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Financial Planning Analyst

3 months ago


St Catharines, Ontario, Canada City of St. Catharines Full time
About the City:

The City of St. Catharines is dedicated to realizing its vision as outlined in the Strategic Plan 2023 to 2027. Our commitment is to foster a community that emphasizes safety, innovation, sustainability, and compassion for future generations. We invite you to contribute to this significant journey that aims to create a lasting impact on our community.

Role Overview:

Under the supervision of the Manager of Financial Planning, the Budget Management Specialist plays a crucial role in delivering tailored financial assistance across various programs, departments, and divisions. This includes responsibilities such as budget formulation and oversight, rate and fee management, procurement facilitation, variance analysis, forecasting at quarterly and year-end intervals, grant application processing, financial modeling, and process enhancement. Additionally, this position supports corporate initiatives related to internal financial reporting, system implementations, cost allocations, and special projects.

Key Responsibilities:
Financial Oversight and Compliance
  • Facilitating necessary financial support for internal stakeholders to meet their objectives.
  • Ensuring compliance with generally accepted accounting principles and corporate policies.
  • Collaborating with internal partners on quarterly variance assessments, forecasting, budget management, financial modeling, and business case development.
  • Managing specific grant applications and supporting both internal and external reporting while liaising with relevant agencies.
  • Providing guidance on procurement processes, including by-law and procedural advice to departmental personnel.
  • Conducting financial audits to verify adherence to all financial policies and procedures.
  • Assisting in data collection and analysis to enable informed decision-making by department management and leadership.
Policy and Process Enhancement
  • Improving operations by collaborating with finance process owners, offering expert advice, and developing communication strategies for departmental staff.
  • Ensuring alignment with budgets, reporting, accounting, and procurement through collaboration with finance consultants and internal partners.
  • Facilitating the seamless integration of new systems and business initiatives with financial and measurement frameworks.
Collaboration and Support
  • Serving as the primary contact for internal partners regarding daily financial implications, including new policies or system implementations.
  • Contributing to the development of new systems, business initiatives, and rate-setting processes.
  • Engaging in budget education for council members and providing training for internal staff.
  • Preparing reports for Council and the public on budgetary matters, variances, grants, rates, and financial implications.
  • Coordinating with external auditors as necessary for audit procedures.
  • Performing additional job-related tasks or special projects as assigned.

These responsibilities define the essential functions of the position and illustrate the role's potential impact and contributions.

Candidate Profile:
Qualifications:
  • Bachelor's degree in accounting, finance, business administration, or a related discipline.
  • A minimum of three (3) years of progressive experience in financial reporting, budget analysis, and variance tracking, preferably in a municipal context.
  • Chartered Professional Accountant designation (CPA - CA, CGA, or CMA) or active pursuit of the designation is preferred.
  • Completion of the AMCTO - Municipal Finance and Accounting Program is advantageous.
  • Completion of the MFOA - Municipal Finance 101 is beneficial.
Skills:
  • In-depth knowledge of the Municipal Act, Development Charges Act, CICA/PSAB Handbook, and financial reporting regulations for Ontario municipalities.
  • Expertise in budgetary accounting and reporting processes to develop efficient systems and procedures.
  • Strong project management, time management, and prioritization capabilities.
  • Team-oriented individual with technical and analytical skills, along with an understanding of business operations and internal controls.
  • Ability to work both independently and collaboratively, managing multiple assignments under tight deadlines.
  • Exceptional written and verbal communication skills.
  • Effective problem-solving and conflict resolution skills.
  • Advanced proficiency in MS Excel, with a willingness to learn and adapt to new financial software and systems.
Additional Requirements:
  • Willingness to travel between City work locations as needed.
  • Commitment to fostering a culture of safety.
  • Completion of the Ministry of Labour Worker Health and Safety Awareness training is required.
  • Proof of education will be required upon hire.
Benefits:

Salary & Benefits: Competitive salary with health, dental, vision, and life insurance coverage.

Pension Plan: Enrollment in the OMERS pension plan with matched contributions for a secure retirement.

Flexibility: Hybrid work environment to promote work-life balance (for eligible positions).

Training: Access to training and development funds to support career advancement.

Impact: Opportunity to share ideas and drive change through modernization efforts.

Team Environment: Collaborate with a supportive team and leadership focused on your success.