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Financial Analyst

Loopio is a workplace that unleashes learning & growth opportunities for our Loopers. We provide autonomous, challenging work that allows each employee to master their craft. We attract and retain people who are naturally curious, have grit and are eager to grow and build their careers. At Loopio, we genuinely support each other, because true success comes from working as #oneteam.


Loopio’s Finance team is growing! We are looking for a Financial Analyst who will take ownership of full cycle accounting processes and be part of a collaborative and high performing team. If you are interested in joining a supportive team environment and contributing new ideas, we want to hear from you! 


Reporting into the Assistant Controller, the Financial Analyst will own the preparation of financial reporting and accounting for key business processes. Our team has a strong focus on process improvement and this role will have a significant impact in driving efficiency in financial reporting and internal controls. This role will directly impact business decisions, through preparation of accurate and timely financial information. The Finance team is a key business partner to other departments that service our 1,000+ customers. There will be many opportunities for the duties and role to scale as Loopio continues to grow. 


What You’ll Be Doing
  • Assist in the preparation and documentation of working papers, financial statements, and reports to support accurate financial reporting for a variety of internal and external stakeholders.
  • Actively facilitate the month-end close process and month-end analysis for various accounts.
  • Monitor, review, analyze and reconcile accounts to ensure accuracy and proactively identify and report on variances.
  • Coordinate transactional investigation with other business units and implement timely adjustments when needed.
  • Preparation of GST/HST/PST/VAT returns. 
  • Work with other Finance team members to continuously improve and automate team processes, documentation and templates.
  • Act as a liaison for Accounts Payable and Accounts Receivable, facilitating smooth communication and transaction processing.
  • Assist with compliance (sales taxes, reporting, corporate taxes) amongst multiple entities in various jurisdictions (Canada, US, India, and UK). 
  • Continually execute internal controls, identify areas for process improvement and strengthen the control environment.
  • Assist with managing audit / tax requests and submissions to external parties. 
  • Assist with ad-hoc projects across the Finance team.


What You’ll Bring to the Team
  • 2-3 years experience in public accounting preferred
  • CPA designation (or working towards CPA) is preferred 
  • Advanced Excel proficiency
  • Proven track record of proactive problem-solving, issue identification and resolution 
  • Experience with process creation/improvement 
  • Excellent project management skills
  • Excellent communication skills and attention to detail are essential to this role 
  • Exceptional attention to detail and accuracy, through performing self-reviews
  • Flexibility and ability to adapt to changing priorities 


Where You’ll Work
  • Loopio is a remote-first workplace because we recognize the advantages of working flexibly. We have Hub Regions spanning across Canada, UK, and India, which means that employees live and work remotely within a 300 KM radius of Toronto (within Ontario),Vancouver (within British Columbia), Ahmedabad (within Gujarat), Pune (within Maharashtra), and London (UK) and work within regular business hours in their timezone. 
  • Loopio has two flexible co-working locations available to Loopers in ON and BC. Those based in ON have the flexibility of working out of our convenient coworking space located in the heart of Downtown Toronto and a 12-minute walk from Union Station. BC Loopers have the option to work from our co-working office in Gastown Vancouver. It is whatever works best for you!
  • You’ll collaborate with your teams virtually (we’re just a Zoom call away!) and have established core sync hours and focus time during the workday to enable us to work smarter together


Why You’ll Love Working at Loopio
  • Your manager supports your development by providing ongoing feedback and regular 1-on-1s 
  • You have tons of autonomy and responsibility: this role provides an opportunity to try new things and push creative boundaries
  • You’ll learn more than you thought was possible; our team is obsessed with personal and professional growth (every Looper receives a professional mastery allowance each year)
  • You’ll be set up to work remotely with a MacBook laptop, a monthly phone and internet allowance, and a work-from-home budget to help get your home office all set up! 
  • Join us in regular company socials, AMA (Ask-Me-Anything), and quarterly kick-off to celebrate the big wins and milestones as #oneteam!
  • You’ll be joining a culture that has thoughtfully built out opportunities for connections in a remote first environment.
  • We have Employee Resource Groups, various fun virtual activities, and many more moments for us to have fun and learn together! 
  • You’ll be a part of an award-winning workplace and one of Canada’s fastest growing companies with ample opportunity to make a big impact here!


We recognize that all too often, potential candidates don’t apply for a position simply because they don’t hit every single criteria included in the job description—particularly members of underrepresented groups


Whether or not your experience checks off all the boxes on a job posting, we still encourage you to apply to ensure that your application receives a review from our team. We understand that a resume can only showcase so much during the applicant stage, so we've created prompts in the application for you to share more about yourself. If you've made a career transition (or a few!), you’re self taught in a new role, or you have skills/experience you’d like to highlight, we want to hear more about what you could bring to the table.


Loopio is an equal opportunity employer that is deeply committed to building equitable workplaces that are diverse and inclusive. We actively encourage candidates from all backgrounds and lifestyles to consider us as a future employer. Please contact a member of our Talent Experience team (work@loopio.com) should you require accommodations at any point during our virtual interview processes.

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Average salary estimate

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$60000K
$80000K

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What You Should Know About Financial Analyst, Loopio

At Loopio, located in the vibrant city of Toronto, we're on the lookout for a passionate Financial Analyst to join our growing Finance team! We truly believe in fostering a work environment that encourages your growth and learning. In this exciting role, you'll have the chance to take ownership of the full cycle accounting processes while collaborating with a high-performing team that values creativity and innovation. You’ll assist in preparing financial reports and statements, actively engaging in the month-end close processes while ensuring accuracy across various accounts. This role is perfect if you're eager to contribute fresh ideas and help drive efficiency in financial reporting and internal controls. You'll also work closely with other departments, supporting over 1,000 customers, making your impact significant. If you have a flair for problem-solving, an eye for detail, and you're on your way to earning your CPA, we want to hear from you! Here at Loopio, we’re more than just colleagues; we’re one team. Join us in a remote-first workplace that supports your work-life balance, providing offers like co-working spaces in downtown Toronto to ensure you can thrive wherever you are. This is your chance to learn, grow, and make a difference in a corporate culture that prioritizes personal development and connection. Come be a part of one of Canada’s fastest-growing companies and unleash your potential with Loopio!

Frequently Asked Questions (FAQs) for Financial Analyst Role at Loopio
What does a Financial Analyst do at Loopio?

As a Financial Analyst at Loopio, you'll take on the full cycle of accounting processes, preparing financial reports, and documenting working papers to support internal and external financial reporting. Collaborating with different business units, you will facilitate the month-end close process and ensure the accuracy of accounts through detailed analysis and reconciliation.

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What qualifications do I need to apply for the Financial Analyst position at Loopio?

To apply for the Financial Analyst position at Loopio, it's preferred you have 2-3 years of experience in public accounting and are working towards, or already have, your CPA designation. Advanced proficiency in Excel, project management skills, and a detail-oriented mindset are essential for success in this role.

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How does Loopio support the growth of its Financial Analysts?

Loopio is committed to the professional growth of its Financial Analysts by offering continuous feedback, autonomy in projects, and a professional mastery allowance for personal development. You'll have the opportunity to push creative boundaries and learn extensively while contributing to impactful financial processes.

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

The work environment at Loopio is remote-first, offering flexibility to work from home or in co-working spaces across Toronto or Vancouver. You'll collaborate virtually with your team, participate in regular company events, and be supported by an inclusive culture that prioritizes connection even in a remote setting.

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What are some of the key responsibilities of the Financial Analyst role at Loopio?

Key responsibilities of the Financial Analyst role at Loopio include preparing financial statements, assisting with the month-end close process, monitoring and reconciling accounts, and facilitating communication between Accounts Payable and Accounts Receivable. Additionally, you'll contribute to compliance and process improvement initiatives.

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Does Loopio offer any flexibility in work hours for its Financial Analysts?

Yes, Loopio recognizes the importance of work-life balance and offers flexible work hours for its Financial Analysts, allowing you to work during your regular business hours in your local timezone, whether from home or in one of our co-working spaces.

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How can I stand out as a candidate for the Financial Analyst position at Loopio?

To stand out as a candidate for the Financial Analyst position at Loopio, highlight your proactive problem-solving abilities, experiences in process improvement, and attention to detail in your applications. Sharing specific examples of your past achievements and how you've contributed to team success can also set you apart.

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Common Interview Questions for Financial Analyst
Can you explain your experience with financial reporting?

In the interview, outline your relevant experiences with financial reporting and detail specific software or tools you have used, such as Excel or financial software systems. Be prepared to discuss the methodologies you employ to ensure accuracy and compliance in your reports.

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How do you approach the month-end close process?

When tackling the month-end close process, it’s essential to streamline and organize tasks. Discuss your strategies for tracking deadlines, reconciling accounts, and ensuring all financial data is prepared accurately and on time. Highlight any software you’ve used to enhance efficiency.

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What methods do you use to monitor and analyze financial variances?

Share specific analytical techniques you leverage to monitor and analyze financial variances, such as variance analysis or trend analysis. Provide examples where you've identified significant variances and the corrective actions you recommended.

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Describe a challenging financial problem you solved in the past.

Discuss a specific instance in which you faced a complex financial issue, detailing how you approached the problem, the steps you took to address it, and the outcome of your efforts. Emphasize your analysis and communication skills during this process.

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How do you prioritize tasks during busy periods, like month-end close?

Explain your prioritization methods, such as using task management tools or creating to-do lists, which enable you to effectively manage tight deadlines while maintaining high work quality. Discuss any experiences you've had where prioritization made a significant difference.

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What role do you think automation plays in financial processes?

Reflect on the importance of automation in enhancing accuracy and efficiency in financial processes. Provide examples from past experiences where you've implemented automated solutions and the positive results that followed.

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How do you ensure compliance with financial regulations?

Discuss your approach to ensuring compliance with financial regulations, incorporating any best practices you utilize to stay updated on laws and regulations. Mention the importance of collaboration with tax and compliance teams.

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What experience do you have with tax reporting and compliance?

Talk about your experiences with tax reporting and compliance across different jurisdictions. Provide examples of specific reports you've prepared and how you ensured regulatory compliance while minimizing risks.

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Can you discuss your experience with reconciliations?

Elaborate on your methodologies when performing reconciliations, detailing any tools or systems you’ve utilized. Share how you've improved reconciliation processes to enhance accuracy and reduce discrepancies.

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How do you handle discrepancies in financial data?

When addressing discrepancies in financial data, detail the steps you take to investigate the root cause, the resolution process, and how you communicate findings to relevant stakeholders to prevent future occurrences.

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Empower people to focus on what matters. From our Loopers (employees), to our Loopio Champions (customers), we aim to empower all of the people in Loopio's ecosystem to focus on winning, growth, differentiation, autonomy, mastery, purpose, and mo...

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Full-time, remote
DATE POSTED
November 26, 2024

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