Financial Officer, Faculty Financial & Business Analyst

Date Posted: 01/03/2024
Req ID: 35527
Faculty/Division: Faculty of Arts & Science
Department: ARTSC: Ofc of the Dean
Campus: St. George (Downtown Toronto)
Position Number: #
Description:
About us:
The Faculty of Arts & Science is the heart of Canada’s leading university and one of the most comprehensive and diverse academic divisions in the world. The strength of Arts & Science derives from our combined teaching and research excellence in the humanities, sciences and social sciences across 29 departments, seven colleges and 46 interdisciplinary centres, institutes and programs.
We can only realize our mission with the dedication and excellence of engaged staff and faculty. The diversity of opportunities and perspectives within the Faculty reflect the local and global landscape and the need for curiosity, innovative thinking and collaboration. At Arts & Science, we take pride in our legacy of innovation and discovery that has changed the way we think about the world.
Your opportunity:
The Financial Officer, Faculty Financial & Business Analyst will report to the Assistant Director, Finance & Business Analytics and will be responsible for the budget development, planning and forecast of ancillary fee based, and externally resourced operations in the Faculty of Arts & Sciences. The individual will work with clients, internal and external stakeholders to develop business and budget proposals, prepare financial summary reports for senior management approval. Additionally, the individual will participate in the implementation, supporting startup operations and new initiatives, providing guidance to clients on budget implementation, and operational best practices. The successful candidate will have good knowledge of the University’s business practices, policies and guidelines, funds management accounting, and CRA guidelines. The incumbent will work with clients in advising, reviewing and reporting of high level Financial statements. The individual will also participate in unit level budget reviews and support the budget implementation process.
Your responsibilities will include:
-Overseeing the financial management of budgets that include strategic planning, analysis and forecasting
-Advising staff on accounting practices and University financial policies and procedures
-Making recommendations on budget allocations involving multiple sources of revenue and/or recoveries
-Liaising with internal and external contacts to obtain important data not available through the financial system
-Performing complex financial data modeling and analysis
-Analyzing complex statistical reports and/or financial information for management decision-making
-Preparing and delivering trend analyses and projections to management for financial planning
-Preparing budget variance reports
 
Essential Qualifications:
 
-Bachelor’s Degree in Business Administration, Commerce or Accounting or an acceptable combination of education and experience.
-Minimum five years of administrative and financial management experience, preferably in a university/higher education setting, with an emphasis on accounting and auditing. Financial management experience includes financial accounting, reporting, modeling, costing, budgeting and analysis.
-A thorough understanding and practical application of generally accepted accounting principles, CRA policies, guidelines and practices, including HST is required.
-Experience in finance modeling, budget control, forecastingand the preparation of financial reports and analysis.
-Experience conducting financial trend analysis and proposing effective strategies.
-Experience with financial and procurement policies and procedures of the University of Toronto and their application.
-Demonstrated experience and full knowledge of general accounting principles, collective agreements or other related financial policies and procedures.
-Experience with preparing and analyzing complex budgets and forecasts.
-Demonstrated experience with financial reporting, payroll, purchasing and lease agreements, and internal control principles.
-Experience with University budget, financial and administrative policies, procedures and guidelines.
-Advanced skills with Microsoft Office 365 (e.g. Word, Excel, PowerPoint, Outlook, Access, SharePoint, Teams).
-Good working knowledge of data visualization tools (e.g. Tableau, Microsoft Power BI).
-Good knowledge of the University's Financial Information System (FIS), Human Resources Information System (HRIS), and My Research and/or other related financial systems.
-High level of initiative and ability to organize and communicate statistical and financial information to non-financial staff and faculty at all levels.
-Excellent oral and written communication, interpersonal, organizational, analytical, leadership and decision-making skills.
-Ability to manage conflicting priorities, multi-task, and have excellent attention todetail and accuracy.
Assets (Nonessential):
 
-Completion of, or in the final stages of completing recognized professional accounting designation is preferred.
To be successful inthis role you will be:
 
-Accountable
-Adaptable
-Possess a positive attitude
-Problem solver
-Resourceful
 
This role is currently eligible for a hybrid work arrangement, pursuant to University policies and guidelines, including but not limited to the University of Toronto’s Alternative Work Arrangements Guideline.
Closing Date: 01/12/2024, 11:59PM ET
Employee Group: USW 
Appointment Type: Budget - Continuing 
Schedule: Full-Time
Pay Scale Group & Hiring Zone:  
USW Pay Band 15 -- $93,752 with an annual step progression to a maximum of $119,892. Pay scale and job class assignment is subject to determination pursuant to the Job Evaluation/Pay Equity Maintenance Protocol. 
Job Category: Finance/Budget/Planning/Audit
Lived Experience Statement
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged , and their lived experience shall be taken into consideration as applicable to the posted position.