Financial Analyst

Touchstone Institute is a non-profit corporation governed by a Board of Directors and receives financial support from the Government of Ontario, in addition to generating revenue through direct business to business contracts seeking competency assessment and learning solution services.

It’s the largest assessment centre of its kind in Canada, providing professional competency assessment and learning programs to support the delivery of high-quality health care. Touchstone Institute works closely with physicians, nurses and other healthcare providers who provide subject matter expertise to assess and improve the level of competency across individual practice.

Touchstone Institute has become an integral part of the commitment to internationally trained health professionals seeking entry into training and practice in Ontario and has expanded to provide assessment, certification, and quality assurance programs for practitioners across Canada.

Position Description

Reporting to the Director, Finance and Corporate Services, the Financial Analyst will support various financial accounting, reporting, analysis, and budgeting processes enabling decision-making within the organization. The Financial Analyst brings together a blend of technical expertise, analytical insight, and effective communication skills. The role’s contributions will extend beyond traditional accounting and reporting to encompass financial planning, opportunities analysis, risk mitigation, and contribute to continuous business improvement.

Key Accountabilities

Accounting and Reporting

• Performs general accounting, accounts payable and accounts receivables tasks including account analysis, journal entries, bank reconciliations, coding vendor invoices and generating customer invoices
• Cash flow management, bank reconciliations, credit card reconciliations, and payment transactions (ACH, EFTs, wires, cheques)
• Ensure compliance transactions adhere to financial policies, controls and standards. Support quarter-end/year-end closing and audit processes
• Assist external auditors for interim and year-end related tasks
• Research accounting and tax issues and prepare analysis of and appropriate accounting and tax treatment.
• Prepare corporate tax filings, sales tax filings, CRA filings, and ensure compliance with regulations
• Preparation and analysis of financial reports and ad hoc reports as needed for management reporting, audits, and compliance reporting to the Ministry of Health related to Touchstone’s funding agreements
• Provides support for finance technology matters and software implementations
• Other duties as assigned

Financial Planning and Analysis

• Support financial planning process (annual budget, forecasts, quarterly reporting, variance analysis) to lead financial discussions with program teams to build a financial plan that serves the organization’s strategy and operational plans
• Able to build complex financial reporting models and customize project financial reporting
• Monitor financial KPIs, forecasting of financial results to budget to inform variance analysis, assess financial risks, and recommendations for risk mitigation
• Prepare ad hoc financial analyses to support management decision-making
• Other duties as assigned

Qualifications

• Post-secondary degree in accounting, business administration, or a related field
• 3+ years of experience in financial planning, analysis, accounting, or a similar role
• Experience in non-profit and healthcare organizations is an asset
• Adaptable to changing processes, competing deadlines, and fast-paced environments
• Strong analytical skills and experience with databases and financial systems (e.g. Quickbooks)
• Expertise in Microsoft Excel and data visualization tools (e.g., Tableau, Power BI)
• Excellent communication and presentation skills, with the ability to convey complex information to diverse audiences

What We Offer

• A hybrid, collaborative, and team-oriented work environment
• Comprehensive health and dental benefits and a health spending account
• 3 weeks’ vacation to start, plus additional personal days
• Extended office closure during the holidays
• Staff appreciation events

Notes for Candidates

• This is an existing vacancy within the organization.
• Touchstone Institute does not use artificial intelligence (AI) tools as part of the applicant screening process. Applications will be reviewed by members of our recruitment and hiring teams to ensure a fair and thorough assessment.
• The salary range considers many factors including, but not limited to experience, education, and training, etc. It is not typical for the salary to be offered near the top of the range, it is dependent on numerous factors.
• Touchstone Institute is dedicated to employment equity and fostering a diverse work environment. We encourage applications from Indigenous Peoples, racialized persons, persons with disabilities, and other equity-seeking groups. We believe that a diverse team is essential to understanding and serving the evolving needs of the healthcare sector.

We follow a hybrid work model with two designated in-office days: Tuesdays and Wednesdays.

Successful candidates must be available to work on-site during these days at 145 Wellington St W Suite 600, Toronto, ON M5J 1H8 with or without accommodation.

All applications should be submitted through our application tracking system via Bamboo at: https://tsin.bamboohr.com/careers/94

Touchstone Institute is an equal-opportunity employer that is committed to fostering a diverse work environment and exercises accessible employment practices. In accordance with the Ontario Human Rights Code, Accessibility for Ontarians with Disabilities Act (AODA) and Touchstone Institute’s policies, a request for accommodation will be accepted in all aspects of our hiring process. If you anticipate needing any type of accommodation during the recruitment process, please email hr@tsin.ca in advance of your appointment.

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