Bp&a Analyst

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. **Who is Allstate**: Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. The company is proud to have been named a Best Employer in Canada for nine consecutive years and prioritizes supporting employees and fostering an inclusive, welcoming corporate culture. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. Serving Canadians since 1953, Allstate strives to provide reassurance with its "You’re in Good Hands®" promise. - Through our Employee Value Proposition, Opportunity, Flexibility, Community, Diversity and Family, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do._ **Role Designation**: Hybrid **Benefits to joining Allstate** - Flexible Work Arrangements - Employee discounts (15% on auto and property insurance, plus many other products and services) - Good Office program (receive up to 400$ back after purchasing office equipment) - Student Loan Payment Matching Program for Government Student loans - Comprehensive Retirement Savings Program with employer matched contributions - Annual Wellness allowance to support employees with improving health and wellbeing - Personal reflection day - Tuition Reimbursement - Working within the community and giving back **Job description**: Our team is growing and we are actively looking to hire a BP&A Analyst. In this role, the BP&A Analyst as part of the Finance department’s Business Planning and Analysis team supports the achievement of Allstate Canada Group’s short - and long-term Mission, Vision and Strategic objectives through management of the corporate expense budget. This is accomplished by providing detailed reporting of finance, expenses, actual variance to plan analysis, monthly reforecasts, and annual plan process. In addition, the BP&A Analyst provides highly specialized consulting and in-depth finance analyses, specialized reporting and participates or leads functional and cross-functional projects, and continuous improvement initiatives. **Accountabilities**: Financial Analysis and Reporting: - Conduct comprehensive financial analyses, including variance analysis, trend analysis, and forecasting. - Prepare and present detailed financial reports to senior management, highlighting key insights and recommendations. Budgeting and Forecasting: - Lead the annual budgeting process, working closely with department heads to establish financial targets. - Develop and maintain accurate financial forecasts to support strategic planning initiatives. Strategic Financial Planning: - Provide strategic financial insights to support business planning and decision-making. - Collaborate with cross-functional teams to evaluate the financial impact of various initiatives and projects. Financial Modeling: - Develop and maintain complex financial models to assess the financial viability of potential projects and investments. - Analyze different financial scenarios to guide senior management in making informed decisions. Risk Management: - Identify and assess financial risks and opportunities, proposing risk mitigation strategies. - Monitor and analyze market trends and industry benchmarks to ensure the organization remains competitive. Process Improvement: - Continuously review and enhance financial processes and reporting systems for increased efficiency and accuracy. - Implement best practices to streamline financial operations. Stakeholder Communication: - Communicate financial insights and recommendations effectively to non-finance stakeholders. - Collaborate with various departments to ensure alignment between financial goals and operational activities. **Qualifications**: - University degree in business, finance accounting or equivalent is essential - Possession of a Chartered Professional Accountant (CPA) designation is an asset - Insurance Industry Experience an asset - Minimum of 2-3 years’ experience in financial analysis and forecasting, budget formulation, financial planning, financial controls, as well as preparing a variety of financial performance reports - Strong proficiency in financial modeling and analysis tools (Power Query, Power BI, Tableau etc.) - Excellent understanding of accounting principles, financial regulations, and reporting standards - Exceptio