Financial Analyst

Date Posted : 10 / 08 / 2024

Req ID : 40060

Faculty / Division : VP - Division of University Advancement

Department : Advancement Services

Campus :  St. George (Downtown Toronto)

Position Number : 00037356

Description : About us :

The Division of University Advancement (DUA) aims to sustain and enhance the University of Toronto’s academic mission, leadership, and worldwide impact, by engaging alumni and private sector constituentsmeaningfully in the mission of the University, building mutually beneficial relationships of increasing value and satisfaction over time.

Through our current Defy Gravity campaign, the team supports U of T’s commitment to inclusive excellence – the idea that every member of our community should thrive in an environment of belonging – and helps the University bring together top minds from every conceivable background to create a healthier, more sustainable, and equitable world. In this ecosystem, there is an emphasis on collaboration, diplomacy, teamwork and mission focus as the Division of University Advancement supports our Faculties, Campuses and Divisions as a shared service.

The Division of University Advancement at the University of Toronto is committed to a transformative agenda deeply rooted in the University’s vision for growth and innovation. We are focused on growing fundraising efforts; doubling the number of newly engaged alumni; achieving Advancement goals through the foundational integration of Alumni Relations and Development both centrally and through collaborations with divisional colleagues; creating an organization and culture that fosters diversity and inclusiveness.

Your opportunity :

The Financial Analyst will be supporting the Associate Director, Budget & Forecasting with all aspects of Financial Planning & Analysis including financial management and forecasting and planning financial activities, while incorporating budgets with multiple sources of expenditures and revenues. As part of this, the Financial Analyst will be responsible for developing and reporting on the annual budget cycle including the budget, forecast and 5 year plan. In this role, the Financial Analyst will assist in the preparation of the Division’s annual budget (gross annual budget of approximately $40 million), distributing funds among 87 individual budgetary units. The incumbent will also be responsible for monitoring department budget to ensure expenditures remain within budgeted allocations, while providing key variance analysis, recommendations and insights. As part of this, they will work to identify savings opportunities and provide advice to financial unit heads. The Financial Analyst will also liaise with internal and external clients to resolve accounting issues and provide sound financial advice.

The incumbent will prepare key financial reports and analysis throughout the year for key deliverables and to drive greater informed decision making. The Financial Analyst will record detailed transactions for many accounts, including payroll and generate various monthly, quarterly, and annual financial reports. The incumbent will also verify that HRIS transactionsare processed according to applicable policies, procedures, collective agreements, and applicable legislated requirements. They will be responsible for liaising with internal and external contacts to resolve financial, payroll, and / or HRIS processing issues.

A key component of this role is to advance processes and deliverables through efficiencies, improvements and automation. The incumbent will bring a strong understanding of financial management, will be a self-starter with an entrepreneurialmindset and a problem solver to achieve Divisional goals.

Your responsibilities will include :

• Forecasting and planning financial activities incorporating budgets with multiple sources of revenue and / orrecoveries
• Making recommendations on budget allocations involving multiple sources of revenue and / or recoveries
• Planning and administering expenditures for operating budget
• Applying the University Guide to Financial Management andother applicable policies, agency and regulatory requirements
• Analyzing complex statistical reports and / or financial information for management decision-making
• Providing advice and data to support the development of business cases and analytics for departmental initiatives
• Identifying and analyzing data discrepancies and taking necessary actions to correct errors
• Advising staff on accounting practices and University financial policies and procedures

Essential Qualifications :

To be successful in this role you will be :

Closing Date : 10 / 23 / 2024, 11 : 59PM ET

Employee Group : USW

Appointment Type : Budget - Continuing

Schedule : Full-Time

Pay Scale Group & Hiring Zone :

USW Pay Band 13 $84,813. with an annual step progression to a maximum of $108,463. Pay scale and job class assignment is subject to determination pursuant to the Job Evaluation / Pay Equity Maintenance Protocol.

Job Category : Administrative / Managerial

Recruiter : Fiona Chan

Lived Experience Statement

Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience shall be taken into consideration as applicable to the posted position.