Senior Financial Analyst, ERP

Provide decision support, business and financial analysis expertise, and advice to WSIB management on activities related to the implementation of our cloud ERP system, ensuring its optimal performance and seamless integration with other software applications/tools.

Provide detailed level financial analysis and management reporting project management methodologies and previous ERP experience to assist WSIB in meeting its corporate objective of financial sustainability.

Major Responsibilities:

1. Perform data scrubbing, integrity validation processes and analysis and prepare various financial and business activity reports to identify trends and project information such as the monthly/quarterly Financial Report to the Executive Committee, Audit & Finance Committee and Board of Directors. The quarterly Financial Report includes a year-end projection and identifies issues, trends, and actual vs. budget variances in order to assist senior management in making sound business decisions.

2. Prepare the Benefit Payment Analysis Committee (BPAC) Supplementary Report analyzing benefit payment costs to support the BPAC members as well as the monthly Financial Report, forecasting and budgeting of benefit payments. This includes the collaboration with the BPAC Sub-Committee Leaders in determining cost and claim trends and reasons for differences from budget and historical results.

3. Analyze premium revenues by industry sector and produce various monthly supporting schedules including analysis of insurable earnings, premium rate, employment and average wages by industry sector.
4. Prepare monthly Financial Report requiring review, evaluation and analysis to identify trends, issues and provide variance explanations.
5. Prepare supplementary schedules such as Funding Ratio and Sufficiency Ratio calculations to track progress on elimination of unfunded liability and legislative requirements.

6. Liaise with related divisions to ensure timely receipt and accuracy of information.

7. Forecast, budget and analysis of Premium Revenue, Investments, Experience Rating, Benefit Payments, Administrative Expenses and Balance Sheet items. In-depth knowledge and understanding is required to provide full disclosure to senior management and line managers on trends and variances to budget providing the necessary decision support.

8. Actively participate in the annual budgeting process to prepare multi-year plan including management reports and Financial Budget presentations to Audit and Finance Committee and Board of Directors.

9. Forecast of Premium Revenue, Investments, Experience Rating, Benefit Payments, Administrative Expenses and Balance Sheet items in order to generate forecasted opening balances for the multi-year plan Financial Statements.

10. Co-ordinate and review various budget submissions including review, analysis and explanation of trends and variances.

11. Proactively provide expertise and input to develop and improve upon concepts, models, systems and processes from an analytic perspective. Provide sound options and knowledge from previous ERP implementation projects that will facilitate better decision making and create greater value to internal customers.

12. Forge, develop and maintain effective working relationships with the various divisions to ensure system integrator understands finance's detailed data definitions, user requirements, and impacted business processes.

13. Facilitate effective communication on requirements and resolve issues with senior management, line management, and associates is required.

14. Ensure systems such as Khalix, PeopleSoft General Ledger, Mainframe Databases, and Ops and Measures access databases are accessible in order to data mine and develop the various trend analyses.

15. Facilitate requirements gathering in relation to chart of accounts design and assess impacts on the design of the chart of accounts on any financial analytics.

16. Provide business and financial analysis advice, recommendations and education financial and business analysis related issues or queries as it relates to ERP implementation

17. Analysis of impacts of ERP and implications of expenditure commitments; post implementation financial analysis of initiatives and projects; methods/processes to improve cost reduction efforts; performance monitoring and forecasting processes.

18. Participate as a member of business process re-engineering, performance measurement and business or systems improvement project teams related to the end-to-end ERP life cycle, with focus on financial analysis/analytics

19. Identify project methodology and establish resources, deliverables and timelines.

20. collaborate across cross functional teams to develop and produce new metrics and reports in order to measure progress and to support senior management decision making.
21. Assist in the identification, development and recommendation of performance measures, indicators and outcomes to measure the effectiveness of ERP integration.

Job Requirements:

1. Education requirements:

Minimum Level Required

• Bachelor degree in business administration
• Professional designation
• (CMA, CGA, CA)
• Strong technical capabilities in Microsoft Excel, Word, PowerPoint and Access; Khalix; PeopleSoft and Cognos.
• ERP implementation experience
• Project Management Experience, PMP Preferred

Preferred Level

• Bachelor degree in Accounting or Finance
• Professional designation
• (CMA, CGA, CA, CFA or MBA)

• Same as minimum level

• Experience:

Minimum Level Required

• 2 years Familiar with Financial Statements; Critical thinking and analytical experience; budgeting, forecasting, financial analysis and management reporting.

Preferred Level

• 5 years Same as minimum level

Our commitment to equity, diversity and inclusion

We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated.

We value and celebrate diversity and are committed to creating inclusive experiences for both our employees and prospective employees. We invite all interested individuals to apply. If you require accommodations in order to apply to this position please contact If you are invited to participate in the interview or assessment process, you can advise our Recruiter of your accommodation needs at that time.

Please visit our EDI Vision to learn more about what actions WSIB are taking to advance our commitment to equity, diversity and inclusion and to support all employees participating and contributing to their full potential

Disclosing conflicts of interest

As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. A conflict of interest is any situation where your private interests may impair or be perceived to impair the decisions you make in your official capacity. This may include: political activity, directorship, other outside employment and certain personal relationships (e.g. with current WSIB employees, customers and/or stakeholders). If you have any questions about conflict of interest obligations and/or how to make a disclosure, please contact the Talent Acquisition Centre at

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To apply for this position, please submit your application by the closing date.