Budget & Financial Analyst II

McMaster University; Hamilton; On-site; CAD 42,000 - 60,000; Full time

Job summary

McMaster University is seeking a Budget and Financial Analyst II to manage financial activities within a unit, including revenue tracking, expenditure authorizations, and budgeting. The role provides supervision to staff and ensures compliance with policies and regulations across the year.

The position requires a Bachelor’s degree in Finance, Accounting, or related field and five years of relevant experience, including supervisory duties.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or relevant field of study.
• 5 years of relevant experience, including one year of supervisory experience.

Responsibilities

• Develop financial policies and procedures.
• 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.

Education

Bachelor’s degree in Finance, Accounting, Economics, or relevant field of study

Job description

Education Level Bachelor’s degree in Finance, Accounting, Economics, or relevant field of study

Career Level Requires 5 years of relevant experience, including one year of supervisory experience

Hourly Rate $36.81 per hour

Job Description

Job Title: Budget and Financial Analyst II

Job Code: UJD066

Pay Grid: Uniforn Comparator

Pay Grade: Grade 9

Job Summary

Responsible for managing the financial activities within a unit or department including tracking revenue, authorizing expenditures, developing and implementing budgets, and reconciling and reporting year end financials. Ensures financial activities are performed effectively and all relevant policies, procedures, contracts and legislations are adhered to. Provides supervision to other staff.

Accountabilities

• Develop financial policies and procedures.
• 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.

Qualifications

Education: Bachelor’s degree in Finance, Accounting, Economics, or relevant field of study.

Experience: Requires 5 years of relevant experience, including one year of supervisory experience.

Employment Equity Statement

McMaster University is located on the traditional territories of the Haudenosaunee and Mississauga Nations and within the lands protected by the “Dish With One Spoon” wampum agreement.

The diversity of our workforce is at the core of our innovation and creativity and strengthens our research and teaching excellence. In keeping with its Statement on Building an Inclusive Community with a Shared Purpose, McMaster University strives to embody the values of respect, collaboration and diversity, and has a strong commitment to employment equity.

The University seeks qualified candidates who share our commitment to equity and inclusion, who will contribute to the diversification of ideas and perspectives, and especially welcomes applications from indigenous (First Nations, Métis or Inuit) peoples, members of racialized communities, persons with disabilities, women, and persons who identify as 2SLGBTQ+.

As part of McMaster’s commitment, all applicants are invited to complete a confidential Applicant Diversity Survey through the online application submission process. The Survey questionnaire requests voluntary self-identification in relation to equity‑seeking groups that have historically faced and continue to face barriers in employment. Please refer to the Applicant Diversity Survey - Statement of Collection for additional information.

Job applicants requiring accommodation to participate in the hiring process should contact:

This position is located in a host hospital or other healthcare site that has an active vaccination mandate in place. Successful applicants will need to comply with these and any other health and safety measures necessary as part of their appointment.

Hybrid Work Language

To ensure an ongoing and vibrant University community that meets the needs of our students, staff and faculty and supports the University mission, ability to work on‑site continues to be a requirement for most University positions. The University is supportive of exploring flexible work arrangements that effectively balance operational needs and employee interests.

Interview Experience

At McMaster University, we believe in a comprehensive and inclusive interview process. Our interview methods encompass a variety of approaches that allow our hiring teams to provide a flexible and accessible experience for engaging with our candidates. Throughout your recruitment process at McMaster, you may be requested to participate in a variety of formats, that may include in‑person, virtual or recorded interviews. If you have any questions as you move through the hiring process, please reach out to [e-mail] or the HR contact associated with your position of interest.

AI Statement

McMaster and its third‑party partners may use AI tools to screen, assess, or select applicants during the hiring process. Please note that currently our recruitment platform does not use AI nor is it part of our current recommended recruitment process.