Associate Director, Financial Planning

Get AI-powered advice on this job and more exclusive features. Join a Challenger Being a traditional bank isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity. Our company continues to grow, and today 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 AD/Sr. Manager, 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 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 and 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 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: Business Unit specific portfolio reporting; KPI reporting; Ad-hoc reporting as required by Senior/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%) 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 to enhance efficiencies and manage risk Find opportunities to reduce redundancy within processes and reporting, automate and streamline to reduce manual effort, time and risk of error 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 promptly and fairly Coaching & development – performance management, setting expectations, and coaching team members Promote diversity, equity, and inclusion and a culture of respect and understanding Ensure accountability is shared across the team and empower members to take responsibility 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 communicate technical/analytical information clearly to target audiences Strong two-way communication and leadership skills Ability to handle multiple priorities 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 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 at Ontario Street, Toronto, ON. Equitable Bank is deeply committed to inclusion and supports a barrier-free recruitment process. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. We can’t wait to get to know you Seniority level Not Applicable Employment type Full-time Job function Finance and Sales Industries: Transportation, Logistics, Supply Chain and Storage Referrals increase your chances of interviewing at EQ Bank | Equitable Bank by 2x Get notified about new Director of Financial Planning and Analysis jobs in Toronto, Ontario, Canada. Director of Financial Planning and Analysis — Toronto, ON CA$130,000.00-CA$160,000.00 #J-18808-Ljbffr