Manager, Financial Reporting and Analysis

About the Role

The Manager, Financial Reporting and Analysis reports to the Director, Finance and has a dual accountability to the Director, Budgets and Resource Planning. This role leads, plans and manages all internal and external financial reporting, forecasting and analysis functions. The Manager, Financial Reporting and Analysis will develop strong internal controls and drive continuous improvement to ensure efficient financial processes.

The role oversees and manages responsibilities related to:

• Financial reporting: ensuring accuracy of financial reports, including the annual financial statements
• Internal controls
• Implementation of accounting standards
• The annual audit
• Institutional financial statements
• Capital planning and reporting
• Quarterly forecasting and variance analysis
• Internal reporting to support Executive and Board decision making
• Provide leadership and guidance to staff working on above noted tasks.

As a management role the work, as outlined below, and decision making is largely independent with general guidelines provided and review performed by the Director, Finance or the Director, Budgets and Resource Planning. This work is also typically reviewed by the AVP Finance before subsequent inclusion in the Executive Leadership Team or Board of Governors materials, or submission to the Provincial Government.

Key deliverables include, but not limited to:

• Annual audit
• Annual institutional financial statements
• Other annual external reports
• Annual capital planning and prioritization
• Quarterly internal reporting
• Monthly financial close
• Continuous assessment and improvement of processes and internal controls

• Develop, implement and manage multi year strategic priorities for capital planning and related reporting functions to support alignment with the Institutional strategic plan; provide leadership and vision for strategic capital initiatives.
• Management of financial reporting and forecasting systems, providing oversight to the integrity and security of the system and the provision of guidance to all divisions and business units through the development of their area forecasts and financial analysis.
• Lead and manage ongoing improvements to procedures and enhancements to computerized systems, business processes, internal controls, and policies to promote efficiency, adequate safeguarding of resources, ensure compliance, and maximize effectiveness of forecasts and variance analysis at the Institutional and departmental level.
• Collaborate and engage with other post-secondary institutions to learn about best practices and sector-wide trends.
• Support the AVP Finance, Director, Finance, and Director, Budgets and Resource Planning in strategic plan implementation, financial information requests, decision making and forecasts and financial analysis.

• Manage the provision of quarterly forecasting, variance analysis and strategic financial analysis across all areas of the University.
• Provide guidance, direction and leadership to Finance Business Officers, Faculty Finance officers, and others involved in forecasting, variance analysis and internal reporting.
• Lead the Finance Business Partners and Faculty Finance Officers through the analysis, translation, and delivery of complex financial data into clear, accessible insights for academic and administrative leaders.
• Manage production of all statistical and financial information related to forecasting and variance analysis which supports faculty, division and institutional level decision making.

• Manage the delivery of all required month-end, quarter-end, and year-end reports in an accurate and timely manner, and in accordance with departmental and University deadlines.
• Lead the continuous improvement and standardization of internal quarterly reporting at a faculty, division and institutional level, supporting decision making through consistent presentation of information across all levels.
• Review annual financial statements and prepare working papers to support the annual financial statements audit. Coordinate the interim and annual audit with the Office of the Auditor General.
• Manage and ensure department quality standards on all reconciliations and financial reporting schedules.
• Ensure accurate, timely, and comprehensive auditable accounting records for the University’s general ledger.
• Develops financial information reports to provide current, important and relevant information for senior management in order to assist them in assessing resources and to help make sound business decisions.
• Research and resolve accounting issues including evaluation and implementation of new accounting standards.

• Coordinate capital planning and prioritization processes including reporting spend and quarterly projections.
• Manage, review, and ensure accuracy ofthe capital continuity schedule.
• Manage ongoing monitoring and reporting of internal reserve allocations and…