Manager, Finance

**Regular/Temporary**
- Regular

**Job Title**
- MANAGER, FINANCE

**Job ID**
- 67804

**Location**
- HSC- Central Campus

**Open Date**
- 02/25/2025

**Job Type**
- Continuing

**Close Date**
- 03/30/2025

**Employee Group**
- TMG

**Favorite Job**

**Department**
- Pediatrics

**Salary Grade/Band**
- Band K

**Salary Range**
- $77996.00 - $116993.00 (annual)

**Hours per Week**
- 35

**Posting Details**

**Schedule**
- Mon-Fri 8:30 am - 4:30 pm

**Education Level**
- Bachelors Degree ; Accounting Designation (CPA)

**Career Level**
- Management

**Department Summary**

**Job Summary**

The Finance Manager provides effective and efficient management of all financial activities within the Department of Pediatrics. The Manager is accountable for the management and administration of the financial resources within the Department in accordance with University and Faculty policies and procedures and departmental goals and objectives. The Finance Manager supports the Chair and the Director of Administration in financial matters and decision-making. The Manager is also responsible for leading and managing finance staff members and overseeing financial work done by other department staff. The Manager works in collaboration with the Chair, the Director of Administration and the Human Resource/Operations Manager to ensure the efficient operation of the Department.

**Accountabilities**

**Financial Management**

The Finance Manager, supports the Chair, the Director of Administration the Department's Executive/Financial Management Committee in setting financial priorities and plans for the Department and monitors the annual budgets ensuring that appropriate financial controls are in place and that they are in accordance with Generally Accepted Accounting Principles (GAAP), McMaster University and Faculty of Health Sciences policies and procedures.

This will entail overseeing the financial transactions of two Alternate Funding Plans (AFP), the clinical practice plan, research account reconciliation, department operating funds and education specifically restricted funds. In addition, the Finance Manager has a liaison relationship with the pediatric accounts within both Hamilton Health Sciences and St. Joseph's Healthcare.

The Finance Manager will provide accurate and timely financial reports to the Chair, the Director of Administration as requested, including regular updates to revenue and expenditure projections.

Under the direction of the Director of Administration, the Finance Manager will be responsible for financial management of the department’s operating budget in cooperation with and oversight by the Faculty Finance Department and the the McMaster Pediatric Physician Association (MPPAfunds, and the department’s research portfolio. To achieve this outcome the Manager of Finance will:

- Develop business plans for education, research and clinical activity for the department and MPPA.
- Understand and adhere to Faculty financial policies and guidelines
- Develop reports to enable the Director to monitor and manage multiple budgets according to multiple institutional policies, procedures and funding requirements.
- Responsible for Alternate Funding Plan (AFP) projects, including payments to physicians
- Assist in the development of financial plans for new funding initiatives
- Assist in the development of a model for distribution of funds based on teaching and research contributions
- Support the Director of Administration in the distribution of funds and refine the processs for the distribution of these funds.
- Provide information as requested to support the annual external audit of the Alternate Funding Plan (AFP).
- Be responsible for the preparation and ongoing accuracy of all cost of practice accounts including meeting with faculty members on a regular basis in order to discuss and assess financial performance.
- Assist with the administration of endowed chair and professorship funding.
- Monitor the department’s financial position by reviewing transactions in all funds on a regular basis.

**Supervision of Support Staff**

The Finance Manager will be directly responsible for the supervision and leadership of the financial operation of the Department of Pediatrics and those matters directly related to the AFP. The Finance Manager will supervise the Budget Analysts, Accounting Assistants and Data Management Assistants that comprise the finance team. The Finance Manager will also provide guidance and advise on work procedures including but not limited to:

- Establishing work priorities and schedules by allocating staff to meet both short and long term work requirements
- Providing training as necessary
- Establishing quality and quantity standards for the finance unit, ensuring that they are met
- Addressing work related employee problems and manage attendance and performance related issues.

The Finance Manager will be responsible for the hiring of staff for this unit and for managing the probationary perio