FINANCIAL PLANNING ANALYST Full-time Job

To review, analyze, develop, and coordinate the Division’s Capital and Operating Budgets for the effective delivery of the Ontario Works Program. To monitor the expenditures and revenues and develop/assess performance targets and ensure all available funding options are presented to senior management and utilized to their optimum efficiency.  To provide advice, council and support to Divisional staff on purchasing and invoice payment matters.

 

• Implements detailed plans and recommends policies/procedures regarding Ontario Works Program specific financial requirements.
• Oversees and is responsible for the preparation of the Division’s capital and operating budget submissions; reviews, analyzes and develops and coordinates the reconciliation and justification for budget requests.
• Prepares budget presentations, briefing notes and supporting documentation as well as prepares consolidated financial reports in response to requests from Members of Council, the Provincial staff and senior management.
• Monitors, reviews, and analyzes expenditures and revenues to ensure they do not exceed approved funding levels; identifies significant program cost variances and recommends key strategic initiatives/corrective action to senior management.
• Prepares financial reports and recommendations for senior management on the economic and financial impacts of changes in Federal and Provincial policies, programs and regulations governing financial and employment assistance programs under Ontario Works
• Ensures that Capital and Operating budget requests meet the requirements of and are consistent with Council direction, Divisional operational plans, and corporate guidelines/targets.
• Assesses budget submissions from operating units and recommends budget submission adjustments to senior management.
• Provides advice, council, and support to Divisional staff on purchasing and invoice payment matters, including the development of RFP’s/RFQ’s, Requests to Purchase Goods and Services, contract management and the processing of payments to external vendors.
• Oversees and is responsible for the OW Service Contract reporting process to determine the Provincial share of expenditures governed by Provincial acts/legislation with various cost sharing/subsidy calculations.
• Ensures subsidies available under OW are maximized to reduce the City’s share of expenditures.
• Monitors and verifies movement in the Division’s reserve funds and maintains integrity of transactions.
• Leads and participates on various Divisional and Departmental projects by providing leadership, financial expertise, and guidance.
• Liaises with various Divisional, Departmental, Corporate and Provincial staff in all financial and budgetary activities.
• Supervises, motivates and trains assigned staff, ensuring effective teamwork, high standards of work quality and organizational performance, continuous learning and encourages innovation in others.
• Develops policies, procedures and recommendations for financial management and budgetary control.

 

Key Qualifications:

1. Post secondary education in financial management and/or the completion of an accounting designation (e.g. CA, CPA) OR an equivalent combination of education and experience.
2. Extensive relevant experience in the application of the principles and practices of operating and capital budget formulation, purchasing, and financial planning within a large private or public sector organization.
3. Considerable experience in performing budget and financial analysis assignments, specifically compiling, and analyzing financial and statistical data and making appropriate recommendations.
4. Considerable experience in the preparation and delivery of reports and presentations, explaining financial supporting analysis in the context of proposing effective strategies and making recommendations to senior management.
5. Highly developed interpersonal, negotiation, conflict resolution, problem solving skills with the ability to communicate effectively with all levels of the organization and foster effective internal and external relationships.
6. Sound judgment and ability to handle matters of a confidential, proprietary, or sensitive nature as they relate to Council, other senior staff and the public.
7. Strong project management skills with respect to performing research and cost benefit analysis for complex financial projects.
8. Familiarity with the budgeting, purchasing, financial and administrative procedures of a large corporate environment.
9. Ability to work independently and as a team member, managing multiple tasks under pressure and producing results within tight time frames.
10. Proficiency in MS Office Suite (i.e. Word, Excel, Access, PowerPoint) with advanced spreadsheet skills to prepare financial reports.
11. Strong knowledge of SAP in the areas of purchasing and reporting.

Toronto, the capital of the province of Ontario, is a major Canadian city along Lake Ontarios northwestern shore. It's a dynamic metropolis with a core of soaring skyscrapers, all dwarfed by the iconic, free-standing CN Tower. Toronto also has many green spaces, from the orderly oval of Queens Park to 400-acre High Park and its trails, sports facilities and zoo.