Financial Analyst

The Corporation of the City of Markham • Markham, ON

9d • CA$90,715 - CA$114,948 • Onsite

About The Position

The City of Markham is seeking a highly motivated and experienced Financial Analyst with a growth mind set to join our Financial Reporting Division within the Financial Services Department. This fast-paced, high-profile position offers an exciting opportunity for an independent, creative thinker with municipal experience in financial reporting, analysis, and forecasting. As the City prepares for the implementation of a new ERP solution, this role will play a crucial part in ensuring seamless financial operations and accurate reporting during this transformative period. The Financial Analyst will be a key contributor to the integrity and accuracy of the City's financial information, with a particular focus on financial statements for the City, associated entities and compliance with Public Sector Accounting Board (PSAB) regulations. This role will involve hands-on financial reporting, analysis, and active participation in month-end, year-end, and audit processes. Furthermore, the Financial Analyst will be instrumental in the transition to the new ERP system, assisting with testing and ensuring financial reporting continuity.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related discipline with a minimum of five (5) years of progressive experience in financial reporting and analysis.
• A professional accounting designation (CPA, CA, CMA, CGA or equivalent) is required.
• Exceptional analytical skills with the ability to research and interpret complex financial issues, often involving cross-functional corporate teams.
• Superior verbal and written communication skills to present findings, recommendations, and complex financial information in a clear, concise, and impactful manner.
• Demonstrated ability to be a hands-on, results-oriented analyst who excels at meeting established goals and objectives within tight deadlines.
• Strong consensus-building skills and the ability to influence others to achieve financial plans and challenge the organization to meet aggressive corporate financial goals.
• Independent and creative thinker who can approach financial challenges from both a strategic and tactical level, depending on the business circumstance.
• Highly proficient in a computerized environment, with advanced knowledge of Microsoft Excel (including advanced macro capabilities, Pivot Tables, and complex formulas), Microsoft Access, and PowerPoint.
• Familiarity with financial software applications is essential; experience with ERP systems, particularly in a municipal context, is a significant asset.
• May be required to work extended hours during peak financial periods (e.g., year-end, ERP go-live).

Nice To Haves

• Municipal experience in financial reporting, analysis, and forecasting.
• Experience with ERP systems, particularly in a municipal context.

Responsibilities

• Prepare and review financial statements for associate entities, ensuring accuracy and compliance with relevant accounting standards.
• Manage current and upcoming new Public Sector Accounting Board (PSAB) regulations, ensuring timely adoption and adherence in all financial reporting.
• Assist in the compilation of financial statements for Government Business Enterprises (GBEs) for City owned operations and the City.
• Responsible for the timely and accurate reporting of departmental and corporate operating expenses on a monthly, quarterly, and annual basis, including detailed analysis and reconciliations of general ledger accounts.
• Participate actively in month-end and other accounting/record-keeping matters, including journal entries, reconciliations, and closing procedures.
• Assist in the preparation of year-end comparative financial statements and supporting schedules, ensuring all necessary disclosures are included.
• Work closely with the external audit team, providing all necessary critical information and supporting documentation to facilitate a smooth and efficient audit process.
• Prepare and compile information for the calculation of indirect tax recoveries, actively seeking to maximize savings for the City.
• Deliver timely, comprehensive, and quality management reporting, including key financial metrics and performance indicators.
• Research, analyze, and make recommendations via written reports and PowerPoint presentations for special financial projects.
• Provide ad hoc financial support to Business Unit Leaders across the City, responding to their specific financial information needs.
• Assist in testing various processes for the Financial Reporting Division during the implementation of the new ERP solution, ensuring data integrity and functionality.
• Identify procedures and systems that can be improved within the financial reporting function, proposing and implementing solutions to enhance efficiency and accuracy.
• Recommend and implement solutions to complex accounting issues, particularly those impacted by new regulations or system changes.
• Provide financial expertise to support operating departments within the City, offering guidance on financial policies, procedures, and best practices.
• Contribute to the formulation of financial policies and procedures by participating in multi-discipline projects that address the operating and financial requirements of the Corporation.

Benefits

• The City of Markham is committed to inclusive, accessible and barrier free employment practices and to creating a workplace that reflects and supports the diversity of the community we serve.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level