Financial Planning and Controls Officer

Mohawk; Hamilton; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading college in Ontario is seeking a financial management professional to support the Dean and Management team of the Centre for Community Partnerships and Experiential Learning. This role involves financial planning, reporting, and compliance with audit frameworks. The ideal candidate will have a strong background in accounting, experience with integrated financial systems, and a commitment to equity and diversity.

Benefits

Defined Benefit pension plan (CAAT)

93% top-up of maternity and parental leave pay

Progressive vacation starting at 15 days

Employee Assistance Program

Comprehensive health benefits

Reduced-rate courses for employees and dependents

Qualifications

• Minimum 4 years degree in Business or Accounting and CPA required.
• At least 5 years of senior accounting experience.

Responsibilities

• Coordinate year-end activities and prepare financial statements.
• Monitor and analyze budgets, revenues, and expenses.

Skills

Communication

Financial Analysis

Budget Management

Education

4-year university degree in Business or Accounting

CPA designation

Tools

General Ledger (FAST)

Job description

Home Campus : Fennell (hybrid work arrangements available)

Rate of Pay : Payband J (Start Rate : $ per hour)

Closing Date : July 5th, 2024 at 7:00 pm EST

Preference will be given to qualified employees within the Full Time Support Staff bargaining unit, Appendix D (in the role for 6 consecutive months) and RPT employees who have passed probation at Mohawk College.

We believe the rich diversity among our students and the communities we serve should be reflected within our workforce. As educators, we believe it is important to act and show leadership in advancing the principles of reconciliation, equity, diversity, and inclusion in our community.

Job Summary

The Incumbent provides financial management services to the Dean and Management team of the Centre for Community Partnerships and Experiential Learning (CCPEL).

The incumbent is responsible for the financial planning and reporting requirements related to the operational groups that comprise CCPEL. This includes accountability for cost/cost control strategies, advising on financial operating models, supporting planning and budgeting processes, financial performance reporting systems, and audit reporting practices. The role involves forecasting, monitoring, and analyzing divisional and segmented budgets, closely tracking revenues and expenses, and recommending contribution margin strategies to ensure competitiveness and sustainability. The incumbent consults with Finance and other units within the college to ensure quarterly, mid-year, and year-end reporting is accurate and complies with internal and external budget and audit frameworks.

What you’ll be doing :

You will coordinate year-end activities, prepare financial statements in collaboration with auditors, and respond to audit findings and recommendations from federal and provincial program auditors, including the Auditor General of Canada and Internal Auditors.

• Assess the validity and relevance of audit recommendations and provide recommendations for corrective actions in consultation with senior management.
• Assist in implementing new budget and accounting processes to meet upcoming financial reporting requirements.
• Engage with federal and provincial audit officials to address evolving financial requirements.
• Ensure completion of audit expectations and reporting in conjunction with Finance staff.

Prepare budgets and financial reports for all programming related to CCPEL using the General Ledger (FAST), tracking Accounts Payable, Accounts Receivable, Deferred Revenue, and Deferred Capital Contributions.

• Conduct financial analyses and prepare operating budgets for government-funded proposals, including forecasts and cash flows, adhering to GAAP guidelines.
• Develop and evaluate program and project funding criteria, ensuring resource allocations align with departmental and government funding objectives.
• Implement expense guidelines and audit requirements, setting submission timeframes for financial reporting, budgets, variance reports, and year-end activities.
• Ensure accurate claims submission for funded activities, providing supporting documentation as needed.

Develop and implement financial management reporting systems, determining information requirements through needs analysis and consultation, including interfacing between college and government financial systems.

• Analyze project budgets and costs, advising on costs, benefits, alternatives, and adjustments to meet constraints.

Monitor and support departmental financial management through analytical reviews, investigating unusual spending trends, and identifying funding concerns.

• Provide recommendations to address budget management issues and contribution margins.
• Prepare regular financial position reports and maintain accurate projections.

Support the college’s financial system by developing internal controls, assisting with budget planning, variance analysis, and expenditure control to align with funding partners’ structures.

• Contribute to the development and implementation of accounting policies and financial procedures.
• Collaborate with Finance staff on budget updates, investigations, and variance explanations.

Other duties as assigned

• Analyze and report on special projects or activities assigned by the Dean.

What you’ll bring to the role :

• A minimum 4-year university degree in Business or Accounting and a professional accounting designation (CPA).
• At least 5 years of senior accounting experience, especially with integrated financial systems using GL, Purchasing, A/P, and A/R modules.
• Experience in not-for-profit accounting within large organizations.
• Commitment to human rights, equity, diversity, inclusion, and accessibility.
• Ability to communicate effectively with diverse stakeholders.

What we offer :

• Defined Benefit pension plan (CAAT) with employer contributions.
• 93% top-up of maternity and parental leave pay for 52 weeks.
• Progressive vacation starting at 15 days plus holiday closure.
• Employee Assistance Program including counseling, financial literacy, nutrition, and more.
• Comprehensive health benefits including dental, vision, paramedical services, and disability coverage.
• Reduced-rate courses for employees and dependents.

To learn more about working at Mohawk College, please visit our website.

We are committed to reconciliation and fostering an inclusive, diverse, equitable, and accessible environment. We encourage applications from marginalized groups and those who can contribute to our diversity. If you require accommodations during the recruitment process, please contact Human Resources.

For more information on our commitments, visit the Mohawk College strategic plan webpage.