SENIOR BUDGET ANALYST

City of Toronto•Toronto, ON

2d•CA$105,241 - CA$146,191•Onsite

About The Position

Reporting to the Manager Finance & Administration ED&C, the Senior Budget Analyst will coordinate, provide direction and advice on the development of annual budgets, presentation, and defence in the administrative and political reviews. The Senior Budget Analyst will oversee the implementation, analyze and monitor the budget throughout the year, and assist with performance measures development, variance reporting, and special projects within Program areas.

Requirements

Post-secondary education in Business Management, Accounting or Finance, or equivalent combination of education and experience.
Considerable experience using enterprise-wide computer-based and financial systems such as SAP S/4HANA, Public Budget Formulation (PBF), Excel spreadsheets, and other Microsoft Office Applications (Access, Word, PowerPoint).
Considerable experience in applying principles and best practices towards effective financial analysis and reporting, budget development, processes and control techniques within a large private or public sector organization.
Considerable experience in period end closing, financial projections, reconciliation of accounts, and development of business cases.
Strong communication skills (written and verbal) and the ability to establish effective working relationships with all levels of staff and external clients.
Ability to manage assigned projects from inception to completion through effective leading, planning, developing, coordinating and implementing.
Ability to develop financial accounting policies based on operational needs, and consistent with the overall corporate accounting framework.
Ability to learn new technologies and current processes and to take initiative to enhance and redevelop existing practices.
Highly skilled in writing briefing notes, business cases, reports and preparing presentations.
Highly skilled in the discipline of extracting, organizing and analyzing large amounts of data from various databases and transforming it into information for decision-making at the management level.

Nice To Haves

A recognized accounting designation (e.g., CPA) is considered an asset.

Responsibilities

Implements detailed plans and recommends policies/procedures regarding program specific requirements.
Monitors, controls and analyses expenditures, revenues and management of budgets throughout the year. Reports on variances and financial performances in relation to the budgets.
Assists in project planning, performance, operational and financial assignments.
Provides analytical support in budget development, expenditure and revenue monitoring and operational planning by organizing the collection and interpretation of appropriate data on costs, staffing and other resources.
Works with Finance Supervisor and divisional management in developing operational and financial strategies, budget matters, measurement criteria and evaluation of theses measurement criteria against achievements. Provides direction for management in all accounting and financial matters.
Coordinates the annual budget process within the divisions and provides assistance to program areas. Analyzes divisions' budget submissions for content, accuracy, compliance to instructions and determines the adequacy of justifications.
Creates budget presentation, budget notes and other financial documents to support budget submissions.
Prepares financial reports for program areas and ensures timely, accurate financial information and analysis is provided to divisional management to assist in their operational and financial decision making.
Participates on corporate and divisional task forces and project teams as a financial resource in either a leadership or membership capacity.
Prepares operating variance reports and variance analyses, within guidelines provided by the Financial Planning Division and appropriate forecasting techniques, comments on historical trends and future expenditure patterns, determines the course(s) of major variances in consultation with senior management of the cluster. Identifies significant variances and recommends key strategy initiatives and corrective actions to senior management.
Provides support and direction to divisional managers and the service area senior management team in operational planning and development of operational and financial strategies, by monitoring key performance and financial indicators.
Liaises with the Financial Planning Division during the development and approval of the operating budget on variance reporting and on financial issues in briefing notes and committee reports.
Develops effective financial control mechanisms to monitor expenditure and revenue compliance with budgeted levels, analyzes and reports on key operational data that measure program effectiveness and administrative efficiencies.
Initiates the development of new or enhanced reporting systems in order to support the provision of accurate and timely information to division management, Council members, other levels of government and the media to ensure compliance with corporate requirements.
Develops financial policies and procedures, reviews and analyzes them to ensure the integrity of internal controls.
Establishes credible professional relationships with client programs and other customers which enable the provision of value added strategic and financial advice to programs in regard to their services, budgets, operations or core businesses.
Works closely with appropriate program and staff to facilitate operational efficiency, financial viable services and implementation of Council recommendations.
Liaises and provides advice in regard to the operating budget process to programs that seek approval of budgets from Council.
Monitors, evaluates and assists programs with appropriate recommendations in regard to annual expenditure and revenue performance, as compared to approved budgets.
Reviews budget transfers and supplementary adjustments to ensure conformity with City authorizations and policy.
Develops analytical and procedural techniques in order to optimize budgetary planning and control.
Reviews reports and research produced by others to determine the potential financial impact on the City and prepare appropriate responses.
Advises divisional management on a day to day basis concerning budget issues relevant to their areas of operation.
Provides professional advice and guidance to senior management and other staff as required.
Evaluates the impact of government policies and/or divisional initiatives and designs administrative procedures in response to new cluster and provincial policy and legislation initiatives.
Ensures compliance with corporate policies and procedures, establishes cluster policies, procedures, guidelines and standards in the areas of budgets.