Job Specifications
Join a Challenger
Being a traditional bank just 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 800,000 customers 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 $142 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!
This role will specifically support the Personal Lending, Payments and Digital Bank portfolios and be the primary financial lead supporting the Head of Personal Business.
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, Nestled “IF” Statements, VLOOKUP, OFFSET, SUMIFS, MATCH-INDEX, etc. 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 includes, but are not limited to:
Business Unit specific portfolio reporting
Business Unit specific efficiency and KPI reporting
Ad-hoc reporting, as required by Senior Management and 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%)
The candidate will 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 with a view to enhance efficiencies and manage risk
Find opportuniti
About the Company
Equitable Bank and its digital platform, EQ Bank, are dedicated to driving change in Canadian banking to enrich people's lives. As Canada's Challenger Bank(tm) and the seventh largest bank by assets, we provide outstanding personal and commercial banking experiences to customers and credit union members across Canada.
Through EQ Bank, our customers have named us one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
Equitable Bank is a proud, wholly owned subsidiary of EQB Inc. (TSX: EQB), a leade...
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