New Job Senior Financial Analyst In Ontario



Company : Jobssummary / Indeed
Salary : $101,900–$131,222 a year
Location : Ontario

Full Description

    Job ID: 36819
    Job Category: Finance, Accounting & Purchasing
    Division & Section: Housing Secretariat, Housing Stability Services
    Work Location: Metro Hall, 55 John St, Toronto, M5V 3C6 (hybrid)
    Job Type & Duration: Full-time, 1 Temporary vacancy (18 months duration)
    Salary: $101,900.00 - $131,222.00 annually
    Shift Information: Monday to Friday, 35 hours per week
    Affiliation: Non-Union
    Number of Positions Open: 1
    Posting Period: 03-May-2023 to 17-May-2023

We are looking for a Senior Financial Analyst with strong data management, accounting and analytical skills to join our Housing Stability Services (HSS) team in the Housing Secretariat Division at City of Toronto. HSS is responsible for the oversight and administration of social and affordable housing in Toronto, and most of the housing providers are funded and administered by the City of Toronto in accordance with provincial legislation.

Recently, the Province of Ontario created a new operating framework through the enactment of new regulations that allows the City to enter into new service agreements with social housing providers.
The negotiation of new service agreements will include a financial plan developed jointly by the City and the Housing Provider, and must address how the housing project’s revenues will meet its expenditures.

The Senior Financial Analyst will inform the development of the new program model on how housing providers are funded and will continue to operate, taking into consideration the level of funding the City can commit under the Housing Secretariat’s budget in 2024 and beyond.
The Senior Financial Analyst will also:
  • Create provider subsidy scenarios based on historical financial data and assumptions about future revenues and costs utilizing the unit's financial management software;
  • Complete financial data modeling and analysis of revenue and expenditures of service providers with mortgage end dates to identify issues that may affect short- and long-term subsidy costs for the City of Toronto;
  • Complete financial data modelling of the impact of changes in input factors revenue mix, revenue growth, and operating cost escalation on the short- and long-term cost of social housing providers based on a new funding formula;
  • Develop comprehensive reports on financial transactions and trends, including their impact on program subsidies and funding;
  • Use thorough understanding of financial accounting and reporting to make recommendations to Housing Consultants and Housing Stability Services' leadership;
  • Evaluate and prepare comprehensive financial analysis of service provider financial statements to evaluate financial performance and stability of the organization, and make recommendations to Housing Stability Services staff and leadership regarding their financial status, viability, and compliance with future program requirements;
  • Complete financial analyses and make recommendations to leadership including cost/benefit analyses, assessments of traditional and non-traditional financing arrangements, and reviews of business cases;
  • Build an in-depth knowledge of program guidelines of federal and provincial funding sources, and provide recommendations on appropriate program funding and reporting models;
  • Complete financial research and analysis, and participate in policy and program formulation;
  • Review and assess risk management activities, processes and trends, and make recommendations to ensure that risks to the City are minimized;
  • Develop, document and implement effective business processes in relation to a new funding model;
  • Identify opportunities for improvement and maximization of use of resources; and
  • Supervise assigned staff, including the planning and organization of assignments to achieve project objectives and tight time schedules.

Key Qualifications:
  • Post-secondary education in Business Administration, Accounting or other related field, or an equivalent combination of education and related experience.
  • Considerable experience working in a complex accounting environment with responsibility for data management, data analysis, budgeting, financial planning, and financial statement (or report) preparation.
  • Considerable experience with database applications, accounting systems, and spreadsheet, presentation and word processing applications.
  • Considerable experience using Excel to manage large quantities of data and conduct detailed data analysis.
  • Experience managing complex projects from planning to implementation.
  • Experience leading staff in a supervisory role (e.g. providing work direction, training, evaluating and motivating staff).
  • Auditing experience is considered an asset
  • Possession of a CPA designation would be an asset.
  • Excellent written communication skills with the ability to convey technical financial issues in a clear and concise manner.
  • Excellent verbal communications skills with the ability to participate and lead in one-on-one and small group settings.
  • Excellent interpersonal skills with the ability to develop and maintain effective working relationships with other staff, senior leadership, and staff at other organizations including non-profit service providers, other municipal governments, and Federal and Provincial government ministries.
  • Excellent analytical skills to conduct detailed research, create reports and present findings.
  • Superior problem-solving and conflict resolution skills to identify, create solutions to, and resolve issues and/or conflicts independently.
  • Familiarity with housing legislation including the Housing Services Act, 2022 and regulations, and legislated Occupational Health and Safety requirements.

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.