Senior Financial Analyst

Select Food Products Limited•Toronto, ON

47d

About The Position

Reporting to the Senior Director, Finance, the Senior Financial Analyst plays a pivotal role in delivering accurate contribution margin reporting and accounting across the whole business. This position requires a proactive, accountable professional with a strong sense of ownership and exceptional analytical and financial expertise.

Requirements

University degree in Accounting (preferred) or Business Administration
5+ years of professional work experience in financial planning, financial budgeting, financial forecasting, support commercial, sales, operations or in a similar role is required
Experience in a manufacturing environment, food industry is preferred
Strong and effective communication skills
Adaptability and excellent time management skills
Ability to work autonomously and with little direction in a high volume, fast paced environment
Experience with an ERP, preferably SAGE
Proficient on Excel and PowerPoint
Strong financial modelling skills and ability to translate a business problem into a model in multiple ways; contribute to the innovation of current financial models
Navigates complexity and simplifies processes
Collaborative approach to problem-solving

Nice To Haves

Professional certification (CPA/CMA/Qualified Accounting certificate) a plus

Responsibilities

Prepare, analyze and report monthly gross margin analysis by product, customer, channel and production line
Conduct advanced variance analysis and report on end-to-end margins, driving improvements through operational actions, uncovering patterns, assessing deviations from targets (budget, forecast, and prior year), and provide root cause diagnostics to drive informed decision-making
Analyze portfolio mix, pricing, and trade investments to enhance margin performance
Proactively identify and communicate possible scenarios, risks and opportunities around business performance
Report product volume, pricing and foreign exchange mix variance analysis for Revenue and Cost of Materials
Develop and implement processes that support the dynamic modeling of revenue that drive accountability into the business and provide a reliable base for budgeting and cash forecasting
Drive timely and accurate reporting of Revenue and Contribution Margin to the organization at product, customer and production line level
Collaborate and prepare analyses of business trends and budget variance of financial results to be used in management reviews and strategic business analysis sessions
Support the Finance monthly and quarterly reporting package, providing key insights into financial performance and enhance transparency, setting up efficient systems and tools
Contribute to the planning and forecasting process, offering data-driven analysis and recommendations
Lead the development of scenario analyses and financial models to assess potential outcomes and support long-term planning
Provide rolling forecasts and scenario planning to adapt to changing business conditions
Partner with cross-functional teams to analyze product performance and profitability metrics
Act as a strategic partner to the Sales, R&D and Operations teams, providing financial guidance, insights and support strategic initiatives as well as other functions as needed
Support various finance and operations initiatives, partnering with teams on high-priority strategic projects to model and assess economics and analyze risks and opportunities
Provide financial expertise to other functional areas of the organization by understanding the ins and outs of their business
Support pricing strategies and business case development for new product launches, which includes liaising with sales, purchasing, production planning and R&D
Provide insightful financial analysis and recommendations for improvements in profitability, pricing, and any other direct costs specific to a customer or product group
Lead all financial analysis and presentation of financial projections in the S&OP monthly process, responsible for data validation and data accuracy of data inputs and outputs
Review costing methodology and processes to ensure consistency and accuracy
Update material, labour and overhead standard costs and impact of changes in unit costs in inventory and COGs
Review all new materials/products code setups, bills of materials and routings for accuracy to upload into ERP and troubleshoot and follow up resolution of issues or errors
Provide analytical support for ad-hoc requests on proposed changes to the material, process speeds, labour, scrap rates, etc.
Ensure timely completion and analysis of cost of goods sold, including labour, material, and production costs
Review and investigate work order variances and material variances (PPV)
Review monthly inventory adjustments and cycle count reports for large variances
Review Slow Moving and No Activity reports for potential write offs. Ensure un-saleable and discontinued items are disposed of, written off or reserved as appropriate
Work closely with Inventory Management and Control to assist in regular physical inventories to ensure accurate raw material and finished goods inventory counts and balance sheet integrity
Partner with the Sales team in preparing cost analysis for new and existing products
Identify opportunities to streamline existing processes using automation tools, advanced modeling, and modern analytical techniques
Improve financial visibility, control, and planning effectiveness through scalable processes, in collaboration with accounting and business teams.
Prepare ad hoc financial analysis and recommendations to management
Build and improve management reporting, financial modeling, and analysis that provides business insight for key decision making
Assist in all internal/external audits, as needed