Senior Financial Analyst

JobsCloseBy Editorial Insights

Banyan Software seeks a Senior Financial Analyst for an on-site Toronto role to partner with operating and finance teams across a growing software portfolio, handling US GAAP reporting, revenue recognition, budgeting, KPI analysis, and M&A integration. The ideal candidate has 3+ years in finance, a degree in business, accounting, or finance, and ideally an accounting designation, plus solid GAAP knowledge and NetSuite experience. The base salary is CAD 85,000 to 105,000 and excludes annual bonus and equity. To apply, tailor your resume to quantify improvements in financial reporting, budgeting discipline, and integration support, spotlight cross-functional collaboration and an entrepreneurial mindset, and use official Banyan channels to apply.

Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. We are on a mission to acquire, build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical markets. In recent years, Banyan was named the #1 fastest-growing private software company in the US on the Inc. 5000 and amongst the top 10 fastest-growing companies by the Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.

This is an exciting and entrepreneurial opportunity to join a fast-paced software consolidator with a very significant growth trajectory. The Senior Financial Analyst will report to the Finance Manager or designate. This role will focus on partnering with operating and finance colleagues to support growing high-quality software businesses owned by Banyan Software. The position is ideal for an individual that has the interest and aptitude to be involved in all aspects of finance operations, including revenue recognition, accounts payables and expenses, cash management, financial reporting, and analysis, as well as systems. This finance group also aims to play a “value added” role by leveraging financial and other data to drive shareholder value.

Job Responsibilities:

• Prepare timely and accurate US GAAP financial statements, board reporting, budgets, and KPIs of operating companies to drive growth and smart decision-making.
• Perform quality assurance on finance and accounting work product (e.g., reviewing GL postings for accuracy, monitoring revenue recognition, refining variance explanations in reporting, etc.)
• Contribute to the operational performance of operating companies through analysis of budget-to-actuals, operational revenue and expense analysis, and insights that further facilitate decision making.
• Support the operational / financial integration of acquisitions and implement financial initiatives contemplated in M&A business cases.
• Development of ad hoc reports
• Document Standard Operating Procedures (SOPs) to promote best practices and efficiency across the portfolio. 
• Provide financial advice and guidance to business as requested.

Job Requirements:

• Minimum of 3 years of experience in a finance/accounting role
•  University degree in business, accounting, or finance will be preferred.
• Accounting designation or working towards a designation preferred
• Solid working knowledge of accounting principles and practices
• Experience with NetSuite  is an asset.
• Excellent attention to detail and ability to manage multiple priorities.
• Highly motivated and energetic with interest in entrepreneurship, software, and finance

The expected base salary for this position is: CAD $85,000 - $105,000 and excludes annual bonus and equity (when applicable). Salary is based on a number of factors including market conditions, location and may vary depending on job-related skills and experience.

Banyan Software company encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Banyan Software is an equal opportunity employer and makes employment decisions without regards to race, gender, disability or protected veteran’s status.

Diversity, Equity, Inclusion & Equal Employment Opportunity at Banyan: Banyan affirms that inequality is detrimental to our Global Teams, associates, our Operating Companies, and the communities we serve. As a collective, our goal is to impact lasting change through our actions. Together, we unite for equality and equity. Banyan is committed to equal employment opportunities regardless of any protected characteristic, including race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.

Beware of Recruitment Scams

We have been made aware of individuals fraudulently posing as members of our Talent Acquisition team and extending fake job offers. These scams may involve requests for personal information or payment for equipment. 

Protect yourself by following these steps:

• Verify that all communications from our recruiting team come from an @banyansoftware.com email address.
• Remember, employers will never request payment or banking information during the hiring process.
• If you receive a suspicious message, do not respond — instead, forward it to [email protected] and/or report it to the platform where you received it.

Your safety and security are important to us. Thank you for staying vigilant.