Senior Financial Analyst - IT

(Location: Hybrid - Ontario)

The total target compensation (TTC) range, including salary and target bonus, is $92,960 - $142,960 . This TTC range is applicable to permanent roles only. The actual base salary offered within this range will be determined by the successful candidate's skills and experience, as well as internal equity.

We are seeking a highly analytical and strategic Senior Financial Analyst to act as a core finance partner for our department. In this role, you will bridge the gap between Corporate Finance and Technology, driving the end-to-end planning cycle, optimizing IT spending, and providing actionable insights on technology investments. The ideal candidate is a proactive problem-solver who excels in financial modeling, variance analysis, and translating complex data into executive-ready narratives. Operating under minimal to moderate supervision of the Director IT Finance and Governance.

What you'll be working on

Budgeting, Forecasting & Modeling

• Lead the consolidation and analysis of overall IT budgets and forecasts, preparing executive presentation slides and explaining variances.
• Partner closely with business leaders and Cost-Benefit Analysis (CBA) owners to update actuals, forecast numbers, and collaboratively explain variances.
• Develop robust financial models to forecast subsequent year expenses based on current-year trends.

IT Spend Optimization & FinOps

• Provide financial oversight and support for IT expense optimization.
• Drive FinOps initiatives by partnering with technical teams to manage, monitor, and report on Cloud infrastructure expenses.

Project Finance & Investment Analysis

• Support Project Managers with rigorous reporting on project financials and external vendor spend.
• Manage comprehensive forecasting cycles including salary, benefits, and CPIP transfers, as well as external vendor and project actuals.
• Forecast and monitor IT investments by developing and updating Cost-Benefit Analyses (CBAs).
• Track the Return on Investment (ROI) of previous years' CBAs and model the future financial impact of planned IT investments.

Strategic Reporting, KPIs & Continuous Improvement

• Maintain and track core Financial KPIs for the IT organization.
• Identify and implement continuous improvements across financial data, models, and overall reporting processes.
• Perform rapid, ad-hoc financial analysis for IT stakeholders, including YoY growth studies

What we're looking for you to have

• Completion of a university degree or Bachelor's degree in a quantitative field such as business, accounting, finance, economics, mathematics, statistics, or information systems.
• 5+ years of progressive professional experience in accounting, corporate finance, investment administration, or tax compliance frameworks, preferably in the insurance or financial services sector.
• A professional accounting designation (CPA) and/or CFA designation is highly preferred.
• Advanced financial modeling skills (Excel) and experience with enterprise planning tools. Familiarity with Cloud billing (FinOps) and Gartner benchmarking frameworks is a major asset.
• Advanced knowledge of spreadsheet and database software with high proficiency in financial modeling, data query toolsets (SQL/ETL principles), relational databases, and core ledger architectures
• Proven ability to build relationships with non-finance stakeholders (e.g., IT Directors, Project Managers) and guide them through complex financial concepts.
• Excellent written and verbal communication traits, with proven comfort presenting synthesized findings to senior leaders and negotiating transactional outcomes with external stakeholders.
• Strong structural organization, with the capacity to prioritize multiple tasks and handle confidential information while working under intense deadlines.
• If you are applying for a position which is open to applicants across Canada, unless otherwise indicated in the position, language proficiency in English is required for communicating with customers, advisors, or employees across Canada.
• Our hiring process includes AI screening for keywords and minimum qualifications. Recruiters review all results.

Beyond the salary

For permanent full-time positions, Empire Life offers a comprehensive total rewards package that includes:

• Hybrid work model
• Competitive salaries with annual pay increases
• Annual bonus program, which recognizes both strong company performance and individual contributions, for non sales positions
• Access to learning & development programs, and education/tuition reimbursement (role dependent), to support your professional growth and career advancement.
• Competitive uncapped commission, for sales positions
• A comprehensive employer-funded benefits package starting from day one of employment, that includes life insurance, health and dental and a generous health account
• Flexible work arrangements and an annual allotment of personal health days.
• Four weeks annual vacation from hire date
• A defined contribution pension plan with generous employer matching
• Top up programs for parental leave and compassionate leave
• Employer-sponsored wellness and recognition programs
• A cash employee referral program

To learn more about working at Empire Life, visit https://www.empire.ca/workatempire.