Senior Financial Analyst

Date Posted: 08/06/2024
Req ID: 39161
Faculty/Division: Central Administrative HR Services
Department: Financial Services
Campus: St. George (Downtown Toronto)
Position Number: 00056794

Description:

About us:

Financial Services is a department within the Chief Financial Officer portfolio. Our vision is to be innovative and solutions-focused financial stewards, partnering with the University community to support world-leading research and learning. The Finance Services Department consists of several groups, such as Operating Accounting & Financial Analysis; Restricted Fund & Ancillary Accounting; Capital Accounting, and Student Revenue & General Accounting.

Within the University’s decentralized financial management framework, we provide financial leadership and offer guidance, training, and advisory services. Through collaboration, we develop innovative and practical solutions, fostering an environment that values diverse perspectives. As a team, we celebrate our accomplishments and take pride in our work.

Your opportunity:

The Financial Services Department (FSD) provides financial expertise to the University’s community. Comprised of a group of accounting professionals, the FSD office is focused on financial reporting and the University Guide to Financial Management policy compliance. The office provides support, guidance, and training to departments on financial matters.

As the Senior Financial Analyst, you will perform a broad range of duties including financial reporting, analysis and financial management, in support of the University community. You will liaise with multiple business units to resolve issues and provide guidance and advice.

You will foster strong working relationships with stakeholders and leverage your analytical skills to synthesize information, uncover trends, and deliver insights to optimize internal processes and improve decision-making.

You will administer University indirect overhead cost allocations to applicable units, short-term investment income or deficit financial charges distribution, and fixed asset amortization, to enable full accounting and reporting at each period-end and year-end.

Under the general direction of the Manager, Restricted Fund, and Ancillary Accounting, you will provide financial expertise to support the University’s fiscal year-end process, perform various year-end requirements, such as tracking the units’ progress of year-end tasks, producing financial statements, and coordinating audit requirements for external auditors, and producing various reports to meet ministry and other government agencies’ requirements. Your ability to work independently and as part of a highly cohesive team will allow you to take on new projects to ensure and promote the optimal function of our office, such as enhancing reporting processes by leveraging BI tools and databases effectively.

Your responsibilities will include:

• Overseeing the financial management of budgets, including strategic planning, forecasting and analysis.
• Performing complex financial data modeling and analysis, and producing complex statistical reports.
• Processing financial transactions according to the University Guide to Financial Management.
• Monitoring, reconciling, and reporting on funding accounts.
• Analyzing financial processes and procedures and recommending changes for improvement.
• Analyzing and making recommendations for financial management and process.
• Serving as an expert resource to senior leadership and across various teamswithin FSD.
• Planning and managing institutional-level reporting and projects.

Essential Qualifications:

• Bachelor's Degree plus Post Graduate Certificate.
• Minimum five years ’ related financial experience in accounting, modeling, analysis, and financial reporting, in a University or similar public sector environment.
• Hands-on experience in preparing financial statements, including the Statement of Operations and Changes in Net Assets, and Balance Sheet.
• Proficient in maintaining fixed asset schedules, asset capitalization & depreciation, budgets, monitoring accounts, financial reconciliations, forecasts, and analysis.
• Skilled in maintaining complex financial models.
• Experience with databases and business intelligence tools to analyze financial data and statistics.
• Proven ability to conduct financial research and present findings effectively.
• Demonstrated success in introducing innovative solutions and processes to improve efficiencies in financial management.
• Successful track record of providing support and consultation to various stakeholders.
• Advanced proficiency with MS Office Suite, including expert knowledge of MS Excel and Financial Information System (FIS).
• Strong written and oral communication skills.
• Demonstrated ability to apply knowledge of accounting principles.
• Highly attentive to detail and accuracy.
• Demonstrated ability to organize and execute complex projects and manage conflicting priorities within established timelines.
• Ability to work independently as well as a collaborative team member in a multi-stakeholder environment.
• Ability to exercise sound judgment, respect matters of a sensitive nature, and maintain confidentiality.

Assets (Nonessential):

• Completion of a recognized accounting program (CMA, CGA, CA).
• Experience with accounting for ancillary business.
• Experience with Business Intelligence reporting.

To be successful in this role you will be:

• Diligent
• Insightful
• Proactive
• Problem solver
• Team player

Closing Date: 08/20/2024, 11:59PM ET
Employee Group: USW
Appointment Type: Budget - Continuing
Schedule: Full-Time
Pay Scale Group & Hiring Zone:
USW Pay Band 17 -- $107,820. with an annual step progression to a maximum of $137,883. Pay scale and job class assignment is subject to determination pursuant to the Job Evaluation/Pay Equity Maintenance Protocol.
Job Category: Administrative / Managerial
Recruiter: Fiona Chan

Lived Experience Statement
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience shall be taken into consideration as applicable to the posted position.

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All qualified candidates are encouraged to apply; however, Canadians and permanent residents will be given priority.

Diversity Statement

The University of Toronto embraces Diversity and is building a culture of belonging that increases our capacity to effectively address and serve the interests of our global community. We strongly encourage applications from Indigenous Peoples, Black and racialized persons, women, persons with disabilities, and people of diverse sexual and gender identities. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences, and expertise are essential to strengthening our academic mission.

As part of your application, you will be asked to complete a brief Diversity Survey. This survey is voluntary. Any information directly related to you is confidential and cannot be accessed by search committees or human resources staff. Results will be aggregated for institutional planning purposes. For more information, please see http://uoft.me/UP.

Accessibility Statement

The University strives to be an equitable and inclusive community, and proactively seeks to increase diversity among its community members. Our values regarding equity and diversity are linked with our unwavering commitment to excellence in the pursuit of our academic mission.

The University is committed to the principles of the Accessibility for Ontarians with Disabilities Act (AODA). As such, we strive to make our recruitment, assessment and selection processes as accessible as possible and provide accommodations as required for applicants with disabilities.

If you require any accommodations at any point during the application and hiring process, please contact uoft.careers@utoronto.ca.

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