Corporate Financial Analyst

General Accountability

Provides expertise, consultative advice, direction and guidance to senior management and Business Partner Support - Operating Representatives regarding operating budgets and related issues. Provides coordination, preparation, analysis, and administration of TTC's various operating budgets and multi-year forecasts (pro formas). Participates in the development and implementation of corporate budget objectives, procedures, methods, guidelines, submission formats, spreadsheet applications, discussions, and analyses.

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
• Provides specialist expertise, consultative advice, direction and guidance to senior management, Business Partner Support - Operating Representatives, and stakeholders on matters pertinent to area of responsibility
• Plans, directs and coordinates the work of staff engaged in finance, accounting and relevant functions
• Liaises with internal and external stakeholders to achieve objectives
• Provides direction, advice and expert detailed examination and interpretation for the development and review of departmental and corporate (TTC) operating budgets
• 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 long-term operating budget forecasts, and alternate hypothetical models to account for potential variable scenarios, for senior management
• Participating in the development and implementation of corporate budget objectives, procedures, methods, guidelines and submission formats
• Prepares confidential critiques of budget submissions and year over year trend analyses for review by senior management
• Interprets budget directives from external parties, (e.g. City, Province), and participates in establishing processes and/or procedures for achieving directives
• Responsible for providing direction and guidance to staff and management regarding budget preparations, presentations and other related issues
• Assists with the preparation of various Operating Budget documentation including Commission reports and presentation material
• 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 year-to-date and projected year-end budget variances, absence rates, and workforce results for Senior Management
• Prepares quarterly Operating Budget Variance Reports for submission to the City
• Reviews Commission 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 detailed examination and interpretation of various business processes and balance sheet provisions
• Prepares a comprehensive monthly report of the Finance Department's goals and objectives performance, workforce and budget variances, year-end projections and overtime and lieu time hours worked
• Meets with departments to review and understand proposals
• Develops and utilizes the most appropriate costing methodology based on the availability of information, resources and time
• Assists with the detailed examination, interpretation and preparation of cost estimates, and the presentation and discussion of proposal costing for management and/or union negotiation teams, as required to ensure understanding
• 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

Education and Experience

• Completion of a post-secondary college diploma or university degree (e.g. Business Administration, Public Administration, Accounting or a related discipline) or a combination of education, training and experience deemed to be equivalent
• A recognized accounting designation such as a CPA is preferred
• Prior work experience in a directly related field where specialized techniques are learned and where detailed knowledge of budgeting methods and procedures are important
• Expert knowledge in MS Word, PowerPoint and Excel (including Macros, Pivot Tables, Lookup, and Data Analysis functions)
• Experience with enterprise-wide financial and budgeting systems, preferably SAP

Additional Requirements

• Excellent organizational, verbal and written communication skills; good presentation skills; and the ability to organize and prioritize work while meeting stringent deadlines
• Requires a sound knowledge of standard accounting and budgeting principles, methods
• Must possess proven research, analytical and problem solving skills
• Must have, or rapidly acquire, a comprehensive knowledge of the Ontario Human Rights Code and Related Orders including disability accommodation and accessibility requirements pertaining to passengers and employees