Finance and Strategic Initiatives Support Manager

WHO WE ARE                                            

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.  
  

Our Values, Our Passion

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.  

Customer-Focused. Passionate Advocates 

Courage to Act. Do the Right Thing 

One Team. One Vision 

Think Long-Term. Ever-Evolving 

Be Exceptional. Inspire Greatness

POSITION SUMMARY

The role works with the Director, Finance and Strategic Initiatives Support and the VP, Financial Planning & Analysis (FP&A) to partner with the business and provide dedicated expertise in financial analysis, insights, and viability assessments on new and ongoing strategic initiatives along with driving efficiencies across the FP&A department.

This role is critical in ensuring HomeEquity Bank continues to maintain its competitive advantage by investing wisely in areas that create both top and bottom line growth.

MAJOR ELEMENTS OF THE ROLE

• Partner and collaborate with different business lines (e.g. Transformation, Strategy, PMO) to define, develop, and assess how to help the business optimize financial outcomes
• Create and maintain performance metrics, dashboards, and reporting mechanisms to facilitate data-driven decisions
• Establish and maintain effective working relationships with internal and external stakeholders
• Support month end financial analysis process (e.g. actuals to budgets, variance reporting) and assist with revising forecasts as applicable
• Help monitor industry trends and competitive landscape to inform short and long-term financial forecasts

1. Enterprise Decision Support and Analysis

• Help establish bank-wide framework for value assessment, assessing initiatives for profitability and helping prioritize initiatives at an enterprise level
• Support internal partners by reviewing business cases undertaken across the bank for performance improvement
• Help provide recommendations to optimize financial performance, enhance profitability, and maximize ROI for all major strategic initiatives at the bank
• Represent FP&A on strategic project teams across the bank

2. Strategic Finance Initiatives

• Analyze company performance and develop strategies to optimize financial performance (e.g. productivity and efficiency strategies)
• Identify process improvements to increase FP&A efficiency, improving forecasting accuracy
• Lead the development and maintenance of financial models as required

3. Financial Result Communication

• Help prepare quarterly and annual presentations to the Board and various committees (e.g. Audit) in regard to financial performance
• Develop new financial reports and dashboards to help inform and improve decision making

4. Financial Planning and Analysis (FP&A)

• Support the month end process including financial statement analysis and associated reporting of actuals and budgets along with variance explanations
• Periodic (quarterly, monthly) preparation and presentation of drivers and metrics with analysis and insights on achievement of financial objectives
• Assist in preparation of the annual budget working closely with various departments, implementing a zero-based budget framework

Qualifications and Technical Expertise:

• Bachelors degree in Business Administration, Accounting, Finance, or a related field
• Professional Accounting Designation (CPA)
• Proficiency in using data analysis tools and software such as Excel (proficient in PowerBI), SQL, Tableau, etc.
• Experience with zero-based budgeting is an asset
• 3-5+ years with progressive experience in Financial Planning & Analysis, and/or strategy within the Financial Services industry (mortgage / lending experience is a plus)
• Strong quantitative skills, with proficiency in modeling – assessing strategic initiatives (e.g. business cases) from a quantitative and qualitative perspective
• Strong PowerPoint skills, able to storyboard and create presentations for senior audiences

Attributes:

• Strong analytical and problem-solving skills, with the ability to evaluate historical data and trends and translate into actionable insight
• Excellent communication and presentation skills, with the ability to influence and collaborate with stakeholders across all levels including Executive Management
• Knowledge of industry trends and best practices in strategic and financial planning (e.g. Zero-based budgeting)
• Able to anticipate internal and/or external business challenges and help contribute to potential solutions
• Experience in influencing business partners in cross-functional interactions

WHY WORK AT HOMEEQUITY BANK?

Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.
 

A Dynamic Culture – With People at the Centre  

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023. 
 

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.  
 

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks

HomeEquity Bank offers a competitive total rewards package that includes:

• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness 

Stay in the Know

Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:

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