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Financial Analyst

02 Dec 2024

Full-time, Fixed term Contract
700 Lawrence Ave, W, North York, ON, M6A 3B4
Job Details:

Our client is looking for a Financial Analyst to fulfill a 1 year contract with a possibility for an extension. They are the city’s leading community mental health agency.

Interested candidates may submit their resume in word doc. format at recruiter@staffworkscanada.com  for further consideration. Staffworks thanks all candidates for their interest; however only those selected to continue in the process will be contacted.

  • Responsibilities
    Responsibilities Financial Reporting & Analysis
    • Prepare monthly, quarterly, and annual financial reports for multiple funding sources as assigned, ensuring compliance with internal standards, contract funder requirements and accounting standards.
    • Collaborate with the Manager of Financial Reporting to consolidate financial data from various projects and funding sources into comprehensive summary reports.
    • Create and enter revenue invoices, revenue and program costs allocation journal entries
    • Maintains a schedule of administrative cost recovery by funding program and funding source.
    • Maintain deferred revenue schedule to ensure compliance with accrual basis of accounting.
    Variance Analysis
    • Analyze variances between actuals and budget, investigating significant discrepancies and providing clear, actionable insights to leadership.
    • Assist in preparing consolidated and program/department variance reports, offering explanations, and identifying trends impacting budget performance.
    • Perform a monthly review of staff cost variance versus budget from hours and compensation rate standpoints
    Data Integration & Management
    • Analyze variances between actuals and budget, investigating significant discrepancies and providing clear, actionable insights to leadership.
    • Assist in preparing consolidated and program/department variance reports, offering explanations, and identifying trends impacting budget performance.
    • Perform a monthly review of staff cost variance versus budget from hours and compensation rate standpoints
    Budget Support & Forecasting
    • Assist in annual budget preparation, supporting the Manager of Financial Reporting and Program Managers in the forecasting process.
    • Monitor ongoing budget performance for assigned projects, preparing periodic budget-to-actual reports, and providing insights into spending patterns in partnership with budget managers.
    Compliance & Audit Support
    • Ensure all financial data is prepared in accordance with legal requirements, funder guidelines, agency policies, and applicable accounting standards.
    • Support the audit process by preparing required documentation, responding to audit queries, and assisting in the implementation of audit recommendations.
  • Requirements
    Education
    • Bachelor’s degree in Finance, Accounting, Business, or a related field.
    • Certified Professional Accountant (CPA) designation, or a relevant designation in progress, is considered an asset.
    Experience
    • Minimum of three (3) years experience in financial analysis, reporting, or budgeting, preferably within the non-profit or healthcare sector.
    Skills You Bring
    • Strong analytical and problem-solving skills, with experience in variance analysis and financial reporting.
    • Proficiency in accounting software; prior experience with Oracle’s Netsuite and Yardi is an asset.
    • Advanced Microsoft Excel skills for financial analysis.
    • Familiarity with data reconciliation and the ability to work across multiple accounting systems.
    • Excellent attention to detail and the ability to work efficiently to meet deadlines.
    • Effective collaboration with program managers, funder representatives, and others to ensure accurate, timely reporting.
    • Skilled in identifying trends, analyzing variances, and providing actionable recommendations.
    • Commitment to adhering to funding guidelines and accounting standards.
    • Strong communication skills to clearly convey analysis and insights for informed decision making.
    • Proven ability to work under tight deadlines and manage multiple priorities effectively.

    Experience:

    • Yardi: 2 years (preferred)
    • Non Profit: 1 year (preferred)
    • Healthcare: 1 year (preferred)
    • Financial Analyst: 3 years (required)

    Licence/Certification:

    • Chartered Professional Accountant (preferred)
  • Accessibility
    Staffworks thanks all candidates for their interest; however only those selected to continue in the process will be contacted. We are an inclusive employer committed to diversity and inclusion. We encourage qualified applicants of all ages, races, colours, ethnic origins, religions, abilities, gender identities and sexual orientations to apply. If you are selected for an interview, please inform your recruiter of your accommodation requirements.
Apply now

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