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Senior Financial Analyst
2 months ago
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