Financial Officer, Business Services (term)

University of Toronto; Toronto; On-site; CAD 84,000 - 109,000; Full time

Job summary

The University of Toronto seeks a Financial Officer for the Faculty of Arts & Science. This role involves supporting financial operations, advising on policies, and training staff. The successful candidate will have a strong background in financial management and excellent communication skills.

Qualifications

• Minimum four years of related experience in financial management.
• Experience with financial policies and procedures of the University of Toronto.

Responsibilities

• Advising staff on accounting practices and financial policies.
• Forecasting and planning financial activities.
• Providing formal job-related training.

Skills

Analytical ability

Communication

Organizational skills

Attention to detail

Client service orientation

Education

Bachelor's degree in accounting

Business administration

Tools

SAP

Microsoft Office 365

Job description

Date Posted: 05/15/2025
Req ID: 42978
Faculty/Division: Faculty of Arts & Science
Department: Office of Financial Services
Campus:St. George (Downtown Toronto)

Description:

About us:

The Faculty of Arts & Science is the heart of Canada’s leading university and one of the most comprehensive and diverse academic divisions in the world. The strength of Arts & Science derives from our combined teaching and research excellence in the humanities, sciences and social sciences across 29 departments, seven colleges and 46 interdisciplinary centres, institutes and programs.

We can only realize our mission with the dedication and excellence of engaged staff and faculty. The diversity of opportunities and perspectives within the Faculty reflect the local and global landscape and the need for curiosity, innovative thinking and collaboration. At Arts & Science, we take pride in our legacy of innovation and discovery that has changed the way we think about the world.

The Planning, Budget & Finance Office provides strategic and operational advice on the financial and budget management of the Faculty, as well as internal institutional and Faculty research data and business support services to all of the Faculty’s units. The Office models, plans, and implements the Faculty’s operating budget and provides Faculty-wide support and advice on the management of research, restricted and trust funds; financial analyses and forecasting; strategic planning and budget analysis; policy compliance and develops and delivers finance and business training seminars for A&S academic administrators and administrative staff.


Your opportunity:

Under the guidance of the Supervisor, Business & Business Services the incumbent is responsible for collaborating with academic units across the Faculty to provide essential business services supportduring peak periods or when there is a staffing shortage. Meeting regularly with academic and staff administrators, this role entails offering direct assistance in the areas of general operations, accounts payable, payroll processing, procurement, budgetplanning, and forecasting, as well as training and mentoring new Business Officers in their new roles. They ensure that business transactions comply with generally accepted accounting principles, the University's financial and purchasing guidelines, and the Faculty's funding rules.

The Financial Officer, Business Services, will act as a resource and collaborate closely with financial and business officers in the Faculty to offer formal job-related training and recommend professional development opportunities.

Your responsibilities will include:

• Interpreting and applying policies and procedures when making independent decisions
• Advising staff on accounting practices and University financial policies and procedures
• Applying the University Guide to Financial Management and other applicable policies, agency and regulatory requirements
• Forecasting and planning financial activities incorporating budgets with multiple sources of revenue and/or recoveries
• Identifying and analyzing data discrepancies and taking necessary actions to correct errors
• Serving as a resource on specific issues to a group of specialists
• Providing formal job-related training

Essential Qualifications:

• Bachelor's degree in accounting or business administration, or an acceptable equivalent combination of education and experience.
• Minimum four years of recent and related experience in administrative and financial management, preferably in a post-secondary education institution.
• Experience with financial and procurement policies and procedures of the University of Toronto and their application.
• Experience working with a SAP based system. Knowledge of the University’s Financial Information System (FIS) and Human Resources Information System (HRIS) or other related financial and payroll systems.
• Knowledge of and experience with interpreting policies and procedures of the Unviersity of Toronto or other related educational institutions.
• Experience in finance modeling, budget control, forecasting and the preparation of financial reports and analysis.
• Experience providing formal job-related training to others.
• Advanced skills with Microsoft Office 365 (e.g. Word, PowerPoint, Outlook, Access,SharePoint, Teams).
• Analytical ability and aptitude for numbers, details and follow through.
• Excellent communication (oral and written) skills.
• Advanced organizational and planning skills.
• Ability to manage conflicting priorities, multi-task, and have excellent attention to detail and accuracy.
• Ability to work with complex and/or technical information (e.g. grants, statistical information, financial statements, donor reports).
• Demonstrated strong client service orientation.

Assets (Nonessential):

• Advanced standing in a recognized accounting program considered an asset.
• Financial and administrative experience with the Faculty of Arts and Science.

To be successful in this role you will be:

• Accountable
• Communicator
• Efficient
• Multi-tasker
• Resourceful
• Team player

This position is a 1 year term position.

This role is currently eligible for a hybrid work arrangement, pursuant to University policies and guidelines, including but not limited to the University of Toronto’s Alternative Work Arrangements Guideline.

Closing Date: 05/28/2025, 11:59PM ET
Employee Group: USW
Appointment Type: Budget - Term
Schedule: Full-Time
Pay Scale Group & Hiring Zone:
USW Pay Band 13 -- $84,813. with an annual step progression to a maximum of $108,463. Pay scale and job class assignment is subject to determination pursuant to the Job Evaluation/Pay Equity Maintenance Protocol.
Job Category: Finance/Budget/Planning/Audit

Lived Experience Statement
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience shall be taken into consideration as applicable to the posted position.