BUDGET ANALYST

City of Toronto • Toronto, ON

4d • CA$47 - CA$52 • Onsite

About The Position

To co-ordinate and direct the development, preparation and monitoring of budget estimates, complement management, detailed variance analysis and assists in operational planning reporting.

Requirements

• Post-secondary education in Accounting, Payroll, Business or Finance, or the equivalent combination of education and related experience.
• Experience in the preparation of budgets, complex financial statements, and Operating and/or Capital Budget processes and systems (e.g. Captor, PBF, SF etc.).
• Experience with cost-shared programs, variance analysis, reporting out on financial and other performance measurements, and accounts reconciliation.
• Considerable experience with computer-based accounting, financial and purchasing systems (e.g. SAP/S4, Ariba), and spreadsheets and databases using Excel.
• Knowledge in accounts receivable, accounts payable, purchasing, general ledger and capital project accounting.
• Knowledge of generally accepted accounting principles, techniques and practices.
• Knowledge of financial and accounting principles and practices, maintenance of general and subsidiary ledgers, deployment of control accounts, age analysis of receivables, and Generally Accepted Accounting Principles (GAAP), proficiency in mathematical calculations, and high degree of accuracy with figures.
• Knowledge in Microsoft Office products such as Word, Excel, PowerPoint and/or other business systems.
• A high level of skill in the extraction of large amounts of data from corporate systems and organizing, analyzing and transforming the data into information for management decision making.
• Ability to exercise discretion, judgement and work independently, with a high degree of initiative and creativity.
• Ability to maintain confidential information.
• Strong analytical and organizational skills and the ability to deploy these skills through participation on project teams to meet deliverables.
• Excellent communication, presentation and interpersonal skills, with the ability to interact with and communicate effectively at all levels of the organization, as well as with external partners.
• Knowledge of City of Toronto Collective Agreements, corporate financial control by-laws, policies, procedures and practices.
• Ability to support the Toronto Public Service values to ensure a culture that champions equity, diversity, and respectful workplaces.

Nice To Haves

• Familiarity with public sector performance measurement, and the ability to research and track useful process and product measures for reporting the effectiveness and efficiency of Divisional programs is an asset.

Responsibilities

• Performs research and prepares budget and financial status reports.
• Develops and prepares financial statements to advise management on the financial status of various operating budget items, using information extracted from corporate and divisional accounting systems and databases.
• Researches and collects data for reporting the effectiveness and efficiency of Divisional / Unit programs based on performance measurement criteria.
• Prepares budget allotment schedules and takes necessary action to effect and maintain control of supplemental budget adjustments throughout the year.
• Liaises with staff of Finance, Payroll, Complement, Procurement and the Budget Office, and assists in the preparation of financial reports and budget-related correspondence.
• Reviews all materials and purchase requisitions for availability of funds.
• Assists in the processing of subsidy requests and annual information returns.
• Tracks Capital Budget project progress, expenditures, commitments, completion status and year-end projections.
• Reviews Divisional financial statements for accuracy and completeness, determines accounts to be charged on all types of accounting documents, and liaises with Finance staff in establishing new Divisional account code requirements.
• Monitors operating, capital and transition project accounts.
• Conducts cost benefit studies and financial research on divisional operations from concept to completion.
• Develops, prepares and maintains monthly budget variance and forecast reports in relation to Operating budgets for senior management of the Division.
• Reviews and analyses payroll, telecommunication and fleet expenses, and generates appropriate timely management information reports.
• Creates, develops and maintains complement and personnel payroll forecast system for inclusion in the Division's operating budget.
• Provides guidance to accounting clerks in the performance of their duties. Checks and verifies account codes, features of expense, prices, etc. on requisitions, disbursement vouchers and other accounting documents prepared by Divisional staff to ensure appropriate account codes are indicated and calculations are correct.
• Attends meetings with divisional senior management and Finance Department etc. to provide and clarify information and resolve issues.
• Reviews and updates current Divisional procedures as required to facilitate coordination of the division's budget submission, etc.
• Creates spreadsheets and provides additional documentation to supplement the division's operating and capital budget submission.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree