Financial Analyst (Reporting) at The Corporation of the City of Markham

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Full Time

Start Date

Immediate

Expiry Date

21 Jan, 26

Salary

0.0

Posted On

23 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Reporting, Analysis, Forecasting, Public Sector Accounting, ERP Implementation, Policy Development, Communication, Analytical Skills, Microsoft Excel, Teamwork, Problem Solving, Attention to Detail, Time Management, Financial Compliance, Presentation Skills, Stakeholder Engagement

Industry

Government Administration

Description

The City of Markham is proud to be recognized for the 5th consecutive year as one of Canada’s Best Employers by Forbes and Statista Inc. In 2025, the City of Markham is ranked 2nd among municipalities in Canada and 12th overall for Government Services. The recipient of multiple environmental awards, we are recognized for our innovative sustainability and urban planning initiatives as well as our fiscal accountability. More than 366,000 residents call Markham home and benefit from our rich heritage, culturally diverse environment, vibrant local economy and focus on quality of life. Applications are now being accepted for the above position in the Financial Services Department, Corporate Services Commission. To apply, please submit your cover letter and resume online by October 30, 2025. Join us and make a lasting difference! JOB SUMMARY The City of Markham is seeking a highly motivated and experienced Financial Analyst with a growth mind set to join our Financial Reporting Division within the Financial Services Department. This fast-paced, high-profile position offers an exciting opportunity for an independent, creative thinker with municipal experience in financial reporting, analysis, and forecasting. As the City prepares for the implementation of a new ERP solution, this role will play a crucial part in ensuring seamless financial operations and accurate reporting during this transformative period. The Financial Analyst will be a key contributor to the integrity and accuracy of the City's financial information, with a particular focus on financial statements for the City, associated entities and compliance with Public Sector Accounting Board (PSAB) regulations. This role will involve hands-on financial reporting, analysis, and active participation in month-end, year-end, and audit processes. Furthermore, the Financial Analyst will be instrumental in the transition to the new ERP system, assisting with testing and ensuring financial reporting continuity. KEY DUTIES AND RESPONSIBILITIES Financial Reporting & Analysis * Prepare and review financial statements for associate entities, ensuring accuracy and compliance with relevant accounting standards. * Manage current and upcoming new Public Sector Accounting Board (PSAB) regulations, ensuring timely adoption and adherence in all financial reporting. * Assist in the compilation of financial statements for Government Business Enterprises (GBEs) for City owned operations and the City. * Responsible for the timely and accurate reporting of departmental and corporate operating expenses on a monthly, quarterly, and annual basis, including detailed analysis and reconciliations of general ledger accounts. * Participate actively in month-end and other accounting/record-keeping matters, including journal entries, reconciliations, and closing procedures. * Assist in the preparation of year-end comparative financial statements and supporting schedules, ensuring all necessary disclosures are included. * Work closely with the external audit team, providing all necessary critical information and supporting documentation to facilitate a smooth and efficient audit process. * Prepare and compile information for the calculation of indirect tax recoveries, actively seeking to maximize savings for the City. * Deliver timely, comprehensive, and quality management reporting, including key financial metrics and performance indicators. * Research, analyze, and make recommendations via written reports and PowerPoint presentations for special financial projects. * Provide ad hoc financial support to Business Unit Leaders across the City, responding to their specific financial information needs. ERP Implementation & Process Improvement * Assist in testing various processes for the Financial Reporting Division during the implementation of the new ERP solution, ensuring data integrity and functionality. Identify procedures and systems that can be improved within the financial reporting function, proposing and implementing solutions to enhance efficiency and accuracy. * Recommend and implement solutions to complex accounting issues, particularly those impacted by new regulations or system changes. Policy & Strategic Support * Provide financial expertise to support operating departments within the City, offering guidance on financial policies, procedures, and best practices. * Contribute to the formulation of financial policies and procedures by participating in multi-discipline projects that address the operating and financial requirements of the Corporation. REQUIRED SKILLS & COMPETENCIES * Bachelor’s degree in Accounting, Finance, or a related discipline with a minimum of five (5) years of progressive experience in financial reporting and analysis. * A professional accounting designation (CPA, CA, CMA, CGA or equivalent) is required. * Exceptional analytical skills with the ability to research and interpret complex financial issues, often involving cross-functional corporate teams. * Superior verbal and written communication skills to present findings, recommendations, and complex financial information in a clear, concise, and impactful manner. * Demonstrated ability to be a hands-on, results-oriented analyst who excels at meeting established goals and objectives within tight deadlines. * Strong consensus-building skills and the ability to influence others to achieve financial plans and challenge the organization to meet aggressive corporate financial goals. * Independent and creative thinker who can approach financial challenges from both a strategic and tactical level, depending on the business circumstance. * Highly proficient in a computerized environment, with advanced knowledge of Microsoft Excel (including advanced macro capabilities, Pivot Tables, and complex formulas), Microsoft Access, and PowerPoint. * Familiarity with financial software applications is essential; experience with ERP systems, particularly in a municipal context, is a significant asset. * May be required to work extended hours during peak financial periods (e.g., year-end, ERP go-live). CORE BEHAVIOURS * Service Excellence: Meets or exceeds service standards when interacting with customers in the community and in the organization. * Change & Innovation: Responds positively and professionally to change and helps others through change. * Teamwork & Relationship Building: Interacts with others in an inclusive, collaborative and respectful way that creates effective working relationships. * Communication: Communicates in a clear, professional and respectful way; demonstrates active listening. * Accountable & Results Oriented: Demonstrates ethical behaviour and accountability, aligns with City values, and abides by relevant policies and legislation. * Management & Leadership: Demonstrates self-management, professionalism and engagement; leads by example. The City of Markham is committed to inclusive, accessible and barrier free employment practices and to creating a workplace that reflects and supports the diversity of the community we serve. Please let us know if you require an accommodation and we will work with you to ensure a barrier free hiring process. Please respect our scent free area by not wearing scented products when visiting the office.

Responsibilities

The Financial Analyst will prepare and review financial statements, ensuring compliance with accounting standards and regulations. They will also assist in month-end, year-end, and audit processes while contributing to the implementation of a new ERP system.