Finance - Budget and Forecast Analyst - UOIT 13-311
Faculty or Department: Finance
Position Title: Budget and Forecast Analyst
Appointment Type: Full-Time Continuing
Posting Date: August 19, 2013
Closing Date: September 16, 2013
The financial analyst will work closely with senior management, budget holders, budget and planning officers and administrative officers to align the budgeting and forecasting process with the University’s goals and strategic plans. This position is responsible for the design, communication, implementation, and follow through of the forecast process and the overall budget process, including the development of a multi-year budget cycle. The financial analyst will also provide in-depth analysis and insightful and relevant recommendations for improving the accuracy, methodology, and execution of the budget and forecast across the University. These recommendations are focused on process, modeling and technology enhancements.
This financial analyst has a key role in defining recommendations, presenting to management for approval, and working with affected parties to successfully implement and support changes to the budget and forecast process. The position demands frequent interactions with all levels of the University and across both faculties and support units. In addition, this position is responsible to prepare quarterly management reports with variance analysis and annual budget reports for presentation to the University’s Audit and Finance Committee and the Board of Governors.
Under the direction of the Director of Financial Planning and Reporting, the financial analyst’s responsibilities include:
- Work across multi-functional teams in order to develop the annual budget process that will maximize the allocation of the University’s resources by leveraging expertise from the broader community, gathering strategic feedback and support necessary to coordinate efforts in deploying initiatives and providing training to the user community.
- Define scope, goals and deliverables of the budget process. Summarize and communicate findings and recurring status updates quickly and effectively to key budget sponsors and stakeholders.
- Create and maintain budget work plans that include timelines, key milestones, and resource allocations.
- Track the completion of budget activities and deliverables, and conduct quality assurance activities to ensure standards of excellence are maintained.
- Complete budget process evaluations and outcome assessments.
- Design, implement, and support a disciplined forecast process that critically evaluates actual vs. forecast and utilizes trends, business analysis and judgment to forecast risks, opportunities and future performance of the University.
- Implement new forecast policies and recommendations to the University’s user community, with strong focus on change management, communication and training aspects.
- Analyze, recommend, and implement new or enhanced processes for improving forecasting techniques, methodologies, and drivers.
- Assist in the development and maintenance of long range financial models to aid in University-wide decision-making processes.
- Work closely with the Financial Planning and Reporting team in the design, maintenance and future enhancement of the Millennium budget and forecast tool.
- Work on special projects as assigned, and prepare ad hoc reports and analysis as needed.
- 4 year degree in Finance, Accounting or equivalent education.
- CGA, CMA or CA designation required.
- Minimum 10 years of budget development and implementation expertise, including budget systems implementation and financial modeling.
- Experience in creating and maintaining budget and forecast processes, models and drivers.
- Experience in leading and managing projects that are strategic in nature and leverage multiple resources.
- Experience in a University environment is an asset.
- Advanced working knowledge in the use of integrated financial systems to perform comprehensive analytical review procedures.
- Excellent communication skills and ability to quickly develop and maintain strong and effective relationships with key stakeholders.
- Have the propensity to innovate and challenge the status quo, and has the demonstrated ability to build consensus at all levels of the organization.
- Ability to quickly assess issues and relevant information to make effective decisions.
- Knowledge of strategic planning principles.
- Candidate will be self-directed, self-motivated, detail-oriented, assertive and service oriented.
How to apply:
Interested candidates should submit a cover letter and resume to firstname.lastname@example.org quoting competition UOIT 13-311 and their name in the subject line. Applications will be accepted until September 16, 2013 or until a suitable candidate is found. We appreciate all applications received; however, only those candidates selected for an interview will be contacted.
The University of Ontario Institute of Technology is an equal opportunity employer and welcomes applications from qualified women and men, including members of visible minorities, Aboriginal peoples and persons with disabilities. All qualified candidates are encouraged to apply; however, Canadians and permanent residents will be given priority.