Finance and Strategic Initiatives Support Manager - Toronto, Canada - HomeEquity Bank

HomeEquity Bank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

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Description

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

The role works with the Director, Finance and Strategic Initiatives Support and the VP, Financial Planning & Analysis (FP&A) to partner with the business and provide dedicated expertise in financial analysis, insights, and viability assessments on new and ongoing strategic initiatives along with driving efficiencies across the FP&A department.

This role is critical in ensuring HomeEquity Bank continues to maintain its competitive advantage by investing wisely in areas that create both top and bottom line growth.

MAJOR ELEMENTS OF THE ROLE

Partner and collaborate with different business lines (e.g. Transformation, Strategy, PMO) to define, develop, and assess how to help the business optimize financial outcomes
Create and maintain performance metrics, dashboards, and reporting mechanisms to facilitate datadriven decisions
Establish and maintain effective working relationships with internal and external stakeholders
Support month end financial analysis process (e.g. actuals to budgets, variance reporting) and assist with revising forecasts as applicable
Help monitor industry trends and competitive landscape to inform short and longterm financial forecasts
Enterprise Decision Support and Analysis
Help establish bankwide framework for value assessment, assessing initiatives for profitability and helping prioritize initiatives at an enterprise level
Support internal partners by reviewing business cases undertaken across the bank for performance improvement
Help provide recommendations to optimize financial performance, enhance profitability, and maximize ROI for all major strategic initiatives at the bank
Represent FP&A on strategic project teams across the bank
Strategic Finance Initiatives
Analyze company performance and develop strategies to optimize financial performance (e.g. productivity and efficiency strategies)
Identify process improvements to increase FP&A efficiency, improving forecasting accuracy
Lead the development and maintenance of financial models as required
Financial Result Communication
Help prepare quarterly and annual presentations to the Board and various committees (e.g. Audit) in regard to financial performance
Develop new financial reports and dashboards to help inform and improve decision making
Financial Planning and Analysis (FP&A)
Support the month end process including financial statement analysis and associated reporting of actuals and budgets along with variance explanations
Periodic (quarterly, monthly) preparation and presentation of drivers and metrics with analysis and insights on achievement of financial objectives
Assist in preparation of the annual budget working closely with various departments, implementing a zerobased budget framework

Qualifications and Technical Expertise:

Bachelors degree in Business Administration, Accounting, Finance, or a related field
Professional Accounting Designation (CPA)
Proficiency in using data analysis tools and software such as Excel (proficient in PowerBI), SQL, Tableau, etc.
Experience with zerobased budgeting is an asset
35+ years with progressive experience in Financial Planning & Analysis, and/or strategy within the Financial Services industry (mortgage / lending experience is a plus)
Strong quantitative skills, with proficiency in modeling assessing strategic initiatives (e.g. business cases) from a quantitative and qualitative perspective
Strong PowerPoint skills, able to storyboard and create presentations for senior audiences

Attributes:

Strong analytical and problemsolving skills, with the ability to evaluate historical data and trends and translate into actionable insight
Excellent communication and presentation skills, with the ability to influence and collaborate with stakeholders across all levels including Executive Management
Knowledge of industry trends and best practices in strategic and financial planning (e.g. Zerobased budgeting)
Able to anticipate internal and/or external business challenges and help contribute to potential solutions
Experience in influencing business partners in crossfunctional interactions

WHY WORK AT HOMEEQUITY BANK?
Great Environment
HomeEquity Bank offers a hybrid working enviro