Financial Analyst

Oak Valley Health; Markham; On-site; CAD 56,000 - 68,000; Full time

Benefits offered by this job

Competitive compensation

Day schedule: Monday to Friday

Ontario health system experience

Job summary

Oak Valley Health is seeking a Financial Analyst to join the finance team at our Markham site. You will perform thorough financial and statistical analyses to guide budget owners and stakeholders, delivering accurate monthly results and insightful variance analysis.

You will collaborate with Directors and Managers across programs, develop forecasts, model scenarios, and support the annual operating and capital budgeting process. Strong communication and attention to detail are essential.

Qualifications

• Bachelor's degree in Business Administration, Commerce, or Accounting.
• CPA designation preferred or in progress.
• Experience in a healthcare environment and OHRS knowledge is required or preferred.
• Ability to analyze financial and statistical data for decision support.
• Proven ability to communicate complex data to stakeholders.

Responsibilities

• Prepare monthly program-level financial results reflecting portfolio health.
• Analyze performance across monthly, quarterly, and annual periods with variance analysis.
• Collaborate with Directors and Managers to develop forecasts and scenario analyses.
• Leverage non-financial data to benchmark performance against peers.
• Support annual operating and capital budgets with financial analysis and modelling.
• Prepare ministry financial and statistical documents and ad-hoc submissions.
• Ensure month-end close and adherence to policies with the accounting team.

Skills

Financial analysis

Variance analysis

Forecasting

Communication

Stakeholder management

Education

Bachelor's degree in Business Administration, Commerce, or Accounting

CPA designation (in progress)

Tools

CIHI databases

MIS guidelines

Job description

Please Note: If you are a current Oak Valley Health employee, apply to this job via the internal Workday application.Land acknowledgement:Oak Valley Health is honoured to provide care on the traditional and treaty territory of the Anishinaabeg, and acknowledge our closest Indigenous communities, the Chippewas of Georgina Island and the Mississaugas of Scugog Island. The land is encompassed within Treaty 13, Treaty 20, and the Williams Treaty.Today, this area is home to many diverse Indigenous Peoples, and we acknowledge the health disparities and barriers Indigenous Peoples face in accessing care. To support true healing, we are committed to understanding these challenges, learning from Indigenous knowledge, and taking action together to improve safe and equitable health care for current and future generations.Who you are:You encompass Oak Valley Health’s core values and live the words of respect, trust, commitment, compassion and courageYou are a patient and/or client centered individual who performs at an exemplary standardYou are a team player with excellent communication, critical thinking and prioritization skillsWhat We Need:Financial Analysts are part of a team of professionals providing important program support to budget owners and stakeholders. This role requires thorough and thoughtful analysis of financial and statistical data to inform and guide decision making. The successful candidate will work collaboratively to deliver consistent, accurate, and timely information while providing excellent customer service to all internal and external stakeholders. Responsibilities include:Prepare monthly program level financial results that accurately reflect the financial health of the portfolio. Analyze financial performance across monthly, quarterly, and annual reporting periods, including variance analysis against budget, forecast, prior periods, and year-over-year results, identifying key trends, drivers, risks, and opportunitiesCollaborate with Directors and Managers across assigned programs to develop forecasts to capture emerging trends, support with modelling and scenario analysis, assess operations, identify opportunities for improvement, and provide evidence-based insights to support decision-making and monitor outcomesLeverage non-financial and statistical data to support financial analysis, identify key performance drivers, and utilize external benchmarking data to assess financial and operational performance relative to peer hospitals and identify opportunities for improvementSupport in developing the annual operating and capital budgets in conjunction with Directors and Managers. Monitor capital acquisitions against plan by providing monthly status and year-end forecast reportsDevelop customized reports and visually impactful presentations for various stakeholders including monthly financial results presentations, reports on key performance indicators, etc.Support in the development of briefing notes, business plans, business cases, funding submissions, and strategic initiatives through financial analysis, modelling, and recommendationsLiaise with all relevant stakeholders to ensure timely and accurate financial and statistical reporting and adherence to monthly/quarterly and year-end timetablesPrepare and submit relevant Ministry financial and statistical documents which may include funding submissions, report backs and reconciliations, quarterly or annual submissions, Ministry inquiries, and other ad-hoc submissionsPartner with General Accounting team to ensure month-end responsibilities completed on time and accounting policies used are in compliance with internal policies, MIS Guideline/OHRS guidelines and Canadian GAAPWhat you bring to the role:A Bachelor's degree in Business Administration, Commerce, or AccountingChartered Professional Accountant (CPA) designation (preferred) or in progress3 – 5 years experience in a complex healthcare environment with exposure to a range of reporting principles, practices and procedures requiredWorking knowledge of Ontario Healthcare Reporting Standards (OHRS) and Management Information System (MIS) Standards maintained by the Canadian Institute for Health Information (CIHI)Working knowledge of hospital funding methodologies including Health System Funding Reform (HSFR), such as Health Based Allocation Model (HBAM), Quality Based Procedures (QBP) and Patient Based FundingExperience using multiple data sources (financial, statistical, case costing, CIHI databases, Ministry data etc) to develop and prepare complex analysisProven ability to interpret, summarize and communicate complex financial and statistical data to stakeholders throughout the organizationAble to work collaboratively with Finance leadership and operational teams to support corporate level analysis, organizational reporting, and strategic decision makingExcellent verbal and written communication skills, with the ability to convey complex information clearly and effectively and build strong working relationships with stakeholders at all levels of the organizationSelf-directed, proactive, and highly motivated, with strong teamwork and leadership capabilitiesDemonstrated organizational, planning, and time-management skills, with the ability to manage competing priorities and meet multiple deadlines effectivelyCommitment to continuous learning, professional development, and ongoing improvementDemonstrated commitment to a safe environment for staff, patients and families by working in compliance with hospital related policies, health and safety regulations and completing mandated training and educational sessions as requiredWork Schedule:Primarily days, Monday to FridayPlease note schedules may change due to operational needs.Compensation:BAND NRange:$40.80 - $49.63Who we are:Oak Valley Health is one of Ontario’s leading community healthcare organizations. Across our two hospital sites (Markham and Uxbridge) a Reactivation Care Centre (RCC), a Community Health Centre (CHC), and Hospital-to-Home programs, we provide high quality, patient-centred care to more than 468,000 patients each year. We offer diagnostic and emergency services, and deliver clinical programs in acute care medicine and surgery, addictions and mental health, and childbirth and children’s services. We are also proud to be part of the Eastern York Region North Durham Ontario Health Team (OHT).Our 542 physicians, 35 midwives, over 3,000 staff and 1,000 volunteers serve patients and families with an Honoured to Care mindset, and are focused on delivering an extraordinary patient experience to the residents of Markham, Whitchurch-Stouffville, Uxbridge and beyond. We are dedicated to providing access to the right care, at the right time, in the right place by the right people and at the right cost.Oak Valley Health Equity, Diversity, Inclusion and Belonging statementOak Valley Health takes pride in serving some of Canada’s most diverse communities. We are committed to fostering an environment of equity and inclusivity where every person can work and receive care safely, openly and honestly. All qualified applicants will receive consideration and we encourage applications from Indigenous peoples, members of LGBTQ2+ communities, members of racialized groups, persons with disabilities, and all others who may contribute to the further diversification of Oak Valley Health. Furthermore, Oak Valley Health is committed to meeting the needs of all individuals in accordance with the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code. Should you require accommodations during the recruitment and selection process, please contact Human Resources.We are honoured to be recognized as one of Forbes Canada's Best Employers for Diversity. We ranked within the top 150 organizations across the country. Learn more about our commitment to EDIB.