Financial Analyst (1 Year Contract)

Posting Title
Financial Analyst (1 Year Contract)
Position Classification
Level 3
Full/Part Time
Full Time
Job Type
Contract
Temporary End Date
Location
Vancouver, BC CA (Primary)
Salary Range
$69,317.00-$101,644.00
Close Date
January 4, 2024
Job Summary
BC Financial Services Authority ("BCFSA") helps to protect British Columbians during the biggest financial decisions in their lives. We regulate B.C. 's financial services sector, including credit unions, real estate licensees, registered pension plans, insurance and trust companies and mortgage brokers. Through modern, effective and efficient oversight, BCFSA protects consumers by impartially setting and enforcing standards across the entire sector ensuring the prosperity of the province.
BCFSA is an equal opportunity employer and welcomes applications from all groups. This includes Indigenous Peoples, women, visible minorities, persons with disabilities, persons of diverse sexual orientation, gender identity or expression (LGBTQ2S+), and others who may contribute to diversity at BCFSA.
We recognize unique styles, perspectives, beliefs, and creativity that support a diverse, respectful, inclusive and collaborative work environment. To achieve this, we are committed to:
• Hiring team members who represent the population we serve;
• Removing barriers that may prevent equitable employment; and
• Supporting respectful work environments where everyone feels included and able to produce excellent results.
BCFSA is proud to be Great Place to Work Certified™. This is based on direct feedback from our Team Members. Our organization has also been selected as one of BC's Top Employers (2023) in recognition of our competitive compensation, work-life balance, and progressive programs.
SUMMARY
The position provides financial analysis and reporting services to multiple programs, projects and lines of business.
ACCOUNTABILITIES
• Analyzes and develops expenditure and revenue forecasts, recommends options to maximize resource utilization of several program areas and ensure alignment with the Service Plan.
• Develops, calendarizes and consolidates program budgets submissions into the budget (i.e. operating/capital/FTE budgets and may include Revenue/Recoveries budgets).
• Develops financial management reports and presents information to track and monitor budgets, commitments, expenditures and revenue projections and identify options to mitigate or resolve variances.
• Recommends budget reallocations, transfers and adjustments to achieve a balance between budget realities and the competing needs of various program areas.
• Researches and analyzes proposed changes to programs in order to identify and quantify financial impacts, provide advice and recommend viable solutions.
• Develops and maintains financial controls and procedures.
• Identifies and recommends changes to policies, procedures and systems to enhance controls and efficiency of financial management practices and facilitate improved accounting and reporting.
• Monitors operations for adherence to financial policies and to assess the effectiveness of internal controls.
• Provides advice to business unit staff on financial planning/budget preparation.
• Analyzes balance sheet accounts to ensure they reflect the BCFSA's financial activities; attests to the reasonableness of asset, liability, revenue and expenditure accounts.
• Contributes to the team's development of internal work practices (e.g., policies, procedures and tools).
• Provides orientation and training to internal and/or external stakeholders within area of responsibility.
• Contributes to, participates in, and supports organizational business transformation initiatives.
JOB REQUIREMENTS
• Diploma in financial management, or CA/CMA/CGA, and some experience conducting financial analysis or, an equivalent combination of education and experience.
• Experience developing financial forecasts and supporting budget evaluation processes for multiple business areas.
• Experience analyzing financial and accounting statements and recommending reallocations.
• Experience developing financial statements and reports.
• Knowledge of financial policies, internal controls, accounting and auditing principles and practices.
• Knowledge of the application of Generally Accepted Accounting Principles (GAAP) in a public sector or crown corporation.
• Knowledge of financial planning and administration, budgeting, risk management, and procurement.
• Ability to interpret financial legislation and regulations.
• Ability to exercise judgement, initiative, and discretion.
• Superior oral and written communication skills.
PROVISOS
Candidates must be eligible to work in Canada and living in British Columbia or intent to settle in the province.
BCFSA wants to ensure every job applicant is treated fairly and with respect and encourages applications from all candidates, including those with diverse abilities. We welcome you to inform us confidentially if you may require any special support in the application process, including disability accommodation, in order to participate fully in our recruitment experience. Email us at careers@bcfsa.ca to notify us of any needs related to your job application.
Job Category
Finance
# of Hires Needed
1
Security Screening Required
Unknown