FINANCIAL ANALYST REV SVCS

at  City of Toronto

Job ID: 48872
Job Category: Finance, Accounting & Purchasing
Division & Section: Revenue Services, RevSvcs Revenue Accounting & Collections
Work Location: NORTH YORK CIVIC CENTRE, 5100 Yonge St, North York
Job Type & Duration: Full-time, 1 Permanent, 1 Temporary (12 month) vacancy
Hourly Rate and Wage Grade: $48.49 - $53.14, TFS341, wage grade 15.
Shift Information: 35 hrs per week
Affiliation: L79 Full-time
Number of Positions Open: 2
Posting Period: 16-Sep-2024 to 30-Sep-2024

YOUR APPLICATION MUST DESCRIBE YOUR QUALIFICATIONS AS THEY RELATE TO:

• Completion of a professional accounting designation (i.e. CPA, CA, CMA or CGA) and/or equivalent combination of education and experience in the accounting/financial management field in a large public or private organization.
• Experience in the preparation of financial, budget and variance analysis.
• Experience in reviewing the effectiveness of financial and internal controls.
• Extensive experience with computer-based accounting systems (i.e. SAP), MS office products (i.e. Access, PowerPoint, Excel and Word), project management tools/applications (i.e. MS Project) and corporate database report writing tools (i.e. InfoMaker, Crystal).

Reporting to the Supervisor, Operational Accounting & Financial Reporting, this position is responsible for assisting in the overall financial management of the division through research, financial analysis, non-program budget preparation, variance analysis/reporting, review of divisional processes/procedures, risk assessments, enhancing and developing financial and internal controls, and other support.

• Evaluates alternatives, develops business cases and provides appropriate cost/benefit and financial analysis/advice on various financial issues impacting the division
• Participates in the development and implementation of new business processes for new corporate revenue streams
• Reviews divisional policies, processes, procedures and systems; evaluates exposure to risk; reports findings; and recommends and/or develops improved/enhanced internal controls
• Monitors and evaluates the effectiveness of cash handling procedures on a regular basis; reports findings; recommends and participates in the implementation of improved procedures
• Participates in the preparation of the Division’s non-program revenue and expenditure budgets (e.g. Property and other taxes, Utility charges and Parking Tags)
• Conducts detailed analysis and appropriate follow up of issues and recommends needed corrective action in regard to non-program variance reporting, budgeting, and/or financial control for the division
• Prepares financial reports/briefing notes/correspondence for the Senior Management Team and/or Council on non-program budgetary issues, internal control issues, BIA issues, PIL and other related divisional initiatives as required
• Represents the division at BIA Annual General Meetings, Economic Development (BIA Budget) information presentations/seminars, TABIA meetings, and meetings with individual BIA organizations
• Participates in the calculation, preparation, and presentation of Business Improvement Area levies and By-laws to City Council
• Provides input in the calculation of the tax and utility rates
• Participates in the Division’s tax, utility and tag related year-end closing and reporting activities, including the analysis and preparation of year-end financial statements, reports and adjustments, in compliance with year-end accounting deadlines
• Balances, accounts for revenues, fees and HST; and prepares financial reports/statements relating to various revenue streams
• Provides financial information and disbursements to BIA’s and the 4 school boards as legislatively required
• Develops and assists in the implementation of financial models and assesses the financial impact various divisional policies have on Tax, Utility and Parking Tag receivables/revenues, reports findings, and makes recommendation for improved policies/procedures
• Participates/coordinates studies for specific programs and/or divisional projects; coordinates the work, delegates tasks and responsibilities to staff assigned to the specific projects
• Prepares year-end accrual & calculates provisions for bad debt for various revenue streams
• Participates in the reconciliation of PIL accounts; liaising with the Payment Programs Unit, in an effort to formulate adequate provisions, and formalize write off recommendations to Council on a timely basis
• Participates in the development, review and monitoring of effective performance measurements for the unit. Conducts benchmarking across sectors as required
• Identifies system problems/issues, recommends improvements/enhancements, tests system modifications, advises Supervisor of test results and assists with implementation
• Responds to inquiries or other issues escalated beyond the scope of front-line staff, ensuring a prompt, courteous reply, including appropriate action and follow up
• Liaises with City divisions (including Legal, Accounting, Economic Development, Budgets, Toronto Water, Solid Waste, etc.), provincial governments, MPAC, school boards, other municipalities, and external organizations (e.g. Teranet) as required
• Participates in staff training and development