Finance Management Systems Innovation Manager

3 months ago

Toronto, Canada Workplace Safety and Insurance Board Full time

The Financial Management Systems (FMS) Innovation Manager will be responsible for proactively engaging with Finance stakeholders in analysing and optimizing financial processes, identifying areas of improvement, and implementing changes to increase efficiency, reduce costs, and improve accuracy. The FMS Innovation Manager will collaborate with cross-functional teams to identify and develop innovative financial tools and solutions that meet the needs of various business areas.

**Major Responsibilities**:

- Develop and implement a culture and strategy for innovation for the Finance Cluster. Creating and updating a roadmap for innovation that aligns with the cluster and organization’s goals. Work on fostering a culture that values and encourages experimentation. Create tools to effectively measure innovation.
- Plan, manage and implement finance projects related to innovation using best practices, from inception to implementation, including project planning, budgeting, and execution. Proactively collaborate with cross-functional teams to identify and develop innovative solutions that meet the needs of the business and its clients, also alignment with the ERP initiatives.
- As project and initiative leader, lead, plan and scope the future state of workflows and systems. This involves identifying and documenting business needs and associated system processing, developing and proposing alternative solutions, outlining assumptions, constraints, costs and benefits, staff impact analysis; monitoring and providing ongoing updates on project progress, coordinating workflow, system and process testing, clarifying issues and resolving problems.
- Identify opportunities to automate and streamline financial processes and reduce manual work. This includes conducting research, analysis and investigation into business processes, identifying opportunities for automation and process efficiencies, developing, testing and implementing innovative solutions and initiating activity to ensure processes reflect best practices and support divisional and organizational business plans.
- Facilitate program development by identifying, investigating, recommending and overseeing the implementation of solutions to realize efficiencies and correct deficiencies in current business services, processes, and programs; and in developing new processes, services, programs and reports.
- Plan, manage and facilitate the creation of business requirements in order to support change initiatives by reviewing, evaluating and identifying problems and opportunities; documenting business requirements for process/system changes/enhancements; obtaining agreement and sign-off to ensure the requirements are accurate and reflect business needs.
- Plan, manage and perform data and trend analysis to identify, document and inform management on potential impacts of projects, initiatives and system and process changes. Develop metrics to measure the effectiveness of process changes and track progress over time. Maintain and validate data used in performing analysis. Create, run and validate queries to ensure regular monitoring of business activities. Develop ad hoc queries using various software (ie. Cognos, Power BI, Excel, PeopleSoft or other ERPs, etc.) to provide business intelligence to management and support decision making.
- Develop and maintain ongoing communication linkages within and between the Financial Programs & Systems branch, IT cluster, other areas within the WSIB and Corporate Project Teams. Communicate with organization change enablers to identify current practices, processes, systems and methodologies to devise and implement strategies to cover any obstacles. Provide post implementation support.
- Train and educate stakeholders on new processes and changes. Develop educational and instructional materials (including but not limited to system training materials, system and user guides, handbooks, and quick reference guides). Deliver system training on important system or procedural changes to users. Provide follow-up post implementation support by resolving problems and developing procedures, charts and matrices to familiarize staff with changes.

**Job Requirements**:
1. Education requirements:
**Minimum Level Required**
- Undergraduate degree in computer science, business or accounting.

**Preferred Level**
- Graduate degree in computer science, business or accounting
- CPA
- PMP
- CBAP
- Lean Six Sigma certification

2. Experience:
**Minimum Level Required**
- 5+ years of experience in a role focused on innovation and business analysis.
- Deep understanding of best practice innovation methodologies, emerging technologies and stakeholder management.
- Superior understanding of finance and accounting processes and enabling technologies
- Strong Project management skills
- Experience in financial systems strategy and financial systems architecture and ensuring that projects/systems are aligned with the organization’s overall strategic objectiv

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