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: 46103

Job Category:
Finance, Accounting & Purchasing

Division & Section:
Toronto Court Services, TO Court Svcs Finance & Administration

Work Location:30 Adelaide Street East

Job Type & Duration:
Full-time, Permanent Vacancy

Hourly Rate:
$45.98 to $50.04

Shift Information:
Monday to Friday, 35 hours per week

Affiliation:
L79 Full-time

Number of Positions Open: 1

Posting Period: 17-APR-2024 to 01-MAY-2024

To provide an overall revenue, financial and accounting service to Court Services through research, financial analysis, budget preparation, variance analysis, review of divisional processes/procedures, risk assessments, enhancing and developing financial and internal controls, monitoring corporate accounting policy initiatives and

other support

Major Responsibilities:

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 regard 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 and 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 to support other team members.

Key Qualifications:

Completion of a professional accounting designation, e.g. CA, CPA, or Bachelor's Degree in Business
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 extensive knowledge of financial and accounting systems, processes and system controls.
Experience providing effective work direction and on the job training to other staff.

You must also have:

Knowledge of accounting principles and techniques, policies, procedures, maintenance of general and subsidiary ledgers, deployment of control accounts, reconciliation of accounts, and Generally Accepted Accounting Practices (GAAP).
Knowledge of the City's By-Laws, policies and procedures with respect to purchasing, accounting, accounts payable, revenues and financial reporting.
Highly skilled in extracting large amounts of data from corporate systems and organizing and analyzing that data for the purpose of transforming the data into information for