Financial Analyst - Toronto, Canada - City of Toronto

City of Toronto

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job ID: 37005

Job Category:
Finance, Accounting & Purchasing

Division & Section:
Toronto Paramedic Services, PS Operational Support

Work Location:4330 Dufferin St, Toronto

Job Type & Duration:
Full-time, One (1) Permanent, Full-Time & One (1) Temporary Full-Time (12 months)

Hourly Rate and Wage Grade:
$ $49.41

Shift Information:
Monday to Friday, 35 Hours per week (70 hours bi-weekly)

Affiliation:
L79 Full-time

Number of Positions Open: 2

Posting Period: 16-MAY-2023 to 31-MAY-2023

Major Responsibilities:

To provide an overall financial/accounting and procurement managed services to Toronto Paramedic Services through daily and monthly financial analysis, variance analysis, budget and research analysis, preparing and processing documents, review of divisional procedures, risk assessments, enhancing and developing financial and internal controls, participating in multi-disciplinary project based team assignments, monitoring corporate accounting and purchasing policy initiatives and other support

Conducts research, evaluates alternatives, develops business cases and provides appropriate cost/benefit and financial analysis on various financial accounting issues impacting the Division
Conducts detailed analysis, variance analysis and appropriate follow up of financial accounting issues and recommends needed corrective action in regards to revenues, expenditures and commitments
Reviews all divisional and corporate policies, processes and procedures and financial information systems; evaluates risk exposure; reports findings to Supervisor and Manager; and develops and/or recommends improved/enhanced internal controls
Prepares comprehensive financial reports/briefing notes/correspondence and other analyses as requested by the Supervisor/Manager for Senior Management Team and/or Council on financial accounting and variance reporting issues, including contract usage reports
Preparation of staff reports/briefing notes/documents, including research and analysis, to support and establish procurement protocols for award of contracts, amendment of contracts and any requirements for contract management
Responsible for preparing new or reoccurring procurement documents (such as RFQs, RFPs, RFIs) and work directly with Division staff, including the Division's Legal Advisor as needed, and work directly with Corporate PMMD staff to ensure completion and accuracy of competitive bid procedures or noncompetitive procurement procedures, following Corporate Purchasing By-Laws, policies and procedures
Preparing and reviewing the Division's monthly contract management reports and alerting Division staff and Supervisor as needed in a proactive manner avoiding overspent contracts
Monitors and evaluates the effectiveness of revenues, payables and purchasing processes on a regular basis; reports findings to Supervisor and Manager; recommends and participates in the implementation of improved procedures
Participates in studies or initiatives from program, identifies financial risk areas, makes recommendations and helps in the implementation of initiatives
Participates on project teams/adhoc committees as the financial representative and provides a financial perspective that can affect any decisions or recommendations made
Provides sound advice, guidance and analytical services regarding procurement, accounting and budget issues to divisional staff
Assists the Manager and the Supervisor in the performance of their work including adhoc analysis
Ensures Divisional compliance with Cluster/Corporate financial policies and procedures, with focus on the City's Purchasing Bylaws, policies and procedures
Establishes and maintains an effective program for financial control of various services, service elements and activities
Performs detailed analysis of the general ledger and prepares adjusting journal entries, if and when required
Responsible to take initiative, work overtime and meet Corporate deadlines as necessary
Coordinates and/or provides work direction and/or performs backup coverage on accounts payable or other unit financial tasks to support other team members

Key Qualifications:

Completion of a professional accounting designation, e.g. CA, CPA, or Bachelor's Degree in Business or the equivalent combination of education and experience.
Extensive work experience at a senior accounting level in the public or private sector working directly with Senior Management.
Extensive experience in accounting, accounts reconciliation, purchasing and procurement, contract administration, with strong experience using the City Purchasing By-Laws Policies and Procedures.
Extensive experience in SAP in the areas of Purchasing/Accounts Payable, Accounts Receivable, and GL, with extensive knowledge of financial and accounting systems, processes and system controls.
Advanced experience in Excel and MS Office including practical experience in compute