Senior Financial Reporting Analyst

Position: Senior Financial Reporting Analyst - 12 month contract
Infrastructure Ontario (IO), an Ontario crown corporation, provides a wide range of services to support the Ontario government’s initiative to modernize and maximize the value of public infrastructure and realty. IO has been recognized domestically and internationally for the way it does business and the success it has had with its major projects, real estate services, infrastructure lending, commercial projects, and development mandate.

IO delivers some of the most complex, ambitious commercial and land development solutions for the Province and continues to evolve and expand its capabilities to maximize its public impact and deliver on its vision of creating a connected, modern and competitive Ontario.
Infrastructure Lending Our Loan Program has helped support more than $18 billion in local infrastructure investments across Ontario. It provides affordable, long-term financing to public sector clients, allowing them to modernize and renew their infrastructure.

We have helped hundreds of clients deliver thousands of community projects in all parts of the province. Our Loan Program has been used to revitalize roads and bridges, build new recreation centres and affordable housing units, and purchase equipment like fire trucks and energy-efficient streetlights.

We tailor our loans to meet the unique needs and complex development challenges of municipalities, housing providers, universities and other eligible public sector clients. All borrowers within each sector share the same affordable rates and benefits of the Loan Program regardless of their size or location.

Each loan is different but its impact is the same: efficient, healthier and more prosperous communities across Ontario.

Reporting the Manager, Financial Reporting, the Senior Financial Reporting Analyst we are seeking a candidate to operationalize the financial statement reporting process for the General Real Estate Portfolio, ensuring timely and accurate quarterly and annual reporting. The role includes enhancing supplementary financial reporting, providing insights and variance analysis, and supporting the Financial Reporting Manager in maintaining internal controls. Responsibilities also involve updating financial process narratives and supporting the CEO/CFO Certification process.

What You Will Do:

Contribute to the development and enhancement of the financial reporting process, identifying opportunities for improved accuracy and efficiency.

Prepare timely and accurate quarterly and annual financial reports in compliance with Public Sector Accounting Board Standards (PSAB).

Generate supplementary financial reports, including Management Discussion and Analysis (MD&A), with clear commentary on financial results and variances.

Review and record key activities and transactions, ensuring proper accounting treatment in the General Ledger (GL) based on relevant standards.

Support the implementation of new accounting standards, coordinating with various stakeholders to assess financial impacts.

Prepare financial statement binders and maintain a financial close calendar, ensuring timely reporting and compliance.

Create management reporting packages with insights and variance analysis for revenue and expense categories, aligning with financial metrics from the FP&A team.

Maintain process control narratives for CEO-CFO certification, coordinate internal audits, and ensure the accuracy of journal entries and reconciliations.

Who We’re Looking For:

Knowledge of financial accounting policies, internal control and financial reporting systems

Proficiency in the Microsoft Office suite, with extensive experience using Excel

CFA, CPA an asset

Knowledge of Canadian Public Sector Accounting Standards

Experience in real estate is an asset

What we offer:

Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.

A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.

A defined contribution…