Manager, Financial Accounting

**General Posting Information**

**POSITION**:

- Manager, Financial Accounting & Reporting**DEPARTMENT**:

- Financial Services**CONDITIONS**:

- Full-time**HOURS**:

- Approximately 75.0 Bi-weekly Hours**WAGE RANGE**:

- Scale Minimum Maximum- NONU $53.21/hr $63.86/hr**STATEMENT OF PURPOSE**:
The Manager, Financial Accounting and Reporting, provides financial related information and support to senior administration, directors and managers across the Hospital, liaise with external auditors, Ministry of Health/Ontario Health, Canada Revenue Agency, Statistics Canada and other agencies on financial matters. In addition, provides leadership and training to Financial Services staff, ensuring day-to-day processing of financial transactions is conducted effectively and efficiently.

The Manager is responsible for the development, maintenance and improvement of Finance policies and procedures to ensure financial controls are followed and audit trail secured. The Manager is responsible for providing leadership in the preparation of internal and external financial reports for capital projects and developing capital budgets. The Manager assists in other financial accounting duties and the preparation of other monthly, quarterly and annual financial and statistical reports in cooperation with the Manager, Financial Planning and Analysis, and Director, Financial Services to ensure all transactions are accurately identified and recorded. Represents the Finance Department as well as provide leadership input on various hospital committees in coordination with other management staff in the Finance Department.

**RESPONSIBILITIES**:
**General Accounting**:

- Responsible for Hospital and Foundation financial accounting to ensure transactions are accurately identified, recorded and the integrity of the Hospital and Foundation General Ledgers are maintained.
- Oversee the monitoring and analysis of Patient and Client Receivables, receivable aging, billing rates, transfers to collections, and projections of related revenues for budget purposes.
- Oversee the monitoring, recording, analysis and reconciliation of the Fixed Assets sub ledger and the reconciliation and analysis of all other balance sheet accounts.

**External Audit**:

- Facilitation of interim and year end audit process.
- Oversee the preparation of various analysis and working papers for the audit files for the annual external financial audit and other external audits as required.
- Responsible for deferred capital grants sections of year-end audit file and year-end financial statements for Hospital.

**Monthly, Quarterly and Annual Financials and Reports**:

- Responsible for Balance Sheet and Patient Revenue reporting on monthly fiscal parameters; ensure working capital position reported on balance sheet is consistent with capital plan and analyze working capital variances; ensure working funds statement and statement of cash flows is balanced; update, monitor and record cash held for capital purposes monthly.
- Oversee the annual calculation of the amortization of capital grants at year end, allocating grant amortization to cost centres and posting journal entry; reconcile this to depreciation via cost centre to ensure grants are allocated to cost centres.

**Capital Project and Working Capital Management**:

- To provide information and service to senior administration, directors and managers, Foundation staff, Board committees, and liaise with external auditors, Revenue Canada officials, MoH/Ontario Health (Hospital capital projects) on capital project financial matters.
- Track Hospital's overall Capital Plan Summary and providing reporting as required to Director, Planning & Facilities, Director, Information Technology, Vice President, Chief Financial Officer, Vice President, Chief Information Officer, and to Hospital Board committees.
- Responsible for monitoring and analysis of Hospital working capital on a monthly basis ensuring Hospital reports minimum working capital ratios per MoH/Ontario Health accountability agreements.
- Responsible for the analysis and preparation of the annual Capital Budget and the preparation of the five year Capital Budget; including projections of Hospital balance sheet and working capital position.
- Prepare capital project reports for quarterly submissions to the MoH, and upon project(s) completion, for external audit and for the MoH final submission package.

**QCH Foundation and Parking**:

- Oversee the preparation of quarterly and year-end financial statements for the QCH Foundation.
- Oversee the preparation of the year-end audit file for the QCH Foundation.
- Responsible for participating on the QCH Foundation Finance Committee and providing adhoc financial reporting where requested in additional to quarterly Foundation financial statements.
- Assist in the development, maintenance and improvement of policies and procedures to ensure that appropriate internal financial controls are in place and maintained with adeq