BUDGET ANALYST

Job ID: 46798

Job Category: Finance, Accounting & Purchasing

Division & Section: Seniors Services & Long Term Care, LTC Management Services

Work Location: Union Station, 65 Front Street West

Job Type & Duration: Full-time, Temporary (8 months) Vacancy

Hourly Rate: $43.58 - $47.75

Shift Information: Monday to Friday, 35 hours per week

Affiliation: L79 Full-time

Number of Positions Open: 1

Posting Period: 10-MAY-2024 to 24-MAY-2024

Major Responsibilities:

• Performs research and prepares operating and capital budget submissions and financial status reports

• Creates spreadsheets and provides additional documentation to support the division's operating and capital budget submissions

• Prepares budget schedules and takes necessary action to effect and maintain control of budget adjustments throughout the year

• Tracks capital budget project progress, expenditures, commitments, completion status and yearend projections

• Develops, prepares and maintains monthly budget variance and forecast reports in relation to Operating budgets for senior management of the Division.

• Develops and prepares financial statements to advise management on the financial status of various operating budget items, using information extracted from corporate and divisional accounting systems and databases

• Reviews Divisional financial statements for accuracy and completeness, determines accounts to be charged on all types of accounting documents, and liaises with Finance staff in establishing new Divisional account code requirements

• Reviews and analyses various expenses and revenue (e.g. payroll, contribution from reserve funds, etc.) and generates appropriate adjustments and timely management information reports

• Reviews all materials and purchase requisitions for availability of funds

• Researches and collects data for reporting the effectiveness and efficiency of Divisional / Unit programs based on performance measurement criteria

• Conducts cost benefit studies and financial research on divisional operations from concept to completion

• Liaises with staff of Accounting Services, Payroll and Financial Planning, and assists in the preparation of financial reports and budget-related correspondence

• Reviews and updates current Divisional procedures as required to facilitate coordination of the division's budget submission, etc.

• Attends meetings to provide and clarify information and resolve issues

• Assists in the processing of subsidy requests and annual information returns.

• Monitors operating, capital and transition project accounts.

• Creates, develops and maintains personnel payroll forecast system for inclusion in the Division's operating budget.

• Provides guidance to accounting clerks in the performance of their duties. Checks and verifies account codes, features of expense

Key Qualifications:

Your application must describe your qualifications as they relate to:

1. Degree in accounting, business, or a related field, or an equivalent combination of education and experience.

2. Experience with budget preparation, including complex financial statements, and operating and/or Capital Budget processes and systems (e.g., Captor, PBF).

3. Experience with cost-sharing programs, account reconciliation, variance analysis, and reporting on financial and performance metrics

4. Experience with computer-based accounting, financial, and purchasing systems (e.g., SAP, RPGS Online), along with the use of database management tools such as Microsoft Excel, Access.

You must also have:

• A high level of skill in the extraction of large amounts of data from corporate systems and organizing, analyzing and transforming the data into information for management decision making.

• Sound knowledge of financial and accounting principles and practices, maintenance of general and subsidiary ledgers, deployment of control accounts, age analysis of receivables, and Generally Accepted Accounting Principles (GAAP), proficiency in mathematical calculations and high degree of accuracy with figures.

• Ability to communicate clearly and effectively both verbally and in writing, with all levels of staff and with external clients.

• Ability to work in teams and maintain cooperative relationships.

• Ability to maintain confidential information.

• Ability to work in a customer service environment, addressing the service inquires, requests and concerns of clients, the general public and/or staff.

• Ability to support the Toronto Public Service values to ensure a culture that champions equity, diversity, and respectful workplaces

• Familiarity with public sector performance measurement and the ability to research and track useful process and product measures for reporting the effectiveness and efficiency of Divisional programs is an asset.

Possession of a completed or partially completed CPA designation is considered an asset

Please Note:

As a condition of employment with the Senior Services and Long-Term Care Division, selected candidates will be required to provide a satisfactory Police Reference Check (PRC) with vulnerable sector screening, tuberculosis screening and proof of immunization in accordance with the Fixing Long-Term Care Act, 2021 (O.Reg. 246/22).

NOTE TO INTERNAL FULL-TIME AND PART-TIME CITY OF TORONTO EMPLOYEES:

City of Toronto employees must apply to full-time or part-time employment opportunities posted on the City's Internal Job Posting Portal.

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 toemployment equity (https://jobs.toronto.ca/jobsatcity/content/Hiring-Policies-and-Statements/?locale=en_US) .

Accommodation

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’sHiring Policies and Accommodation Process (https://jobs.toronto.ca/jobsatcity/content/Hiring-Policies-and-Statements/?locale=en_US) .