Staples Canada is on a journey to become The Working and Learning Company. We are dynamic, inspiring partners to our customers and the communities in which we live. At Staples, we inspire people to work smarter, learn more and grow every day. We look for people who are curious, approachable and passionate, and who enjoy finding solutions. If that’s you, let’s work, learn and grow together.
The Senior Financial Analyst is responsible for providing insightful analysis and recommendations to influence initiatives in the business, providing financial analytical support for the evaluation of to be renovated and/or relocated stores. Will play a supporting role in the budgeting forecasting and multi-year planning process and administration of project stores. This individual will be responsible for financial metric assessments across key financials (P&L, Balance Sheet and Cash Flow) and will provide ongoing leadership and financial support to an assigned portfolio of programs from a forecasting and financial planning perspective as well as identify trends and opportunities to drive performance across business units. This individual will also provide thought leadership in the development of financial systems and reporting tools, adopting and changing them as business and the industry changes and grows.
PRIMARY DUTIES AND RESPONSIBILITIES
Prepare proforma models analyzing renovation, relocation, expansion and other real estate market opportunities including scenario and sensitivity analysis.
Retrieve sales, margin and cost data for existing store base and extrapolate appropriate information developing metrics/key performance indicators to be applied to the financial modelling of store projects
Work with business partners to identify performance drivers, risks and opportunities, and communicate recommendations to drive decision-making through analytics
Prepare analysis, post-opening, of store projects, comparing actual results to proforma and budget
Assist in the budgeting and monthly monitoring of project stores
Assist in preparing monthly financial package (scorecard, P&L) for transformation stores
Support renovation initiatives and provides adhoc analysis
Build financial models and perform quantitative analysis to evaluate past performance and current trends, with the objective of influencing decision-making
Perform financial modelling, simulations, sensitivity analysis, and testing
Provide analytical support to financial forecasts and operating plans
Provide financial support during capital acquisition request (CAR) process (renovations capital budget), work with the business to create the business case for senior leadership approval
Compare anticipated and actual results and identify areas of improvement
Collaborate with other analytical departments across the organization to bring new tools, data, and approaches to drive increasingly insightful recommendations across the company
Clearly communicate findings to senior management, summarizing complex models in a way that can be easily understood by non-technical stakeholders
Create and communicate reporting, presentations, dashboards and business commentary for senior leadership
Engage in an ongoing pursuit to improve accuracy of financial forecasts across the different business units
Provide quantitative support and analytical leadership to finance team
Partner with cross-functional teams on ad hoc projects in support of strategic objectives
Execute ad hoc analysis requests as required
PHYSICAL DEMANDS / WORKING CONDITIONS
Knowledge / Skill Requirements:
Critical thinking, can see the ‘big picture’ in a complex business environment
Excellent analytical skills, with attention to explaining key variances
Deferred revenue / warranty plan financial analysis
High proficiency using Microsoft Office programs, primarily Excel, Word and PowerPoint mandatory and experience in building Excel Macros is preferred
Experience in modeling business cases and building management reports
Strong strategic thinking skills
Strong communication skills and the ability to clearly present complex information to non-technical business partners, including senior management
Ability to interpret large amounts of financial and non-financial data and summarize it to present meaningful information to various levels of management
Time management and self-management skills
3 to 5 years experience as a Senior Financial Analyst, Financial Analyst or similar role, including budgeting and planning experience
Experience in retail, particularly multiple-location/national and multi-channel retail is an asset
Bachelor’s degree in Business Administration, Statistics, Business Data Analytics, Finance or related field
MBA is considered an asset
Staples is an equal opportunity employer committed to diversity and inclusion and we encourage applications from all qualified candidates, including those with disabilities. We will accommodate applicants’ needs, upon request, throughout all stages of the recruitment process. Please inform us of the accommodation(s) that you may require. Information received relating to accommodation will be addressed confidentially.
Location(s): CA-ON-Richmond Hill
Staples Canada is committed to the principle of equity in employment. We welcome diversity and encourage applications from all qualified women and men, including persons with disabilities, members of visible minorities & Aboriginal People.