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Senior Financial Analyst

2 months ago

Canada, CA Hays Full time

Role: Senior Financial Analyst

Duration: 5 Month Contract (Potential for Extension)

Location: Toronto or Waterloo/ Hybrid (1 Day In-office)


Your new Company

Hays Specialist Recruitment has partnered with an established insurance company based in Toronto and Waterloo, ON. We are currently hiring for a Senior Financial Analyst to join their team on a 5 Month Contract, which has the possibility of extension. This candidate will be required to work hybrid 2 days in-office


Your New Role

  • Developing financial models and business cases to support IT initiatives, projects and investments. The successful candidate is adept at defining and analyzing costs and benefits for a wide range of IT and capital project initiatives ranging from infrastructure to software/systems development to outsourcing.
  • Performing customized financial analysis and other work for large initiatives such as outsourcing
  • Monthly reporting on expenses, root cause analysis on variances, leader meetings to present results for the month, forecasting, handling the 2025 plan and budget
  • Guiding and adding value in the development of business cases and cost benefit analysis
  • Reviewing, analyzing, critiquing and/or developing business cases that incorporate financial modeling with business-oriented presentation of the problem, impact, business justification, alternatives, benefits and other parameters to investment decision-making
  • Providing financial reports related to above work


What you need to succeed

  • Undergraduate degree in business/finance is required
  • Accounting designation or equivalent work experience is required
  • A minimum of 3-5 years experience in finance/accounting specifically in analyzing IT and capital projects
  • Good understanding of business drivers for IT investments and ability to tailor to specific situations and incorporate into Cost Benefit Analyses (CBAs) including commodity and income tax impacts
  • Proficient at providing financial assessment, understanding & predicting results.
  • Previous experience using Hyperion, Tableau and Advanced Excel is required
  • Previous experience working in the Financial Services industry is strongly preferred
  • Knowledgeable in financial risk identification and mitigation
  • Thorough knowledge of and experience in using Excel including macros
  • Knowledge of contracts for IT products and services