Location: Toronto, WFH for now
Duration: 05/20/2021- 01/28/2022
Business group: This group looks after financials for all projects. They are involved with the creation of the business cases and continue to manage the financial tracking, cost classification, time expenses and tying costs back to the original business case throughout the project lifecycle.
Project: Financial Administration project where the bank has expanded the project scope of centralizing functions.
Candidate Value Proposition:
– Team is expanding rapidly (potential for future job opportunities)
– Exposure to many different stakeholders and departments in this role (sometimes even working with CFO level sometimes)
Typical Day in the role:
– 70% maintenance, 30% standard reporting and maintaining relationships and communicating the project financial piece
– Downloading multiple reports from various platforms and combining them into Excel (supporting the centralization)
– Point of contact for financial questions/ needs (provide any required details and reporting figures to stakeholders ie. how much do we expect to see coming in in forecast)
– Invoice processing and maintenance
– Timesheet monitoring using Clarity, Fieldglass and JIRA/Confluence, how many timesheets will they be monitoring (managing 50-60 resources)
– Maintaining vendor relationships (approx. 30-40 vendors overall)
– Forecast, accruals updates and management between stakeholders
– Contract management and record keeping
– Cost tracking and financial reporting metrics
– Other administrative tasks as required
Must have hard skills:
1. Advanced Excel (index match, vlookup, complex formulas, experience centralizing information into Excel)
2. 1-2 years of experience working with large volumes of data within Excel
3. 1-2 years’ experience with accruals and forecasting
4. Basic accounting/ finance knowledge (specifically – Actuals vs. Accruals vs. Forecast, Capital vs. Operating expense, how financial projects work, development vs. research phases etc…)
5. Understanding of the nature of project financials and related challenges
Nice to have hard skills:
1. Knowledge of project management and timesheet management tools such as Clarity, Fieldglass and JIRA/Confluence
2. Capital market knowledge (as the team is dealing with regulatory projects)- knowing general framework of how it works, why are regulations created in the first place (knowing related terminology will help them communicate with PMs and other stakeholders)
3. Experience managing project financials
Soft Skills:
– Superior attention to detail
– Self-starter and willing to learn
– Strong ethics (dealing with sensitive information)
– Ability to work well on a team
– Analytical mindset and ability to articulate complex issues
– 5/5 communication skills
Education: Bachelor's degree (any), open to strong recent grads if they have relevant co-op experience (reporting and financial management)