
financial analyst Vancouver
Job description
The Financial Analyst is responsible for performing senior level financial management and accounting functions in VP FRO for the unit of Energy and Water Services. This position is primarily responsible for providing financial guidance, advice, tools and reports to management to help them develop, manage, and monitor their individual budgets; assessing existing financial systems and recommending changes; conducting broad financial analyses and performing complex reconciliations; and developing policies and procedures to support financial processes. This position plays a significant role in supporting the Associate Director, Finance as well as supporting other finance managers in providing strategic financial management and guidance to the unit.
Organizational Status
Work is done in collaboration with the Board of Governors, VPs, Treasury Office, Budget and Planning Office, Payment and Procurement Services, IT Services, Internal Audit, Directors and external customers and agencies including GVRD, provincial and federal governments, municipalities and external auditors.
Work Performed
2. Provides support to unit leaders by assisting in the development of unit budgets, assessing the impact and implementation of new funding initiatives and other budget adjustments, and providing training in the use of Workday Adaptive budgeting and other financial management and reporting systems.
3. Analyze variances and develop financial forecasts and complex models and reports from various systems (i.e. Workday, Adaptive, Hyperion 2.0, Utilities Management System (UMS), Planon and NAV) on an annual, quarterly basis to help the senior management teams and Portfolio Finance Director to understand their resources, manage within their financial means and make informed decisions on hiring and new program development.
4. Participate in year-end processes (i.e. compilation to ensure the appropriate compliance to accounting and internal controls, maintenance of all transaction documents files for audit and reference purposes, assist in the year-end general ledger and accounts payable processes including accruals and preparing proper documentation for external auditors, and develop procedures, systems and training etc.).
5. Develops and prepares financial reports for individual units and provides unit leaders with high level variance analysis of actual operating results in relation to forecast and planned activities to support decision-making.
6. Performs comparative funding reviews and collaborates with managers in resolving financial and business-related issues including those involving deficits in operating and capital accounts.
7. Monitors units in day-to-day financial operations (i.e. investigating billing discrepancies and engaging with customers and stakeholders on effective solutions, facilitating resolution for financial issues between units and Central UBC, and third parties, implementing the rollout of new policies and procedures, and providing training relating to financial policies, internal controls, expenditure reimbursements and related areas).
8. Updates Workday Adaptive as required to ensure that forecasts and budgets are as intended and resolves any discrepancies between workforce in Adaptive and position management in the Human Resources Management System (HRMS).
9. Prepares complex reconciliation of capital and operating accounts, adhoc reports, reconciliation s and analyses for senior management.
10. Interprets accounting procedures and reporting guidelines, and provides financial advice to directors, managers, and staff.
11. Develops, recommends and implements policies and procedures, and designs and conducts training on financial forecasting and budgeting techniques, accounting procedures, policies, and systems.
12. Maintains current knowledge of and ensures compliance to Generally Accepted Accounting Principles, University policies and procedures, Canada Revenue Agency regulations and other relevant federal and provincial legislation.
13. Provides insight into significant financial risks and makes practical recommendations to reduce risk, improve operational performance and increase management confidence.
14. Provides support to complete year-end activities and internal cost recoveries with other University departments based on established agreements.
15. Performs other related duties as required.
Consequence of Error/Judgement
Supervision Received
Report directly to the Associate Director, Finance, Energy and Water Services
Supervision Given
None.
Minimum Qualifications
Undergraduate degree in a relevant discipline. Enrolled in the CPA Professional Education Program (PEP) modules. Minimum of five years of related experience, or the equivalent combination of education and experience.
- Willingness to respect diverse perspectives, including perspectives in conflict with one’s own
- Demonstrates a commitment to enhancing one’s own awareness, knowledge, and skills related to equity, diversity, and inclusion
Experience in fund accounting, financial control and policy interpretation.
Ability to analyze problems, identify key information and issues and effectively resolve. Ability to analyze and reconcile accounts and to resolve discrepancies.
Strong oral and written communication and interpersonal skills to work with a diverse group of people to collaborate on improving process, practice and systems.
About University of British Columbia
CEO: Arvind Gupta
Revenue: $2 to $5 billion (USD)
Size: 10000+ Employees
Type: College / University
Website: www.ubc.ca
Year Founded: 1915