Business Analyst

5 months ago


Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

The Purchasing, Billing & Asset Reconciliation COE is structured around the activities of Purchase Order execution and Invoice Reconciliation, Billing, and payments execution. This role supports the execution of RBC PO's and works collaboratively with enterprise stakeholders and ensures strong Supplier Relationship Management practices. Ensures smooth operation and execution of the PO Management life-cycle and provides advisory services across the organization (linking with taxation, Accounts payable, Supplier Risk Management, Commercial and Business Operations, procurement, and Business Units,etc.) Ensures compliance to RBC Policy and best-practices for efficient execution and delivery of Capital Purchases (i.e. HW, SW, Maintenance, ProFess, etc.) as the enterprise. Mitigates and disputes inaccurate billing and monitors supplier PO related activities to ensure financial transparency and mitigate associated risks. Within the role you experience and seasoned knowledge, skills, and practices will aid in performing a variety of duties beyond day-to-day activities.

**What is the Opportunity About**

Join the Commercial and Business Operations - Purchasing and Contract Billing COE. As a financial shared service, you will be engaged with internal and external stakeholders supporting the enterprise Purchase Order Life-cycle process. We pride ourselves in providing top-notch service to our third-party suppliers and business partners in maintaining strong strategic partnerships.

We are seeking a talented and adaptable individual to ensure smooth operation of enterprise Purchase Order Life-cycle management, while providing advisory services across the organization for complex purchasing engagements across multiple jurisdictions for the organization.

You will partner with RBC business units to ensure compliance to RBC policy, Financial due diligence and Risk-management best-practices within all business engagements and transactions. Day to day, your work will support RBC enterprise wide. You will be working in a fast-paced environment, juggling competing priorities, and will be communicating directly with business stakeholders to understand purchasing requirements, executing transactions, and ensuring needs are met.

**What will you do**
- Enterprise responsibility to manage all aspects of third-party supplier PO/Contract Billing related processes and activities.
- Support the development, execution, and maintenance of optimization strategies for enterprise-wide Source-2 Pay initiatives to ensure continuous optimization of all third part supplier relationships.
- Purchase Order Life-cycle management - from PO execution through to payment execution.
- Prepare monthly reports on volume metrics, disputes tracking and build/enhance meaningful metrics to support operations and provide insight to stakeholders.
- Employ strong risk-management best practices and financial due-diligence in handling large value transactions, with a detail-oriented mindset.
- Manage both RBC and vendor relationships as part of daily duties
- Identify continuous process improvement opportunities and influence progress and realize benefits by recommending and instituting change.

**What do you need to Succeed**

**Must Have**
- Strong financial acumen and understanding of accounting principles.
- Experience dealing with complex situations and ability to shift priorities based on stakeholder needs.
- Strong relationship management and communication skills
- Inquisitive nature and desire to learn and grow.
- Self-motivated - driven to get results, takes initiative and needs minimum oversight.

**Nice to Have**
- Experience with financial systems and ITAM (i.e. SAP, ServiceNow, etc.)
- Experience working in fast-paced and agile environment.
- Experience building enhancement pipelines for process re-engineering.
- Financial Industry knowledge specific to Technology and Operations (Infrastructure) experience is a plus.

**What’s in it for you?**

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
- Flexible work/life balance options
- Opportunities to do challenging work

LI-Hybrid

LI-POST

TechPJ

**Job Skills**

**Additional Job Details**

**Address**:
330 FRONT ST W:TORONTO

**City**:
TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

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