Financial Officer, Commercialization

**Date Posted**:07/02/2025
**Req ID**: 44012
**Faculty/Division**: Temerty Faculty of Medicine
**Department**: Temerty Commercialization & Parternships
**Campus**: St. George (Downtown Toronto)
**Position Number**: 00058183

**Description**:
**About us**:
Home to over 40 departments and institutes, the University of Toronto's Temerty Faculty of Medicine lies at the heart of the Toronto Academic Health Science Network and is a global leader in ground-breaking research and education, spanning clinical medicine, basic science and the rehabilitation sciences sectors.

**Your opportunity**:
The Temerty Faculty of Medicine’s Commercialization & Partnerships unit, positioned within the Office of the Vice Dean, Research & Health Science Education, serves a vast community of scholars and trainees. This newly established unit aims to advance the faculty’s commercialization, entrepreneurship and partnerships initiatives. By offering transformative training programs, fostering strategic partnerships, implementing effective commercialization strategies, and nurturing an entrepreneurial culture, the unit seeks to amplify the impact of medical discoveries originating from the faculty.

As the Financial Officer, you will be responsible for financial management, budgeting and forecasting for the Temerty Medicine’s newest commercialization and partnerships unit. You will play an integral role in providing a wide range of financial accounting, analysis and administration for the unit. This includes independently monitoring department budgets, processing payroll, reconciling accounts, identifying and resolving discrepancies and preparing financial reports for many funding accounts including grants and contracts. You will work closely with the Director, Commercialization and Partnerships to manage funds and agreements associated with both academic and industrial partnerships and entrepreneurship programs. You will produce and analyze relevant reports to achieve actionable insights for management decision-making. Your extensive financial background combined with your attention to detail, solid organization, analytical and critical thinking skills will be key to your success in this role.

**Your responsibilities will include**:

- Forecasting, planning, recording detailed transactions, and monitoring for multiple complex budgets including making recommendations on budget allocations involving multiple sources of revenue and/or recoveries
- Independently monitoring, recording, reconciling and/or reporting on many funding accounts for grants and contracts and ensuring contracts and agreements are consistent with University standards and guidelines
- Independently analyzing information and making recommendations to inform budgetary decision making and recommend cost saving measures
- Producing and analyzing complex statistical and/or financial reports to achieve actionable insights for management decision-making
- Processing payroll for all employee groups including payroll reconciliations, collecting supporting payroll documentation, and resolving payroll processing issues
- Ensuring adherence with policies, procedures, collective agreements, and legislated requirements on all financial transactions
- Processing expense reimbursements, account receivables and payables according to the University Guide to Financial Management
- Liaising with internal and external contacts to facilitate purchasing and/or procurement processes

**Essential Qualifications**:

- Bachelor’s Degree in Finance/Accounting or a related field or an acceptable combination of equivalent experience.
- Minimum four (4) years recent and relevant financial management experience, in a research or academic setting
- Demonstrated experience with independently forecasting, planning and monitoring complex budgets
- Experience producing and analyzing complex statistical or financial reports and making data-driven recommendations to management for decision-making
- Demonstrated knowledge of basic accounting principles
- Demonstrated experience processing financial and payroll transactions
- Demonstrated experience working with collective agreements and applicable legislative requirements
- Experience independently preparing financial reports and reconciling accounts
- Experience in administering Sponsored Research and Service Agreements
- Familiarity with recovery units and relevant challenges
- Demonstrated experience in training others
- High level of Proficiency with MS Office Suite
- Demonstrated experience with the University's FIS, AMS and HRIS systems
- Knowledge of University of Toronto policies and procedures
- Excellent communication skills (oral and written) with an ability to work well both independently and as part of a team
- Solid numerical, accounting, financial, organizational and analytical skills
- Professional demeanor with a strong customer service orientation and effective interpersonal skills
- Proven ability to work effectively with competing dead