Share this Job

Financial Analyst - Toronto - Full Time

Apply now »

Date: Jul 21, 2021

Location: Toronto, ON, CA

Company: LifeLabs

LifeLabs is the largest community diagnostics laboratory in Canada, serving the healthcare needs of Canadians for over 50 years. Our team members are truly centred around our customers, and we know that behind every lab requisition, sample being tested, or investment in technology is an individual and their family counting on us.

At LifeLabs, the passion and commitment of over 6,000 diverse and innovative team members unites and motivates us to ensure our customers receive high quality tests and results that they can trust.  Agile, customer-centred, caring and teamwork: we live these values every day in what we do to support our customers and healthcare providers, driving forward our vision of empowering a healthier you.

Make a difference – join the LifeLabs team today!

Job Title: Financial Analyst Reports to: Manager, Finance. Purpose of the Role the Financial Analyst provides business partnership support to specific business lines within Life Labs, 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:

Monthly Business Unit Performance Reviews:

• 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


At LifeLabs, we strive to create an inclusive and equitable workplace where our team members and the communities we serve feel accepted, valued, and respected.

In accordance with LifeLabs’ Accessibility Policy, the Accessibility for Ontarians with Disabilities Act, and the Ontario Human Rights Code, accommodations are available by request for candidates taking part in all aspects of the recruitment and selection process. For a confidential inquiry or to request an accommodation, please contact your recruiter or email careers@lifelabs.com.


Job Segment: Financial, Medical, ERP, Financial Analyst, Database, Finance, Healthcare, Technology