Financial Analyst

Financial Analyst | Toronto

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

Monex Canada is a rapidly expanding premier financial services firm specializing in foreign exchange and international payment solutions. We are dedicated to empowering Canadian businesses by offering competitive exchange rates, strategic risk management, and personalized service.

Our team is committed to excellence, leveraging deep market insights and innovative technology to help our clients navigate the complexities of the global FX market.

Job Overview:

To support the Head of Revenue Operations, BI and Analytics in the preparation and analysis of MCI and Group budgets, forecasts, analysis and all related FP&A activities.

To analyze company performance, inform on future trends and assist in modeling future business activities.

To support the preparation of monthly management accounts, reports and analysis.

Key Responsibilities & Accountabilities:

Budget

• Support the Head of Revenue Operations, BI and Analytics with the preparation of budgets and forecasting.
• Work closely with the Head of Revenue Operations, BI and Analytics and CEO to develop the annual operating budget and models to be used to forecast revenue projections and operating expenditures.
• Coordinate the annual capital expenditures plan process and track actual and forecasted capital spend on current/future projects.
• Assist in the preparation of the annual budget for the overseas subsidiaries.
• Analyse and reconcile budget data, review and reconcile final budget output with original input data.
• Prepare all input data needed to generate site-based budget allotments and assist in calculation of levelling adjustments.
• Analyse financial reports and reporting on changes in budget variance.
• Maintain the integrity of budget documentation.

Financial Reporting

• Summarise reporting packages for submission to the Head Quarters as and when needed.
• Prepare and report on the Monthly Profit and Loss, Balance Sheet and Cashflow.
• Prepare the transfer pricing support files. · Assist with the preparation of management accounts.
• Prepare the Monthly management financial package including generating, accumulating and verifying (and reconciling, if necessary) the relevant reports.
• Problem solving as needed to either validate or reconcile financial reports from the operating system to financial statements.
• Respond to financial data/information requests from other managers/departments within the company or from the Head Quarters
• Assist in trending key performance metrics on a monthly basis and report to management
• Ad-hoc reporting as and when requested.

Business Intelligence

• Maintain files/records of data to assist company in gauging its effectiveness and complete business and operational analysis.
• Understand the data architecture and take ownership of creating and automating reports through Power BI
• Help unlock overlooked trends in operational and sales data and provide insights to help drive revenue efficiency

General

• Project work
• Other tasks as and when required to support the Head of Revenue Operations, BI and Analytics
• Maintain up to date knowledge of financial and Company procedures
• Seek guidance or support as and when needed

Business Knowledge / Technical Skills:

• Previous experience of working within a regulated investment firm is desirable
• Some demonstrable working within a similar role within a commercial environment
• Strong accounting, finance and book-keeping background
• Understanding of key accounting concepts and reporting requirements within
• Canada and across Monex regions.
• Good demonstrable knowledge of Canada financial Regulations etc
• Some awareness of financial regulations, compliance and risk management within assigned country/region
• Some knowledge of the regulatory environment in which an FX firm operates
• Able to demonstrate a clear understanding of the purpose of risk management and compliance within a regulated environment
• Knowledge of treasury is an advantage
• Ability to analyze complicated data
• Problem-solving capability
• Ability to collate information
• Some prior experience in budgeting and forecasting is a plus

Personal Attributes

• Integrity; demonstrating honesty and trustworthiness in your everyday actions and interactions by ‘doing the right thing’ and speaking up when you have a concern;
• Collaborative; work together with colleagues, understanding their perspectives and objectives to achieve the best long-term results for the Company
• Client focused; a strong contributor to the overall success of the business who ensures that all aspects of their work help the company achieve excellent long term client satisfaction;

Additional

• Prior work experience 0-3 years. Experience in working in a financial
• services/payments company an asset
• Strong interpersonal, client relationship, influencing and communication skills
• Ability to solve complex problems through creative methods
• Assertiveness with the ability to influence others in a constructive way
• Able to demonstrate credibility in country/region assigned
• Strong judgement and analytical skills
• Excellent organizational skills, able to multi-task
• Self-Motivated & Results focused
• Commercially focused, operationally strong and strategically responsive
• Demonstrates professional acumen, integrity, discretion, credibility, resilience & trustworthiness
• Excellent all-round communication skills
• Must display exceptional attention to detail
• Able to work on your own initiatives
• Able to build positive and respectful relationships across the organization
• Ability to manage conflicting priorities

Educational Qualifications

• Educated to Degree-level or able to demonstrate equivalent relevant experience
• A degree in corporate finance or relevant training course an advantage

Professional Qualifications

• Completion of or final stages of ACCA/CPA/ACA/CFA
• FMVA or BIDA is a plus.