Finance Business Partner Job Toronto area,Ontario Canada,Finance & Banking

We are an organization comprised of industry thought leaders who are passionate about health data and want to make a difference in the health care field. We are an independent, not-for-profit organization and together with our partners we provide essential information on Canada’s health systems, enabling decisions that lead to healthier Canadians. As a valued member of the CIHI team, you and your work will have a pivotal role in the evolution of Canada’s health care systems.

CIHI is recognized as an exceptional place to work that embraces diversity, respect, integrity, collaboration and innovation. Learn about our Equity, Diversity and Inclusion Strategy and the work being done to create a more inclusive and welcoming organization by focusing on how we learn, govern and practise.

At CIHI, we recognize what matters to our employees. Some of the benefits of working at CIHI include

Retirement Planning Program
Generous vacation days for permanent and long-term contracts
Work-life balance
Learning and Professional Development Program
Flexible benefits program from your first day on the job for permanent and long-term contracts

Why is this role important?

The Finance Business Partner plays a key role in quarterly, mid-year, year-end, and budget review cycles by supporting managers through the compilation, analysis, and interpretation of financial activities, results, and matters of particular importance. This role conducts financial analysis to support informed decision-making related to ongoing organizational operations and prepares financial reports in support of planning, forecasting, and accountability requirements.

What you’ll do

1. Act as a finance business partner to program areas by responding to inquiries, supporting special requirements, and providing interpretation of financial statements, reports, accounting standards, and CIHI financial policies and practices.

2. Build financial literacy by ensuring managers understand financial performance requirements and deliver learning and training on finance concepts, policies, processes, tools, and templates, as required.

3. Provide financial support and customer service to managers, directors, and vice-presidents throughout quarterly, mid-year, year-end, and budget cycles.

4. Work with business owners to identify, analyze, and summarize significant variances, key drivers, and implications relative to approved operating plans, and provide recommendations related to budget adjustments or resource reallocation.

5. Support managers in the preparation of quarterly accruals based on portfolio knowledge and financial analysis.

6. Support the corporate reporting unit by contributing to the consolidation of corporate financial results and preparing high-level variance explanations.

7. Work collaboratively with program areas to prepare financial reports, variance analysis, projections, and documentation related to specific-purpose funding, ensuring financial reporting aligns with funding agreements.

8. Reconcile funding reports with the general ledger and cost allocations, and prepare journal entries, as required.

9. Perform financial reviews and analysis to support management decision-making related to procurement requests, resource requests, funding proposals, multi-year forecasts, cash management, enterprise risk assessment, and business cases.

10. Actively support the financial components of proposals and participate in product and service costing activities.

11. Maintain cost accounting and financial reporting systems, ensuring accurate labour cost distribution and project and program cost tracking. Conduct product and service cost management analysis.

12. Participate in the ongoing maintenance and enhancement of financial reporting and business systems, identify opportunities for efficiency, and contribute to the implementation of approved system improvements.

13. Maintain current knowledge of Generally Accepted Accounting Principles and financial best practices to ensure CIHI’s accounting policies, practices, and financial statements remain compliant.

14. Maintain strong knowledge of CIHI programs and initiatives.

What you’ll bring to the table

Undergraduate degree in…