Finance Business Partner - Ottawa, Canada - Canadian Institute for Health Information

Canadian Institute for Health Information
Canadian Institute for Health Information
Verified Company
Ottawa, Canada

3 weeks ago

Sophia Lee

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Sophia Lee

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Description

Category

  • Finance

City

  • Ottawa, Toronto, Ontario, Canada
  • Finance
Business Partner

  • Who we are
  • We are an organization comprised of industry thought leaders who are passionate about health data and want to make a difference in the health care field. We are an independent, notforprofit organization and together with our partners we provide essential information on Canada's health systems, enabling decisions that lead to healthier Canadians. As a valued member of the CIHI team, you and your work will have a pivotal role in the evolution of Canada's health care systems.
CIHI is recognized as an exceptional place to work that embraces diversity, respect, integrity, collaboration and innovation.

Learn about our Equity, Diversity and Inclusion Strategy and the work being done to create a more inclusive and welcoming organization by focusing on how we learn, govern and practise.

At CIHI, we recognize what matters to our employees. Some of the benefits of working at CIHI include

  • HOOPP Pension Plan (Defined Benefits Pension)
  • Retirement Planning Program
  • Generous vacation days for permanent and longterm contracts
  • Worklife balance
  • Career Planning Program
  • Learning and Professional Development Program
  • Flexible benefits program from your first day on the job for permanent and longterm contracts
Why is this role important?

  • Under the direction of the Manager, Finance Business Partner Services, the Finance Business Partner plays a key role during quarterly, midyear, yearend and budget reviews by supporting managers and compiling/analyzing the financial activities, overall results and matters of particular interest or importance. The Finance Business Partner is responsible for conducting various financial analyses to support the key finance decision making of the ongoing activities/operations of the organization as well as for preparing financial reports. The Finance Business Partner will develop strong working relationships with the managers they support. As required, liaises with the Accounting Services & Corporate Reporting and Finance Development & Strategic Projects departments.
  • What you'll do
  • 1. Acts as a business partner with program areas to assist them with special needs, general inquiries, interpretation of financial statements/reports, including accounting/reporting policies and practices and any other finance related matters. Ensures managers have an understanding of financial performance requirements and provides financial awareness training where necessary. Delivers learning and training programs on key finance concepts, policies, processes, tools and templates.
  • 2. Provides customer service and support to managers, directors and vicepresidents throughout the quarterly, midyear, yearend and budget cycles. Works with business owners to identify, analyze and summarize significant deviations/important elements and related implications from the approved operating plan and budget (including projections) and recommend potential budget cuts and/or resources reallocation. Based on knowledge of portfolio and assessment of information in file, assists managers with preparation of quarterly accruals.
  • 3. Supports the Corporate Reporting Unit with the consolidation of the corporate financial results and highlevel corporate variance explanations.
  • 4. Works collaboratively with program area to prepare financial reports, variance analysis, projections and other documentation related to specific purpose funding and ensures financial information is in accordance with the agreement. Reconciles specific purpose funding financial reports with the general ledger and cost distributions. Prepares journal entries as required.
  • 5. Performs various reviews/analyses as required to support Management's ongoing operational/financial decisionmaking (e.g., procurement requisitions, new request for resources, funding proposal, multiyear forecast, cash management, etc.) and enterprise risk assessment. Takes an active role to support Management in preparing the financial aspect of proposals and business cases. Participates in product and service costing.
  • 6. Maintains the cost accounting and financial reporting systems and ensures distribution of labour costs and cost tracking of programs/projects at sources. Performs product and service management analysis.
  • 7. Participates, as required, in the ongoing maintenance and major enhancements of the financial reporting/business system. Recommends efficiencies and participated in the implementation of enhancements.
  • 8. Keeps current with the Generally Accepted Accounting Principles and best practices in order to ensure CIHI's financial statements and accounting/reporting policies and practices are compliant. Maintains excellent knowledge of CIHI programs and projects.
  • 9. Completes other ad hoc support and analysis, as required.
  • 10. Acts as backup to other Finance Business Partners during absence.
  • What you'll bring to the table
  • Under
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