Financial Analyst

4 weeks ago

Toronto, Canada Randstad Canada Full time
We are looking for a highly skilled Financial Analyst to join our growing team located in Toronto.

Position: Financial Analyst
Location: Toronto
Industry: Manufacturing
Type: Contract
Duration: contract with high potential to extend or turn permanent.

Do you have experience with analyzing margins and cost?
Are you good at analyzing data and presenting digestible information for end-users?
Do you have a deadline-driven mindset and can handle working in a fast-paced environment?
Are you proficient with advanced Microsoft Excel functions (Pivot Tables, Vlookup, Formulas, etc..)?

If you said yes to all these questions, this might be the job for you

To apply, please send your resume to harika.bodepu@randstad.ca today in Word Document format.

Advantages
In this Financial Analyst role located in Toronto, you will have the following benefits:
- Contract with very high potential to extend or turn permanent.
- Competitive pay ranges from $30-33 depending on experience.
- Free Parking available on-site
- Optional benefits plan with Securian for Health, Dental, and Life Insurance.
- Udemy - free online professional training to enhance your skills.

Responsibilities
In this Financial Analyst role located in Toronto, you be responsible for:
- Monitor and analyze inventory levels to ensure optimal stock levels while minimizing carrying costs and avoiding stockouts.
- Conduct regular inventory reconciliations and variance analysis to identify discrepancies and implement corrective actions.
- Collaborate with cross-functional teams to develop and implement inventory control policies and procedures.
- Provide insights and recommendations for inventory optimization and reduction of excess or obsolete inventory.
- Analyze product margins, pricing structures, and sales trends to identify opportunities for margin improvement.
- Assess the impact of pricing changes, discounts, and promotions on overall profitability.
- Develop and maintain margin forecasting models to support budgeting and planning processes.
- Work closely with sales and marketing teams to evaluate the profitability of new products and customer segments.
- Analyze manufacturing costs, including raw materials, labor, and overhead, to identify cost-saving opportunities and improve operational efficiency.
- Conduct regular cost variance analysis and provide actionable insights to management.
- Assist in the development and maintenance of standard costing systems and procedures.
- Collaborate with operations teams to identify and implement process improvements that drive cost reductions without compromising quality.
- Prepare regular financial reports and presentations for senior management, highlighting key performance metrics and insights related to inventory, margins, and costs.
- Communicate findings and recommendations effectively to various stakeholders, both finance and non-finance, to drive informed decision-making.
- Support the annual budgeting and forecasting processes by providing accurate and timely analysis of inventory, margins, and costs.

Qualifications
This Financial Analyst role located in Toronto requires the following:
- Minimum College degree or Bachelor's degree in Accounting and Finance. Working towards a professional designation is an asset.
- Minimum 3 years of experience working in finance and or accounting as an analyst.
- Experience analyzing inventory, margin, and cost is a must.
- Experience working with Accounting ERP like MS Dynamics is a great asset.
- Experienced working in manufacturing is a great asset.

Summary
If this job is for you, please contact me at harika.bodepu@randstad.ca

If you do not have the qualifications for this Financial Analyst role but you have a minimum of 6 months of experience in accounting/finance/payroll and you are located in the Greater Toronto Area, please contact me as I may have another role suitable for you

Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.

Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to accessibility@randstad.ca to ensure their ability to fully participate in the interview process.

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