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Senior Financial Analyst

About Eightx

We provide Fractional CFO services for fast-growing eCommerce Brands and Agencies from Canada, the United States and the United Kingdom with one goal in mind:

To help eCommerce business owners scale their businesses with more cash and less stress.

This requires a broad range of skills including financial modelling, risk management, understanding of US/Canadian GAAP, financing, audit, investor relations and more.

We are small but growing fast which means you will get the chance to specialize and grow into future roles such as Finance Manager or VP Finance.

Lastly, as you might expect of a finance company, we work really hard when we need to, but we don’t work hard just for the sake of it. We don’t miss our kids’ concerts, we work out during the day and we usually sign off early on Fridays.

About the position

You are the best financial analyst you know. You never get stuck on problems. You create new ideas and workflows without being asked.

You will be assisting a portfolio of clients around the world with financial modeling, budgeting, cash flow forecasting, scenario planning, variance analysis and more.

You will build 3-statement financial models from the ground up, then run and adjust them every month according to client’s actual results.

You will be working in a wide range of tech/software platforms including Shopify, Quickbooks Online, Xero, Google Sheets, Google Docs, Glew.io, Amazon Seller/Vendor, Rippling, Gusto and more.

Salary

You will be paid near the top of your field for your experience and education.

Time Zone

  • You will work in Vancouver, Canada or Toronto, Canada time zone

Financial Modelling

We build forecasts that are realistic, robust and useful for decision-making.

  • Build 3-statement, dynamic financial models
  • Every month (minimum) adjust the models and communicate potential issues to clients, CFOs, etc.
  • Collect data on scenarios to analyze in the model
  • Perform market research to make the models even more realistic

Financial Reporting

We look backward so we can look forward to manage cashflow and mitigate risk.

  • Monthly financial reporting package with analysis and commentary
  • Creating and updating KPI dashboards
  • Creating and updating 3-statement financial forecasts
  • Cash flow monitoring and forecasting
  • Updating Board and Investor reporting decks

What you must have

  • You are a Microsoft Excel expert
  • You are incredibly fast at building, updating and troubleshooting financial models
  • You understand North American accounting principles
  • You are self motivated
  • You can use judgement and creativity to solve problems
  • You are happy to work in a fast-paced environment
  • You take ownership of your work and mistakes
  • You are comfortable not knowing everything. You can use your professional skills to make inferences to move projects along.

Your experience and education

  • You have a Bachelors Degree
  • You have a professional designation or Masters Degree (CPA, CA, MFin, MSc)
  • You have 5+ years experience as a financial analyst

How to apply

Submit your resume and a short video in your application. Answer these questions:

1. Why are you interested in this position?

2. What do you know about our company?

3. What is your ideal work environment?

4. What are your strengths?

5. Where do you see yourself in five years?

For your video:

- Make it maximum three minutes

- Submit a link to a video hosted online, not a video file (these will be ignored)

Average salary estimate

$100000 / YEARLY (est.)
min
max
$80000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Financial Analyst, Eightx

At EightyX, we’re on the lookout for a Senior Financial Analyst, a role that promises not only challenge but also tremendous growth in the exciting domain of eCommerce finance. Our mission is to provide exceptional Fractional CFO services to fast-growing brands from Canada, the US, and the UK. As a proactive Senior Financial Analyst, you'll work tirelessly but with the understanding that balance is vital—we value family time, health, and making life enjoyable while we help clients thrive financially. Your responsibilities will involve a diverse range of tasks including financial modeling, scenario planning, and cash flow forecasting. You’ll have the opportunity to build dynamic 3-statement financial models from scratch, all while gaining valuable experience with platforms like Shopify, Quickbooks Online, and Google Sheets. We pride ourselves on fostering an innovative and collaborative culture where your insights can make a difference and where you can evolve into roles like Finance Manager or VP Finance. We understand the importance of a healthy work-life balance—so while we expect hard work, we also cherish the time for our kids' concerts, workouts, and to sign off early on Fridays. If you’re an Excel whiz with a passion for financial intricacies, this is the perfect opportunity for you to contribute and grow at EightyX.

Frequently Asked Questions (FAQs) for Senior Financial Analyst Role at Eightx
What are the primary responsibilities of a Senior Financial Analyst at EightyX?

As a Senior Financial Analyst at EightyX, your main responsibilities will include creating and updating robust financial models, conducting variance analysis, and managing cash flow forecasting. You will work closely with a portfolio of clients, providing invaluable insights that will help drive their eCommerce businesses forward. This position requires advanced proficiency in Excel and a solid understanding of North American accounting principles.

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What qualifications are required for the Senior Financial Analyst position at EightyX?

To apply for the Senior Financial Analyst role at EightyX, candidates should possess a Bachelor’s degree in a relevant field, and ideally hold a professional designation like CPA or a Master's degree. Additionally, having at least 5 years of experience in a financial analyst role is essential, along with a track record of building and interpreting complex financial models.

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What software and tools do Senior Financial Analysts use at EightyX?

Senior Financial Analysts at EightyX are expected to work with various software tools including Shopify, Quickbooks Online, Xero, and Google Sheets, among others. Proficiency in these platforms allows for efficient financial reporting, and they are crucial in building actionable financial models that inform strategic decisions.

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How does EightyX support work-life balance for Senior Financial Analysts?

At EightyX, we believe in maintaining a healthy work-life balance, especially for our Senior Financial Analysts. We encourage our employees to prioritize their personal lives by allowing flexible work hours, minimizing overtime, and promoting a culture where we respect personal commitments, including family events and well-being activities. You’ll find that we are committed to working smart while enjoying time outside of work.

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What opportunities for growth are available for a Senior Financial Analyst at EightyX?

EightyX offers substantial growth opportunities for Senior Financial Analysts, including the potential to move into higher roles such as Finance Manager or VP of Finance. We are a growing company, which means as you prove your skills and contribute to our success, your career path can advance significantly, paving the way for leadership roles in our finance department.

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Common Interview Questions for Senior Financial Analyst
Can you explain your experience with financial modeling as a Senior Financial Analyst?

When answering this question, detail the specific financial modeling techniques you've used in previous positions, emphasizing your ability to build dynamic models from scratch. Mention any relevant software proficiency, such as Excel or other financial tools, and provide examples of how your models have been used to inform business decisions.

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How do you stay updated with North American accounting principles?

To prepare for this question, highlight any continuing education or professional development courses you engage in. Discuss relevant literature, webinars, or online resources that you utilize to ensure your knowledge of GAAP remains current, showcasing your commitment to staying informed and applying those principles effectively.

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Describe a challenging financial analysis project you’ve worked on.

When discussing a challenging project, structure your response by focusing on the objective, your role, the obstacles encountered, and how you overcame them. Share specific insights into the analytical techniques you employed and discuss the outcomes that benefitted your previous employer.

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How do you prioritize your tasks when handling multiple clients?

Highlight your organizational skills and tools you use for task management. Focus on methodologies like Agile or project management software that help you prioritize based on deadlines and client needs. Sharing a specific example can illustrate how you tackled competing priorities effectively.

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What techniques do you use for variance analysis?

To answer this, outline your usual approach to variance analysis, including how you gather data, analyze discrepancies, and communicate findings to stakeholders. Provide examples of how your insights have led to actionable changes in previous roles, particularly how they impacted financial forecasts.

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Explain a time when you had to present financial data to non-financial stakeholders.

For this question, emphasize your ability to communicate complex information in an understandable way. Discuss the strategies you used to prepare for that presentation, such as simplifying key data points or using visualizations, and illustrate the positive feedback you received from your audience.

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How do you approach financial forecasting?

Detail your forecasting methodology, ensuring you cover the data you rely on, how you incorporate market research, and any models you use. Highlight your ability to adjust forecasts based on new information, ensuring accuracy in reporting and maintaining clear communication with stakeholders.

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What do you enjoy most about being a financial analyst?

Use this question to express your passion for financial analysis, whether it's problem-solving, working with numbers, or the strategic impact of your insights. Convey your enthusiasm for the role and how it aligns with your career aspirations, particularly in a fast-growing environment like EightyX.

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How do you ensure the accuracy of your financial reports?

Discuss your methodology for ensuring accurate financial reporting, including cross-checking figures, utilizing accounting software, and maintaining organized records. Share any specific systems or checks you implement to minimize errors and increase reliability in reporting.

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Where do you see yourself in five years within the finance field?

For this question, outline your career aspirations while linking them back to the potential growth at EightyX. Express your desire for advancement towards roles like Finance Manager or VP Finance and emphasize your commitment to developing your skills in alignment with the company’s vision.

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DATE POSTED
December 30, 2024

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