FINANCIAL ANALYST REV SVCS

City of Toronto•Toronto, ON

3d•Onsite

About The Position

Reporting to the Supervisor, Operational Accounting & Financial Reporting, this position is responsible for assisting in the overall financial management of the division through research, financial analysis, non-program budget preparation, variance analysis/reporting, review of divisional processes/procedures, risk assessments, enhancing and developing financial and internal controls, and other support.

Requirements

Completion of a professional accounting designation (i.e. CPA, CA, CMA or CGA) and/or equivalent combination of education and experience in the accounting/financial management field in a large public or private organization.
Considerable experience in the preparation of financial, budget and variance analysis.
Considerable experience in reviewing the effectiveness of financial and internal controls.
Extensive experience with computer-based accounting systems (i.e. SAP), MS office products (i.e. Access, PowerPoint, Excel and Word), project management tools/applications (i.e. MS Project) and corporate database report writing tools (i.e. InfoMaker, Crystal).
Excellent interpersonal skills to act as divisional representative and to liaise with all levels of staff, other levels of government, legal, councillors, public, and other external contacts in an efficient, discrete and diplomatic manner.
Demonstrated advanced analytical and problem-solving skills with the ability to develop and recommend effective solutions.
Highly developed communication skills, both oral and written, at all organizational levels.
Ability to conduct detailed and/or non-structured research or analysis with minimum supervision, within tight deadlines.
Thorough knowledge of municipal accounting principles and practices, financial statement preparation, performance measures, and Public Sector Accounting Board (PSAB) standards.
Knowledge of relevant policies, procedures, federal and provincial legislation, and municipal bylaws that would be relevant to this position.
Familiarity with government legislation in the area of Occupational Health and Safety

Responsibilities

Evaluates alternatives, develops business cases and provides appropriate cost/benefit and financial analysis/advice on various financial issues impacting the division
Participates in the development and implementation of new business processes for new corporate revenue streams
Reviews divisional policies, processes, procedures and systems; evaluates exposure to risk; reports findings; and recommends and/or develops improved/enhanced internal controls
Monitors and evaluates the effectiveness of cash handling procedures on a regular basis; reports findings; recommends and participates in the implementation of improved procedures
Participates in the preparation of the Division's non-program revenue and expenditure budgets (e.g. Property and other taxes, Utility charges and Parking Tags)
Conducts detailed analysis and appropriate follow up of issues and recommends needed corrective action in regard to non-program variance reporting, budgeting, and/or financial control for the division
Prepares financial reports/briefing notes/correspondence for the Senior Management Team and/or Council on non-program budgetary issues, internal control issues, BIA issues, PIL and other related divisional initiatives as required
Represents the division at BIA Annual General Meetings, Economic Development (BIA Budget) information presentations/seminars, TABIA meetings, and meetings with individual BIA organizations
Participates in the calculation, preparation, and presentation of Business Improvement Area levies and By-laws to City Council
Provides input in the calculation of the tax and utility rates
Participates in the Division's tax, utility and tag related year-end closing and reporting activities, including the analysis and preparation of year-end financial statements, reports and adjustments, in compliance with year-end accounting deadlines
Balances, accounts for revenues, fees and HST; and prepares financial reports/statements relating to various revenue streams
Provides financial information and disbursements to BIA's and the 4 school boards as legislatively required
Develops and assists in the implementation of financial models and assesses the financial impact various divisional policies have on Tax, Utility and Parking Tag receivables/revenues, reports findings, and makes recommendation for improved policies/procedures
Participates/coordinates studies for specific programs and/or divisional projects; coordinates the work, delegates tasks and responsibilities to staff assigned to the specific projects
Prepares year-end accrual & calculates provisions for bad debt for various revenue streams
Participates in the reconciliation of PIL accounts; liaising with the Payment Programs Unit, in an effort to formulate adequate provisions, and formalize write off recommendations to Council on a timely basis
Participates in the development, review and monitoring of effective performance measurements for the unit. Conducts benchmarking across sectors as required
Identifies system problems/issues, recommends improvements/enhancements, tests system modifications, advises Supervisor of test results and assists with implementation
Responds to inquiries or other issues escalated beyond the scope of front-line staff, ensuring a prompt, courteous reply, including appropriate action and follow up
Liaises with City divisions (including Legal, Accounting, Economic Development, Budgets, Toronto Water, Solid Waste, etc.), provincial governments, MPAC, school boards, other municipalities, and external organizations (e.g. Teranet) as required
Participates in staff training and development