Business Officer

2 weeks ago

Toronto, Canada University of Toronto Full time

**Date Posted**:05/24/2023
**Req ID**: 31446
**Faculty/Division**: Faculty of Arts & Science
**Department**: Data Sciences Institute
**Campus**: St. George (Downtown Toronto)
**Position Number**: 00050828

**Description**:
**About us**:
Founded in 1827, the University of Toronto has evolved into Canada’s leading institution of learning, discovery and knowledge creation. We are proud to be one of the world’s top research-intensive universities, driven to invent and innovate. U of T is home to some of the world’s most talented thinkers, inventors, innovators, and educators, who are advancing knowledge and making critical discoveries for a healthier, more sustainable, prosperous, and secure future.

The Data Sciences Institute (DSI) is a highly specialized research initiative at the University that draws on world-class research expertise across multiple academic divisions, affiliated hospitals, regional, national, and international academic partners, and commercial organizations. The mission of the DSI is to provide the leadership and capacity to catalyze the transformative nature of data sciences across disciplines, in fair and ethical ways, leveraging and strengthening U of T’s pre-eminence in data sciences to solve society’s complex and pressing problems. The Institute draws upon these strengths to support social change by linking data resources to investigate the impact of data-driven approaches on inequity, as well as combat misinformation and foster trust in data-informed research by driving reproducible and reliable research. DSI promotes the flow of methodological advancements such as data management, computing, data integration, novel statistical methodology, visualization methods and will facilitate the training of new generations of interdisciplinary trainees. DSI aims to unify and galvanize the core strengths of Toronto’s data science community building capacity for data and computational-based projects and training by being the focal point for the coordination of data science activities and partnerships to further elevate UofT’s global stature.

We can only realize our mission with the dedication and excellence of engaged staff and faculty. The diversity of opportunities and perspectives within the Faculty reflect the local and global landscape and the need for curiosity, innovative thinking and collaboration. At Arts & Science, we take pride in our legacy of innovation and discovery that has changed the way we think about the world.

**Your opportunity**:
Reporting to the Director, DSI Operations &Strategy, the Business Officer is responsible for the oversight of Institute’s budget, and the administration of its business and financial activities, including but not limited to monitoring, forecast and planning the budgets; payroll and financial management of the Institute’s operating, research and trust accounts, as well as its facilities and equipment. The Business Officer is responsible for financial reporting required from the Faculty of Arts & Science, the administrative home of the Institute, and required by the Institutional Strategic Initiative Office.

The Business Officer is the main contact for financial information for DSI’s grants, training programs, and external agreements connecting with units across the University and with external funding partners. The Business Officer works with the Dean’s Office on implementation of training programs and ensures coherence and the integration of programming across the university and with external partners.

**Your responsibilities will include**:

- Forecasting, planning and monitoring multiple complex budgets
- Analyzing financial trends and preparing analytical reports and forecasts for management decision making
- Monitoring department budget to ensure expenditures remain within budgeted allocations
- Preparing budget variance reports
- Administering accounts for restricted funds
- Processing payroll
- Probing for information to establish needs

**Essential Qualifications**:

- Bachelor’s degree in commerce, business,accounting, finance or related disciplines, or an acceptable equivalent combination of education and experience.
- Minimum four (4) years of recent and related experience in business and financial administration, preferably in a post-secondary or research-intensive institution.
- Experience administering a complex work unit with financial management experience including overseeing, planning and preparing complex operating budgets and research grants; forecasting, managing, and analyzing budgets and statistical information; reporting, monitoring and reconciling financial activity and payroll distribution, including preparing financial statements.
- Experience overseeing administrative operations including financial management, human resources administration, and processing financial and payroll transactions.
- Experience maintaining financial and personnel records, the University’s financial/payroll and HR p

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