Financial Analyst III

University Health Network; Old Toronto; Hybrid; CAD 76,000 - 96,000; Full time

Job summary

An established industry player in healthcare is seeking a Financial Analyst III to join their dynamic finance team. This role involves a broad scope of accounting activities, including budget preparation, financial analysis, and reporting. The successful candidate will collaborate with senior management to evaluate business cases and streamline financial processes. With a focus on patient care and innovation, this organization offers a supportive and flexible work environment, along with numerous opportunities for professional growth and development. If you are passionate about finance and looking to make a meaningful impact in the healthcare sector, this is the perfect opportunity for you.

Benefits

Competitive offer packages

Healthcare of Ontario Pension Plan (HOOPP)

Close access to Transit

Flexible work environment

Opportunities for development

Corporate discounts

On-site gyms

Qualifications

• 1-3 years’ experience in accounting or auditing.
• Professional accounting designation (CPA) preferred.

Responsibilities

• Prepare annual operating budgets and forecasts.
• Perform month-end close and reconcile accounts.
• Support financial reporting and analysis.

Skills

Excel

SAP S4HANA

Analytical Skills

Problem-Solving Skills

Organizational Skills

Time Management

Interpersonal Skills

Communication Skills

Education

University degree in Business Administration

Professional accounting designation (CPA)

Tools

Financial Analysis Software

Accounting Software

Job description

Company 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 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
Department: Altum Health Finance
Site: Krembil Discovery Tower
Reports to: Finance Business Manager
Work Model: Hybrid
Hours: 37.5 hours per week
Shifts: Monday-Friday; 7.5 hours per day
Salary: $76,655 - $95,823 per annum (To commensurate with experience and consistent with UHN compensation policy)
Status: Permanent Full-time
Number of positions available: 2
Closing Date: January 10, 2025

As a member of the Altum Finance team, the Financial Analyst III performs a broad scope of professional accounting activities for the Social Medicine, UHN @ Home and IPP Programs. The responsibilities include working with senior finance management in the evaluation of assigned business cases; assisting with the preparation of the annual operating budget for the assigned business area; preparing monthly and quarterly packages for senior management to facilitate the decision-making and financial reporting process; supporting client groups; performing cross-functional duties and other duties consistent with the job classification, as required.

DUTIES:

• Review and prepare annual operating budget and periodic forecasts.
• Work with business area managers and directors to prepare a preliminary assessment of risks & opportunities in the business portfolio.
• Prepare monthly variance analysis, draft commentary to emphasize key areas of opportunities and risks to manage tight financial constraints to various levels of leadership.
• Streamline, develop, and coordinate processes.
• Improve and develop chargebacks process.
• Supervise billings to internal and external customers.
• Perform month-end close including preparing and posting journal entries.
• Perform Balance Sheet accounts reconciliation.
• Primary finance lead for annual reconciliation process for the T&I Provincial Consolidation submissions to the Ministry of Health and Long-term Care.
• Identify accounting issues, process issues and make solid recommendations.
• Perform cross-functional duties, as assigned or requested, including providing back-up support for other financial analysts.
• Perform other duties consistent with the job classification such as business analysis and cash modeling, as required.

Qualifications

• University degree in Business Administration or equivalent program.
• 1-3 years’ experience in large complex accounting or auditing environment with exposure to a range of accounting principles, practices and procedures required.
• Professional accounting designation (CPA), either completed or in final stages, OR relevant combination of education and experience.
• Experience in financial planning and analysis.
• Experience with activity, workflow and organizational analysis for business/process re-engineering or efficiency improvements.
• Advanced level Excel skills and working knowledge of SAP S4HANA.
• Excellent analytical and problem-solving skills.
• Excellent organizational, time management and interpersonal skills.
• Excellent verbal and written communications skills.
• Ability to take initiative and embrace challenges.

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.

• Competitive offer packages.
• Government organization and a member of the Healthcare of Ontario Pension Plan (HOOPP).
• Close access to Transit and UHN shuttle service.
• A flexible work environment.
• 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.