Financial Analyst

Position Title:

Financial Analyst

Division:

Finance and Lending

Department:

Corporate Finance

ReportsTo:

Manager, Budgeting & Reporting

Position Purpose

To support the Plan, Track and Recover (PTR) application tool and to assist users with the application. To assist in the development of resource planning initiatives. To support the monthly and quarterly financial and corporate reporting. To assist with the annual IO budget preparation.

Key Function and Responsibilities

1. Manage the Plan, Track & Recover (PTR) system development and continuous improvement of the tool.

  • Deliver complete, accurate and thorough analysis using PTR data to help Corporate Finance and business units evaluate utilization and recovery at a divisional and project level.  Monitor actual results and analyze variances from plan.
  • Assist users with questions and changes to their weekly tracking.
  • Manage PTR for projects on-boarding and off-boarding.
  • Work with IT to assist users with issues that may arise with the tool.
  • Provide reports and deliver recommendations to the Manager, Budgeting and Reporting by assembling and analyzing historical data, as well as by identifying trends.
  • Provide staff utilization data to Major Projects, Real Estate, support groups, and other IO business lines to assist in the development of their project resource plans and the annual budget.
  • Collaborate with PTR users to design and enhance cost recovery initiatives

 

 

2. Financial Reporting and Budget Preparation

  • Assist with the monthly headcount reports for the Senior Management team, including year to date actuals against budget and variance explanations.
  • Analyze monthly operating expense spending against budget and provide variance explanations, against set thresholds, included within monthly reports.
  • Assist the Manager, Budgeting and Reporting in collecting budget data by meeting with business units.
  • Create budget templates for departments and headcount, and prepare actuals vs. budget variance analysis for the annual budget. Create other templates as required or assigned.
  • Prepare financial results on specific projects for IO business lines.
  • Assist with project billings (e.g. billing preparation, monitoring and reconciliations) as assigned.
  • Make recommendations to improve on financial reporting, internal controls and related processes.

 

3. Corporate Reporting

  • Assist in the development of the Annual Report, the Quarterly Board report and tracking corporate objectives by developing/tracking a deliverables calendar, sending out communications to the business units, consolidating and validating data submitted and helping draft or review sections within each report.
  • Create templates and validate information against source data for accuracy and completeness

Qualifications

Education and Knowledge

  • Post-secondary degree in accounting or business.
  • Actively working towards a Chartered Professional Accounting (CPA)designation
  • Solid knowledge of financial principles, procedures, processes, and systems.

Experience

  • Over 3 years of experience in a finance related function.

Skills and Personal Attributes

  • Strong analytical and problem solving skills.
  • Ability to research, analyze and synthesize high volume of data in order to prepare reports and recommendations for senior level decision-makers.
  • Good oral and written communications skills to prepare and present reports.
  • Good organizational skills to manage multiple projects and to meet tight deadlines.
  • Proficient in the Microsoft Office suite of products especially in Microsoft Excel.
  • Ability to facilitate communications between stakeholders in areas such as issues management (e.g. between PTR user and the Information Technology team).