Analyst, Corporate Financial Performance

Job title:

Analyst, Corporate Financial Performance

Company

Bank of Canada

Job description

Analyst, Corporate Financial Performance

Take a central role

The Bank of Canada has a vision to be a leading central bank-dynamic, engaged and trusted-committed to a better Canada. No other employer in the country offers you the unique opportunity to work at the very center of Canada’s economy, in an organization with significant impact on the economic and financial well-being of all Canadians. You will be challenged, energized and motivated to excel in our environment.

Building on the principles that have always guided us – excellence, integrity and respect – we strive to be forward-looking and innovative, to welcome people with diverse perspectives and talents, and to earn trust by living up to our commitments and by clearly explaining the intent of our policies and actions.

With our defined-benefit pension plan, benefits, and high flexibility for work life balance – find out more about why we are annually ranked as one of Canada’s top employers:

Find out more about the next steps in our .

What you will do
Under the general direction of the Senior Manager, Corporate Financial Performance, you provide proactive support and insight with regards to financial accounting, reporting and analysis. You will provide analytical support for month-end closing, monthly and quarterly financial reporting, annual planning and forecasting, and analysis of data gathered from internal and external sources. Furthermore, you will be required to establish and analyze processes and controls to support team operations and ensure ongoing effectiveness, analyze transactional data to identify irregularities and minimize operational risk, and collaborate with colleagues to improve processes and address issues as they arise. These accountabilities support the production of various internal reports for the Bank.

You will build strong relationships with financial partners and project coordinators from multiple corporate business lines to lead the month-end reporting cycle. You will ensure the continuous improvement and automation of support tools and processes by working closely with financial partners and review existing controls and systems and propose additional controls, when necessary.

• Prepare analyses related to financial performance management, including planning, budgeting and forecasting.
• Prepare the monthly financial reporting package that provides FIN Senior Management with an analysis of key trends, variances and insights into the underlying business drivers using visuals (dashboards).
• Co-ordinate the team’s month end financial closing processes by engaging with various stakeholders to ensure timely and effective execution. This includes the continual tracking, analysis, validation and assessment of journal entries, ensuring transactions are recorded in a timely and efficient manner, and are completed within deadlines, supporting internal and external reporting requirements.
• Oversee certain reporting, planning and analysis tasks completed by the summer student Analyst and provide mentorship and guidance for the Analyst.
• Participate in continuous process-improvement to ensure ongoing effectiveness of the monthly month-end process and Corporate Financial Performance team processes by liaising with the Bank’s Financial Services Department colleagues and other stakeholders to identify and address developing issues.
• Develop and lead training to enhance effectiveness and increase knowledge of Bank operations and financial management practices across the organization.

What you need to succeed

• Be a team-player who takes initiative, is well organized and detail-oriented, and can ensure the completion of high-quality, timely deliverables.
• Have experience and/or have strong interest in financial planning and analysis and internal financial management.
• Have the ability to consolidate, analyze and visualize financial information to extract key messages.
• Seek out and analyze information to draw logical conclusions, and be able to identify, consolidate, and prioritize issues, and translate them into improvement plans.
• Be accurate and efficient in your work and client-focused with your internal and external stakeholders.
• Be a self-starter, by taking initiative without prompt and by proactively considering next steps to move work forward while managing changing priorities.
• Have strong interpersonal skills and are an active listener with effective oral and written communication skills.
• Maintain a continuous improvement mindset.
• Have advanced technical skills with Microsoft Excel (Pivot tables, graphs, dashboards), Word and Outlook, and intermediate knowledge of PowerPoint.

Nice-to-have

• Knowledge of the Bank’s functions and strategic priorities as well as an understanding of the Bank’s corporate policies, governance bodies and decision-making processes
• Experience working with SAP, Workday Adaptive and/or any business intelligence software (e.g. Tableau, Power BI), or Blackline.
• Experience with month-end processes including preparing journal entries and account reconciliations.

Your education and experience

• In the process of obtaining, or have fully obtained a CPA designation (CA, CMA or CGA); and
• A minimum of two to three years of relevant work experience, including experience in financial accounting or financial planning and analysis, and reporting.
• An equivalent combination of education and experience may be considered.

What you need to know

• Language requirement: English and French essential (bilingual) with a minimum starting level of functional (level 4) in second official language. Training may be provided to help reach the required level of fully functional (level 5) in second official language.
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Reliability
• There will be no relocation assistance provided
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.

Hybrid Work Model #LI-Hybrid

The Bank offers work arrangements that provide employees with flexibility, enable high-performing teams, and support an excellent workplace culture. Most employees can telework from home for a substantial part of each month as part of the Bank`s hybrid work model, and they are expected on site at the Bank location a minimum of eight days per month to help build connections between colleagues. You must live in Canada, and within reasonable commuting distance of the office.

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit .

• Salaries are based on qualifications and experience and typically range from $69,300 to $81,530 (job grade 14)
• Depending on performance, you may be eligible for performance pay. The first tier of performance pay is for successfully meeting expectation, at 5 to 7% of your base salary. The Bank offers performance pay for those who exceed expectations (10% of your base salary).. Exceptional performers who far exceed expectations may be eligible for higher performance pay.
• Flexible and comprehensive benefits so you can choose the level of health and dental coverage that meets your needs
• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Option to join the indexed, defined-benefit pension plan after 24 consecutive months of service #LI-POS

We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.T

Expected salary

$69300 – 81530 per year

Location

Ottawa, ON

Job date

Sat, 20 Jan 2024 08:29:06 GMT

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