Director, Corporate Financial Planning - Toronto, Canada - Toronto Transit Commission

Toronto Transit Commission

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

JOB INFORMATION

Requisition ID: 7861

Number of Vacancies: 1

Department:
Finance Budgets And Costing

Salary Information:
$123,377.80
- $154,281.40**
Pay Scale Group: 12SA

Employment Type:
Regular

Weekly Hours: 35,
Off Days: Saturday & Sunday
Shift: Day

Posted On:
February 9, 2024

Last Day to Apply:
February 23, 2024

Reports to:
Head, Financial Planning & Analysis - Operating

The Toronto Transit Commission (TTC) is North America's third largest transit system and has been recognized as one of the top places to work in the GTA.

Guided by a forward-thinking strategic plan, the TTC's vision is to be a transit system that makes Toronto proud.

The TTC's recruitment efforts are directly aligned to its mission of providing "a reliable, efficient, and integrated bus, streetcar and subway system that draws its high standards of customer care from our rich traditions of safety, service and courtesy.

"

General Accountability:

Key Job Functions:

Developing corporate operating planning, budgeting and/or funding strategies, policies, directions, guidelines, processes and tactics to be recommended for achieving the strategic priorities of the Corporate Plan, the Board and the City
Directing short and long term financial planning analysis and forecasting to inform strategy development, based on external and economic indicators, systemic trends, analysis, sound financial management principles, affordability and service needs
Leading the planning, development, launch and management of the operating budgeting process, including related strategies, policies, guidelines, tools, assumptions, schedules, issues resolution, decisiontracking and communications to advise on any key changes from the previous year
Collaborating with the Director, Business Partner Support to analyze operating budget submissions, future year Outlooks and business cases; prioritize budget requests based on the Corporate Plan; and recommend the most efficient and effective use of resources to senior management and the Board
Directing the corporate consolidation, analysis and development of the annual Operating Budget and future year Outlooks, including analyses to: align budget estimates with service/business plans, service levels, schedules, and past performance; validate readiness to proceed with appropriate resourcing levels and procurement strategies; and align budgets with revenue projections and available funding
Supporting the costing team to lead large and complex costing assignments or operating impacts of Major TTC initiatives.
Reviewing and monitoring financial models and cost estimation principles, methods and techniques.
Monitoring and reviewing monthly operating spending and identifying inyear trends and any mitigating strategies to address spending variance
Leading the development, maintenance, continuous improvement and use of corporate financial performance dashboards to monitor financial health and performance metrics and conduct corporatewide analyses
Leading the preparation of financial updates and related presentations for internal Committees, senior management, the Board and the City
Leading the development of financial summaries for corporatelevel Board Reports, identifying the recommendations' financial impacts, reviewing with stakeholders, and obtaining all necessary approvals
Overseeing corporatelevel analyses for emerging issues, priorities or requests made by senior management and the Board
Leading the financial modelling and analysis to estimate the future operating budgeting/cost impacts of new, major and/or highprofile TTC initiatives such as transit expansion, regional service integration, and business transformation, to support senior management's strategic and operational decision making
Acting as a member of TTC's labour negotiations team responsible for costing and financial modelling of management and union proposals
Acting as a key business sponsor for planned implementations of SAP modules as required

Key Job Functions continued:

Briefing and advising senior management on major financial planning, budgeting and management matters to ensure understanding of financial challenges, accountabilities, budgets, performance, health and risks
Developing a highperforming team; ensures effective teamwork; high standards of work quality, accuracy, timeliness and organizational performance; encouraging continuous learning and innovation in others
Overseeing the development and delivery of training and procedures related to operating budgeting concepts, strategies, policies, tools, analysis, financial management, controls and reporting, and collaborating with Business Management & Performance staff to create and deliver appropriate business training
Promotes a respectful work and service environment that supports diversity, inclusion, and is free from harassment and discrimination. Provides