Our Ability Jobs

FINANCIAL ANALYST

Job ID: 50143

• Job Category: Finance, Accounting & Purchasing

• Division & Section: Policy, Planning, Finance & Admin, PPF&A Financial Management

• Work Location: Metro Hall, 55 John Street, Toronto, ON

• Job Type & Duration: Full-time, PermanentVacancy

• Hourly Rate and Wage Grade: $45.98 to $50.40, TF0351, Wage Grade14

• Shift Information: Monday to Friday, 35 hours perweek

• Affiliation: L79 Full-time

• Qualified List: Candidate List will be established. For applicability and duration, see below.

• Number of Positions Open: 1

• Posting Period: 30-SEP-2024 to 11-OCT-2024

Job Description:

To provide an overall revenue, financial and accounting service to assigned divisions through research, financial analysis, budget preparation, variance analysis, review of divisional processes/procedures, risk assessments, enhancing and developing financial and internal controls, monitoring corporate accounting policy initiatives and

othersupport

Major Responsibilities:

• Conducts research, evaluates alternatives, develops business cases and provides appropriate cost/benefit and financial analysis on various financial accounting issues impacting the Division.

• Conducts detailed analysis, variance analysis and appropriate follow up of financial accounting issues and recommends needed corrective action in regard to revenues, expenditures and commitments

• Reviews alldivisional andcorporatepolicies,processes andprocedures andfinancial information systems;evaluates risk exposure; reports findings to Supervisor and Manager; and develops and/or recommends improved/enhanced internal controls.

• Prepares comprehensive financial reports/briefing notes/correspondenceand other analyses as requestedby the Supervisor/Manager for Senior Management Team and/or Council on financial accounting and variance reporting issues, including contract usage reports.

• Preparation of staff reports/briefing notes/documents, including research and analysis, to support and establish procurement protocols for award of contracts, amendment of contracts and any requirements for contract management.

• Monitors and evaluates the effectiveness of revenues, payables and purchasing processes on a regular basis; reports findings to Supervisor and Manager; recommends and participates in the implementation of improved procedures.

• Participates in studies or initiatives from program, identifies financial risk areas, makes recommendations and helps in the implementation of initiatives.

• Participates on project teams/ad-hoc committees as the financial representative and provides a financial perspective that can affect any decisions or recommendations made.

• Provides sound advice, guidance and analytical services regarding procurement, accounting and budget issues to divisional staff.

• Assists the Manager and the Supervisor in the performance of their work including ad-hocanalysis.

• Ensures Divisional compliance with Cluster/Corporate financial policies and procedures, with focus on the City's Purchasing By-laws, policies and procedures.

• Establishes andmaintains aneffective program forfinancial controlofvarious services, serviceelementsand activities.

• Performs detailed analysis of the general ledger and prepares adjusting journal entries, if and whenrequired

• Coordinates and/or provides work direction and/or performs backup coverage to support other teammembers.

Key Qualifications:

Your application must describe your qualifications as they relate to:

1. Completion of a professional accounting designation (e.g. CPA) or a Bachelor's Degree in Business/Commerce or the equivalent combination of education and/or experience.

2. Extensive work experience at a senior level in accounting, cost analysis, accounts reconciliation, contract administration, cost control and budgeting in an operating environment.

3. Extensive experience working with SAP or an equivalent financial information system

4. Extensive experience utilizing Microsoft Excel and Power Point (or similar applications) to create and run macros, analyze data and develop presentations as they relate to financial analysis.

5. Experience providing effective work direction and/or training to staff.

You must also have:

• Extensive knowledge of accounting principles and techniques, policies, procedures, maintenance of general and subsidiary ledgers, deployment of control accounts, reconciliation of accounts,Public Sector Accounting Standardsand Generally Accepted Accounting Practices (GAAP).

• Highly skilled in extracting, organizing & analyzing large amounts of data from corporate systems, for the purpose of transforming the data into information for management decision making.

• Ability to interpret, understand and implement complex procedures and agreements and to initiate innovative ideas.

• Ability to communicate clearly and effectively, both orally and in writing,with all levels of staff and with externalclients.

• Demonstrated ability to lead, motivate, coach and work harmoniously inteams.

• Highly developed analytical, conflict resolution, problem solving and presentationskills.

• Knowledge of the principles and practices used in the effective application of financial analysis of government operations.

• Ability totake initiative,work overtime whenrequired and work in deadline driven department.

Equity, Diversity and Inclusion

The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the diverse residents that we serve. Learn more about the City’s commitment toemployment equity (https://jobs.toronto.ca/jobsatcity/content/Hiring-Policies-and-Statements/?locale=en_US) .

Accommodation

The City of Toronto is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs. Disability-related accommodation during the application process is available upon request . Learn more about the City’sHiring Policies and Accommodation Process (https://jobs.toronto.ca/jobsatcity/content/Hiring-Policies-and-Statements/?locale=en_US) .