Manager, Finance Planning and Reporting

**Position Overview**:
Reporting to the Director of Finance, the Manager of Financial Planning and Reporting provides leadership in areas of financial planning and analysis, accounting and internal control. Responsibilities include managing the Hospitals $376 million operating budget and leading the delivery of financial statement reporting to the leadership team. The Manager of Financial Planning and Reporting possesses in depth knowledge of accounting standards, financial statement reporting and internal control framework. Coupled with strong analytical, organizational and communication skills the individual will provide leadership and guidance five direct reports. With a strong business acumen, critical thinking and analytical skills, the incumbent develops detailed annual operating budgets in collaboration with senior management to uphold the Hospital’s long term financial stability and meet compliance with program directives and accountability agreements in a timely and accurate manner.

**Primary Responsibilities**
- Budgeting.
- Coordinate month-end close process to ensure timely and accurate financial reporting in accordance with Public Sector Accounting Standards and MIS guidelines, including oversight of all account reconciliations, accruals and adjusting entries.
- Develop and maintain central database of funding and service agreements to ensure dissemination of information to appropriate clinical areas and compliance reporting which is timely and internally consistent with budget, actual results and statistical submissions
- Advise, train and educate Hospital staff at all levels regarding budgetary planning, information systems, MIS standards and data quality
- Work integrally with Decision Support Unit andprogram managers to achieve higher levels of performance and improved patient care through focused use of strategic information, resource measurement and evidenced-based decision-making
- Liaise with multiple funding agencies (e.g. MOHLTC, TCLHIN, Foundation etc).
- Lead external audits, including coordination of year-end audit working paper preparation, compilation of financial statements and note disclosures in accordance with GAAP as applicable to Hospitals.
- Support clinical program areas in reviewing and analyzing monthly operating results and strategizing effective financial savings and controls
- Coordinate and submit all external reporting requirement of the various funding agencies (eg Ontario Health, Canada revenue Agency,etc.) including but not limited to:

- MIS Trial Balance compliance and reporting
- HAPS and CAPS including schedules
- SRI quarterly reporting of actual performance and forecast.
- SRI year-end reports reconciled with the audited results.
- T3010 Charity Information return
- BPS Consolidation
- Monitor emerging accounting standards and implement as required.
- Develop and monitor internal controls in order to mitigate risk, ensure integrity and accuracy of financial information, especially as it affects Ministry reporting and funding.
- Overall responsibility for the Hospital’s financial systems including establishing and maintaining strong policies and procedures and communicating policy changes.
- Responsible for the hospital’s budgeting systems, Questica, lead the implementation and testing of new systems and system upgrades.
- Support the Director of Finance with board reporting, analysis and guidance to be used for strategic and operational initiatives.
- Participate in the implementation and testing of new financial information systems and system upgrades.
- Direct, mentor and coach staff to work cohesively and develop professionally to function at their full potential
- Identify and recommend opportunities for increased efficiencies within the department and Hospital wide.

**Secondary Responsibilities**:

- Respond to internal and external requests for information
- Represent the Hospital on internal and external committees
- Execute other duties as assign by the Director of Finance

**Decision Making**
- Global and programmatic funding allocation to appropriate operations
- Interpretation and recommendations of analyses to support decision making
- Workflow and policies, setting priorities for the functional area and ensuring cross-functional integration
- Defining financial reporting system specifications
- Human resource development including hiring, mentoring, discipline and performance review

**Education**
- Chartered Professional Accountant (CA, CMA or CGA) designation coupled with a Degree in business or relevant program of study.
- Masters Degree in Business, Health Care Administration or equivalent desirable.
- Expertise in financial planning, budgeting and analysis.
- Expertise in financial reporting and control management
- Demonstrated in depth knowledge of Public Sector Accounting Standards for Not-for-profits
- In-depth understanding of the current hospital funding models is desirable
- Knowledge of MIS standards is desirable
- Advance