Join a Challenger
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall, we serve more than 607,000 people across Canada through Equitable Bank, Canada's Challenger Bank™ and EQB Inc.’s majority owned subsidiary ACM Advisors. We 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 6 million members. Together we have $119 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.
The Work
The Senior Financial Analyst will be responsible for the effective and efficient preparation of financial reporting both internally and externally, including the consolidated monthly management reporting packages, net interest margin reporting, the Company’s annual/quarterly Management’s Discussion and Analysis and supplemental information packages, Return on Equity calculations, and other ad hoc analysis. This role requires the individual to possess strong knowledge and experience in financial and management reporting and a proven ability to analysis data and develop new and innovative reporting solutions. The individual must have proficient interpersonal and communication skills as much of their work will require them to work extensively with other departments to gather information and insights as well as working closely with external partners such as the Company’s public relations consultant. Strong organizational and multi-tasking skills are a must as there are many competing priorities, often under aggressive timelines. The individual is expected to work with a high level of attention to detail and independence.
Core Parts Of The Role Would Be:
- External Financial Reporting:
- Develop preliminary drafts of the Company’s annual/quarterly Management’s Discussion and Analysis, Supplemental Information and Regulatory Disclosures, and Annual Information Form
- Prepare analysis of the Company’s financial position and performance in support of the Company’s quarterly and annual reporting
- Strive for investor relations and regulatory reporting excellence through disclosure benchmarking and the identification of best practices
- Support other activities related to the Company external reporting such as the preparation and vetting of investor conference calls scripts and earnings presentations, press releases, and other materials related to the Company’s Annual General Meeting
- Internal Management Reporting:
- Produce monthly internal management reporting packages and perform variance analysis against budget and forecasts
- Review and analyze key performance metrics such as Return on Shareholders’ Equity, Net Interest Margins, Efficiency Ratios, and Capital Ratios
- Support the implementation of new accounting standards and reporting requirements, focusing on effective planning for transitions, value added reporting, and process improvements
- Develop meaningful reporting and analysis with respect to the Bank’s liquidity, mortgage, and deposit portfolios with a focus on innovating the presentation of current financial information.
- Process Documentation and Improvement:
- Further evolve period end financial reporting processes with a goal of continuous improvement and process efficiency
- Critically evaluate current reporting with a view to identifying reporting gaps, increasing accountability, and driving reporting enhancements
- Maintain and expand procedural documentation related to all internal and external reporting processes
- Work with colleagues across the organization to standardize and automate ad hoc reporting
- Ad hoc Reporting and Analysis:
- Conduct various financial analysis as requested by senior management
- Provide ad hoc reporting and support to various business units
- Investigate and respond to ad hoc requests with a high degree of flexibility, attention to detail, and with the ability to prioritize workload effectively
Let's Talk About You!
- Accounting designation – CPA(CA/CMA/CGA) designated or student preferred
- Undergraduate degree in business/commerce/accounting
- Minimum 5 years of experience in financial reporting field. Previous auditing experience in a public accounting firm is an asset.
- Strong knowledge of IFRS accounting standards and financial reporting is required
- Proficient with Microsoft Office, with an emphasis on advanced Excel, Word, and PowerPoint skills
- Experience with accounting and reporting software such as PPlus, IBM Cognos, CDM, and Tableau is an asset
- Ability to identify and drive process improvements, maintaining a strict control environment
- Excellent verbal and written communication skills, with the ability to communicate clearly and concisely, taking into account the target audience
- Strong organizational skills with ability to prioritized multiple tasks and meet tight deadlines within a fast-paced environment
- Possesses strong analytical abilities and very detailed oriented
- Outstanding interpersonal skills with ability to build solid relationships with other members of Finance, Business Unit Heads and internal and external stakeholders
- Able to work independently but also a supportive team player and a self-starter with a strong sense of initiative and a willingness to learn new skills
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, personal days and even a moving day
🖥 Virtual events to connect with your 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
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you!
