Senior Financial Business Analyst

Humber River Health•Toronto, ON

16h•CA$50 - CA$62•Onsite

About The Position

Humber River Health is seeking a Temporary Full-time Senior Financial Business Analyst to join their Financial Services team. This role involves developing, tracking, and analyzing budget and financial data and reports for accuracy and timeliness. The hospital, established in 2015 as North America's first fully digital hospital, serves a community of 850,000 residents in North West Toronto and is committed to equity, inclusivity, and innovation in healthcare through technology and clinical expertise. Humber River Health is affiliated with the University of Toronto and Queen’s University and is focused on clinical excellence, optimizing care through technology, and community connection.

Requirements

Undergraduate degree in accounting or finance
Charted Professional Accountant (CPA) Designation
7 years accounting experience, preferably in healthcare
Demonstrated knowledge and experience in: Generally Accepted Account Principles and Public Sector Accounting Standards
Demonstrated knowledge and experience in: Public Funding Models
Demonstrated knowledge and experience in: Data management and analysis
Demonstrated knowledge and experience in: MS Office Skills with excellent proficiency in Excel
Demonstrated excellent data management, analytical, organizational, problem solving, and analytical skills
Demonstrated ability to work independently and meet tight deadlines

Nice To Haves

Leadership and conflict management skills preferred
An understanding of equity, diversity, and inclusion principles as they relate to health practices is an asset.

Responsibilities

Apply Generally Accepted Accounting Principles (GAAP)/Public Sector Accounting Standards (PSAS) and Ontario Healthcare Reporting Standards (OHRS) to accurately record monthly financial results.
Review monthly actual vs. budget results; follow up on significant variances, and determine appropriate action; refer highly complex issues to Manager/Director for resolution.
Reconcile balance sheet accounts on a monthly basis and follow up on issues.
Report Provincial Grants (e.g. Ministry of Health (MOH), Ministry of LongTerm Care (MLTC), Ontario Health (OH), etc.), Foundation, Research, and other income sources to project income/funding streams.
Work with client group to allocate monthly funds to expenditures that meet donor funding priorities; follow up on outstanding issues.
Maintain funding reconciliation and deferred revenue schedules to track and record funding revenue from MOH/MLTC/OH.
Update monthly continuity schedule for grants and capital donations; track additions, amortization, and write-offs aligned with corporate policies and accounting principles to determine appropriate amortization period in collaboration with Manager/Director.
Develop monthly financial reports to be presented by Director/CFO at senior management team (SMT) meetings for leadership decision-making, and at board finance committee.
Create and maintain custom financial reports within the Meditech General Ledger module.
Review current report designs to assess compliance with current reporting requirements and update reports to meet requirements.
Develop and distribute ad-hoc internal reports.
Review physician on-call schedules (i.e. Hospital On-Call Coverage Program (HOCC) hospital stipend) to be submitted for payment.
Reconcile schedule of physician on-call payments to the general ledger to ensure payments comply with MOHLTC Funding Agreement.
Prepare working paper files for year-end settlement audit; respond to auditors’ queries; review year-end report for accurate completion in preparation for MOHLTC year-end report submission.
Provide financial information to auditors that meet audit requirements for year end.
Prepare data for HST audit.
Prepare remittance and reporting documents (i.e. taxes, funding models/sources, trial balances) to reduce financial penalties arising from past due payments.