Budget and Financial Analyst I

McMaster University; Hamilton; On-site; CAD 60,000 - 75,000; Full time

Job summary

A leading university in Hamilton is seeking a Budget and Financial Analyst I to coordinate financial information and develop program budgets. The role involves analyzing financial data, preparing reports, and providing training to staff. Ideal candidates will have a Bachelor's degree in Finance or related fields and relevant experience.

Qualifications

• Requires 4 years of relevant experience.
• Experience in budget and financial report preparation.
• Strong asset: Previous experience in a university environment.

Responsibilities

• Analyze financial information for budgeting.
• Prepare budget adjustments and financial statements.
• Provide training and guidance on financial processes.

Skills

Organizational Skills

Time Management

Problem Solving

Communication

Education

Bachelor’s degree in Finance

Bachelor’s degree in Accounting

Bachelor’s degree in Economics

Tools

Microsoft Excel

Microsoft Outlook

Microsoft Access

Oracle Business Intelligence

PeopleSoft

Job description

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The position that you have applied for is in the Department of Health Research Methods, Evidence and Impact within the Faculty of Health Sciences at McMaster University. The department has achieved its international reputation by conducting quality clinical research through rigorous research methods and application. In addition, its strong educational programs have grown to include graduate programs in health research methodology, public health, and eHealth as well as Graduate Diploma Programs in Community and Public Health and Clinical Epidemiology and the Public Health and Preventative Medicine Residency Program. HEI is currently home to over 400 Faculty and Staff members, and 400 students.

Job Summary:

Responsible for the coordination, consolidation, and preparation of financial information and related analyses in order to forecast financials and develop program budgets that maximize fiscal resources. Provides training and guidance to others as it pertains to departmental financial processes and procedures. Provides lead hand supervision to other staff.

Purpose and Key Functions:

• Analyze financial information to aid in the development and implementation of short-term and long-term financial planning.
• Develop multi-year budgets for review and approval.
• Project revenues and prepare detailed calculations of projected compensation costs and other expenditures.
• Prepare budget appropriation adjustments required after the approval of the original budget.
• Prepare working papers and consolidate information in accordance with financial auditor requirements.
• Develop estimates of time, resources, and budgets for various program activities and events.
• Plan and coordinate timetables and budget processes for budget review with various departments.
• Meet with departments to review resource plans in order to prepare financial projections.
• Coordinate and schedule data flow and financial information required for the preparation and development of detailed financial statements.
• Scrutinize, analyze, and reconcile detailed financial reports and records.
• Monitor and investigate error and exception reports.
• Analyze business processes to ensure efficiency and proper controls for accurate financial reporting and the safeguarding of assets.
• Recommend changes to improve processes.
• Act as a resource to staff, departments, and external agencies, and respond to inquiries, questions and concerns pertaining to financial issues.
• Provide advice on the restructuring of accounts for proper management control and streamlined reporting.
• Coordinate the collection, verification, analysis and reporting of financial data.
• Interpret and communicate applicable financial policies, procedures and guidelines to others.
• Assist with internal and external audits by preparing audit files and responding to auditor inquiries.
• Develop and deliver training and information sessions.
• Analyze data and assess for reasonableness.
• Develop budgets for review and approval.
• Implement and maintain budgets.
• Create financial projections and make adjustments to budgets throughout the fiscal year.
• Exercise appropriate controls, monitor, and reconcile accounts.
• Write a variety of document and reports such as procedure manuals, accounting reports, and financial statements.
• Perform various analyses and reconciliations of accounts.
• Generate reports and account statements and review for accuracy.
• Provide training and guidance to others on relevant accounting procedures and the use of financial systems.
• Calculate, prepare and issue invoices, cheques, account statements and other financial statements according to established procedures.
• Receive, send, sort, verify, process and prepare various documents such as purchase orders, invoices, cheque requisitions, receivables, and payables.
• Process, verify, and balance financial records and business transactions, such as accounts payable, accounts receivable, and payroll.
• Monitor and reconcile statements and participate in the reconciliation of accounts.
• Prepare and generate a variety of scheduled and ad hoc reports.
• Update, maintain, and verify information in a variety of spreadsheets and databases.
• Balance and control cash receipts, including floats, petty cash and cheques.
• Apply standard mathematical skills such as calculations, formulas, and equations to perform a variety of calculations.
• Create spreadsheets including complex formulas and equations.
• Answer complex inquiries via telephone, email, and in person that are specific in nature and require a specialized knowledge of policies and procedures.
• Maintain filing systems, both electronic and hard copy.

Supervision:

Provide lead hand supervision and is responsible for the quality and quantity of work of others.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, or relevant field of study.
• Requires 4 years of relevant experience.

Assets:

• Previous experience working in a university environment is considered a strong asset
• Experience in budget and financial report preparation, and variance analysis would be considered a strong asset
• Experience working with an ERP such as Oracle Business Intelligence and Mosaic (PeopleSoft)
• Previous experience in research accounting and working with principal investigators is considered a strong asset

Additional Information:

The successful candidate will have/demonstrate the following:

• Excellent organizational, time management, and planning skills.
• Proven success at prioritizing and managing multiple tasks simultaneously.
• Ability to meet tight project deadlines and competing timelines.
• High attention to detail while producing thorough and accurate work.
• Excellent problem solving and critical thinking skills.
• Ability to respond creatively to resolve issues and maintain workflow.
• Excellent interpersonal skills and the ability to build and maintain relationships at work.
• A high degree of professionalism, integrity, and ability to handle confidential information.
• Ability to take initiative and follow through, but willing to ask for help when needed.
• Strong verbal and written communication skills.
• Ability to work independently and collaborate within a team environment.
• Experience in the following areas:
• Intermediate level proficiency with Microsoft Office, specifically Excel, Outlook and Access
• Performing financial and accounting tasks such as journal entries, account reconciliations and financial analysis

How To Apply

To apply for this job, please submit your application online.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Contract

Job function

• Job function

  Finance

• Industries

  Higher Education

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