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Senior Financial Analyst

Date Posted: April 5, 2023
Closing Date: April 19, 2023
Reports To: Manager, Finance
Duration: Full-time, Permanent

Position Summary

The Senior Financial Analyst provides analytical and financial expertise to the Methanex Medicine Hat site, facilitating informed business decisions and effective management of resources. This role will also focus on financial stewardship and reputation through compliance with accounting standards, company policies, and sound governance. Additionally, the Senior Financial Analyst is responsible for managing and coordinating project control activities

Position Responsibilities

  • Develop and implement project control plans, procedures, and processes that will ensure effective project management
  • Ensure processes are in line with Company policies and guidelines
  • Oversee the development and maintenance of project cost estimates and budgets
  • Ensure that project progress is tracked and monitored using appropriate metrics and that reports are prepared for project stakeholders on a timely basis
  • Identify and analyze project risks and develop risk mitigation strategies
  • Ensure compliance with the Manufacturing Capital Management Process Standard (MCMP)
  • Collaborate with project stakeholders to ensure that project objectives are met within scope, budget, and schedule
  • Develop and maintain project management documentation, including status reports, progress reports, cost reports, and basis of estimates.
  • Lead project cost reviews and provide recommendations for improvement to project processes
  • Coordinate with other department managers and functional teams to ensure that project goals and objectives are aligned and that resources are utilized effectively.
  • Facilitates communication between project stakeholders and team members to ensure that project goals are met
  • Review Authorization for Expenditures (AFE’s) for completeness and reasonableness
  • Ensure approvals per Company policy are obtained prior to activating AFE’s in systems
  • Liaise with project managers ensuring timely close-outs of projects
  • Provide timely and clear monthly reporting on the capital program, project status, and costs
  • Prepare capital spend and cash flow forecast updates
  • Responsible for being a change agent for our Financial and Asset Management systems to achieve operational excellence by understanding business processes and requirements, identifying system and business process improvements within and across departments
  • Maintain fixed assets register including major components, installed cost, in-service date, and useful life to accounting standards and property tax assessment guidelines
  • Manage depreciation schedules and ensure depreciation is calculated accurately and entered into the general ledger
  • Provide depreciation estimates for site forecast
  • Coordinate the annual site capital plan, including management reviews
  • Coordinate and report monthly/quarterly capital forecasts
  • Provide analysis of trends and comparisons
  • Ensure Methanex Corporation maintains accurate general ledger balances and financials by preparing and entering journal entries and accurate reconciliation of balance sheet accounts
  • Prepare journal entries as required
  • Maintain good knowledge of IFRS (International Financial Reporting Standards) and Accounting Standards
  • Prepare accurate, relevant, reliable, and timely financial reports (monthly, quarterly, and annual financial statements) to corporate finance/treasury, senior management, and Global Manufacturing Team (GMT)
  • Provide a detailed review of financial results to determine the accuracy and completeness of the information
  • Design and prepare management reports with good-quality analysis for projects and initiatives
  • Present monthly financial results to the site management team with analysis of significant items, trends, and comparisons to budgets
  • Evaluate commercial agreements ensuring continued economic viability– C02, Electricity
  • Review invoicing and price adjustments to contract
  • Perform economic evaluations for projects as needed
  • Economic evaluations supporting and optimizing operational strategies
  • Understand provincial property and machinery & equipment assessment reporting requirements and submit reporting as per requirements
  • Liaise with consultant as needed to ensure fairness of assessments
  • Review tax assessments prior to payment
  • Maintain and monitor the system of internal controls ensuring effectiveness and compliance.
  • Approvals of journal entries, payment purchase requests, and vendor changes in Oracle.
  • Review and maintain relevant Sarbanes Oxley process narratives.
  • Review and approve vendor additions/changes
  • Work with internal & external auditors and coordinate information requests
  • Provide input and assistance into the implementation of any new financial systems or modules ensuring that their capability and use are optimized and fit for purpose
  • Participate as an active member of the Finance team, providing support and mentorship to team members as needed.
  • Contributes to the organizational vision of Global Methanol Leadership and as a team member demonstrates the core values of integrity, trust, respect, and professionalism
  • Demonstrated through feedback from team and leaders
  • Undertakes all aspects of the role through living the Methanex values
  • Conducts all business in a manner that supports the Responsible Care® ethic

Position Qualifications

Experience and Technical Skills/Knowledge

  • A bachelor’s degree in business, economics, finance, or accounting is required. A master’s degree in finance, economics, or business administration will be considered an asset
  • Certified Professional Accountant (CPA) designation preferred
  • Minimum 10 years applicable post-graduate experience, ideally in manufacturing, or petrochemicals environment with project controls experience.
  • Experience analyzing financial statements, modelling financial scenarios, and making financial projections.
  • Sound knowledge of accounting principles and standards, particularly International Financial Reporting Standards (IFRS) and financial statement preparation
  • Excellent financial, analytical, research, and communication skills; ability to question results and not accept information at face value
  • Possess the aptitude to run and use specific systems such as Peoplesoft Financials
  • Strong working knowledge of financial systems/applications, excellent Excel skills in data compilation and aggregation (i.e., pivot tables, VLOOKUP)

 

Competencies

  • Customer-focused; dedicated to exceeding the expectations of internal and external customers
  • Sound judgment with a demonstrated ability to make valuable decisions based on a mixture of analysis, wisdom, and experience
  • Results-driven with a demonstrated ability to consistently exceed identified goals and foster the accomplishment of results both by oneself and others
  • Strong ability to develop and maintain positive peer relationships, including strong team collaboration skills
  • Personal commitment to ongoing self-development
  • Demonstrated respect and sensitivity to cultural differences, including an appreciation for different value sets and cultural norms
  • Strong prioritization, planning, and time management skills demonstrated through a consistent ability to meet tight reporting deadlines
  • Comfortable with ambiguity including the ability to effectively respond to shifting priorities
  • Ability to deal with highly complex and sensitive matters in a professional manner
  • Superior written and verbal communication, presentation, and listening skills
  • Consistent ability to think and act in a systematic and analytical manner
  • Demonstrated leadership skills in managing projects, leading teams, and providing guidance to junior team members
  • Ability to identify and address issues quickly and directly, including the ability to provide specific and actionable positive and constructive feedback to others
  • Analytical thinker with the ability to recognize inconsistencies
  • Ability to independently manage complicated issues, with guidance required in only the most complex situations
  • Proactive in identifying and implementing improvements and efficiencies

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    At Methanex, we believe that having a diverse team and an inclusive workplace creates a better culture, better decisions and a better company. We are committed to a diverse organization that values different perspectives, backgrounds, skills and abilities. As an equal opportunity employer, we encourage applications from all qualified individuals.