Posted:
8/16/2024, 5:00:00 PM
Location(s):
Ontario, Canada ⋅ Toronto, Ontario, Canada
Experience Level(s):
Internship
Field(s):
Finance & Banking
The deadline to apply for this role is:
Until 11:59 PM of September 29, 2024The opportunity
January 2025 - August 2025
This role is to carry out tasks to support the forecasting & budgeting, management reporting, analysis, administration, and planning, performed within the Enterprise Planning and Financial Planning & Analysis department.
Who you’ll work with
You will work with a diverse team of financial professionals from multifaceted backgrounds including CPA, CFA, MBA, etc, and you will report directly to the Manager, Management Reporting & Planning.
What you’ll do
Data reconciliation
Responsible for expense data reconciliation between different systems and identify issues and discrepancies.
Liaise with internal finance stakeholders to resolve any material discrepancies and propose reclasses/corrections if needed.
Analyze current processes, spot challenges, and identify areas of improvement to assist in forming long-term strategies around Investment Related Expense (IRE) to achieve optimal efficiency.
Financial planning and analysis
Assist in preparing base quarterly forecast and 3-year plan for assigned divisions, support cost centre and department business partner assumption modelling and integration of top-down budgeting guidance with bottom-up cost centre rollup
Work with Manager, Sr. Manager, and functional partners to assess expenditure drivers and savings levers for both fixed, variable, discretionary and strategic initiative spend.
Contribute to maturing the overall enterprise forecasting and budgeting process, including supporting change management within the team and functional and operating divisions, bringing in best practices for the forecasting and budgeting processes and effectively managing timelines and expectations.
Analysis
Conduct comprehensive analysis of expenses, and generate reports and presentations for stakeholders, highlighting key expense metrics, trends, and areas of improvement.
Analyze the financial performance of business partners on a monthly basis, identifying key drivers of variances and financial implications of business activity changes and their impact on the forecast and annual budget.
Support discussions and presentation of monthly/quarterly department and/or divisional financial results reviews with cost centre, department and division leaders (where applicable).
Assist in preparing management reporting
Assist in preparing recurring and ad-hoc reports and presentations, ensuring accuracy and relevance of the material.
Support the preparation of internal stakeholder presentations, materials, and communications related to results, forecasts/budgets, and ad-hoc analysis.
Present and communicate findings, metrics, trends, and observations to various levels across Finance and business partners
Other:
Continuously assess the effectiveness and efficiency of processes and provide recommendations for improvements.
Assist in developing and maintaining documentation of processes, procedures, and critical paths for deliverables.
Provide timely information and services to internal clients, ensuring their needs are met effectively.
Provide support to team members with various projects and during absences, ensuring continuity of operations and successful completion of work.
What you’ll need
Good knowledge of accounting principles and practices gained from your University program (i.e. in Accounting, Finance) or enrolment in first/ second level of professional accounting program and/or practical experience.
Excellent understanding and experience in using Microsoft Suite products (i.e., Excel, PowerPoint, Word)
Excellent communication skills, both written and verbal to interact with internal and external customers.
Excellent interpersonal skills and the ability to work effectively and co-operatively in a team environment.
Ability to work with minimal supervision and sustain high productivity levels.
Excellent analytical skills and use of independent judgment in identifying, researching and interpreting information, identifying solutions and making decisions and recommendations.
Effective planning and organizational skills to set priorities in order to meet deadlines.
You should be enrolled in a co-op program or returning back to your studies after the work term is completed
#LI-SS, #LI-Hybrid
What we’re offering
Numerous opportunities for professional growth and development, including lunch and learns
Student led team building events on a monthly basis
Employee discount programs including Edvantage and Perkopolis
At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.
How to apply
Are you ready to pursue new challenges and take your career to the next level? Apply today! The following documents are required to be uploaded with your application:
Resume
Copy of your transcripts
You will also be invited to complete a pre-recorded digital interview as part of your application.
We thank you for applying, however, only those selected for a personal interview will be contacted. Note that candidates must be legally entitled to work in the country where this role is located.
Accommodations are available upon request ([email protected]) for candidates with a disability taking part in the recruitment process and once hired.
The privacy of your personal information is important to us. Please visit our Privacy Centre to learn how we handle your personal information.
Functional Areas:
Administration
Requisition ID:
Website: https://otpp.com/
Headquarter Location: Toronto, Ontario, Canada
Year Founded: 2019
Industries: Business Development ⋅ Finance ⋅ Financial Services ⋅ Venture Capital