processes - understanding inflows & outflows, business cycle & reports against it (indebtedness, solvency, working capital, cash flow production)
• Monitoring of the hedging program\xe2\x80\x93 perform foreign exchange trading and transactions, maximizing trading revenue where possible; report on exposures - analyzing and developing action plans to address exposures.
• Execution of exchange rate guarantees, forward contracts, and swaps \xe2\x80\x93 as applicable
• Active support in the management and execution of customer contract guarantees \xe2\x80\x93 participation in risk assessment and coordinating guarantees for bids on projects \xe2\x80\x93 bonds, credits, needs of parent company, export, and bankers.
• Ensuring compliance with Group\'s procedure in terms of contract bonds and guarantees \xe2\x80\x93 support in implementing internal procedure for the corporation.
• Maintain and support adequate banking and surety services.
• Liaises with Corporate Central Finance Departments (Treasury / Group Financing / DAFI / Bonds and Guarantees) and related financial institutions.
• Support and ensure compliance with reporting guidelines (GAAP and IFRS) \xe2\x80\x93 preparing appropriate documentation and accounting treatment for derivatives.
• Actively supports the daily, weekly, and monthly internal reporting requirements for treasury, regular cash reporting, and risk management reporting.

Other responsibilities /tasks:

• Preparation of ad hoc analysis at the request of management
• Direct and/or participation in special projects at the request of management
• Supports other Finance shared Services team members as needed.
• Ensures timely resolution of issues.
• Drives initiatives to promote streamlined processes, operational efficiency and enhanced internal controls.
• Supports new system implementations (when applicable).
• Provides timely Finance support to operational teams as required and facilitates cross-functional communication.

Minimum Requirements: Skills, Experience, Education, Technical/Specialized Knowledge, Certifications, Language

• Must have University degree with a specialization in accounting.
• Accounting designation (Canadian CPA)
• 7+ years\' experience in financial reporting and analysis

Preferred Qualifications

• Experience with large accounting software (SAP preferred)
• Excellent knowledge of excel, including advanced functions.
• Very good communication and interpersonal skills.
• Very Good team working skills.
• Experience liaising with external auditors.
• Organize workload to meet deadlines and work with little supervision.
• Must be able to work under pressure of deadlines.

Education:

• Must have University degree with a specialization in accounting.
• Accounting designation (Canadian CPA)

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