Director, Financial Planning & Analysis - Technology Job

Job Overview

Toronto, Ontario
Job Type
Full Time
Salary / Compensation
Details Not Provided
Date Posted
1 month ago

Additional Details

Extensive Exp. Required (9+ Years)

Job Description

As a Director, FP&A - Technology you will be a key member of the FP&A team who is the day-to-day business partner to the Technology & Operations (Tech & Ops) team at Interac, supporting & coordinating forecasting, budgeting, financial analysis & decision making.

What you will do…

FP&A business partner to the Technology & Operations team, supporting all financial activities & acting as the main Finance point of contact to the Chief Technology Officer (CTO) Coordination of all finance processes for the Tech & Ops team, including forecasting, actual analysis, budgeting, strategic planning & decision making Support the FP&A transformation to improve financial support to the business, through process efficiency, transparency & visibility to data & analysis. Preparation of executive review materials to support the CTO in all leadership & Board meetings

Team Management:

  • Support delivery of financial reporting, analysis, and new products billing requirements
  • Mentor, coach team members

Financial Management:

  • Manage the financials associated with large technical, complex, multiyear projects
  • Knowledge of project management of large IT multiyear projects
  • Lead and coordinate the preparation of monthly financials, analysis, as well as, rolling forecasts. Responsible for review of the content in the monthly financial package
  • Manage the financials of new product lines including support in setting up billing, revenue reporting, and analysis
  • Work collaboratively with business owners including executive team members to provide subject matter expertise and financial advice on complex projects to assists planning and decision making.
  • Deliver monthly reviews to VP FP&A regarding risks, opportunities, and gap resolution
  • Work with the accounting team to ensure accuracy of financials and to streamline month end processes
  • Investigate opportunities for productivity improvements and work with business owner to initiate and influence change
  • Make recommendations for internal financials presentation including products/programs P&L’s.
  • Support the delivery of the financial goals of the Tech & Ops team, taking personal responsibility for achieving budget

Forecast and Budget:

  • Lead and execute the annual budget & forecast process for the Tech & Ops team.   
  • Support Interac Corp. budget and forecast processes, with focus on the product group
  • Work with stakeholders to ensure required communication, templates and due dates are delivered
  • Review information and meet with departments to understand key business drivers (qualitative and quantitative), assumptions, opportunities and risks
  • Perform due diligence on all inputs and recommend areas of adjustments
  • Analyze and deliver financials to VP FP&A and stakeholders to support executive, Audit Committee and Board reports
  • Ensure all contractual commitments are accounted for in the annual plan and forecast
  • Ensure approved budgets and forecasts are communicated to business owners and loaded into the financial system in a timely manner

Business Decision Support: 

  • Develop necessary analytics and business case justification for approval
  • Facilitate and develop financial modeling for strategic initiatives, new products, pricing changes
  • Work closely with business owner to understand qualitative and quantitative business drivers
  • Review models and challenge assumptions for validity
  • Make recommendations to enhance the business case
  • Prepare necessary presentation materials for senior management review and approval
  • Assist in the preparation of presentation materials for the board of directors
  • Support business owners with vendor discussions/negotiations, where requested
  • Review contract terms and provide all necessary edits from a financial perspective
  • Build and manage a detailed framework for connecting and tracking various elements of a large projects including contractual agreements, SOWs, actual vs. planned spend, committed/pipeline spend, rolling forecast and cash flow

Business Process Improvement:

  • Evaluate efficiency of processes, and make recommendations for improvement
  • Lead and/or assist in the implementation of new processes or process improvements
  • Recommend and implement continuous improvement to the budgetary/planning processes to meet the needs of the evolving company

Additional Accountabilities:

  • Participate in negotiations with vendors and contract reviews when required
  • Participate in special projects and ad hoc assignments as required

You Have…

  • CPA designation or equivalent education required
  • Minimum 10-12 years relevant experience in business case evaluation, budgeting, forecasting and monthly financial statement analysis
  • Proven experience running and supporting large-scale IT projects.
  • Advanced Excel Modeling Skills
  • CPA designation or equivalent education required
  • Strong understanding of Canadian GAAP
  • Advanced Excel financial modelling skills
  • Proven management skills and staff coaching, mentorship and development
  • Strong time management skills, multi-tasking, critical thinking and presentation skills
  • Strong communication skills both written and verbal
  • Ability to communicate with senior management, including executives, at their level

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