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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

Applications without a video will be ignored.

The Application Process

  1. Application with video.
  2. Short workstyle assessment (15mins)
  3. 15 minute Interview
  4. PAID Case Study
  5. Final Interview
  6. Offer

What You Should Know About Senior Financial Analyst, Eightx

Join EIGHTX as a Senior Financial Analyst and play a crucial role in shaping the financial success of eCommerce brands and agencies across Canada, the United States, and the United Kingdom. We provide exceptional Fractional CFO services with a focus on empowering business owners to scale efficiently and effectively. In this role, you will be creating and refining financial models, performing risk management, and diving deep into financial reporting, all while collaborating with a diverse portfolio of clients. You will leverage your expertise in financial modeling and North American accounting standards to build dynamic, three-statement financial models that will serve as crucial decision-making tools for our clients. Reduce complexity and enhance clarity in cash flow forecasting and variance analysis, making substantial contributions to their growth. Our environment is fast-paced but family-oriented, as we believe in balancing hard work with personal commitments, like attending your kids' concerts or taking breaks for exercise. With your knack for problem-solving and creativity, you'll thrive when navigating challenges. At EIGHTX, you’ll not only shine in your current role, but you’ll also have the opportunity to grow into future positions, such as Finance Manager or VP Finance. With our strong commitment to professional growth and client support, we can't wait for you to be part of our dynamic team!

Frequently Asked Questions (FAQs) for Senior Financial Analyst Role at Eightx
What responsibilities does a Senior Financial Analyst at EIGHTX have?

As a Senior Financial Analyst at EIGHTX, your primary responsibilities include building and adjusting three-statement financial models, conducting cash flow forecasting, and scenario planning. You'll also be involved in variance analysis and creating detailed financial reporting packages for clients. Your expertise will guide the financial decision-making processes for a diverse client portfolio, ensuring their growth and stability.

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What qualifications are necessary to apply for the Senior Financial Analyst position at EIGHTX?

To qualify for the Senior Financial Analyst position at EIGHTX, candidates should possess a Bachelor's Degree, along with a professional designation or Master’s Degree such as CPA, CA, or MFin. Additionally, at least 5 years of experience as a financial analyst is required, along with advanced proficiency in Microsoft Excel and familiarity with North American accounting principles.

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How can I demonstrate my skills in the application for the Senior Financial Analyst role at EIGHTX?

In your application for the Senior Financial Analyst role at EIGHTX, you should submit your resume along with a short video. Make sure to showcase your skills in building financial models, problem-solving capabilities, and understanding of financial reporting. Highlight your motivations for applying and insights about EIGHTX to make your application more compelling.

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What is the work environment like for a Senior Financial Analyst at EIGHTX?

The work environment at EIGHTX for a Senior Financial Analyst balances professionalism and personal fulfillment. While we work hard to meet client needs, we also prioritize work-life balance, ensuring that our team members can manage their personal commitments. This approach fosters a positive work culture where productivity and employee satisfaction go hand in hand.

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What tools and software will I be using as a Senior Financial Analyst at EIGHTX?

As a Senior Financial Analyst at EIGHTX, you will be utilizing a range of tech and software platforms including Shopify, QuickBooks Online, Xero, Google Sheets, Google Docs, Glew.io, and various eCommerce seller/vendor platforms such as Amazon. Being comfortable with these tools will significantly enhance your ability to deliver insights and support clients effectively.

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Common Interview Questions for Senior Financial Analyst
Can you explain your experience with financial modeling as it relates to the Senior Financial Analyst role at EIGHTX?

When answering this question, be specific about the types of financial models you have built in the past, including their purpose and the outcomes achieved. Demonstrate your proficiency in Excel and your ability to adjust models based on real-time data. Sharing a relevant example of how your financial modeling contributed to a project can certainly strengthen your response.

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How do you approach variance analysis in your work?

In your response, explain the steps you take to identify variances and their causes. Discuss the tools or methodologies you use to analyze data and how you present your findings to stakeholders. It's essential to showcase your analytical skills and emphasize your proactive approach to addressing variances.

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Describe a challenging financial problem you faced and how you resolved it.

For this question, share a specific example of a financial challenge, the approach you took to analyze it, and the solution you implemented. Emphasize your problem-solving abilities and how you utilized financial modeling or forecasting techniques to achieve a positive outcome.

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What trends do you see impacting eCommerce financial management?

When answering this question, consider discussing recent changes in consumer behavior, technology advancements, and financial regulations affecting the eCommerce sector. Show your awareness of market trends and how they may affect financial strategies for eCommerce businesses.

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How do you prioritize your tasks when working with multiple clients?

Discuss your time management and prioritization strategies. Showcase your ability to assess client needs, set deadlines, and stay organized using tools or methods like task lists or project management software. Providing examples of how you have successfully managed multiple projects can help highlight your strengths.

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How do you stay informed about changes in financial regulations or accounting standards?

In your response, mention various resources such as professional organizations, continuing education courses, webinars, or industry publications that you follow regularly. Highlight your commitment to staying current in the rapidly evolving financial landscape, which is essential for a Senior Financial Analyst.

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Explain the importance of cash flow forecasting and how you conduct it.

When discussing cash flow forecasting, describe its significance for financial health and making informed decisions. Share your methodology for forecasting, including data collection, modeling techniques, and evaluation of cash flow risks. Demonstrating a solid understanding of cash flow management is crucial for this role.

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How do you ensure the accuracy of your financial reports?

Answer this question by explaining the checks and balances you put in place to verify the accuracy of your reports. Discuss your processes for cross-referencing data, peer reviews, and utilization of accounting software. Highlight your focus on detail and accuracy, which is vital for maintaining trust with clients.

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What KPIs do you believe are most important for eCommerce businesses?

Here, mention the key performance indicators you consider critical for eCommerce success, such as conversion rates, average order value, or customer acquisition costs. Discuss why these metrics matter and how you can use them to drive financial decisions that align with client goals.

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How do you adapt to fast-paced work environments?

In your response, highlight your adaptability strategies, such as remaining organized, prioritizing tasks at hand, and maintaining a flexible mindset. Share instances where you successfully navigated rapid changes or challenges in previous roles, showcasing your resilience and commitment to meeting client demands.

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Full-time, remote
DATE POSTED
December 30, 2024

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