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New Job Senior Financial Analyst Corp Finl Rep In Ontario



Company : City of Toronto
Salary : $96,569–$113,441 a year
Location : Ontario

Full Description

    Job Category: Finance, Accounting & Purchasing
    Division & Section: Accounting Services, Accounting Policy and Advisory Services
    Work Location: Metro Hall, 55 John Street
    Job Type & Duration: Full-Time, Permanent vacancies
    Salary: $96,569.20 - $113,440.60 (2022 rate), TM0940, Wage Grade 7
    Shift Information: Monday to Friday, 35 hours per week
    Affiliation: Non-Union
    Number of Positions Open: 4
    Posting Period: 02-Aug-2022 to 23-Aug-2022

The Accounting Services Division (the Division) within the City of Toronto is responsible for the development and governance over the City's accounting policies and general ledger, providing accounting advice, coordinating the implementation of new public sector accounting standards, performing complex accounting analysis, delivering on the City's financial reporting obligations, and ensuring that all transactions are accounted for in accordance with the Public Sector Accounting Board Standards (PSAS).

The Division's Corporate Financial Reporting Section (CFR) is tasked with preparing the City's consolidated financial statements, including the consolidation of the financial results of the City's agencies and corporations, the preparation of Trust Fund and Sinking Fund Financial Statements, the Provincial Financial information Return (FIR) and preparation and publication of the City's Annual Financial Report. The CFR performs financial analysis, including the assessment of costs eligible for capitalization purposes, and provides accounting oversight to the financial statements of all consolidated entities, including year-end reporting to Council of financial results, and acts as the corporate liaison with external auditors to execute the audit of the City's consolidated financial statements.

The Division's Accounting Policy and Advisory Services Section (APAS) is tasked with the development and maintenance of the City's accounting policies and associated training and engagement of the City's divisional finance teams, coordinating the implementation of accounting standards, complex accounting treatment analysis and other activities that mitigate financial risk for the City and its partners, such as vendors and contractors.

The Division's Analysis and Compliance (A&C) section is responsible for direct governance over the City's general ledger, ensuring that all accounting transactions are recognized in accordance with PSAS. This team performs account reconciliations, recommends proper accounting treatment and recording options and monitors the timely recognition of revenues and expenses for accuracy and completeness. This team is also responsible for corporate dashboards and deep analytics that support the provision of financial information for decision makers.

As a Senior Financial Analyst, Corporate Financial Reporting, you will play a key role within the Division, by ensuring that internal controls over financial reporting are designed and maintained in accordance with City by-laws and policies, that appropriate financial analyses are performed, and that accounting standards are applied consistently and accurately to financial transactions. Your role includes the preparation of accounting position briefing notes, analyses and reconciliations in support of financial transactions and the consolidated financial statements, and the provision of complex accounting advice to stakeholders to ensure transparency and accuracy of the City's financial reporting.

Reporting to the Supervisor, Corporate Financial Reporting, you will assist in the development of city-wide accounting policies, the implementation of new accounting standards, research and analyze financial information in order to ensure the accurate recording of financial transactions, including the recognition of tangible capital assets, and the timely preparation of the City's annual and quarterly filings, as required. You will prepare dashboards, contribute to the preparation of staff reports and associated analysis, prepare reports for open data as directed by Council and contribute to the preparation of the City's Annual Financial Report.

By keeping abreast of relevant PSAS, Provincial statutes and regulations, City by-laws and Council directions and agreements, and initiating correct accounting action, as appropriate, you will be well prepared to review financial system reports, make recommendations on accounting entries to balance sheet and income statement accounts, assist in developing performance measures and benchmarks, and monitor results of divisional staff.

As an excellent communicator, you are comfortable dealing effectively and professionally with various levels of staff within the City and externally, you will liaise with divisional representatives to ensure that accounting transactions and balances are appropriately recorded and reflected in the City's general ledger. You will be required to present accounting positions to divisional staff and leadership, providing support for recommendations made. Finally, you will communicate with the City's consolidated entities to ensure that intercompany transactions are reconciled and that reporting packages and entity financial statements meet the consolidation requirements of the City.

Your experience leading, motivating and training staff in a unionized environment will have equipped you to handle such leadership duties as, supervising the day-to-day operation of all assigned staff, with a focus on ensuring effective teamwork, high standards of work quality and organizational performance, and promoting continuous learning and development as well as nurturing creative and innovative ideas to improve processes and service delivery. Providing input into, and administering, the assigned budget, and controlling expenditures within the approved budget are also part of the job.

The Division's mandate calls for a level of expertise acquired through a Canadian Professional Accountant designation (Chartered Professional Accountants, Chartered Accountants – preferred) supplemented by extensive professional experience in an accounting, auditing, and financial reporting environment. Such a background will have included extensive knowledge of, and experience with, Generally Accepted Accounting Principles, Public Sector Accounting Standards, the implementation of new accounting standards, project management, stakeholder engagement, internal and financial reporting controls, and the development and implementation of accounting policies and procedures.

Your track record of success is also supported by extensive experience leading and facilitating external audits, providing support for accounting, report and disclosure positions, and using Microsoft Office applications, such as Excel, Word, and PowerPoint, as well as computer based accounting systems (e.g. SAP, Oracle, Business Intelligence, etc.)

Together with strong customer service and interpersonal skills, you demonstrate superior analytical and problem-solving abilities, allowing you to work cooperatively as an effective team member and to develop and recommend effective solutions. Familiarity with Ontario Statutes, including the Occupational Health and Safety Act, employment standards, labour and human rights, and other applicable government legislation, is essential to this role.

Equally important, you are committed to the highest standards of ethics and integrity, and can lead cross-divisional teams, facilitate decision-making and achieve excellence in accounting practices and reporting, as well as exercise independent judgement and discretion when dealing with confidential matters.

Note: All City of Toronto employees are required to be fully vaccinated as a condition of hire in accordance with the City's Mandatory Vaccination Policy. Candidates will be required to show proof of vaccination during the recruitment process.

Equity, Diversity and Inclusion

The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the diverse residents that we serve. Learn more about the City’s commitment to employment equity.


The City of Toronto is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs. Disability-related accommodation during the application process is available upon request. Learn more about the City’s Hiring Policies and Accommodation Process.