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Financial Analyst

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Loblaw Companies Limited

9d ago

  • Job
    Full-time
    Junior & Mid Level
  • Accounting & Tax
    Banking & Finance
  • Brampton

AI generated summary

  • You need a finance degree, 1-3 years' experience, CPA or in progress, strong analytical skills, attention to detail, excellent communication, and advanced MS Office proficiency.
  • You will track daily sales, monitor key metrics, assist with ad hoc requests, prepare presentations, manage data for forecasting and budgeting, and implement process improvements.

Requirements

  • Post-secondary degree in finance or related field.
  • 1-3 years of relevant work experience.
  • Chartered Professional Accountant (CPA) designation or working towards designation.
  • Results oriented – consistently delivers high quality output on a timely basis.
  • Team player with excellent planning and prioritization skills.
  • Strong problem solving, analytical skills, and attention to detail.
  • Excellent communication and presentation skills, with ability to clearly communicate complex issues.
  • Advanced working knowledge of Microsoft Office suite (e.g. Excel, PowerPoint, Word, etc.).

Responsibilities

  • The primary function of the Financial Analyst will be to facilitate financial reporting for the HEHB business. This largely includes routine tasks which are either performed on a weekly or daily basis. These reports are relied upon heavily by the sr. leadership team to support their decision making and to provide clear insights into business performance. Examples include:
  • Daily sales and gross margin tracking
  • Tracking financial impacts of store renovations and BU initiatives
  • Monitoring key metrics impacting the BU, including offshore freight costs
  • Financial recaps, with varying levels of granularity
  • In addition to routine reporting, the Financial Analyst will also be responsible for addressing, and/or supporting the Sr. Manager with, ad hoc requests. This may include:
  • Providing financial insights to the merchant teams through assisting with ad hoc requests (can range from generation of new reports to facilitating the payment of an invoice)
  • Supporting the FP&A and Merchant teams by preparing slides for various stakeholder meetings
  • Deep diving into existing processes to look for improvements and develop control
  • The Financial Analyst will also be responsible for assisting with the periodic forecasting and annual budgeting processes. Largely, this will involve compilation of data, which is populated by the Category teams, modifying this data to fit submission requirements, and loading this data into the corporate forecasting tool. The Financial Analyst is responsible for the accuracy and timeliness of the submission. In addition, the Financial Analyst may be asked to help implement process improvements and roll forward files at year end or in preparation for the budget.

FAQs

What is the primary responsibility of the Financial Analyst at Loblaw Companies Limited?

The primary responsibility of the Financial Analyst is to facilitate financial reporting for the Home & Entertainment, Health and Beauty (HEHB) business unit, including daily sales tracking, monitoring key metrics, and addressing ad hoc analysis requests.

What qualifications are required for this Financial Analyst position?

Candidates should have a post-secondary degree in finance or a related field, 1-3 years of relevant work experience, and ideally be working towards a Chartered Professional Accountant (CPA) designation.

Is prior experience in financial analysis necessary for this role?

Yes, 1-3 years of relevant work experience in financial analysis or a related field is required.

What types of tasks will the Financial Analyst perform on a routine basis?

The Financial Analyst will perform tasks such as daily sales and gross margin tracking, monitoring financial impacts of store renovations, and preparing financial recaps with varying levels of granularity.

Will the Financial Analyst collaborate with other teams?

Yes, the Financial Analyst will work closely with merchant teams, FP&A teams, and senior leadership to provide financial insights and assistance with ad hoc requests.

What skills are emphasized for this Financial Analyst role?

Key skills include strong analytical and problem-solving abilities, attention to detail, excellent communication and presentation skills, and advanced proficiency with Microsoft Office Suite, particularly Excel and PowerPoint.

How does this position contribute to the annual budgeting process?

The Financial Analyst will assist by compiling data from the Category teams, modifying it for submission requirements, and ensuring the accuracy and timeliness of the data loaded into the corporate forecasting tool.

Is there room for growth in this position?

Yes, this role offers opportunities for professional growth and visibility within the organization by working directly with the senior leadership team.

What is Loblaw's stance on diversity and inclusion?

Loblaw is committed to diversity, equity, and inclusion, focusing on creating an accessible environment for all colleagues, candidates, and customers while encouraging diverse perspectives in their teams.

Are background checks required for candidates?

Yes, candidates who are 18 years or older are required to complete a criminal background check as part of the application process.

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Loblaw Companies Limited

At Loblaw, we're developing innovative products and solutions. Our focus is on empowering Canadians to Live Life Well.

Retail & Consumer Goods
Industry
10,001+
Employees
1919
Founded Year

Mission & Purpose

Our Purpose – Live Life Well Loblaw Companies Limited is Canada’s food and pharmacy leader, the nation’s largest retailer, and the majority unit holder of Choice Properties Real Estate Investment Trust. Loblaw – and its portfolio of grocery, health and beauty, financial services and apparel businesses – provides Canadians with an unparalleled mix of value, assortment and convenience, and offers Canadians two of the country’s most recognized brands – President’s Choice and no name. The acquisition of Shoppers Drug Mart, along with the powerful Life Brand and Optimum brand, has only served to reinforce our leadership position in the marketplace. As well, our PC Plus program, omni-channel efforts and multicultural merchandising offerings continued to be points of differentiation for our customer experience. In 2019, Loblaw has been recognized as one of Canada’s Top 100 Employers, Best Diversity Employers by Mediacorp Canada Inc.