Reporting to the Senior Budget Analyst of Financial Planning & Business Analysis, the Budget Analyst will coordinate and direct the development, preparation and monitoring of budget estimates, detailed variance analysis and assists in operational planning and reporting.
- Performs research and prepares budget and financial status reports
- 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
- Prepares Operating Budget on an annual basis for assigned programs and takes necessary action to effect and maintain control of supplemental budget adjustments throughout the year
- Develops, prepares and maintains monthly budget variance and forecast reports in relation to Operating budgets for assigned programs for senior management of the Division
- Monitors and coordinates budgets for inter-divisional charges and recoveries (IDC/IDRs) with divisions, agencies and boards. Prepares internal chargebacks on a periodic basis for assigned portfolio
- Researches and collects data for reporting the effectiveness and efficiency of Divisional/Unit programs based on performance measurement criteria
- Monitors operating, capital and transition project accounts
- Conducts cost benefit studies and financial research on divisional operations from concept to completion
- Reviews and analyzes expenses and generates appropriate timely management information reports
- Reviews all materials and purchase requisitions for availability of funds
- Responds to inquiries from management and employees regarding policies and procedures in the areas of complement management & reporting
- Tracks Capital Budget project progress, expenditures, commitments, completion status and year end projections
- Reviews Divisional financial statements for accuracy and completeness, determines accounts to be charged on accounting documents, and liaises with Finance staff in establishing new Divisional account code requirements
- Liaises with staff of Finance, Payroll and Financial Planning and assists in the preparation of financial reports and budget-related correspondence
- Attends meetings with divisional management teams to provide and clarify information, resolve issues and for financial management support
- Creates spreadsheets and provides additional documentation to supplement the Division’s operating and capital budget submissions
Your application must describe your qualifications as they relate to:
- Post-secondary education in a related discipline such as business, finance, etc. or the equivalent combination of education and experience. A professional accounting designation or currently working towards a professional accounting designation would be an asset.
- Considerable experience in the preparation of budgets and complex financial statements.
- Experience using and knowledge of budget and financial systems, such as SAP, and the FPARS PBF tool, for budgeting, planning and payroll purposes.
- Considerable experience in computer based systems, spreadsheets and databases using advanced excel and access, as they relate to financial analysis and budgets.
- Progressively responsible experience in cost analysis, account reconciliation, variance reporting, and project accounting.
- Extensive experience in the extraction of large amounts of data from corporate systems (i.e. MS Word, MS Excel, MS Access, SAP) and organizing and analyzing that data for the purpose of transforming the data into information for management decision-making.
You must also have:
- Sound knowledge of accounting principles, maintenance of general and subsidiary ledgers, deployment of control accounts, reconciliation of accounts, age analysis of receivables, and Generally Accepted Accounting Practices (GAAP).
- Ability to develop accounting policies based on operational needs, and consistent with the overall corporate accounting framework.
- Ability to interpret, understand and implement complex procedures and agreements and to initiate innovative ideas.
- Knowledge of Complement Management processes and the impacts of this on budgets.
- Strong communication skills with the ability to establish and maintain effective working relationships with all levels of staff and the public.
- Ability to handle multiple projects, prioritize and work in a fast paced team environment.
- Ability to take initiative and work independently as well as cooperatively as a member of a team.
- Ability to work under time constraints and meet tight deadlines.
- Ability to plan, organize and manage work with minimal supervision and complete a number of tasks simultaneously for multiple management staff.
- Strong problem solving, research and analytical skills.
Please note that all applicants are encouraged to provide a valid email address for communication purposes. Applicants may receive written correspondence regarding this job posting directly to the email address provided on their resume or to the one used to set-up their Candidate Profile if applying on TalentFlow. As an applicant, it is your responsibility to ensure that you check your email regularly.
The City of Toronto is committed to fostering a positive and progressive workforce that is representative of the citizens we serve. We will provide equitable treatment and accommodation to ensure barrier-free employment. In accordance with the Ontario Human Rights Code, Accessibility for Ontarians with Disabilities Act and the City of Toronto’s Accommodation Policy, a request for accommodation will be accepted as part of the City’s hiring process.
If you are invited to participate in an assessment process, kindly provide your accommodation needs in advance. Please be advised that you may be requested to provide medical/other documentation to Human Resources to ensure that appropriate accommodation is provided to you throughout the hiring process.