SENIOR FINANCIAL ANALYST

at  City of Toronto

Job ID: 51815
Job Category: Finance, Accounting & Purchasing
Division & Section: Housing Secretariat, Finance & Business Services
Work Location: Metro Hall, 55 John Street Toronto Ontario
Job Type & Duration: Full-time, Permanent Vacancy
Salary: $102,155 to $135,815
Shift Information: Monday to Friday, 35 hours per week
Affiliation: Non-Union
Number of Positions Open: 1
Posting Period: 22-Jan-2025 to 5-Feb-2025

JOB SUMMARY:

Reporting to the Manager, Finance & Business Services, the Senior Financial Analyst is responsible for coordinating a full range of financial services in the Housing Secretariat’s Unit-Development Accounting & Reporting, including variance analysis and reporting, budgeting, and contributes to other specialized reports and establishing and maintaining cooperative and effective professional relationships with management and staff.

ACTIVELY CONTRIBUTE TO FINANCIAL OVERSIGHT AND ANALYSIS REQUIREMENTS:

• Complete financial analyses and make recommendations to management including cost/benefit analyses, assessments of traditional and non-traditional financing arrangements and review of business cases;
• Build an in-depth knowledge of program guidelines of federal and provincial funding sources and provide recommendations on appropriate program funding and reporting models
• Complete financial research and analysis and participate in policy formulation;
• Review and assess risk management activities, processes and trends and make recommendations to ensure that risks to the City are minimized;
• Develop, document and implement effective business processes;
• Monitor operations for opportunities for improvement and maximization of use of resources

KEY QUALIFICATIONS:

• Degree in Accounting, Business or Finance, completed accounting designation (CPA), or the equivalent combination of education and experience.
• Extensive experience in the development of operating and capital budgets within a large private or public sector organization.
• Extensive experience in budgeting, accounting, internal control techniques, costing and financial analysis, and/or analysis and interpretation of data, coupled with strong analytical and organizational skills.
• Experience with computer software such as Excel, word PowerPoint, automated accounting systems and/or Business Intelligence Tools (e.g. Excel PowerPivot, PowerQuery, Tableau, SAP Analytics Cloud), and/or health care information and management software systems, such as Quatro, PointClickCare and Gold Care.
• Experience in providing supervision and work direction, training, guidance and support to staff.
• Experience with project management including definition of project purpose and objectives, defining and achieving milestones and deliverables, monitoring and tracking progress and managing communication and reporting requirements.
• Strong communication (written & verbal) and facilitation skills to covey information.
• Excellent interpersonal skills with the ability to establish and maintain effective working relationships with the public and staff and to be able to relate to people in an objective and empathetic manner.
• Must be able to work independently in a dynamic, complex environment, working with a quality improvement focus.
• Ability to handle confidential and sensitive information with discretion and tact.

The following would be an asset for this role:
Extensive experience with preparing analyses of financial, operational, clinical and quality measures.

• Oversees the preparation, analysis, implementation and monitoring of the unit’s capital budget following both corporate budgetary guidelines and relevant accounting principles and practices.
• Monitors, controls, and provides analytical support in budget development, expenditures, revenues, and management of budgets throughout the year by organizing the collection and interpretation of appropriate data on expenditures and revenues.
• Performs analysis and investigation of budget variances including both high level and activity level analysis of expenditures, revenues, and other performance measures; forecasts expenditure and revenue patterns; highlights to management relevant financial issues with strategic and operational impacts; and recommends options towards resolution of issues.
• Contributes to the preparation of briefing notes, specialized reports and staff reports for the City Council and its various committees for financial implications.
• Establishes credible professional relationships with service areas and program managers, which enable the delivery of value-added strategic and financial advice to programs in regard to their services, budgets, operations, or core businesses.
• Ensures decisions respecting budgetary changes are properly documented and that approved estimates and in-year adjustments are reflected in the corporate financial system and SAP.
• Participates in special projects, where required, such as performing research on assigned subject matter and contributing toward writing capital-related reports and/or briefing notes