Finance Manager, Major Projects

University Health Network; Old Toronto; On-site; CAD 100,000 - 126,000; Full time

Job summary

An established industry player in healthcare seeks a Finance Manager for Major Projects, responsible for overseeing financial aspects of significant initiatives. This role involves enforcing policies on capital spending, developing financial knowledge for large facilities, and managing operational budgets. The successful candidate will collaborate with various stakeholders to ensure compliance with guidelines and optimize capital spending. Join a dynamic team dedicated to transforming lives and communities through excellence in care, discovery, and learning. This is a unique opportunity to make a significant impact in a leading healthcare institution.

Benefits

Wellness services & offerings

Close access to TCC and UHN shuttle service

Opportunities for development and promotions

Corporate discounts (travel, restaurants, etc.)

On-site gyms

Qualifications

• 5-8 years of related experience, preferably in healthcare finance.
• Strong analytical and communication skills are essential.

Responsibilities

• Support financial aspects of Ministry Funded Major projects.
• Manage financial risks and cash flow for complex projects.

Skills

Analytical Skills

Communication Skills

Interpersonal Skills

Presentation Skills

Organizational Skills

Problem-Solving Skills

Education

Bachelor's Degree in Finance or related field

Tools

Excel

Financial Systems

Job description

The University Health Network, where “above all else the needs of patients come first”, encompasses Toronto General Hospital, Toronto Western Hospital, Princess Margaret Cancer Centre, Toronto Rehabilitation Institute, West Park Healthcare Centre and the Michener Institute of Education. The breadth of research, the complexity of the cases treated, and the magnitude of its educational enterprise has made UHN a national and international resource for patient care, research and education. With a long tradition of groundbreaking firsts and a purpose of “Transforming lives and communities through excellence in care, discovery and learning”, the University Health Network (UHN), Canada’s largest research teaching hospital, brings together over 16,000 employees, more than 1,200 physicians, 8,000+ students, and many volunteers. UHN is a caring, creative place where amazing people are amazing the world.

Job Description

Union: Non-Union
Site: 170 Emmett Ave, Toronto
Department: FM-PRO Finance
Reports to: Finance Director, Major Projects
Grade: M0:06
Hours: 37.5 hours
Salary: $100,133-125,171 (To commensurate with experience and consistent with UHN compensation policy)
Status: Permanent, Full-Time
Closing Date: January 22, 2025

Position Summary

The Finance Manager, Major Projects is responsible for supporting the financial aspects of Ministry Funded Major projects while adhering to all UHN policies, regulatory requirements and audit accountabilities to maintain appropriate internal and financial controls.

Duties

Capital Finance:

• Enforce policies and procedures relating to capital spending including UHN’s project cost control manual and Ministry of Health’s (MOH) Cost Share Guidelines
• Develop and maintain specialist financial knowledge for Westpark’s recently completed 730,000 square feet facility built under a public-private partnership (3P) and a Design, Build, Finance and Maintain (DBFM) delivery model
• Provide finance support for the 30-year operational and contractual relationship with the Project Company
• Develop comprehensive total life cycle costs for capital building & renovation projects and ensure identification of funding sources for required post construction operating budgets
• Ensure compliance with MOH guidelines and generally accepted accounting principles
• Manage financial risks and cashflow requirements for complex, multiyear projects
• Liaise with the Finance Director, Major Projects on Ministry capital requirements
• Review and provide finance assurance on capital submissions to the Ministry of Health and other external funders and/or organizations
• Develop, maintain and submit financial documents in support of provincially funded capital projects
• Support and advise on business cases and strategies to achieve optimal outcomes for capital spending and decision making
• Provide input to and develop capital related finance, governance and operational corporate policies
• Build effective and collaborative relationships with stakeholders in Redevelopment, Support Services and Clinical Programs
• Identify and lead process and efficiency improvements within areas of responsibility, including advocating for system enhancements

Operations Finance:

Role will support the development of an operating budget and completion of the post construction operating plan (PCOP), and other Ministry submissions for funding of new MOH projects through the following functions:

• Support the Senior Finance Manager, Major Projects with the coordination and preparation of the operating budget for new projects
• Manage monthly reporting of transition costs to budget and variance analysis to ensure controls over project performance in coordination with Senior Finance Manager and Finance Director, Major Projects
• Coordinate with Case Costing, Decision Support, FM-PRO, and others as required, the inputs for the PCOP, training and start-up costs, and other Ministry submissions as it relates to the operation of the new MOH funded projects
• In collaboration with clinical stakeholders, facilitate and prepare as required, operational modelling and their financial implications to support operations of new build projects
• Provide assistance to Managers in controlling their operating budgets

Qualifications

• 5 - 8 years related experience
• Financial experience in health care is a definite asset
• Previous experience implementing organizational change
• Demonstrated presentation/training skills are essential
• Ability to explain complex issues in plain language both verbally and in writing
• Excellent analytical, communication and interpersonal skills
• Excellent technical skills in excel and financial systems
• Experienced in management reporting and MOH capital projects of complex nature and multimillion-dollar value
• Knowledge of the Ontario Hospital MIS Guidelines and Reporting System is an asset
• Successful candidate should have demonstrated ability to manage multiple tasks with strict deadlines and ability to find solutions for difficult problems and be well-organized with an ability to conduct effective meetings. Also exhibit sound judgment, tact and diplomacy along with the ability to work in a changing and complex environment.

Additional Information

In addition to working alongside some of the most talented and inspiring healthcare professionals in the world, UHN offers a wide range of benefits, programs and perks. It is the comprehensiveness of these offerings that makes it a differentiating factor, allowing you to find value where it matters most to you, now and throughout your career at UHN.

• Wellness services & offerings
• Close access to the TCC and UHN shuttle service
• Opportunities for development and promotions within a large organization
• Additional perks (multiple corporate discounts including: travel, restaurants, parking, phone plans, auto insurance discounts, on-site gyms, etc.)

Current UHN employees must have successfully completed their probationary period, have a good employee record along with satisfactory attendance in accordance with UHN's attendance management program, to be eligible for consideration.

All applications must be submitted before the posting close date.

UHN uses email to communicate with selected candidates. Please ensure you check your email regularly.

Please be advised that a Criminal Record Check may be required of the successful candidate. Should it be determined that any information provided by a candidate be misleading, inaccurate or incorrect, UHN reserves the right to discontinue with the consideration of their application.

UHN is an equal opportunity employer committed to an inclusive recruitment process and workplace. Requests for accommodation can be made at any stage of the recruitment process. Applicants need to make their requirements known.

We thank all applicants for their interest, however, only those selected for further consideration will be contacted.