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Senior Process Analyst Jobs in Waterloo, ON (NOW HIRING)

Manulife

Senior Analyst/Associate

Waterloo, ON · Hybrid

CA$98K - CA$177K/yr

... senior analysts in the administration of their fixed income portfolios and reinsurance ... Contribute to and participate in a due diligence process that includes meeting with issuer ...

Deloitte

SR&ED TMT, Sr Analyst

Kitchener, ON · Hybrid

CA$68K - CA$102K/yr

As a Senior Analyst in SR&ED at Deloitte, your day is dynamic and impactful. You'll develop core ... Interest in business and industrial processes. Total Rewards The salary range for this position is ...

New

D2L

Senior Information Security Analyst

Kitchener, ON · Hybrid

As Senior Information Security Analyst at D2L, you are a key influencer and contributor to the ... Ability to engage process owners and explain security controls associated with processes * Ability ...

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All JobsProcess Analyst JobsSenior Process Analyst JobsSenior Process Analyst Jobs in Waterloo, ON

Senior Process Analyst information

See Waterloo, ON salary details

$40.6K

$86.3K

$122.6K

How much do senior process analyst jobs pay per year?

As of Aug 12, 2026, the average yearly pay for senior process analyst in Waterloo, ON is $86,289.00, according to ZipRecruiter salary data. Most workers in this role earn between $55,009.00 and $105,823.00 per year, depending on experience, location, and employer.

What are some common challenges a senior process analyst may face when implementing process improvements across departments?

A Senior Process Analyst often encounters challenges such as resistance to change from stakeholders, difficulty in aligning diverse departmental goals, and navigating complex organizational structures. Successful analysts use strong communication and facilitation skills to build consensus and ensure everyone understands the benefits of the proposed changes. They also rely on data-driven analysis to demonstrate value and work closely with cross-functional teams to monitor progress and adjust strategies as needed.

What is the difference between Senior Process Analyst vs Process Analyst?

AspectSenior Process AnalystProcess Analyst
Required CredentialsBachelor's degree, often certifications like Six Sigma or LeanBachelor's degree, similar certifications often preferred
Work EnvironmentSenior-level projects, leadership roles, cross-department collaborationOperational tasks, data analysis, process documentation
Employer & Industry UsageUsed in manufacturing, finance, healthcare, and consulting firmsCommon across same industries, entry to mid-level roles

The main difference between a Senior Process Analyst and a Process Analyst lies in experience, scope of responsibilities, and leadership roles. Senior Process Analysts typically handle more complex projects, mentor junior staff, and contribute to strategic improvements, whereas Process Analysts focus on data collection, process mapping, and supporting operational tasks. Both roles are vital in process improvement initiatives across various industries.

What does a senior process analyst do?

A Senior Process Analyst is responsible for evaluating, designing, and improving business processes within an organization. They analyze workflows, identify inefficiencies, and recommend solutions to enhance productivity and reduce costs. Senior Process Analysts often work with cross-functional teams to implement changes, monitor outcomes, and ensure processes align with organizational goals. Their expertise contributes to continuous improvement and operational excellence.

What are the key skills and qualifications needed to thrive as a senior process analyst, and why are they important?

To thrive as a Senior Process Analyst, you need strong analytical skills, process mapping expertise, and a background in business administration or industrial engineering. Experience with Lean Six Sigma methodologies, process modeling software (such as Visio or ARIS), and relevant certifications like Six Sigma Green Belt are highly valued. Exceptional communication, problem-solving, and stakeholder management skills enable you to drive process improvements and gain buy-in across departments. These capabilities are vital to optimize workflows, increase efficiency, and support organizational change initiatives.
What cities near Waterloo, ON are hiring for Senior Process Analyst jobs? Cities near Waterloo, ON with the most Senior Process Analyst job openings:
Senior Process Analyst jobs near you
Infographic showing various Senior Process Analyst job openings in Waterloo, ON as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, 1% Temporary, 3% Contract, and 1% Nights. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution, with an average salary of $86,289 per year, or $41.5 per hour.

Senior Analyst/Associate

Manulife

Waterloo, ON • Hybrid

CA$98K - CA$177K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

Job description

The successful candidate will be responsible for supporting the Financial Institutions Team's most senior analysts in the administration of their fixed income portfolios and reinsurance counterparties. Specific responsibilities will include writing annual reviews of portfolio investments, preparing sector reviews, updating financial results, reviewing company publications and third-party research, meeting with management teams, rating agencies and sell-side professionals. The successful candidate must demonstrate an ability to perform the following functions or the capacity to attain proficiency in them after entering the position. Occasional travel may be required.

Position Responsibilities:

Investment & Reinsurance Counterparty Administration

  • Identify and analyze company-specific and industry-wide investment risks.

  • Develop a framework for developing credit ratings and rating tolerances.

  • Translate investment risks into a credit rating.

  • Become familiar with deal-specific and industry-standard documentation.

  • Attend management presentations and actively participate in discussions on company strategy and performance where appropriate.

  • Interface and build relationships with sell-side and third-party research analysts.

  • Prepare comprehensive written reviews of individual investments which include annual reviews and sector reviews.

  • Communicate changes in investment risk across the investment team and broader investment management complex on a timely basis.

  • Support the company's reinsurance coverage program by reviewing new counterparty applications and preparing assessment reports for existing counterparties, including addendums, certifications, annual and sector reviews, and quarterly loan reviews.

  • Serve as a key reinsurance liaison among business units, offshore teams, Credit Risk Management, and other relevant stakeholders to facilitate effective communication and coordination.

New Investment Opportunities

  • Contribute to efforts in researching markets, companies and industries for identifying new investment opportunities.

  • Contribute to and participate in a due diligence process that includes meeting with issuer management and the development of documentation.

  • Contribute to the preparation of investment memoranda in support of investment recommendations.

  • Interface with Credit, Trading and Portfolio Management for your portfolio companies, and serve as a backup analyst in the absence of the primary analyst.

Corporate Outreach

  • Attend and represent MFC/JH at conferences, roadshows and management meetings.

  • Contribute to junior analysts and intern recruitment efforts.

Required Qualifications:

  • 1-3 years of relevant experience, preferably with Financial Institutions experience in the banking and insurance sectors.

  • A bachelor's degree in finance, business, accounting, or economics.

  • Well-developed quantitative and qualitative analytical skills.

  • Strong accounting and financial statement analysis skills.

  • Highly developed written and verbal presentation skills.

  • Competency in office software.

  • Ability to think outside the box.

  • Collaborative and highly engaged team player.

  • Pursuing or planning to pursue the CPA, CFA designation or an MBA.

When you join our team:

  • We'll empower you to learn and grow the career you want.

  • We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

  • As part of our global team, we'll support you in shaping the future you want to see.

If you are applying to this role in Massachusetts, please note the salary range is $98,500- $177,000 USD. Additionally, employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.


#LI-Hybrid

The role being advertised is an existing vacancy.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact hr@manulife.com.

Referenced Salary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$94,250.00 CAD - $144,250.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact hr@manulife.com for the salary range for your location.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact hr@manulife.com for more information about U.S.-specific paid time off provisions.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.

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