Manager, Financial Planning

Who We Are
HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we're passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.

OUR VALUES, OUR PASSION
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

• Customer-Focused. Passionate Advocates
• Courage to Act. Do the Right Thing
• One Team. One Vision
• Think Long-Term. Ever-Evolving
• Be Exceptional. Inspire Greatness

Position Summary
The Manager, FP&A works closely with the Director FP&A and the VP, FP&A. The FP&A Manager plays a critical role in driving financial strategy and performance within the bank. This position is responsible for leading budgeting, forecasting, financial modeling, and performance analysis to support strategic decision-making. The ideal candidate combines strong analytical skills with a deep understanding of banking operations and financial regulation. It may also be called upon to provide analysis requested directly by the CFO and CEO.

Responsibilities include developing and maintaining analytical models, assessing the impact of real estate market changes on the business, maintenance of planning procedures, checklists and guidelines, management of the budgeting and forecasting reporting tool, maintenance of KRI and KPI dashboards, and variance analysis reports.

MAJOR ELEMENTS OF THE ROLE
Annual budget

• Coordinate the development of the annual budget in collaboration with cross-functional stakeholders.
• Analyze trends in profitability and overhead expenses to inform budgetary decisions.
• Manage headcount planning and salary budgeting in partnership with HR and business leaders.
• Manage budgeting process for overheads and analyzing key trends
• Prepare and maintain operational metrics, KPIs, and executive dashboards.
• Develop and present comprehensive budget packages for senior leadership and the Board of Directors.
• Maintain the Bank's long-term financial model, including preparation of 10-year financial projection.

Financial analysis and forecasting

• Support month-end close activities, including variance analysis and financial reporting.
• Prepare monthly financial results packages, with a focus on repayment trends and salary/overhead variances.
• Collaborate with stakeholders to forecast overhead expenses, including headcount planning.
• Develop monthly financial forecast packages, comparing projected full-year results against budget.
• Analyze forecast changes across all financial line items.
• Prepare quarterly executive and Board-level financial presentations.

Enterprise Decision Support and Strategic Analysis

• Represent FP&A on strategic project teams across the organization
• Evaluate business cases and initiatives to assess financial viability and performance impact.
• Conduct contribution margin and business performance analyses to support strategic priorities

ERP (WorkDay Adaptive) and Process Improvements

• Assist in maintaining the Bank's budgeting and reporting platform (Workday Adaptive), including new users, security access, and existing hierarchical roll-ups.
• Assist in the development, enhancement and maintenance of financial modules and reports within the platform.
• Identify and implement process improvements to enhance forecasting accuracy and operational efficiency.
• Design and deploy new financial reports and dashboards to meet evolving business needs
• Train and educate new users on using the platform, maintaining any relevant documentation and/or guidance materials

Tax Compliance

• Assist in preparation of monthly tax provision, annual financial statement tax disclosures, annual tax rate reconciliation.
• Ensure timely completion of income and commodity tax compliance filings.
• Support in executing tax planning strategies and assess their financial impact.

Other Duties As Assigned
SKILLS AND EXPERIENCE REQUIRED

• Degree in Business Administration, Accounting, Finance, or a related field.
• Professional designation – CPA, CMA, CFA preferred (not mandatory).
• Experience with Workday Adaptive Planning platform is preferred
• Proficiency in using data analysis tools and software such as Excel (proficient in PowerBI), SQL.
• Progressive experience in Financial Planning & Analysis, and/or strategy (Financial Services industry experience is a plus).
• Strong PowerPoint skills, able to storyboard and create presentations for senior audiences.
• Strong analytical, problem-solving, and attention-to-detail skills, with the ability to sift through large volumes of data and present clear, concise reports tailored for non-finance audiences.

WORKING CONDITIONS UNIQUE TO JOB

• Hybrid work environment

WHY WORK AT HOMEEQUITY BANK?
Great Environment
HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre
We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto's Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures , the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People
We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say 'great job' to their colleagues and leaders.

From our Appreciate Program to the High Five Award Program and President's Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks (for eligible employees)

• HomeEquity Bank offers a competitive total rewards package that includes:
• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

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