Senior Finance Manager, Business and Consumer Markets

LifeLabs • Toronto, ON

27d

About The Position

For over 50 years, LifeLabs has been Canada’s leading provider of laboratory diagnostic information and digital health connectivity systems, enabling patients and healthcare practitioners to diagnose, treat, monitor and prevent disease. We are passionate about empowering healthier Canadians through accessible, accurate, and innovative diagnostic services.

We are committed innovators, operating Canada's first commercial genetics lab, and the country's largest online patient portal, with more than 8 million Canadians receiving their results online. More than 112 million laboratory tests come through LifeLabs’ laboratories annually, and our team of more than 6,000 passionate, caring, and diverse professionals works together as one to provide high quality testing and results that Canadians can trust.

We know that behind every lab requisition, sample being tested, or investment in technology is an individual and their family counting on us. At LifeLabs, you can make a meaningful impact on Canadians’ lives every day.

Our teams are at the heart of everything we do. We are proud to be recognized as one of Canada’s Best Employers, reflecting our deep commitment to our core values of caring, agility, teamwork, and a customer-centered approach. As part of this commitment, LifeLabs prioritizes the ongoing development of our diversity, equity, and inclusion (DEI) program to better serve the needs of our diverse workforce and the communities we serve. We continue to take steps to challenge ourselves to act with courage and integrity, and to create an environment where people can be their true selves.

These values are not just words on a page, they guide our actions and decisions every day and have come to define our team culture.
Position Summary

The Senior Finance Manager of Business and Consumer Markets provides strategic business partnership support to B2G non-capped, B2B and B2C business within LifeLabs Core and new businesses. This includes Government non-capped, Hospital Contracts, Private Pay, Genetics, RMA, Mobile services, and all market expansion opportunities of the General and Advanced Diagnostics business unit. Using analytics and financial modelling to influence and advise, this position provides the business with the data and intelligence to identify opportunities to maximize both the top-line growth and bottom-line margins for existing and new sources of funding / revenue supporting contract renewals and new direct to consumer initiatives.
This position will help to support LifeLabs General and Advanced Diagnostics teams by providing recommendations to drive improved business performance and optimal pricing for the RFP contracting processes. This position is responsible for ensuring completion of monthly business unit performance reviews, annual budget and forecast process updates, the 5-year plan and any financial modelling / business cases required to support current and future impacts of opportunities for the delegated business segments.

Requirements

• 10+ years experience (retail, healthcare, or related industry)
• Degree in Finance or Accounting
• Solid FP&A & Month-end close experience
• Strong financial modelling, pricing, and business case experience
• ERP systems and Power BI experience
• Strong analytical, communication, and stakeholder management skills

Nice To Haves

• CPA/MBA preferred
• Leadership experience

Responsibilities

• Lead and develop team performance
• Oversee monthly performance reviews, variance analysis, dashboards, and executive reporting
• Lead budgeting, forecasting, and 5-year planning processes
• Provide strategic financial insights for pricing, RFPs, new business, and investments
• Support new business rollout and financial process design
• Drive process improvements and automation
• Support ad hoc executive projects
• Working in conjunction with General Diagnostics, Advanced Diagnostics and consumer portfolio to establish a working partnership and framework to analyze and communicate results of the delegated business units on a monthly basis.
• Responsible for oversight of the month-end framework including traditional variance analysis, performance monitoring, visual dashboards to measure in-process metrics as well as progress / tracking on the achievement and course corrections of any segment initiatives.
• Responsible to proactively work with business partners to identify business risks & opportunities and develop risk mitigation recommendations.
• Lead all financial results communications to senior management.
• Lead the processes specific to General Diagnostics, Advanced Diagnostics and consumer portfolio to develop the annual budget, corresponding “year to go” forecast updates and the annual 5-year financial plan for Life Labs.
• Support business with the development of long term business strategies through understanding of external and internal environment, build out of assumptions based on internal and market data.
• Ensure accuracy and validity of financial and business assumptions.
• Ensure alignment of plans across all stakeholder groups, meaning Commercial and Operations.
• Lead forecast reviews with BCM Leadership team, VP Commercial Finance and CFO.
• Provide financial recommendations, strategic council and information through leverage of analytical frameworks and tools to assist the General Diagnostics, Advanced Diagnostics and Consumer business unit in making data-driven decisions, including pricing activities, new business ventures, new product lines, margin analysis, low volume/margin test rationalization, product divestitures, capital investments, RFP activities for customers, contract negotiations and more broadly any other innovations, strategic initiatives and ad hoc analysis as required to enable business decisions.
• Support rollout of new businesses including help defining new operations and financial processes as needed.
• Leverage tools to enable business case development and documentation, inclusive of both capital requirements and investment returns / payback.

Benefits

• LifeLabs’ compensation programs are commensurate based on the role, skill, effort, responsibility and working conditions, irrespective of gender, race, ethnicity, beliefs, age or any other personal characteristics. Pay programs are communicated regularly in an accessible and transparent manner.
• LifeLabs is also proud to offer resources, opportunities, as well as a collaborative and supportive environment that enables our team members to thrive.
• In addition to a competitive compensation package, LifeLabs provides a comprehensive total rewards program, specific to the job position. Your package may include:
• Employee Group Benefits: Competitive coverage for employees and their families to support their overall health and wellness needs, including Extended Health Care, Dental Care, and Life Insurance.
• Retirement Savings Plan
• Vacation and Wellness Days
• Employee Wellness and Giving Programs: Our award winning mental, physical and financial wellness programs aim to address the comprehensive well-being of our team members, including resources like the Employee & Family Assistance Program, financial planning tools, and employee recognition initiatives.
• Professional development and membership reimbursement, access to preferred rates and discount programs, including WorkPerks, Home and Auto Insurance, Costco Membership, etc., and optional health-related benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level