JOB INFORMATION
Requisition ID: 7429
Number of Vacancies: 1
Department: Finance (20000042) - Budgets And Costing (30000072)
Salary Information: $99,717.80 - $124,724.60
Pay Scale Group: 10SA
Employment Type: Regular
Weekly Hours: 35, Off Days: Saturday & Sunday Shift: Day
Posted On: March 28, 2023
Last Day to Apply: April 10, 2023
Reports to: Manager Operating Budgets


The Toronto Transit Commission (TTC) is North America\'s third largest transit system and has been recognized as one of the top places to work in the GTA. Guided by a forward-thinking strategic plan, the TTC\'s vision is to be a transit system that makes Toronto proud. The TTC\'s recruitment efforts are directly aligned to its mission of providing "a reliable, efficient, and integrated bus, streetcar and subway system that draws its high standards of customer care from our rich traditions of safety, service and courtesy."

General Accountability

Reporting to the Manager, Operating Budgets, the Senior Financial Analyst is a key financial advisor to the assigned Business Partner, providing strategic advice, expert financial analytics, planning, and management and control services.


The incumbent must exercise superior analytical and problem solving abilities in order to assess, analyze and effectively interpret large quantities of data and information from a variety of sources to support decision-making, budgeting, scenario modelling, accurate reporting, financial controls and corporate policies. This position consistently works with complex financial data to assess, analyze and project a variety of financial scenarios.

Key Job Functions

• Supporting the Business Partner\xe2\x80\x99s senior management with translating their business strategies into accompanying financial strategies, multi-year business & financial plans, prioritization, performance measures and targets.
• Developing the Business Partner\xe2\x80\x99s annual Operating Budget, calendarization of forecasted expenditures, monthly expenditure reporting and forecasting.
• Working with Finance and the Business Partner(s) to formulate and advance Operating budget needs to execute their business plans, identifying integration points / interdependencies with related Business Partners\xe2\x80\x99 operations, plans and budgets, and identify, analyzing and accounting for anticipated impacts of key issues on all affected Operating and Capital Budgets.
• Collaboratively identifying, evaluating and costing alternative solutions that may similarly achieve the Business Partner\xe2\x80\x99s overall goals, objectives and/or service level targets
• Working with Finance and the Business Partner(s) to develop financial analysis for comprehensive business cases that assess the financial feasibility of various Business Partner-led initiatives, including financial modelling, multi-year financial projection and results, data visualization, and summary reports and presentations to support decision-making.
• Preparing financial reporting in the assigned corporate format for the Business Partner\xe2\x80\x99s senior management and Finance, providing insights on their financial results, organizational health and performance, and identifying risks and opportunities for management of their Operating budgets
• Monitoring in-year Operating expenditures, evaluating variances and trends compared to approved budgets, forecasts and performance measures, analyzing root causes and recommending mitigating strategies to departmental management in a timely manner
• Developing financial summaries for TTC Board Reports, including identifying current and future financial impacts associated with report recommendations, reviewing Financial Summaries with Finance and Business Partner\xe2\x80\x99s senior management, and obtaining all necessary approvals.
• Analyzing and planning workforce needs, working with Business Partners to manage complement, conducting financial analysis & modelling to validate resource plans, and analyzing and reporting on overtime and vacancies
• Reviewing and approving Operating expenditures against contracts and approved funding, and confirming available funding prior to contract awards
• Reviewing period expenditures to identify costs related to planned Capital activities and complete financial transfers of appropriate costs to the correct projects.
• Performing departmental year-end activities to support corporate year-end, including ensuring the completeness and validity of accruals
• Developing a deep understanding of the Business Partner\xe2\x80\x99s business, services, processes, systems, and financial statements and assist the Business Partner to improve processes and efficiency if possible

Key Job Functions continued

• Building and maintaining productive relationships at all levels across the Business Partner\xe2\x80\x99s organization
• Briefing the Business Partner on all financial planning, budgeting and management matters to ensure understanding of their financial accountabilities and improve knowledge and understanding of their financial budget, performance & health
• Continuously improving and proactively identifying opportunities to enhance the Business Partner\xe2\x80\x99s existing operating budgeting and forecasting processes and procedures
• Promotes a respectful work and service environment that supports diversity, inclusion, and is free from harassment and discrimination. Provides leadership in the development and implementation of inclusive and accessible policies, programs and/or services for employees and customers in accordance with TTC\'s commitments and obligations under the Ontario Human Rights Code (OHRC) and Related Orders, the Accessibility for Ontarians with Disabilities Act (AODA), and TTC\'s policies.

Skills

Use office technology, software and applications
Apply accounting principles and practices
Apply analytical skills
Communicate in a variety of mediums
Understand and apply relevant laws and regulations

Education and Experience

• Post-secondary degree in Business Administration, Accounting, Finance, Economics or a related discipline, or a combination of education, training and experience deemed to be equivalent
• Extensive experience providing financial planning, management and analysis support services to clients of significant size, scale, complexity and/or diversity of business operations
• Extensive experience in the preparation of financial plans, budgetary reporting and financial analysis for a managerial audience
• Extensive knowledge of and working experience with cost control principles, methods, practices, performance measures, and financial research methods and techniques
• Extensive experience in the review and financial administration of high volumes of and/or complex contractual agreements, and supporting oversight of the performance of contractual obligations
• A recognized accounting designation (Chartered Professional Accountants (CPA), Chartered Accountants (CA), Certified General Accountants (CGA), or Certified Management Accountants (CMA)), Masters of Business Administration (MBA) or equivalent designation is preferred
• Knowledge of and experience with Public Sector Accounting Standards is preferred
• Demonstrated work experience with SAP is preferred

Additional Requirements

• Expert knowledge in MS Word, PowerPoint and Microsoft Excel (including Macros, Pivot Tables, Lookup Functions and Data Analysis Functions) and other computerized applications related to financial planning, budgeting, accounting, costing and cost control
• Excellent strategic, lateral thinking, planning, analytical, and problem solving skills with the capacity to effectively plan, develop, implement and evaluate complex administrative and operating systems
• Proven excellent written and verbal communication skills, including writing reports and delivering presentations with complex technical information to senior leadership teams
• Ability to manage competing priorities and demands in a rapidly changing environment

The TTC is committed to upholding the values of equity, diversity, anti-racism and inclusion in the delivery of its services and in its workplaces. The TTC is committed to fostering a diverse workforce that is representative of the communities it serves at all levels of the organization, and supports an inclusive environment where diverse employee and community perspectives and experiences bring value to the organization. The TTC encourages applications from all applicants, including members of groups with historical and/or current barriers to equity, including but not limited to, Indigenous, Black and racialized groups, people with disabilities, women and people from the LGBTQ(IA+) community. The TTC values and supports an inclusive and barrier-free recruitment and selection process. Accommodations for applicants are available upon request throughout the recruitment and selection process, including for those who identify as having a disability. Please contact Talent Management at (416) 393-4570. Any information received related to an accommodation will be addressed confidentially.
The TTC\xe2\x80\x99s policy prohibits relatives of current TTC employees from being hired, assigned, transferred or promoted into positions, where there is a conflict of interest due to a relationship. Should you be selected for an interview, you will be required to disclose the name, relationship and position of any relative who is a current TTC employee.
We thank all applicants for their interest but advise only those selected for an interview will be contacted.