Financial Analyst Job Kitchener area,Waterloo Ontario Canada,Finance & Banking

Location: Waterloo

Position Summary

The Financial Analyst’s (FA) primary responsibility is to be the lead financial support and subject matter expert for the client groups that they support. The position provides accurate and timely financial support and analysis to their respective units via reporting, information dissemination, and recommendations on budgeting and financial strategies and deals with confidential financial information. Additionally, the FA acts as the liaison between the client groups and Financial Resources to ensure compliance with financial management policies and procedures, and external Governance to ensure the use of and development of financial management best practices.

The position reports directly to the respective Manager in the Budget & Planning unit with accountability to the client group management. The position may support other administrative, faculty, or ancillary units as required and provides financial support on university and/or departmental wide special projects or initiatives.

This position has a university-wide mandate and is based at the Waterloo Campus. The incumbent provides subject matter expertise to all campuses, requiring regular interpersonal interactions and collaboration with departments at the Waterloo, Brantford and Milton Campus and external partners. Special attention is given to ensure equitable service delivery across all locations.

Accountabilities

Financial Reporting:

Creates, presents and interprets financial reporting to client group Senior Leaders on a regular basis

Creates custom reporting and budget information to support Faculty, Management and Staff’s specific requirements

Prepares mandatory external reporting (i.e. Government funding agencies to ensure regulatory compliance)

Collaborates with various units and individuals across the university to support effective reporting and analysis for internal and external audiences

Forecasting & Analysis:

Analyzes year-over-year trends

Analyzes budget to actual spending and forecasts actual year-end anticipated results

Coordinates and prepares multi-year forecasts

Analyzes non-operating units for profitability

Analyses and presents options to meet financial challenges

Supports month-end/year-end completion and analysis as coordinated by Financial Services

Budget Planning & Cost Modelling:

Leads the annual and multi-year strategic budget planning process with client group Senior Leaders

Creates, oversees and maintains financial models to be used for strategic planning purposes

Completes budget planning documents required by Central Financial and are responsible for the accuracy of the budget data in the financial ERP system

Attends budget planning meetings to review prior year challenges and the upcoming financial landscape which will be incorporated into the client group budget planning

Provides cost modelling information for operating and non-operating initiatives

Prepares business cases and cost analysis as required

Information Dissemination and Training:

Attends regular Financial Resources and Budget & Planning meetings to exchange information and collaborate on projects/initiatives with the objective of sharing best practices and continuous improvement ideas to incorporate into client group areas

Attends client group meetings to ensure alignment of priorities between client group and Financial Resources.

Attends University Town Halls and information sessions related to budgeting and financial matters

Provides current information to Client groups on:

Applicable financial policies and procedures

Collective agreements as they relate to financial matters

Provides information on budget model allocations (e.g. Responsibility Centre Management (RCM) budget model)

Provides technical training on an individual basis as requested

Provides training on the review of financial reports, accounting principles and university financial policies

Leads and/or participates in financial working groups/committees/project analysis as required

Leads and/or participates in continuous improvement initiatives

Advising:

Provides advice to client groups on:

financial implications of budget targets, restructuring, and new operating initiatives

internal process…


Increase/decrease your Search Radius (miles)



Job Posting Language