Senior Financial Analyst - Corporate Development
Location : Hybrid - Ontario
Empire life is looking to hire a Financial Analyst to join our Corporate Development Finance team!
The Financial Analyst is part of the Corporate Development team and will be responsible for supporting activities relating to commercial and consumer loans and block acquisitions.
The incumbent works under the moderate supervision of the Vice-President, Finance - Corporate Development.
Why pursue this opportunity
Join a transforming business - we are a medium-sized Canadian company in a stable industry which is rapidly transforming.
The role - this is a new position and your chance to join a growing team, while being provided the opportunity to make an impact.
Play an integral role - this is an opportunity that allows for you to grow your skills, while directly contributing to the business unit you are a part of.
What you’ll be working on
Loan related responsibilities, including :
Make a full assessment of loan opportunities and, as appropriate, provide a recommendation based on the underwriting results.
Actively manage pipeline in conjunction with relationship manager
Support collection of data required to underwrite advisor loans
Compile and analyse data to underwrite loans
Prepare detailed financial models and covenant reviews, including scenario analysis
Provide sound risk assessments and recommendations
Escalate and discuss questionable and new situations with a solution focused approach
Make recommendations regarding security and collateral to underwrite the loan
Prepare memos and term sheets for approval ensuring pre-review (and walk-through as required) with appropriate senior management
Liaise with various internal departments as required throughout the process including Corporate Treasury, Legal, Retail, Investments etc.
Loan Management responsibilities, including :
Provide feedback on underwriting policy and practice
Annual re-evaluation and analysis of borrower’s financials to ensure covenants continue to be met
Collaborate with and support Finance and / or Senior management through loan default process
Coordinate and prepare financial transactions for payments delivered and received
Document and maintain processes and procedures
System workflow management
Prepare regular reporting of key performance drivers and metrics
Monthly review of Credit, Debt and Requirement to Pay reports
Manage system generated approvals
Coordinate discharge of loans
Work with other team members to continuously improve and automate team processes and templates
Participate in projects and initiatives as assigned
Provide back-up to the team and support other business units as required
Support analysis of competitive environment, sales targets, revenue targets and budget
Develop and prepare management reports showing trends, key performance drivers, return on investment calculations and other metrics
Document internal controls, identify & close gaps
Run scenario analysis to assist the program leads with and to develop long-term plans
Annual budget preparation and forecasts
What we’re looking for you to have
Completion of a Bachelor’s degree with courses in business, accounting or finance
5+ years’ work experience developing, executing and improving financial reporting and analysis in a
corporate environment
Insurance or Financial Services experience is valuable
Bilingualism (French & English) would be an asset
Ability to work independently; prioritizing and balancing multiple tasks
Excellent analytical, logical, decision-making and problem solving skills
Well-developed organizational, mathematical and interpersonal skills
Ability to be decisive and show consistently good judgement
Excellent communication skills (verbal and written) with the ability to collaborate and build relationships.
Strong working knowledge of spreadsheet and database software
Ability to synthesize and communicate financial results to senior audience
Ability to manage time to meet tight deadlines
Ability to conduct research and analysis
If you are applying for a position which is open to applicants across Canada, unless otherwise indicated in the position, language proficiency in English is required for communicating with customers, advisors, or employees across Canada.
Beyond the salary
For regular full-time positions, Empire Life offers a comprehensive total rewards package that includes :
Competitive salaries with annual pay increases
Annual bonus program, which recognizes both strong company performance and individual contributions, for non sales positions
Competitive uncapped commission, for sales positions
A comprehensive employer-funded benefits package that includes life insurance, disability, health and dental and a generous health account
Flexible work arrangements and an annual allotment of personal health days.
Four weeks annual vacation from hire date
A defined contribution pension plan with generous employer matching
Top up programs for parental leave and compassionate leave
Employer-sponsored wellness and recognition programs
A cash employee referral program
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