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Senior Finance Analyst

by Indiva

Position Type: Full-time
Location: London, ON
Date Posted: Dec 09, 2023
Indiva

Job Description


Senior Finance Analyst

About Indiva

Indiva is proud to be Canada’s #1 maker of cannabis edibles. We set the gold standard for quality and innovation with our award-winning products, across a wide range of brands including Pearls by Grön, Bhang, No Future as well as Indiva branded edibles, extracts, and pre-rolls. Indiva manufactures its top-quality products in its state-of-the-art facility in London, Ontario, and has a corporate workforce remotely distributed across Southern Ontario.

About the Role

RESPONSIBILITIES

Operations Finance:

  • Validate the cost of goods sold as part of the month-end close; review, analyze and report on inventory valuation, raw materials, WIP, direct and indirect labor, overhead costs, and related variances.
  • Continuously improving, planning, studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, and labour.
  • Developing, improving, and maintaining the standard costing model to support Operations Finance and Financial Planning and Analysis processes.
  • Establish product costs using standards from process plans.
  • Analyze changes in product design, raw materials, manufacturing methods, rate schedules or services to determine actual vs. standard variances.
  • Working collaboratively with multi-functional partners and other departments to understand drivers of cost variances and identify areas for cost reduction and/or improved efficiency.
  • Liaise with sales and purchasing regarding future business and raw material pricing.
  • Reconcile cost of sales report against the G/L.
  • Review income statements, defect analysis, productivity and prepare monthly information for discussion with management.
  • Act as the subject matter expert for reporting in ERP from a costing and manufacturing perspective

Reporting:

  • Prepare daily, weekly, monthly, and quarterly reports.
  • Owning and completing regulatory reporting
  • Assist in the ongoing development, data accumulation and developing KPIs and reporting on KPIs to better track the performance of the plant.
  • Provide management reports specifying and comparing factors affecting prices and profitability.
  • Prepare profitability breakdowns by manager/product line/customer.

Other Responsibilities:

  • Assisting in Month end close of the General Ledger including various accruals.
  • Assist in coordination of the annual physical inventory counts.
  • Investigate inventory counting variances and resolve issues.
  • Must be willing to learn all aspects of job duties and be cross trained.
  • Other duties as required.

Qualifications:

  • Bachelor's degree in Finance, Accounting, or related field
  • Proven experience as a Financial Analyst or similar role
  • Proficient in Microsoft Word, Outlook, and Excel for data analysis and reporting
  • Strong analytical skills with the ability to interpret complex financial data
  • Experience with data visualization tools preferred
  • Experience in budgeting is an asset.
  • Experience with Power BI, D365 and/or similar ERP systems are an asset.
  • Detail-oriented with strong organizational skills

How to Apply
Kindly send us your resume! We appreciate everyone who applies for this position, however, only those who have been shortlisted for interviews will be contacted.

INDIVA welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Job Types: Full-time, Permanent

Benefits:

  • Casual dress
  • Company events
  • Dental care
  • Disability insurance
  • Employee assistance program
  • Extended health care
  • Life insurance
  • On-site parking
  • Paid time off
  • Stock options
  • Tuition reimbursement
  • Vision care

Schedule:

  • Monday to Friday

Ability to commute/relocate:

  • London, ON N6E 1P6: reliably commute or plan to relocate before starting work (required)

Education:

  • Bachelor's Degree (preferred)

Experience:

  • Consumer Packaged Goods Industry: 3 years (preferred)

Work Location: In person

APPLY