IT Financial Analyst
Staples.com
Office
Richmond Hill, ON, Canada
Full Time
Some of what you will do:
This role is a critical part of managing the IT budgets for Staples Canada. The Financial Analyst will be responsible for managing and analyzing financial data, preparing reports, and providing insights to support decision-making processes within the company. The incumbent will act as the day-to-day finance resource for all IT programs & will work closely with all the IT Managers. They will be responsible for performing in depth analysis and presenting key findings and recommendations concerning areas of risk or saving opportunities.
- Specifically, You Will:
- Financial Budgeting (40%)
- Develop, monitor, and manage IT department budgets.
- Provide financial forecasts for IT projects, ensuring expenditures align with planned budgets.
- Track costs related to IT infrastructure, software, hardware, cloud services, and other technological investments.
- Create new budget tracking files and GL set up for new initiatives
- Participate in the annual budget planning process
- Work closely with IT project managers, IT Managers, and other stakeholders to understand department and project financials to ensure alignment with corporate financial objectives.
- Help IT teams understand the financial implications of their decisions and assist with resource allocation and prioritization.
- Support business leaders in aligning IT strategies with the overall financial goals of the organization.
- Financial Reporting & Analysis (30%)
- Prepare regular financial reports related to IT spending, budget variances, and project financial health.
- Present financial insights to IT leadership and cross-functional stakeholders, highlighting key trends, risks, and opportunities.
- Analyze historical spending data to identify patterns and opportunities for cost control and efficiency.
- Submit Month End Accruals for all areas of IT
- Submit Month End Forecast for all IT channels to Finance.
- Month End GL Reconciliation
- Perform Adhoc analysis and reports as required, e.g. Quarterly or Year over Year comparison reports and special request reports etc.
- Invoices & Payment (30%)
- Ensure proper GL coding on invoices and ensure it applies to the right business.
- Check all IT related invoices against the budget to ensure the planned spending
- Manage IT invoices and payments and ensure it is charged to the correct business unit.
- Prepare documents to set up new vendors and coordinate with account payable.
- Manage Vendor enquires on payment status
- Some of what you need:
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- 3+ years of experience in financial analysis, accounting, or a related role.
- MS Excel - Intermediate user proficiency (pivot tables, v-lookups, graph creation).
- Proficiency in financial modeling, forecasting, and financial reporting.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work independently and collaboratively in a fast-paced environment.
- CPA, CFA, or other relevant certification is preferred or in progress.
- Strong financial acumen
- Good data management experience
- Excellent quantitative and analytic skills
- High proficiency in Excel
- High degree of comfort and aptitude for data manipulation & extraction
- Ability to draw deep insight from complex data & present key recommendations & findings
- Excellent Communication/Presentation
- Clear big picture thinker, problem solver and the ability to pay attention to details
- Some of what you will get:
- Associate discount
- Health and Dental benefits
- RRSP/DPSP
- Performance bonuses
- Learning & Development programs
- And more...