Leader, Product FP&A

At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada.

We are seeking an experienced strategic Leader for Financial Planning and Analysis. This is a 14-month contract position. The ideal candidate will be the day-to-day lead for planning & analysis for Interac Corp. subsidiaries and will also provide support for financial reporting, planning and analysis for some of Interac Corp. departments. This leadership position requires a deep understanding of FP&A processes, including but not limited to month end variance analysis, rolling forecast annual budget, and strategic planning. As a member of the FP&A team, you’ll work under the guidance of the Head, Financial Planning & Analysis & Deputy CFO in the execution of the Financial Planning & Analysis framework at Interac Corp.

You're great at…

Team Management:

• Mentor, coach team members
• Support delivery of financial reporting, analysis, and new products billing requirements

Financial Management:

• Lead and coordinate the preparation of monthly financials, analysis, as well as, rolling forecasts. Responsible for review of the content in the monthly financial package
• Manage the financials of new product lines including support in setting up billing, revenue reporting, and analysis
• Manage the financials associated with large technical, complex, multiyear projects
• Work collaboratively with business owners including executive team members to provide subject matter expertise and financial advice on complex projects to assists planning and decision making
• Deliver monthly reviews to VP FP&A regarding risks, opportunities, and gap resolution
• Work with the accounting team to ensure accuracy of financials and to streamline month end processes
• Recommend chart of account structure changes to enhance financial analytics and reporting
• Investigate opportunities for cost reduction and work with business owner to initiate and influence change
• Make recommendations for internal financials presentation including products/programs P&L’s

Forecast and Budget:

• Lead and execute the annual budget & forecast process for subsidiaries
• Support Interac Corp. budget and forecast processes, with focus on the product group
• Work with stakeholders to ensure required communication, templates and due dates are delivered
• Review information and meet with departments to understand key business drivers (qualitative and quantitative), assumptions, opportunities and risks
• Perform due diligence on all inputs and recommend areas of adjustments
• Analyze and deliver financials to VP FP&A and stakeholders to support executive, Audit Committee and Board reports
• Ensure all contractual commitments are accounted for in the annual plan and forecast
• Ensure approved budgets and forecasts are communicated to business owners and loaded into the financial system in a timely manner

Business Decision Support:

• Develop necessary analytics and business case justification for approval
• Facilitate and develop financial modeling for strategic initiatives, new products, pricing changes
• Work closely with business owner to understand qualitative and quantitative business drivers
• Review models and challenge assumptions for validity
• Make recommendations to enhance the business case
• Prepare necessary presentation materials for senior management review and approval
• Assist in the preparation of presentation materials for the board of directors
• Support business owners with vendor discussions/negotiations, where requested
• Review contract terms and provide all necessary edits from a financial perspective
• Build and manage a detailed framework for connecting and tracking various elements of a large project including contractual agreements, SOWs, actual vs. planned spend, committed/pipeline spend, rolling forecast and cash flow

Business Process Improvement:

• Evaluate the efficiency of processes, and make recommendations for improvement
• Lead and/or assist in the implementation of new processes or process improvements
• Recommend and implement continuous improvement to the budgetary/planning processes to meet the needs of the evolving company

Additional Accountabilities:

• Participate in negotiations with vendors and contract reviews when required
• Participate in special projects and ad hoc assignments as required

You Have…

• CPA designation or equivalent education required
• Minimum 10-12 years relevant experience in business case evaluation, budgeting, forecasting and monthly financial statement analysis - Advanced Excel Modeling Skills
• Strong understanding of Canadian GAAP
• Proven management skills and staff coaching, mentorship, and development
• Strong time management skills, multi-tasking, critical thinking and presentation skills
• Strong communication skills both written and verbal
• Ability to communicate with senior management, including executives, at their level
• Eligibility to work for Interac Corp. in Canada in a full-time capacity

Interac requires employees to complete a background check that is completed by one of our service providers. We use this service to complete the following checks:

• Canadian criminal record check;
• Public safety verification;
• Canadian ID cross-check;
• 5-year employment verification;
• Education verification; and
• If applicable, Credit Inquiry and Social Media Check

How we work
We know that exceptional people have great ideas and are passionate about their work. Our culture encourages excellence and actively rewards contributions with:

• Connection: You’re surrounded by talented people every day who are driven by their passion for a common goal.
• Core Values: They define us. Living them helps us be the best at what we do.
• Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.
• Education: To ensure you are the best at what you do we invest in you.

Please be aware of certain individuals fraudulently using Interac Corp.’s name and logo to offer fictitious employment opportunities. Interac Corp. will never ask, solicit, nor accept any monies in exchange for employment opportunities. Any such offers of employment are fraudulent and invalid, and you are strongly advised to exercise great caution and disregard such offers and invitations.