Financial Analyst; Water Services

Position: Financial Analyst (Water Services)

Job Number: 4077
Job Type:Full-Time
Vacancy Reason: Net New
Location: 150 Frederick St - Regional Admin Headquarters
Job Category: Financial
Number of Positions:1
Department: Finance (Infrastructure Financing)
Division: Corporate Services
Hours of Work: 35
Union: Management/Management Support
Grade: Management/Management Support Grade 06
Salary Range: $93,347.80 - $

About Us! The Region of Waterloo is a thriving, diverse community committed to fostering opportunities for current and future generations. Waterloo Region is part of the Dish with One Spoon wampum, a treaty guiding our commitment to:

• Taking only what we need
• Leaving some for others
• Keeping the dish clean

This agreement underpins our vision, mission, and core value, and reinforces our dedication to meaningful reconciliation and equity. Waterloo Region is home to over 674,000 residents and expected to grow to nearly one million by 2051. Guided by our  Strategic Plan, “Growing with Care,” we prioritize homes for all, climate aligned growth, equitable services and opportunities and a resilient and future ready organization.

Our mission is to provide essential services that enhance the quality of life for all residents, while our core value emphasizes caring for people and the land we share. Join us and be part of a team dedicated to making a meaningful difference in our community.
The Role

Provides/supervises the provision of budgeting, accounting, and financial analysis services and support for clients and associated agencies (Water, Wastewater, Water Distribution, and Wastewater Collection, Waterloo Region Heritage Foundation (WRHF), Grand River Conservation Authority). Provides financial analysis and reports for senior staff, Council, and Committee.

Duties/Responsibilities

• Supervises a Financial Assistant. Provides training to clients who use accounting and/or budgeting systems, and on related policies/procedures.
• Prepares base operating and capital budgets for client review/approval. Prepares initial budgets; reviews and makes changes per client/corporate/Federal and Provincial government decisions. Provides input into budget issue papers, including projecting financial impacts.
• Analyzes, interprets, and communicates financial information, including developing forecasts, summaries, cost benefit analysis, fees and charges, and continuity schedules. Participates in planning, coordinating, and organizing the preparation and approval of the budget.
• Develops and administers capital financing plans for clients, including debentures, development charges, reserve funds, and other types of financing. Updates capital budgets based on Council approvals. Determines year-end carry forward budget amounts and financing requirements for capital projects.
• Administers reserve and reserve funds to ensure adequate funds are available to finance capital projects. Develops long term strategies, scenarios, and projections to fund capital budgets.
• Monitors actual expenditures and revenues monthly against approved budgets and implements financial control procedures. Works with clients for forecasting and planning purposes; identifies possible variances; investigates and develops strategies to mitigate variances; and reports to senior management and Council as appropriate. Ensures budget reports are available for clients, as requested.
• Administers/oversees the administration of financial accounts for clients, ensuring accurate financial reporting. Undertakes required analysis.
• Reviews and reconciles information to assist in the preparation of yearly financial statements, including trial balances, financial information returns, and financial statement notes. Records tangible capital asset accounting information in general ledger.
  Prepares detailed financial analyses to determine the impact of program changes as a result of policy/legislative changes; and makes financial policy recommendations to senior management.
• Provides financial information, analyses, recommendations, and advice to clients, senior management, and Council, through standing committee and procurement report development and review, and as part of project teams with senior management, area municipalities, and other stakeholders (e.g., Province).
• Participates in the periodic review of the Regional Development Charge by-law.

Additional Duties/Responsibilities

• Prepares budget submissions and financial reports/claims to federal/provincial government for client programs receiving funding/subsidy, ensuring compliance with requirements. Reviews agreements to ensure compliance with terms/agreements.
• Develops and administers rate setting models; and develops rate recommendations for Council. Administers wholesale water billing processes, ensuring monthly invoices are issued. Works with clients to ensure other revenues due to the Region are received.
• Prepares yearly financial statements and Registered Charity Information Return for Waterloo Region Heritage Fund (WRHF). Provides financial management support (represents the Treasurer) at WRHF…