Subcontractor Default Insurance (SDI) Financial Analyst

Transforming visions into buildings.

About Buttcon

Buttcon is proud to be a 100% employee-owned COR certified, leading Canadian General Contractor with projects from coast to coast. As a leader in the construction industry, we deliver quality services in ICI and multi-unit residential construction with a focus on off-site construction and sustainability. We utilize innovative technologies that ensure our projects are completed above expectations. As a company, we are committed to working safely and provide exceptional value in our progressive practices and processes. We believe that active listening, the power of a team, building for the long-term, taking action, and sharing success are the keys to a successful future.

We care about the work we do, the people we work with and making a difference through our work. We strive to provide opportunities for growth and development that empower our people. Our values of Safety, Accountability, Honesty and Integrity, Quality, Entrepreneurial Spirit, and being People-focused, are rooted in our culture and are essential in what we do. Our employees contribute to Buttcon’s success because of their knowledge and dedication to their passion.

If you share our passion for construction, we would like you to be part of our team.

Subcontractor Default Insurance (SDI) Financial Analyst

Position Description:

Be a part of one of Canada’s top construction companies, with successful growth each year. Our project experience is diverse and has established Buttcon as the construction partner of choice for our clients. To be a part of the Buttcon Team means you will have the opportunity to be innovative, entrepreneurial and instill safety and quality into everything you do. Buttcon is looking for individuals that have that entrepreneurial spirit, who are accountable, take responsibility and care about our company, our team, and our clients. Together we will help you by providing a challenging career in the construction industry.

We are currently looking for a highly skilled, caring, and safety focused individual for our team.

Buttcon is seeking a qualified financial professional for the position of Subcontractor Default Insurance (SDI) Financial Analyst. As SDI Financial Analyst, you will be responsible for administrating the development and implementation of the subcontractor prequalification process and advancing Buttcon’s Subtrade Default Insurance (SDI) program. This position is essential in supporting our SDI program and ensuring compliance across our subcontractor partnerships.

Reporting to the Director, Risk Management and working closely with the finance department and company Controller, the SDI Financial Analyst will act as the primary contact for the SDI prequalification software, undertake subtrade pre-qualification process and compliance, conduct financial evaluations including consolidating and analyzing financial data to assess risks using established formulas, carry out periodic audits, verify and report on compliance across trade partners, collaborate with various departments and effectively communicate Subcontractor assessments. Primary focus will be on evaluating the financial stability of trade partners and ensuring compliance with established standards.

Responsibilities

• Serve as the primary point of contact for Buttcon's SDI prequalification program.


• Subcontractor engagement including outreach to subcontractors for financial statement collection and pre-qualification required documentation.


• Conduct comprehensive financial reviews of subcontractors to ensure compliance with company prequalification requirements and established formulas. This includes analyzing financial performance through statements and ratios, as well as monitoring the qualification status of subtrade partners.


• Perform audits of financial performance on an annual and periodic basis. Report on findings as required.


• Roll out the subcontractor prequalification process and enrollment, ensuring alignment with the SDI program's objectives and established standards.


• Administer the prequalification software, acting as the main point of contact for system-related inquiries and with the provider.


• Standardize and enhance processes to optimize the new prequalification software and streamline outreach for subcontractor submissions as it relates to use of the system.


• If required, assist with SDI claims by ensuring proper documentation for claim recovery.


• Generate regular reports (monthly, quarterly, annually) on key metrics, trends, statuses, and action items, including but not limited to, program and subcontractor statuses, program outcomes, trade assessments, and recommended opportunities for improvement.


• Contribute to department and organization special projects as assigned.


• Enter data into spreadsheets and/or system tools.


• Manage the subcontractor database and associated data, including creating templates (e.g., letters and checklists) and updating policies and procedures to align with the SDI program as needed.


• Transcribe, interpret, and verify data for correctness.


• Assist with training and the implementation of the SDI (Subtrade Default Insurance) program.


• Perform additional duties as assigned.

Skills And Attributes

• Excellent communication and interpersonal skills.


• Proven ability to diagnose, analyze and develop solutions to complex issues.


• Analytical and strong problem-solving ability.


• Strong attention to detail.


• Proven ability to read and interpret financial statements and key financial metrics/ratios.


• Proactive, self-motivated, organized, and able to work independently.

Qualifications

• Bachelor’s degree in accounting or finance.


• 3-5 years of experience, with CPA designation or equivalent experience.


• Knowledge of the construction industry and SDI preferred.


• Experience in auditing, or underwriting, is an asset.


• Must have a strong understanding of key accounting ratios such as: working capital, liquidity, debt-to-equity, etc.


• Must be highly skilled in Microsoft Office Suite, especially Excel.


• Experience with Compass prequalification software is an asset.

Here's What You'll Love

• The opportunity to work with a growing company that works on diverse projects while using advanced software technology


• Career development and training tailored to you


• A work environment that cares about their employees and is inclusive and welcoming to all


• A hybrid work schedule


• Competitive benefit plan

Interested candidates are to apply through the below website:

https://buttcon.bamboohr.com/careers

While we thank all applicants, only those under consideration for the position will be contacted. Buttcon Limited is an equal opportunity employer that proudly recognizes the value of a diverse workforce. Accommodations are available on request for applicants with disabilities taking part in the recruitment and selection process. Any information obtained during the course of recruitment will be used for employment purposes only and not for any other purpose.