Senior Financial Analyst

Canadian Red Cross • Full-time • Remote (Toronto, Ontario, Canada) • 6h ago

Title: Senior Financial Analyst Employee Working Location:

Partially Virtual / Hybrid (GTA, Canada)

Employment Status: Temporary Full-time (12 months)

The Canadian Red Cross (Red Cross) – an inspirational not for profit organization, helps people and communities in Canada and around the world in times of need and supports them in strengthening their resilience. As a Canada’s Best Employers 2024, we are committed to having an accessible, diverse, inclusive, and barrier-free work environment. Reporting to the Senior Finance Manager - Philanthropy, or his/her designate, the incumbent supports financial reporting, budgeting, forecasting and analysis of our Philanthropy departments. Key responsibilities include ongoing monitoring and accounting, active participation in month-end, quarter-end and year-end reporting, budgeting, and providing assistance to the Senior Finance Manager. In this role, you will: Responsibility 1 – Ongoing Accounting and Financial Monitoring Reviews General Ledger identifies errors or omissions and prepares correcting / adjusting journal entries as required. Assists stakeholders and budget holders in day-to-day finance requests, including answering questions and providing finance related recommendations. Review salaries & benefit reports and payroll recoveries and makes necessary adjustments to correct errors if any. Update staffing projections based on monthly payroll review. Supports internal and external audits as needed. Maintains process documentation. Proactively identifies process improvements opportunities and recommends courses of action. Assist the Senior Finance Manager in preparing ad-hoc reports and analysis as required. Responsibility 2 – Monthly, Quarterly and Year-end Reporting Leads the month-end process for Philanthropy and ensures all deadlines are met. Prepare and posts month-end journal entries. Prepares/produces and distributes monthly statements, reconciliations, and schedules. Reviews monthly reports to ensure accuracy and completeness. Acts as the first point of contact for stakeholders and assists with any queries arising with respect to monthly results. Analyzes results and provides explanation of variances to budget by gathering information from stakeholders. Performs duties within tight deadline. Responsibility 3 – Yearly Budgeting Prepares and distributes yearly budget templates. Works directly with stakeholders to provide advice and answer any questions regarding the yearly budgeting cycle. Compiles completed templates and prepares related annual budget submission entries into the relevant budget database and reporting system. Analyzes budgets and trends, ensures budget guidelines are respected and that assumptions are reasonable. Flags risky accounts and assumptions to senior management. Responsibility 4 – Data Modeling and Visualization Create and update financial models for various situation as required. Design, maintain and improve PowerBI dashboards for financial and operational reporting. Assist Finance team on data modeling and visualization. What we are looking for: Completion of a university degree in Finance, Business Administration, or a related field with a concentration in accounting. 4-7 years of job-related experience. Strong knowledge and understanding of accounting. Working knowledge and experience with an accounting system for medium-large enterprises. Advanced Excel skills and focused on leveraging technology to increase efficiency. Proactive approach with strong critical thinking and problem-solving skills. Time management and organizational skills, reflected in the ability to prioritize and multi-task. Strong verbal and written communication skills, with the ability to explain complex issues and communicate effectively with senior management. Ability to work remotely both independently with minimal supervision, and collaboratively within a team. Assets: Experience with D365, Solver Bi360, and/or PowerBI. Experience analyzing and visualizing large amounts of data. Working towards, or completion of, a chartered professional accounting designation. Previous experience in non-for-profit organization. Fluency in French. Working Conditions: As we work with and support people (managers, colleagues, beneficiaries/customers, volunteers, donors and external partners) and communities in Canada and around the world, applicants whose first language is not English may be required to perform the responsibilities of the role in English. Eligibility to work in Canada: At this time, we welcome applications from candidates eligible to work in Canada. If you are not a citizen or permanent resident of Canada, we encourage you to carefully review your visa to find out whether you are eligible to work in the job you are considering applying for. Refer to our FAQ for more information. If you are selected for this role, you will be required to complete a successful pre-employment screening process which includes a satisfactory Enhanced Police Information Check (E-PIC).