Financial Analyst

Longo’s is committed to fostering a diverse and inclusive environment where team members have a place to grow and pursue excellence, have the latitude to take ownership of their careers and the support and encouragement necessary to be the best they can throughout their career. We are a Canadian, family operated food retailer which has grown and prospered since 1956. Our team members are dedicated to exceeding customer expectations by offering the best food experience to every customer, every time. It is through such commitment that Longo’s now operates over 36 stores within the GTA along with Grocery Gateway; our online grocery delivery service, is celebrating 65 years of business and is continuing to grow

Do you have interest in Finance?

Are you organized and looking for great exposure as a Finance Analyst?

Why not join us?

**Position: Financial Analyst**

This position is responsible for the administration, accounting, analysis, reporting and budgeting of financial information related to vendor trade spend (volume incentives, listing fees, advertising allowances, demo income, business development support, etc). This position is also responsible for identifying and documenting process improvements, implementing internal controls and policies and supporting the period close process, annual audit process and budgeting process. The Financial Analyst will support the Senior Manager, FP&A with system and reporting requirements for the business. This position requires interaction with cross functional teams such as Merchandising, Marketing, Supply Chain, IT as well as interaction with the Company’s vendor partners.

Reporting to the Senior Manager, FP&A - Merchandising Support and Reporting & System Management, the Financial Analyst is responsible for the effective and timely review of vendor contracts, calculation of vendor income and all accruals, invoicing, recording and reporting, reconciliation and collection of vendor rebate balances. The incumbent will be a key liaison with the Merchandising department and will work collaboratively with the Category Managers to optimize trade spend and implement process improvements in this area. This position will support the Senior Manager, FP&A with performing certain analysis, forecasting and budgeting of vendor income as well as with PBCS (Planning and Budgeting Cloud Service) system and reporting requirements for the business. Day-to-day work will be performed with mínimal supervision.

***What you’ll do:

- Interpret all vendor contract elements (dollar value, volume, tiering, minimum thresholds) for the purpose of administration and proper accounting of the program
- Update various excel tracking tools with contract terms and income received to allow for accurate accruals and reconciliations and ensure trade spend optimization
- Communicate effectively with vendors by providing support and responding to ad hoc queries
- Generate invoices and deductions for all trade spend related activities and record all incoming vendor payments in general ledger
- Calculate and record all vendor rebate related accruals and deferred revenue on a period basis
- Reconcile all trade related balance sheet accounts on a period basis
- Review the accounts receivable aging report on a period basis and follow up with respective vendors to ensure prompt payment
- Work collectively with the Finance team on period close activities and take responsibility for promotional income related accounting and analysis
- Prepare working papers, analysis and commentary for the yearly financial audit as it pertains to the scope of the role
- Miscellaneous and ad hoc invoicing and accounting tasks, as deemed necessary
- Review and reconcile vendor contracts to income earned and funds collected for all trade spend vendor accounts
- Assess and recommend actions to address risks and opportunities in trade related income
- Prepare and issue monthly departmental trade spend reporting and analyze results against budget
- Provide analytical support to the Category Management and Supply Chain teams, as required
- Provide support to other FP&A Managers with system loads and other requirements during budget season
- Liaise and coordinate with other departments to ensure completeness and timeliness of vendor contracts and related documentation
- Investigate trade spend related discrepancies and root cause; follows up with vendors and Category Management team for resolution
- Maintain documentation of and control over the data associated with all vendor trade relationships
- Review and document current processes and practices
- Oversee all systems and tools related to vendor-sourced revenue administration and reporting (Access database, GOLD billbacks, VI Tracker, etc.)

What we are looking for:

- Accounting designation (CA/CMA/CGA) or working toward an account designation is an asset, but not mandatory
- Experience in a vendor/trade revenue analyst role is beneficial.
- Minimum 2 years in an account