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Entry Level Forecasting Analyst Jobs in Toronto, ON

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Entry Level Forecasting Analyst information

See Toronto, ON salary details

$20.5K

$57.2K

$109.7K

How much do entry level forecasting analyst jobs pay per year?

As of Aug 3, 2026, the average yearly pay for entry level forecasting analyst in Toronto, ON is $57,245.00, according to ZipRecruiter salary data. Most workers in this role earn between $38,173.00 and $69,666.00 per year, depending on experience, location, and employer.

What are some common challenges faced by entry level forecasting analysts, and how can new hires overcome them?

Entry level forecasting analysts often face challenges such as interpreting large datasets, understanding various forecasting models, and communicating complex findings to non-technical stakeholders. New hires can overcome these obstacles by actively seeking mentorship from experienced colleagues, participating in training sessions, and leveraging analytical tools to streamline their workflow. Building strong collaboration with team members in finance, operations, and sales also helps ensure forecasts are accurate and actionable.

What are the key skills and qualifications needed to thrive as an Entry Level Forecasting Analyst, and why are they important?

To thrive as an Entry Level Forecasting Analyst, you need strong analytical skills, a solid understanding of statistics, and a bachelor's degree in a quantitative field such as mathematics, economics, or data science. Familiarity with forecasting software, Excel, and data visualization tools like Tableau or Power BI is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for interpreting data and sharing insights with stakeholders. These skills and qualities are important because they enable accurate predictions, informed decision-making, and clear communication of complex data findings.

What does a forecasting analyst do?

A forecasting analyst analyzes data to predict future trends and outcomes, often using statistical models and software tools like Excel or specialized forecasting programs. They help organizations make informed decisions related to sales, inventory, or financial planning by interpreting historical data and identifying patterns.

Will demand planners be replaced by AI?

Demand planners, including entry-level forecasting analysts, use data analysis and forecasting tools to predict future demand. While AI can automate routine tasks and improve accuracy, human judgment remains essential for interpreting complex data and making strategic decisions, so complete replacement is unlikely in the near term.

What job is most in demand right now?

Entry Level Forecasting Analysts are in demand as companies seek professionals skilled in data analysis, statistical modeling, and forecasting tools like Excel and Python. These roles are common in finance, supply chain, and marketing sectors, often requiring strong analytical skills and attention to detail.

What does an Entry Level Forecasting Analyst do?

An Entry Level Forecasting Analyst is responsible for analyzing data to predict future trends, such as sales, demand, or financial outcomes, to help organizations make informed business decisions. They use statistical models, data analysis tools, and historical information to develop accurate forecasts. These analysts often work closely with other departments to gather data, interpret results, and present findings in clear reports or presentations. This role typically serves as a starting point for a career in data analysis, business intelligence, or supply chain management.

How to become a forecast analyst?

To become a forecast analyst, typically a bachelor's degree in finance, economics, statistics, or a related field is required. Developing skills in data analysis, forecasting methods, and tools like Excel, SQL, or specialized software is essential, along with gaining experience through internships or entry-level positions in data analysis or finance.

What is the difference between Entry Level Forecasting Analyst vs Data Analyst?

AspectEntry Level Forecasting AnalystData Analyst
Required CredentialsBachelor's in Economics, Finance, or related field; basic Excel and statistical skillsBachelor's in Statistics, Mathematics, or related field; proficiency in Excel, SQL, and data visualization tools
Work EnvironmentFinancial, retail, or manufacturing sectors focusing on sales, demand, or financial forecastingVarious industries including healthcare, marketing, finance, analyzing data trends and insights
Employer & Industry UsageUsed by companies needing demand predictions and financial planningUsed across industries for data analysis, reporting, and decision support

While both roles involve data analysis skills, the Entry Level Forecasting Analyst primarily focuses on predicting future trends using statistical models, often within finance or retail sectors. In contrast, Data Analysts handle broader data interpretation and reporting across various industries. The roles share foundational skills but differ in their specific focus and application.

What is the salary of forecasting analyst?

The average salary for an entry-level forecasting analyst at Amazon typically ranges from $55,000 to $75,000 annually, depending on location and experience. Salaries may also include benefits such as health insurance and performance bonuses, and the role often requires proficiency in data analysis tools like Excel, SQL, or Python.
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Entry Level Forecasting Analyst jobs near you

Financial Analyst I

Brookfield Global Integrated Solutions (BGIS)

Markham, ON

CA$54K - CA$67K/yr

Full-time

Re-posted 5 days ago

Job description

SUMMARY

The Financial Analyst I provides standard transactional support for a process within an accounting cycle, can communicate with concerned parties pertaining to transactions and provides support/input for analysis.

KEY DUTIES & RESPONSIBILITIES

Accounting
    Provides standard transactional support for a process within an Accounting cycle or client account / product line
    Ability to complete and resolve assigned basic account reconciliations independently.
    Identifies issues or discrepancies in basic transactional accounting.


Accounting Policy
    Understand GAAP requirements relevant to the financial cycle or portfolio supported


Audit Support and Controls
    Basic understanding of audit and internal control requirements
    Maintains accurate and complete records for audits
    Gathers audit support data upon request


Financial Systems
    Entry level knowledge of current accounting systems 
    Proficient with MS Office suite of software including Excel
    Basic understanding of the interactions between financial systems related to the portfolio supported
    Able to work with IT and operational teams on basic system setups


Planning/Forecasting
    Simple data extracts to support the preparation of forecasts
    Provides relevant trending analysis to support the preparation of forecasts


Analysis
    Responds to internal requests for  ad hoc analysis with guidance from senior team members


Reporting
    Support preparation of internal reports
    Support preparation of labour and payroll related reports
    Provides support/input into basic business cases


Scope/Complexity
    Single, high volume or multiple, low volume portfolios
    With standard transactions


Interaction with Concerned parties
    Some Concerned parties interaction with transactional level data
    Generate routine transactional data to support operational decision making

Financial Management/Contract Interpretation
    Awareness of financial obligations of portfolio
    Supports delivery of contract/portfolio deliverables of a financial nature in a timely and efficient manner, in areas of less complexity


Process Adherence / Implementation
    Understand basic business processes, ensures compliance and appropriate documentation


Problem Solving
    Identification of basic issues or discrepancies


Technical and Business Knowledge
    Has demonstrated a curiosity for the industry and business which they support.
    Has made initial connections with operational counterparts in support of transactional processes.
 

KNOWLEDGE & SKILLS

  • College/University graduation or professional certification (e.g., CPA, CMA, CGA or equivalent courses)
  • Minimum of 1 to 3 years of related experience.
  • Ability to prepare month end journal entries to support proper transaction reporting
  • Basic understanding of the interactions between sub ledger and general ledger
  • Understanding of audit requirements
  • Ability to identify issues or discrepancies in basic transactional accounting
  • Ability to communicate processes and procedures within the team and to internal customers
  • Ability to prepare basic memos and provide basic variance explanations.
  • Entry level knowledge of current accounting systems and MS Office suite of software

Licenses and/or Professional Accreditation

  • Registered in an Accounting designation program (CGA, CMA)

This is a regular, full-time position with a salary range of $54,185 - $67,732 per annum. The starting salary will be based on the successful candidate's competencies, including but not limited to experience, education and performance related to this role. 

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