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
