Senior Financial Analyst Ii

Salary Rate: $65,000 - $72,000 - Check out the YMCA's total compensation package!
Location: 90 Eglinton Ave. East YMCA - Finance Department
Work Hours: Must be available to work Monday to Friday, 37.5 hours per week
Employment Type: Regular Full Time Salaried
Number of Vacancies: 3
Anticipated Start Date: May 10, 2024
Deadline to Apply: April 25, 2024 at 5:00 pm
Be the Spark! Join our dynamic Finance team, where every day is different, and you will always be engaged with meaningful work!
The Senior Financial Analyst is responsible for analyzing the financial statements, at the program level, reviewing claim forms and funding contracts, and preparing various financial reports required by the funders. They will support senior leaders in forecast modelling for the association and upcoming projects, and are responsible for the preparation of program audit files. The Senior Financial Analyst works closely with senior management in Child and Family Development (CFD) for the preparation of complex funding proposal submissions and mandatory reporting to various funders. In collaboration with the Manager, the Senior Financial Analyst, will establish best practices to ensure adherence to regulatory and YMCA guidelines.
In this role, you will:

• Lead the preparation of accurate and timely monthly claims, and periodic financial reports, as required and in compliance with complex funding agreements and guidelines.
• Prepare Child and Family Development (CFD) wage subsidy, general operating, Canada-Wide Early Learning & Child Care funding, and other Government grants reconciliations by Region, as required and in compliance with funding agreement and guidelines.
• Assist the Associate Manager Finance and Child and Family Development (CFD) General Managers in reviewing complex funding agreements and guidelines, as well as the budgeting process and analysis of all CFD programs.
• Prepare budget submissions for CFD contracts and for child care centers regional funding.
• Manage month-end preparation and closing procedures in an accurate and timely manner.
• Prepare the reconciliation of accounts receivable, deferred revenues, and other selected General Ledger accounts related to Government funding, and review monthly revenue drawdowns and Association Allocations (A&A) calculations.
• Perform budget variance analysis on CFD and on Camping and Outdoor Education financial statements to support monitoring financial performance.
• Assist CFD senior management with analysis on financial viability when opening new centers, and with monitoring of subsequent financial performance.
• Support the external audit process by preparing audit documentation and analysis, and providing professional explanations to auditors' inquiries regarding controls and revenues and expenses testing
• Co-lead CFD program audit preparation by preparing financial statements for audited/reviewed programs and leading the preparation of supporting documents for program audit samples.
• Participate in decisions relating to accounting policy changes, enhancements to accounting systems and modifications to YMCA policies.
• Perform other duties as assigned.

You bring:

• Bachelor's degree in Accounting, Finance or Business or equivalent experience
• Minimum three years of accounting work experience
• Understanding of the entire accounting process, from data-entry, to completing Financial Statements
• Professional designation such as CA, CMA, CGA, or enrolled in an advanced stage of completing the program or equivalent work experience is an asset
• Knowledge of Canadian Accounting Standards for Not for Profit Organizations is an asset
• Experience in preparing reporting for government funding is an asset
• Must possess strong computer skills (Advanced Excel, Word, computerized accounting package)
• Strong analytical skills and attentive to details
• Well-developed interpersonal, and relationship building skills; ability to establish rapport and excellent communication with members, staff and volunteers
• Excellent written, oral communication and problem-solving skills
• Excellent understanding of diversity, inclusion and equity including the ability to identify and address barriers, work effectively with diverse stakeholders, and integrate equity into program design

What you need to succeed:

• Commitment to the YMCA's Mission, Vision and Values
• Focus on the health, safety and wellbeing of all children, youth, and vulnerable people in YMCA programs including understanding legal and moral obligations related to reporting suspected child abuse to Child Protection Services
• YMCA Competencies: Accountable, Relationship-Builder, Improvement-Orientated, Team Player & Leader, Equity and Wellbeing Promoter

Why work for the YMCA?
The YMCA of Greater Toronto is a charity that ignites the potential in people, helping them grow, lead, and give back to their communities. We are committed to helping our employees reach their full potential and are recognized as a great place to work. We offer meaningful jobs and the opportunity to make a difference in the lives of individuals and the health of our communities. See what you can expect from the YMCA here.
Joining the Y means contributing to over 165 years of providing opportunities for people to shine through programs and services like health and fitness, licensed child care, camps, employment and immigrant services, education and training, and services for youth, families, and seniors. Learn more in our 2020-2025 strategic plan, Ignite the Light, which outlines how we are focused on boosting well-being and promoting equity across the Greater Toronto Area.
The YMCA of Greater Toronto is committed to Diversity, Equity, Inclusion and Belonging. We strive to remove barriers to employment and recognize that diverse staff who reflect the communities we work in enrich the experiences of our participants and our team. As an equal opportunity employer, we invite applications from all qualified candidates including racialized people/people of colour, Indigenous Peoples, disabled people/people with disabilities and members of 2SLGBTQIA+ communities.
If we can make the recruitment process more accessible for you, please let us know when we reach out about a job opportunity so we can work with you to accommodate your needs.
In keeping with our commitment to safety and child protection, job offers are contingent on the successful completion of a Police Records Check. Within the first four months and every three years thereafter, a Vulnerable Police Records Check is required. Learn more about these checks here.
The YMCA only considers applicants who are legally entitled to work in Canada. We thank all applicants for their interest, however, due to the volume of applications we receive, we can only contact candidates who are selected for an interview.
Check out the next steps in our recruitment process and see what others are saying about working at the YMCA.