Corporate Financial Analyst: Wheel-trans Portfolio - 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: 7298

Number of Vacancies: 1

Department:
Finance Budgets And Costing

Salary Information:
$99, $124,724.60

Pay Scale Group: 10SA

Employment Type:
Regular

Weekly Hours: 35,

Off Days:
Saturday and Sunday

Shift:
Day

Posted On:
February 27, 2023

Last Day to Apply:
March 10, 2023

Reports to:
Manager, Operating Budgets

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:

Provides expertise, consultative advice, and guidance to senior management regarding operating budgets and related issues. Supports senior management in translating their business strategies into accompanying financial strategies, multiyear business & financial plans, performance measures and targets. Ensures corporate direction and standards are followed as they relate to financial planning & budgeting, financial controls, accounting, financial reporting and contractual agreements.

Key Job Functions:

Responsible for reviewing, coordinating, preparing and monitoring budget preparation, projections and updates
Communicates with management, and other key stakeholders on findings, major issues, proposed changes, and progress, providing specialist expertise, consultative advice, and guidance to senior management as required
Liaises with internal and external stakeholders to achieve objectives
Develops, programs and maintains comprehensive operating budget systems to accurately and efficiently calculate labour expenditures/budgets and investigate/research opportunities for improvements
Develops short and longterm operating budget forecasts, and alternate hypothetical models to account for potential variable scenarios, for senior management
Analyzes actual results, budgets and year over year trend analyses for review by senior management, including identification and evaluation of alternative strategies that may similarly achieve the desired financial and service level targets
Interprets budget directives from external parties, (e.g. City, Province), and participates in establishing strategies for achieving directives
Leads preparation of various Operating Budget documentation, period and yearend financial reporting, presentations, briefing notes and assists with preparation of Board reports
Conducts and/or coordinates training sessions for staff in the areas of budgeting concepts and proper utilization of budgeting tools.
Prepares monthly reports detailing departmental yeartodate and projected yearend budget variances, absence rates, workforce complement and supporting analyses for Senior Management
Contributes to quarterly Operating Budget Variance Reports for submission to the City
Develops and reviews Board Reports to ensure financial impact information presented is reasonable and accurate
Responsible for conducting research, developing interpretations and preparing financial / statistical reports
Performs research and analysis on various business requirements
Supports oversight of the performance of contractual obligations such as thirdparty service provide agreements
Meets with senior management to review business developments and ensure alignment with actual financial results, projections, forecasts and budgets.
Promotes a respectful work and service environment that supports diversity, inclusion, and is free from harassment and discrimination. Provides leadership in the development and implementation of inclusive and accessible policies, programs and/or services for employees and customers in accordance with TTC's commitments and obligations under the Ontario Human Rights Code (OHRC) and Related Orders, the Accessibility for Ontarians with Disabilities Act (AODA), and TTC's policies.

Skills:

Communicate in a variety of mediums
Education and Experience:
Completion of a post
secondary degree in Business Administration, Accounting, Finance, Economics or a related discipline, or a combination of education, training and experience deemed to be equivalent
Demonstrated work experience with SAP is preferred
Prior work experience in a directly related field where detailed knowledge of budgeting and financial analysis methods and procedures are important
Experience in the preparation of budgetary reporting, financial analysis and period and yearend financial reporting for a managerial audience
Demonstrated experience with cost control and audit principles, methods, practices, per