Strategic Financial Operations Analyst

4 weeks ago


Nanaimo, British Columbia, Canada Vancouver Island University Full time

Position Overview:

The Financial Analyst plays a crucial role in collaborating with both academic and administrative leaders, as well as support personnel within their designated service areas. As a vital member of the university's Central Financial Services, this position is situated within one of the primary Finance teams, focusing on Financial Planning & Analysis.

Key Responsibilities:

  • Engages with leaders across academic and administrative units, offering practical financial guidance and support for budgetary obligations.
  • Assists in the creation of budgets, tracks financial trends, forecasts future financial needs, identifies potential issues, and maintains ongoing communication with leadership.
  • Prepares consolidated forecasts for divisions, aids leadership in financial report presentations, and reviews external financial partnerships.
  • Drafts and reviews budgetary information, projections, and participates in informed discussions regarding budget planning.
  • Supports specific projects as directed by leadership, collaborating with Central Financial Services on enrollment and tuition revenue forecasting.
  • Monitors financial activities with stakeholders, interprets financial reports, and provides advice for informed decision-making.
  • Conducts a variety of financial tasks in support of assigned service areas.
  • Reviews and approves internal departmental charges, purchase requisitions, and reconciles work orders. Prepares and corrects journal entries and salary transfer requests.
  • Works with colleagues and leaders on invoice requests, ensuring purchase orders are established, and prepares monthly and year-end accounting entries.
  • Offers guidance on financial processes, forms, and budgets, including training and updates.
  • Generates financial reports and performs variance analysis, providing detailed insights into key financial discrepancies.
  • Maintains ledger balances, tracks accounting records for general ledger accounts, prepares sections of annual financial statements, and collaborates with external auditors.
  • Prepares reconciliations for specific accounts, capital requests, and corrects inaccuracies in entries.
  • Assists in developing internal controls, reporting mechanisms, and new initiatives, optimizing processes for efficiency.
  • Educates and supports users of financial systems, enhancing understanding of financial reports and resource management.
  • Conducts reviews of business processes and policies, redesigning for efficiency and implementing best practices.
  • Analyzes financial areas, documenting issues, recommending actions, and implementing solutions.
  • Ensures compliance with financial requirements in contracts for consulting, construction, and services.
  • Tracks and records overload/additional-hours appointments and cost distribution changes for HRIS entry.
  • Completes data entry, resolves discrepancies, and escalates unresolved issues to leadership.
  • Designs and establishes financial processes, accounting structures, and reporting frameworks for new initiatives, consulting with business owners and Enterprise Systems.
  • Cross-trains to provide backup support for other analysts or functions within the Finance department.

Qualifications:

A Bachelor's degree in a relevant field (e.g., Accounting, Finance, Business, Economics) along with a minimum of 5 years' experience in managing complex cost recovery/revenue-based budgets, including budget preparation, development, monitoring, extensive data entry in Excel, analysis, quarterly reviews, and year-end reconciliation. An equivalent combination of education and experience may be considered.

  • Proven ability to plan, organize, and develop effective systems work instructions and procedures to support financial functions.
  • Demonstrated capability to manage multiple tasks, meet deadlines, and prioritize effectively.
  • Exceptional critical thinking skills.
  • Proven initiative and independence, while effectively collaborating as part of a team.
  • Ability to provide confidential service.
  • Experience working with a diverse range of external audit clients and integrated system experience.
  • Solid understanding and application of current accounting principles for not-for-profit, public sector, and charitable organizations.
  • Ability to produce concise and complex financial reports.
  • Capacity to interpret, explain, report on, and provide advice regarding various accounting, budgetary, and financial management issues.
  • Effective oral and written communication skills, with the ability to maintain strong working relationships across all levels of faculty and staff.
  • Superior investigative and analytical skills with the ability to identify and implement strategies for improvement.
  • Proficient in Microsoft Office, particularly Excel, with demonstrated ability to apply Excel to complex financial analysis.
  • Self-motivated and capable of working with minimal supervision within tight deadlines.

Preferred Qualifications:

  • A recognized Canadian accounting designation (CPA-CA, CPA-CGA, CPA-CMA), with current membership.
  • Knowledge of PSAB standards and Unit 4 Financial Software.
  • Direct experience in a post-secondary environment or a publicly funded organization of similar size.

Vancouver Island University offers eligible employees a comprehensive benefits package, ample paid holiday time, professional development opportunities, and a desirable pension plan. Employees work within a supportive community, equipped with the tools and training that foster learning and development.


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