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SalaryJOB TITLE: ANALYST, FINANCIAL PLANNING
DEPARTMENT: CORPORATE SUPPORT SERVICES
POSTING NUMBER: 105975
NUMBER OF POSITIONS: 1
JOB STATUS & DURATION: Full Time Permanent
HOURS OF WORK: 35 hour workweek
LOCATION: Hybrid Model*- when working onsite, you will report to the location of West Tower.
SALARY GRADE: 5
HIRING SALARY RANGE: $ 86,091.00 - $ 96,853.00 per annum
MAXIMUM OF SALARY RANGE: $ 107,614.00 per annum
JOB TYPE: Management and Administration
POSTING DATE: March 14, 2024
CLOSING DATE: March 27, 2024
AREA OF RESPONSIBILITY:
Reporting directly to the Senior Advisor, Client Services (Finance), this position will provide FINANCIAL PLANNING, budgetary, management reporting and analytical support to client departments. In addition, this position will identify performance, efficiency, and innovation improvements on behalf of client departments and prepare financial impact analysis, assist with implementation and provide training.
Departmental Budget Development
- Provide financial analysis, modelling and historical trending on client departments Operating and Capital budgets, in order to provide management with the information required to determine future budget needs.
- Communicate, advise, and train departmental management on budget development processes, corporate timelines, and requirements.
- Coordinate meetings with departmental management to develop budget submission requests in an accurate manner, while meeting corporate deadlines.
- Review and consolidate operating and capital budget submissions for a given department to ensure accuracy, adherence to budget guidelines, legislation, corporate policies and procedures, by-laws and best practices.
- Facilitate prioritization of budgetary requirements with departmental management
- Support departmental development of Business Plans and Budget Binders, including measuring and reporting on key performance indicators.
- Work cross functionally with other corporate divisions i.e. Human Resources, Purchasing, Accounting, Information Technology to advise of financial impacts where necessary.
- Pro-actively monitor actual results vs budgets to ensure funding is being utilized as approved by Council.
- Work with departmental management to prepare monthly/quarterly reviews of the fiscal position of the department's operating budget. This includes identifying, projecting, and explaining variances, along with highlighting areas of opportunity or risk.
- Investigate and analyze budget appropriation failures, obtain variance explanations and approvals from department heads.
- Proactively meet with the varying managers within a given portfolio to understand the nature of their business and advise on financial matters as necessary.
- Monitor capital budgets vs ability to commit funds at a program level to ensure funds are allocated to areas where they can be efficiently utilized.
- Review financial implications for a given departments Council and Procurement reports to ensure proposed initiatives have been approved by Council, sufficient funds exists, and appropriate funding sources are used.
- Analyze Budget Amendment requests to ensure all funding options are identified, appropriate funding sources are used.
- Enter departmental budget submission data into corporate budget applications, ensuring a high degree of accuracy and compliance with Budget Guidelines.
- Enter quarterly operating budget variance information in the corporate budget system with a high degree of accuracy, while meeting corporate timelines.
- Evaluate and monitor system structures to capture any structural corporate changes.
- Identify performance, efficiency, and innovation improvements on behalf of client departments and prepare financial impact analysis, assist with implementation, and provide training as necessary.
- Conduct research and prepare ad hoc studies of, for example, financial implications of alternative business models, cost/benefit analysis of business operations or new initiatives and make recommendations for improved risk management.
- Prepare financial modelling, analysis, templates and reporting to support departmental management decisions.
- Formulate strategic financial recommendations and provide constructive insight on financial-related matters.
EDUCATION:
- University degree in Accounting, Finance, Business Administration, or other relevant discipline is required.
- CPA designation (CA, CMA, CGA) or CFA or MBA is required.
- Certificate in Lean Six Sigma/Kaizen is considered an asset.
- 3-5 years of progressive experience in a financial related field.
- Experience with municipal finance, budgeting and infrastructure funding considered an asset.
- Knowledge of relevant municipal legislation considered an asset (e.g. Development Charges Act, Municipal Act, etc.)
- Demonstrated analytical and conceptual thinking with strong reasoning and problem-solving abilities.
- Advanced computer skills in MS Office including extensive knowledge of spreadsheet and database applications and PeopleSoft Financials.
- Excellent interpersonal, customer service, and public relations skills.
- Ability to communicate (oral and written) at a high level of proficiency.
- Able to work independently and as part of a team.
- Consultative and collaborative approach to working with clients and cross functional teams.
- Will be required to attend off-site meetings on a regular basis.
- Excellent performance and work record.
Alternate formats will be provided upon request.
Interview: Our recruitment process will be completed with video conference technology.
As part of the corporation's Modernizing Job Evaluation project, this position will undergo an evaluation which may result in a change to the rate of compensation. Any changes affecting this position will be communicated as information becomes available. *Our Hybrid Model is subject to change.
If this opportunity matches your interest and experience, please apply online by clicking the button quoting reference # 105975 by March 27, 2024 and complete the attached questionnaire. We thank all applicants; however, only those selected for an interview will be contacted. The successful candidate(s) will be required, as a condition of employment, to execute a written employment agreement. A criminal record search will be required of the successful candidate to verify the absence of a criminal record for which a pardon has not been granted.
As part of the application process, applicants will be invited to complete a self-identification survey. The survey is voluntary. Participation in the survey will have no impact on hiring decisions. Should you wish to opt out of completing the survey, please select "prefer not to answer" as a response to each question. All information collected is confidential and will not be shared with the hiring manager. The surveys will be anonymized and will be kept separate from applicant or employee files, such that the individuals who completed the surveys will not be identifiable. The results of the survey will assist in the analysis of disaggregated metrics for organizational planning purposes and our commitment to advance and foster diversity, equity, and inclusion. The City may use anonymized data to produce aggregate reports for internal or external use.
Please be advised, the City of Brampton uses email to communicate with their applicants for open job competitions. It is the applicant's responsibility to include an updated email address that is checked daily and accepts emails from unknown users. As we send time sensitive correspondence via email (i.e. testing bookings, interview dates), it is imperative that applicants check their email regularly. If we do not hear back from applicants, we will assume that you are no longer interested in the Job Competition and your application will be removed from the Competition.
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