BUDGET & FINANCIAL ANALYST (I) - JD0656

Job Description
Bachelor's degree in Finance, Accounting,

Economics, or relevant field of study.

Requires 4 years of relevant experience.

Anticipated Fill Date
ASAP

Existing Vacancy?
Yes, backfilling existing role

Job Description Number
JD00656

The mission of the Department of Medicine is to provide outstanding clinical care, to provide superlative education and to maintain our position as a world-leading centre for research and innovation. The Department of Medicine is the largest department in Faculty of Health Sciences with 18 divisions in an academic, clinical and research environment employing over 1000 staff and 360 full-time faculty.

Job Summary:
We are currently seeking a highly motivated Budget and Financial Analyst (I) . In this role, you will drive our financial planning by coordinating, consolidating, and analyzing financial data to develop program budgets that maximize our fiscal resources. Beyond forecasting, you will serve as a leader within the department by training colleagues on financial procedures and providing day-to-day supervisory support to other staff.

Should the successful applicant be a Unifor Unit 1 bargaining unit member, who meets the eligibility conditions of Article 19.02 of the Unifor Unit 1 Collective Agreement, then the Limited Term Assignment will be defined as a Career Growth Opportunity in accordance with Article 19 of the Unifor Local 5555 Unit 1 Collective Agreement.

Accountabilities
Analyze financial information to aid in the development and implementation of short-term and long-term financial planning.

Develop multi-year budgets for review and approval.

Project revenues and prepare detailed calculations of projected compensation costs and other expenditures.

Prepare budget appropriation adjustments required after the approval of the original budget.

Prepare working papers and consolidate information in accordance with financial auditor requirements.

Develop estimates of time, resources, and budgets for various program activities and events.

Plan and coordinate timetables and budget processes for budget review with various departments.

Meet with departments to review resource plans in order to prepare financial projections.

Coordinate and schedule data flow and financial information required for the preparation and development of detailed financial statements.

Scrutinize, analyze, and reconcile detailed financial reports and records.

Monitor and investigate error and exception reports.

Analyze business processes to ensure efficiency and proper controls for accurate financial reporting and the safeguarding of assets. Recommend changes to improve processes.

Act as a resource to staff, departments, and external agencies, and respond to inquiries, questions and concerns pertaining to financial issues.

Provide advice on the restructuring of accounts for proper management control and streamlined reporting.

Coordinate the collection, verification, analysis and reporting of financial data.

Interpret and communicate applicable financial policies, procedures and guidelines to others.

Assist with internal and external audits by preparing audit files and responding to auditor inquiries.

Develop and deliver training and information sessions.

Analyze data and assess for reasonableness.

Develop budgets for review and approval.

Implement and maintain budgets. Create financial projections and make adjustments to budgets throughout the fiscal year.

Exercise appropriate controls, monitor, and reconcile accounts.

Write a variety of document and reports such as procedure manuals, accounting reports, and financial statements.

Perform various analyses and reconciliations of accounts.

Generate reports and account statements and review for accuracy.

Provide training and guidance to others on relevant accounting procedures and the use of financial systems.

Calculate, prepare and issue invoices, cheques, account statements and other financial statements according to established procedures.

Receive, send, sort, verify, process and prepare various documents such as purchase orders, invoices, cheque requisitions, receivables, and payables.

Process, verify, and balance financial records and business transactions, such as accounts payable, accounts receivable, and payroll.

Monitor and reconcile statements and participate in the reconciliation of accounts.

Prepare and generate a variety of scheduled and ad hoc reports.

Update, maintain, and verify information in a variety of spreadsheets and databases.

Balance and control cash receipts, including floats, petty cash and cheques.

Apply standard mathematical skills such as calculations, formulas, and equations to perform a variety of calculations.

Create spreadsheets inclu