Business Analyst Corporate Finance

Job ID: 45252
Job Category: Finance, Accounting & Purchasing
Division & Section: Chief Financial Officer's Office, Capital Markets
Work Location: City Hall, 100 Queen St. West, M5G 1P5
Job Type & Duration: Full-Time, Temporary, 18 Months
Salary: $86,500.00 - $108, 459.00, Wage Grade 6
Shift Information: Monday to Friday, 35 Hours per week
Affiliation: Non-Union
Number of Positions Open: 1
Posting Period: 15-MAR-2024 to 29-MAR-2024
Job Summary:
Reporting to the Senior Investment Advisor, the Business Analyst will support investment trades, perform daily liquidity operations, create monthly and quarterly reports, and support Capital Market team to implement strategies and initiatives.
Major Responsibilities:

• Analyzes the impact/exposure of the investment portfolios and provide reconciliation reports recommending solutions such as operational and business changes, etc.
• Works with of Capital Markets staff to fine tune investment related database to improve the communication of information between Accounting and Capital Markets.
• Prepares reports for the Manager, Investments, making recommendations on changes in business methods and processes e.g., to strengthen risk control and reduce costs.
• Identifies, analyzes, rationalizes, and optimizes business processes, policies, procedures, systems applications, inputs and outputs, program operations and functions at a detailed level in relation to the City's capital markets program.
• Identifies capital projects authority remaining for debt issuance and work with divisions to create a draft list for the City and recommends plans.
• Examines causes of budget variance and accounting variance within divisional operations and reports recommendations to improve accuracy.
• Facilitates training for Capital Markets staff on various relevant topics as required.
• Works to improve the capabilities of divisional preparation, including unionized staff, for audits and ensure the most suitable operational practices.
• Ensures improvements to Capital Markets investment process are reviewed regularly, changes adopted, and efficiencies implemented.
• Attends at Capital Markets' planning & strategy meetings to contribute investment portfolio analytic items.
• Attends at Capital Markets' meetings to inform, report and coordinate with Investment Manager Firms.
• Acts as a liaison on auditors' and accounting inquiries for efficient, timely file review and response.
• Ensures effective and ongoing implementation of recommendations arising from Auditors' review of investment process.
• Reports on staff roles and responsibilities and provides an inter-district evaluation of inconsistencies of business practices and associated staff and financial implications.
• Facilitates "post-mortems" on lessons learned from audits.
• Acts on auditor's comments and communicates and coordinates divisional responses and remedies, finding improvements to the adequacy of maintenance, records, logs and reports.
• Implements detailed plans and recommends policies/procedures regarding program specific requirements.
• Conducts research into assigned area ensuring that such research considers developments within the field, corporate policies and practices, legislation and initiatives by other levels of government.
• Provides input into and administers assigned budget, ensuring that expenditures are controlled and maintained within approved budget limitations.
• Conducts financial analysis and determines key indicators to measure the effectiveness and efficiencies of service delivery methods and design processes to track those indicators.
• Initiates and conducts, in coordination with divisional business representatives, research and analysis on opportunities to employ innovative solutions and redesigned processes to deliver City services.
• Identifies trends and makes recommendations to improve program and operational effectiveness.

Key Qualifications:

Post-secondary education in a relevant discipline related to the job function (e.g. financial and management accounting) or the equivalent combination of education and experience.

Extensive experience with financial information system e.g. SAP to capture and manipulate data.

Extensive preparing business process reviews/mapping and articulating key performance measures/indicators.

Extensive experience in preparing financial/accounting reconciliations and financial analytics summary.

Extensive experience conducting research, analysis and interpreting large volumes of data.

Extensive experience in the use of Microsoft Office Applications (Word, Excel, PowerPoint), managing databases and ability to adapt to new technologies.

Strong verbal and written communication skills and the ability to communicate professionally and develop and maintain effective work relationships both internally and externally, with Council staff, City of Toronto staff, various levels of government and stakeholders.

Strong customer service focus and interpersonal skills and ability to work co-operatively as an effective team member and encourage teamwork.

Strong problem solving and conflict resolution skills.

Takes initiative and applies best practices to continuously improve processes to enhance service delivery, efficiency and effectiveness.

Ability to exercise independent judgement and discretion in dealing with sensitive and confidential matters.

Strong research and analytical skills and ability to conceptualize and develop options and recommendation solutions to support decision-making.

Ability to adhere to the Toronto Public Service mission and values and act professionally and ethically.

Ability to work independently under minimum supervision and set priorities, plan and execute tasks.

Excellent organizational and multi-tasking skills with the ability to work under pressure and meet tight deadlines under time constraints and adjust work priorities in response to.

Equity, Diversity and Inclusion
The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the diverse residents that we serve. Learn more about the City's commitment to employment equity.
Accommodation
The City of Toronto is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs. Disability-related accommodation during the application process is available upon request. Learn more about the City's Hiring Policies and Accommodation Process.