Senior Financial Analyst, Retail FP&A - Wage Analytics

Referred applicants should not apply directly to this role.

All referred applicants must first be submitted through Workday by a current Loblaw Colleague.

Come make your difference in communities across Canada, where authenticity, trust and making connections is valued - as we shape the future of Canadian retail, together. Our unique position as one of the country's largest employers, coupled with our commitment to positively impact the lives of all Canadians, provides our colleagues a range of opportunities and experiences to help Canadians Live Life Well®.

At Loblaw Companies Limited, we succeed through collaboration and commitment and set a high bar for ourselves and those around us. Whether you are just starting your career, re-entering the workforce, or looking for a new job, this is where you belong.

Reporting to the Manager, Finance, Retail FP&A - Wage Analytics, the Senior Financial Analyst will perform Wage & Benefits financial planning & analysis requirements for all Retail Drug Stores within the SDM Division.

Specifically, this role will be responsible for the financial planning and analysis requirements associated with Wages & Benefits. This will include supporting the period end, forecast, and common year planning processes. For each of these areas, the role is responsible for applying standard variance analysis techniques to generate insights on financial and operational performance and communicate these findings in a clear and concise manner to management. They will also be responsible for quantifying, analyzing, and communicating the financial benefits related to strategic initiatives impacting labour. For the common year planning process, this includes planning wage & benefit accounts on a by store and by period basis, ensuring all key assumptions are documented.

Key Responsibilities:

• Complete period end close requirements for labour by validating completeness of payrolls processed and providing analysis, variance commentary, and management reporting.
• Support the preparation of the periodic productive labour forecast (hours and dollars), inclusive of providing insights on variances to Plan, Prior Forecast, and LY (using volume and rate concepts) and key metric results (e.g. productivity, wage rates).
• Support the intra period forecast by estimating current period trend of actual versus forecast and flag any material risk and opportunities.
• Report and track Relief Pharmacist Spend on a weekly and periodic basis and communicate to stakeholders.
• Support the periodic forecast for Sick + Stat, Store Administrator, Postal Labour, Benefits, and the FSM Incentive. Relate performance to the relevant cost driver and provide standard analytics and variance analysis, inclusive of commentary.
• Lead the Front Store Manager Incentive process by calculating entitlement by store, engaging the District Manager for approval at year end, supporting payment processing at the stores, and reconciling the balance sheet account after the payout is completed.
• Prepare the Wage & Benefit plan for each store by account and ensure that the key plan assumptions and initiatives are included.
• Consolidate large amounts of complex information into simple and easy to understand reports.
• Other Ad Hoc duites and project based work as assigned.

Skills and Experience:

• Advanced computer skills in Excel and MicroStrategy; working knowledge of macros an asset
• Strong attention to detail and an appreciation and acumen for having detailed checks and balances in place
• Must be able to provide sound analysis and comparisons with some guidance
• Adaptive and ability to prioritize work
• Strong sense of ownership to meet commitments and deadlines
• Communicates with clarity; verbally and written
• Demonstrates strong business acumen, career driven and keen to learn and contribute
• University degree in Business, Accounting, Commerce or related field
• CPA designation or progression towards a CPA designation is an asset

Our commitment to Sustainability and Social Impact is an essential part of the way we do business, and we focus our attention on areas where we can have the greatest impact. Our approach to sustainability and social impact is based on three pillars - Environment, Sourcing and Community - and we are constantly looking for ways to demonstrate leadership in these important areas. Our CORE Values - Care, Ownership, Respect and Excellence - guide all our decision-making and come to life through our Blue Culture. We offer our colleagues progressive careers, comprehensive training, flexibility, and other competitive benefits - these are some of the many reasons why we are one of Canada’s Top Employers, Canada’s Best Diversity Employers, Canada’s Greenest Employers & Canada’s Top Employers for Young People.

If you are unsure whether your experience matches every requirement above, we encourage you to apply anyway. We are looking for varied perspectives which include diverse experiences that we can add to our team.

We have a long-standing focus on diversity, equity and inclusion because we know it will make our company a better place to work and shop. We are committed to creating accessible environments for our colleagues, candidates and customers. Requests for accommodation due to a disability (which may be visible or invisible, temporary or permanent) can be made at any stage of application and employment. We encourage candidates to make their accommodation needs known so that we can provide equitable opportunities.

Please Note:
Candidates who are 18 years or older are required to complete a criminal background check. Details will be provided through the application process.