Share this Job

Financial Analyst - Toronto - Full Time

Apply now »

Date: Jul 8, 2021

Location: Toronto, ON, CA

Company: LifeLabs

About Us

At LifeLabs, we are focused on our vision of empowering a healthier you!  We are the largest community diagnostics laboratory in Canada with over 350 collection centres, 16 laboratories and service over 20 million patients each year.  

Agile, Customer-centred, Caring, Teamwork - We live our values every day in what we do to help our patients and healthcare providers.  With over 6,000 employees, we all make a difference and that’s why our people are so important to us.  

This is an exciting time to join our LifeLabs team, grow your career with us and support numerous business initiatives, innovations, best practice and business development opportunities.

Reporting to Manager, Finance.The Financial Analyst provides business partnership support to specific business lines within LifeLabs, as delegated by the finance department manager. This may include Clients Services, Lab Operations or the Medical Science / QRA segments of the business. Using analytics and financial modelling to influence and advise, this position provides the business with the data and intelligence to identify opportunities to maximize operating effectiveness and efficiencies to reduce costs and improve productivity and bottom-line margins. This position is responsible for completing monthly business unit performance reviews to monitor performance, the annual budget and forecast process updates.


Core Accountabilities:

• Working in conjunction with either Clients Services, Lab Operations or the Medical Science / QRA segments of the business, as have been delegated by the finance department manager, establish a working partnership and framework to analyze and communicate results of the delegated business units on a monthly basis. This framework will include traditional variance analysis and performance monitoring, visual dashboards to measure in-process metrics as well as progress / tracking on the achievement of any segment specific initiatives. Budget, Forecast Updates and Plan Development:

• Lead the processes specific to the delegated segment of either Clients Services, Lab Operations or the Medical Science / QRA segments of the business to develop the annual budget, corresponding “year to go” forecast updates (at least 3X per year) and the annual 5-year financial plan for Life Labs. Ensure alignment of plans across all delegated stakeholder groups Analytics and Business Partnerships:

• Develop analytical frameworks and tools to assist the delegated segment of either Clients Services, Lab Operations or the Medical Science / QRA segments of the business in making data-driven decisions, including pricing activities, new business ventures, new product lines, margin analysis, low-volume/margin test rationalization, product divestitures, capital investments, RFP activities for vendors, contract negotiations and more broadly any other innovations, strategic initiatives and ad hoc analysis as required to enable business decisions. Leverage tools to enable business case development and documentation, inclusive of both capital requirements and investment returns / payback. Ability to perform ad hoc projects in support of the finance department manager.


Minimum Hiring Requirements:

• University Degree

• Accounting Designation, CPA and / or MBA (or working towards one of these designations)

• 2 years previous experience working in finance

• Strong analytical and business planning skills in order to solve problems and research and escalate issues, when necessary

• Good understanding of finance processes and data requirements

• Developing management presentation capabilities

• Experience with ERP systems (Oracle, Oracle Cloud, SAP, EPM application suites preferred)

• Strong computer and reporting skills with an advanced proficiency in MS Excel and Word


LifeLabs is committed to building an inclusive environment and will provide accommodations in accordance with the AODA – Accessibility for Ontarians with Disabilities Act. Please indicate in your application any accommodations you will require throughout the recruitment process.  Alternatively please contact our corporate offices main line to be directed to a member of the Talent Acquisition team at  (416) 675-4530. 


Job Segment: Financial, Medical, Business Development, ERP, Financial Analyst, Finance, Healthcare, Sales, Technology