Senior Financial Analyst

Reporting to the Manager, Financial Planning and Analysis, the Senior Financial Analyst (SFA) will be an integral member of an analytical team performing a range of activities including analysis and reporting of hospital financial and statistical results. The SFA will provide financial insight that is instrumental to drive organizational objectives. The SFA is a key point of contact for the organization’s leaders. The SFA will plan, coordinate, prepare and assist in the financial analysis for the hospital that relates to the development and execution of the operating/capital budgets, month end reporting and year end reporting.

DUTIES AND RESPONSIBILITIES:
1. Prepare and deliver timely, accurate, and useful operating and financial data within designated time frames to support management decision making and ensure hospital funding is maximized.
2. Assist in the development and preparation of the annual budget.
3. Assist non-financial leaders in understanding operating results, financial advice and operational guidance and reporting.
4. Perform monthly financial and statistical journal entries in compliance with Ontario Healthcare Reporting Standards.
5. Review financial results and provide value added analysis utilizing financial tools, budgets, forecasts, spreadsheets and database management concepts.
6. Prepare account reconciliations on a monthly, quarterly and annual basis supported by appropriate documentation and audit trail.
7. Develop and implement financial models and improve processes to better meet the needs of the organization.
8. Determine the validity of business cases by analyzing and validating all financial components including, but not limited to, analysis of free cash flow, risk analysis and net present value.
9. Assist in the development of new decision support systems for internal management reporting and control purposes, budgeting and strategic planning.
10. Complete external reporting requirements, including monthly, quarterly and year end reports to the Ministry of Health and other government agencies by preparing analysis, reports, reconciliations and financial statements or electronic data submissions.
11. Develop and maintain internal and external contacts for the exchange of relevant information.
12. Develop and maintain a framework for timely and accurate preparation of the hospital’s Management Information System (MIS) trial balance submission.
13. Provide accessible, accurate, reliable, relevant data and benchmarking information.
14. Work collaboratively with end users to develop customized data formats to provide information to address specific questions.
15. Prepare year end working papers for external auditors and work with external auditors to provide timely and accurate information.
16. Lead, train and educate other team members on Ontario Cost Distribution Methodology and MIS reporting requirements.
17. Act as information stewards to ensure data quality, timeliness, consistency, accuracy and completeness.
18. Other duties as assigned.

QUALIFICATIONS:
1. University degree in Business; or related field.
2. Chartered Professional Accounting designation (CPA, CA, CMA, CGA).
3. Minimum of 3 years’ experience in an accounting role.

ABILITY:
1. Ability to work effectively and efficiently as a team member in a fast paced environment in stressful situations.
2. Ability to work independently on time sensitive tasks and manage multiple priorities with short turnaround times.
3. Ability to maintain successful working relationships with the interdisciplinary team to achieve positive patient outcomes.
4. Ability to manage time effectively to perform the duties of the position.
5. Ability to meet and interact with people in a pleasant, professional, responsible and reassuring manner. Behaviour consistent with Hospital Mission, Values and Standards of Performance.
6. Understanding of financial internal controls and procedures.
7. Ability to interpret, explain and comply with negotiated contracts, prescribed laws, rules, regulations and procedures.

SKILLS:
1. Excellent verbal and written communication skills and strong interpersonal skills.
2. Advanced computer skills with expertise in Microsoft Office suite (Excel, Access and Word).
3. Logical and efficient, with a keen attention to detail.

Note: Because of the changing nature of the work and work to be done, other responsibilities and duties may be assigned and qualifications may be adjusted from time to time. Only those selected for the recruitment process will be contacted.