Senior Financial Analyst - Corporate Development

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