Senior Financial Analyst, Finance Operations

POSITION: Senior Financial Analyst, Finance Operations

ORGANIZATION:

Mastercard Foundation Asset Management

LOCATION:

Toronto, Ontario, Canada

TYPE: Full time (3-4 days onsite per week)

VACANCY

: New position

Be part of a new and growing asset management company

ABOUT MASTERCARD FOUNDATION ASSET MANAGEMENT

Established in 2023, the Mastercard Foundation Asset Management (MFAM) Corporation was created to build a diversified investment portfolio for the Mastercard Foundation, one of the largest public foundations in the world. MFAM is headquartered in Toronto, Canada. We have a global investment strategy and mandate to deliver long term returns that will fund the philanthropic mission of the Mastercard Foundation and its partners in Africa and Canada.

We believe in the mission and values of the Mastercard Foundation and aim to cultivate an ecosystem of exceptional people, trusted partnerships, and long-term investments to achieve lasting impact. We value bold ideas, curiosity, and tenacity, as part of nimble, creative, and meritocracy-based team.

ABOUT MASTERCARD FOUNDATION

Mastercard Foundation, one of the largest foundations in the world, works with visionary organizations to advance education and financial inclusion to enable young people in Africa and Indigenous youth in Canada to access dignified and fulfilling work. Established in 2006 through the generosity of Mastercard when it became a public company, the Mastercard Foundation is an independent organization separate from Mastercard. The Foundation has offices in Toronto, Kigali, Accra, Nairobi, Kampala, Lagos, Dakar, and Addis Ababa.

WHO YOU’LL WORK WITH

You will report to the Director, Finance and Operations and will build and maintain relationships with teams across MFAM, the Mastercard Foundation, external consultants and vendors. As a member of the team, you will have opportunities to grow and develop and create meaningful value and lasting impact through the Mastercard Foundation.

WHAT YOU’LL DO

This is a unique opportunity to help build and shape a world-class finance function within a growing asset management company that directly supports one of the largest private foundations in the world. In this role, you will have breadth, combining accounting and operational experience and be responsible for monthly accounting, payroll, payments and financial planning.

Accountabilities include and may not be limited to:

• Support monthly accounting, month end close, and reporting

• Prepare, and support the assessment and evaluation of budget and forecasts helping to drive cost analytics and variance analyses

• Become a business advisor and expert on people operations including payroll, incentive calculations and incentive management, and benefits helping to drive insights and analytics for forecasting and budgeting

• Support the monthly payments process, becoming a subject matter expert for all costs of MFAM

• Advise functional teams on management of costs and payments instilling a culture of cost consciousness in the organization and a system of internal controls

• Collaborate with various functional teams across MFAM to prepare and manage budgets and forecasts

WHAT YOU’LL NEED

• 4 – 6 years of progressive experience in accounting, financial planning and analysis, or finance operations

• CPA designation or working towards is preferred

• Strong working knowledge of payroll and benefits processes is preferred

• Experience in asset or investment management is an asset

• Expertise in servicing, collaborating and managing the expectations of front office investment team members as well as managing cross-functional teams is an asset

• Experience driving process improvements and applying frameworks such as Lean or similar

• A collaborative and adaptable mindset

• Enthusiasm for being a key player in a start-up environment, embracing hands-on execution, contributing beyond assigned responsibilities, and adapting to evolving roles and expectations.

• Alignment with the mission and values of MFAM and the Mastercard Foundation.

WHY WORK AT MFAM

• Mission-driven organization supporting impact across Africa and Indigenous communities in Canada and numerous opportunities to gain experience and develop a variety of skill sets in a growing organization that contributes to the mission of the Mastercard Foundation

• Pay-for-performance environment that offers competitive salary and incentive compensation (hiring range: 110,000-125,000 CAD, inclusive of base and target incentive)

• Comprehensive employer-paid benefits

• Retirement