Job Information
City of Toronto MANAGER FINANCIAL PLANNING in Toronto, Ontario
MANAGER FINANCIAL PLANNING
Job ID: 51509
Job Category: Finance, Accounting & Purchasing
Division & Section: Policy, Planning, Finance & Administration, PPF&A Financial Management
Work Location: City Hall, 100 QueeN Street West, Toronto, ON.
Job Type & Duration: Permanent, Full-time vacancy
Salary: $122,305.00 - $163,639.00, TM0031, Wage grade 8.0
Shift Information: Monday to Friday, 35 hours per week
Affiliation: Non-Union
Number of Positions Open: 1
Posting Period: 05-Nov-2024 to 19-Nov-2024
Job Profile:
Reporting to the Director Financial Management, the Manager Financial Planning leads the Financial Planning team in budget development, financial analysis and reporting for a diverse portfolio of programs within the Infrastructure and Development & Growth service areas. Establishing effective working relationships with partner divisions such as Toronto Water, Solid Waste Management, Transportation Services, Toronto Building and Development Review to name a few, the manager collaborates and supports the City's strategic objective of financial sustainability, through the delivery of effective and efficient financial planning services.
As a seasoned leader, the Manager Financial Planning will inspire, motivate, support and engage a group of dedicated financial planning professionals. Providing leadership and advice, the manager will coach and develop staff performance, foster an environment of continuous improvement, innovation and a commitment to equity and inclusion.
With an emphasis on customer service, and Toronto Public Service (TPS) values, the Manager will guide the financial planning section to support and advance the service area's modernization and continuous improvement priorities with oversight of related business practices, processes and internal controls.
Major Responsibilities:
Develops and implements detailed plans and recommends policies regarding program specific requirements.
Manages and coordinates the annual operating and capital budget preparation process and analysis for client Divisions within two service areas - Infrastructure Services and Development & Growth Services.
Provides support to Division heads and their senior staff at formal budget and committee meetings by directing the compilation of key financial and statistical data in anticipation of information requests from the City Manager, Chief Financial Officer and Council members.
Provides effective assistance to conduct short and long-range planning studies regarding the economic and operational impact of planned or probable changes in the City's scope, structure, functions and finances.
Effectively leads the analysis and verification of client division costs; identifies quantitative and qualitative factors inherent in the various service levels provided.
Ensures effective leadership of staff in the preparation of required data, conducting operating trend analysis, setting of objectives and evaluation of performance results.
Determines goals, objectives, financial, staff resources requirements, and performance indicators/measures for the unit.
Coordinates the preparation of monthly variance reports for client divisions within Infrastructure Services and Development & Growth Service areas, following corporate templates and directs detailed analysis of expense and revenue variances from budgets and reports on the cause of such variances.
Manages, motivates and trains unit staff, ensuring effective teamwork, communication, high standards of work quality and organizational performance, continuous learning and encourages innovation in others. Provides effective leadership, management and direction to the unit, schedule staff and assign workload, provides staff training and performance development.
Participates, leads and/or manages divisional involvement in corporate and/or Council-directed initiatives.
Oversees the preparation of accurate, timely reports, with an emphasis on standardization. Ensures consistency of budgeting and reporting procedures across client programs and compliance with corporate guidelines.
Keeps abreast of the City's strategies, priorities, policies and programs, as well as provincial legislation, to ensure alignment of budget design and delivery with strategic objectives and Council priorities.
Ensures that staff members in the unit are kept up to date to support the financial advisory role with clients.
Leads the utilization of technology in the development of budgets, forecasts and reporting.
Assist in the preparation of divisional policies and procedures.
Leads the evaluation of data ensuring that an appropriate level of reliability for use in budgets and forecasts.
Key Qualifications:
Post-secondary education in financial planning, accounting, business administration or a similar discipline or designation or comparable education and work experience.
Extensive experience with service delivery, policy development, strategic service planning, financial and performance measurement for a large and complex organization.
Extensive experience in the application of the principles and practices of operating and capital budget formulation, evaluation, administration and planning.
Considerable leadership experience, including managing, coaching, attracting, training and engaging a diverse workforce, promoting and fostering effective teamwork.
Experience working with computer-based accounting and budget systems, techniques and practices, Business Intelligence (BI) tools, and various computer applications including MS Office Suite. SAP, CAPTOR (Capital Planning and Budget Application), PBF (Public Budget Formulation) and City’s Financial System Transformation project would be assets.
Highly developed human relation skills to build consensus and trust with multiple stakeholders, establish effective working relationships and collaborative work approaches with employees, all levels of staff in client Divisions, Corporate Financial Planning Division, and other stakeholders.
Familiarity with cost-shared programs, financial by-laws and related regulations.
Highly developed interpersonal, written and oral communication, customer service, negotiation, conflict resolution, analytical and problem-solving skills.
Ability to thrive in a fast-paced environment with frequently changing and competing priorities and deadlines, multiple tasks and high-performance expectations.
Familiarity with relevant employment legislation including Employment Standards Act, Human Rights Act, Occupational Health & Safety Act.
Full understanding of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS).
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) .