Senior Manager, Financial Planning

Join a Challenger

Being a traditional bank just isn't our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you're not afraid of taking on big challenges and redefining the future, you belong with us. You'll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

This opportunity will play a pivotal role within the Financial Planning and Reporting team in one of the fastest growing financial institutions in Canada. The Sr. Manager/ AD, Financial Planning & Reporting will use their financial modeling and analytical skills to develop or enhance scheduled and ad hoc models and reports that drive key management decisions.

Strong organization and multi-tasking skills are a must and the individual should be able to work with a high degree of independence and initiative. Although there are 2 direct reports under this role, the Sr. Manager/ AD must also be willing to take a hands-on approach to the role together with a high level of attention to detail.

The individual will be required to have well-developed interpersonal and communication skills, due to extensive work with department heads and our leadership team. The ability to effectively gather and document reporting requirements and statements of work is also paramount to the success of the role.

The Core Responsibilities

- This role will specifically support the Personal Lending, Payments and Digital Bank portfolios and be the primary financial lead supporting the Head of Personal Business.

Maintenance of Financial Models (25%)

- Liaise with Senior Management within various Business Units to collect relevant assumptions which drive Financial Model output.
- Responsible for developing and maintaining financial models that are distributed to Senior and Executive Management on a monthly and quarterly basis.
- Key deliverables include, but are not limited to:
- Annual Budget Model
- Quarterly Financial Forecasts
- Monthly Financial Reports
- Monthly Accruals and reporting of vendor spend
- Business Unit NIM
- Business Unit profitability reporting, ROE
- Pricing analysis
- This role will require the candidate to run and review output from detailed Financial Models.
- Responsible for accuracy of data extraction and interpretation of data from various information sources.
- Employ and review advanced Excel skills such as Pivot Tables, Nested "IF" Statements, VLOOKUP, OFFSET, SUMIFS, MATCH-INDEX, etc. to build efficient and accurate financial models.
- Review Financial Analyst/s and Grad Rotational Associates' work relating to Financial Models.

Financial Analysis/Ad hoc Reporting (35%)

- Reporting requests may require the candidate to collect, consolidate and analyze financial data and key performance metrics derived from various sources.
- Responsible for presenting results and providing analysis and insights to Senior and Executive Management within Business Units on a monthly and quarterly basis; including but not limited to insights and recommendations to drive better results and overall business performance.
- A high degree of flexibility, autonomy and attention to detail, often under tight timeframes.
- Key deliverables include, but are not limited to:
- Business Unit specific portfolio reporting.
- Business Unit specific efficiency and KPI reporting.
- Ad-hoc reporting, as required by Senior Management and Executive Management.
- Review Financial Analyst/s and Grad Rotational Associates' work relating to Financial Analysis and Ad hoc Reporting.
- The candidate may be required to assist in other areas of the Accounting and Finance department and other business units as needs arise.

Enhance Financial Analysis and Processes (25%)

- The candidate will work closely with the Senior Director, Financial Planning & Reporting to define, scope and implement enhancements to detailed Financial Models, Financial Analysis and Reporting.
- Assess and recommend improvements to the Annual Budget and Quarterly Forecasting Process, involvement in the implementation and use of a new Budgeting/ Forecasting tool.
- Proactively find ways to improve the technical accuracy, validation and organization of Financial Analysis.
- Structure key processes and develop relevant background documentation with a view to enhance efficiencies and manage risk.
- Find opportunities and operationalize changes to reduce redundancy within processes and reporting, automate and streamline to reduce manual effort, time and risk of error in work that the team produces.
- Review Financial Analyst/s and Grad Rotational Associates' work relating to Enhancements implemented to Financial Analysis Processes.

Leadership (15%)

- Foster a positive and productive work environment, encouraging open communication and collaboration among team members.
- Resolve conflicts that may arise, addressing issues promptly and fairly.
- Coaching & development – Demonstrate strong performance management skills, effectively setting and communicating expectations, identifying development opportunities, and coaching team members to achieve their full potential.
- Promote diversity, equity, and inclusion and a culture of respect and understanding where diverse perspectives are valued and celebrated.
- Ensure that accountability is shared within the team, empowering members to take responsibility for their work and encouraging open communication about successes and challenges.

Let's Talk About You

- Four-year post-secondary degree; Accounting, Finance, Economics, or Business preferred.
- MBA/CPA/CFA designation preferred.
- Minimum 8 years of progressive and relevant work experience.
- Experience overseeing/reviewing junior Team members' work.
- Knowledgeable of mortgage and personal banking products and features, lines and letters of credit.
- Highly skilled in using MS Office (Excel, Access, PowerPoint and Word).
- Advanced Microsoft Excel skills, including developing/running macros.
- Ability to work extensively with formulas, numbers and spreadsheets.
- Experience utilizing technology to gather and manipulate data.
- Experience using database query tools (i.e. SQL) is considered an asset.
- Knowledge of financial statements and reporting is required.
- Knowledge of financial modeling concepts is required.
- Possess strong problem-solving and analytical skills.
- Strong attention to detail.
- Strong organizational skills.
- Ability to clearly communicate technical, analytical/quantitative or conceptual information and ideas using language that is appropriate to the target audience.
- Strong two-way communication and leadership skills.
- Ability to handle multiple competing priorities (multi-tasking).
- Enjoys working in both team and individual environments.

What we offer [For full-time permanent roles]

Competitive discretionary bonus.

Market leading RRSP match program.

Medical, dental, vision, life, and disability benefits.

Employee Share Purchase Plan.

Maternity/Parental top-up while you care for your little one.

Generous vacation policy and personal days.

Virtual events to connect with your fellow colleagues.

Annual professional development allowance and a comprehensive Career Development program.

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience.

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank's additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone's diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can't wait to get to know you

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