Manager - Finance
1 week ago
**Regular/Temporary**
- Regular
**Job Title**
- Manager - Finance**Job ID**
- 66320
**Location**
- Central Campus**Open Date**
- 11/20/2024
**Job Type**
- Continuing
**Close Date**
- 11/28/2024
**Employee Group**
- TMG
**Favorite Job**
**Department**
- RealEst Partners Ancill Admin
**Salary Grade/Band**
- Band L
**Salary Range**
- $87276.00 - $130914.00 (annual)
**Hours per Week**
- 35
**Posting Details**
**Schedule**
Monday to Friday 35 hours per week
**Education Level**
Completion of post-secondary education, ideally in business, finance, or a related field that supports the role requirements.Completion of an accounting designation (CPA), or over 10 years direct experience in this type of role
**Career Level**
5+ years working in financial and/or budget management in a public sector environment (10+ years direct experiences in this type of role in the absence of an accounting designation).5-8 years managerial experience
This position, reporting to Real Estate, Ancillary Operations and Partnerships (REAP), is focused on the financial functions of Hospitality Services, which is the exclusive provider of food and catering services to the university, with annual sales of approximately $32 million across 21 locations.
**Job Summary**
The Finance Manager serves as a strategic budgeting, planning, and finance professional providing expertise, guidance and support to the Director, Hospitality Services and Director Strategic Operations. The role will produce financial budgeting and reporting for the ancillary unit and related project initiatives. Functionally, the Finance Manager will report to the Director, Strategic Operations (REAP) for centralized guidance. The Finance Manager is required to develop and monitor financial strategies and plans to support the Director, as well as provide best practice advice for efficient and lean operations. The Finance Manager will work directly with the Director’s teams, engaging department managers to take a lead role in preparing and planning financial strategies, budgets, plans, and supporting accounting processes at both department and project levels, ensuring accurate and timely detailed financial reports and thorough variance analysis, including providing advice on strategies to bring activities on track when running off
- budget, which is essential to success in this role. The Finance Manager develops, recommends, implements and monitors each unit’s supporting financial strategy, integrated into a developed clear and concise annual budget and narrative. The Finance Manager will ensure there are adequate financial records and controls in place in accordance with University policies and procedures.
The Finance Manager provides effective leadership and direction to 5 full-time members, assumes financial management and accountability of a budget of approximately $540,000 related to the Financial Affairs Business Office, and prepares the Hospitality Services budget totaling $37 million in sales, growing to $32 million with residence expansion.
**Accountabilities**
In a collaborative team environment, which embraces the values of trust, accountability, integrity, teamwork and service, the Finance Manager is expected to:
**Strategic Advice**:
Work with the Director, Hospitality Services to support financial planning and budgeting
Develop scenarios to assist decision making, including business cases for new investments
**Budget/Projection Preparation**:
- Effectively plan and coordinate activities to support budget preparation. Develop a budget preparation timeline and take initiative to compile and confirm information.
- Compile budgetary information and recommendations from each department within Hospitality Services
- Working collaboratively with unit managers, plan operational and project budget needs by understanding and analyzing plans and fiscal requirements on both a short
- and long-term basis
- Prepare operational and project budgets, review draft financial reports, finalize budgets to meet deadlines, and assist in presentation to the Budget Committee
- Enter all budgets and projections in Hyperion Budgeting System:
- Review pre-populated labour data for accuracy and prepare forecasts of cost and FTEs based on discussions with managers
- Prepare budgets and projections for all other revenue and expenses to enable monthly tracking of actuals
- Create detailed back-up schedules for budgeted revenue and expenses
- Explain material changes in budget including year-over-year analysis of revenues, expenses and FTE counts to support historical understanding and future planning
- Suggest options, strategies and approaches for operational and procedural improvements and cost saving measures
- Comment on risks and opportunities; suggest options.
- Provide expert guidance and input on the financial content of the budget narrative; complete required financial schedules
- Interpret budget guidelines and advise on matters related to budget presentatio
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