Financial Officer, Commercialization & Partnerships

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

Job summary

The University of Toronto's Temerty Faculty of Medicine seeks a Financial Officer to oversee financial management for its new Commercialization & Partnerships unit. This role requires a detail-oriented individual with strong financial and analytical skills to ensure effective budgetary decisions supporting medical innovations and partnerships.

Qualifications

• Minimum four (4) years recent financial management experience.
• Experience producing and analyzing complex reports.
• Proven proficiency in handling payroll transactions.

Responsibilities

• Manage financial accounting, budgeting and forecasting.
• Monitor and reconcile accounts for grants and contracts.
• Produce financial reports to assist management decision-making.

Skills

Financial management

Budgeting

Forecasting

Analytical skills

Organizational skills

Communication

Education

Bachelor’s Degree in Finance/Accounting

Tools

MS Office Suite

University's FIS, AMS and HRIS systems

Job description

Date Posted: 07/02/2025
Req ID: 44012
Faculty/Division: Temerty Faculty of Medicine
Department: Temerty Commercialization & Parternships
Campus:St. George (Downtown Toronto)
Position Number: 00058183

Description:

About us:

Home to over 40 departments and institutes, the University of Toronto's Temerty Faculty of Medicine lies at the heart of the Toronto Academic Health Science Network and is a global leader in ground-breaking research and education, spanning clinical medicine, basic science and the rehabilitation sciences sectors.

Your opportunity:

The Temerty Faculty of Medicine’s Commercialization & Partnerships unit, positioned within the Office of the Vice Dean, Research & Health Science Education, serves a vast community of scholars and trainees. This newly established unit aims to advance the faculty’s commercialization, entrepreneurship and partnerships initiatives. By offering transformative training programs, fostering strategic partnerships, implementing effective commercialization strategies, and nurturing an entrepreneurial culture, the unit seeks to amplify the impact of medical discoveries originating from the faculty.

As the Financial Officer, you will be responsible for financial management, budgeting and forecasting for the Temerty Medicine’s newest commercialization and partnerships unit. You will play an integral role in providing a wide range of financial accounting, analysis and administration for the unit. This includes independently monitoring department budgets, processing payroll, reconciling accounts, identifying and resolving discrepancies and preparing financial reports for many funding accounts including grants and contracts. You will work closely with the Director, Commercialization and Partnerships to manage funds and agreements associated with both academic and industrial partnerships and entrepreneurship programs. You will produce and analyze relevant reports to achieve actionable insights for management decision-making. Your extensive financial background combined with your attention to detail, solid organization, analytical and critical thinking skills will be key to your success in this role.

Your responsibilities will include:

• Forecasting, planning, recording detailed transactions, and monitoring for multiple complex budgets including making recommendations on budget allocations involving multiple sources of revenue and/or recoveries
• Independently monitoring, recording, reconciling and/or reporting on many funding accounts for grants and contracts and ensuring contracts and agreements are consistent with University standards and guidelines
• Independently analyzing information and making recommendations to inform budgetary decision making and recommend cost saving measures
• Producing and analyzing complex statistical and/or financial reports to achieve actionable insights for management decision-making
• Processing payroll for all employee groups including payroll reconciliations, collecting supporting payroll documentation, and resolving payroll processing issues
• Ensuring adherence with policies, procedures, collective agreements, and legislated requirements on all financial transactions
• Processing expense reimbursements, account receivables and payables according to the University Guide to Financial Management
• Liaising with internal and external contacts to facilitate purchasing and/or procurement processes

Essential Qualifications:

• Bachelor’s Degree in Finance/Accounting or a related field or an acceptable combination of equivalent experience.
• Minimum four (4) years recent and relevant financial management experience, in a research or academic setting
• Demonstrated experience with independently forecasting, planning and monitoring complex budgets
• Experience producing and analyzing complex statistical or financial reports and making data-driven recommendations to management for decision-making
• Experience independently interpreting and applying financial and grant management policies and procedures
• Demonstrated knowledge of basic accounting principles
• Demonstrated experience processing financial and payroll transactions
• Demonstrated experience working with collective agreements and applicable legislative requirements
• Experience independently preparing financial reports and reconciling accounts
• Experience in administering Sponsored Research and Service Agreements
• Familiarity with recovery units and relevant challenges
• Demonstrated experience in training others
• High level of Proficiency with MS Office Suite
• Demonstrated experience with the University's FIS, AMS and HRIS systems
• Knowledge of University of Toronto policies and procedures
• Excellent communication skills (oral and written) with an ability to work well both independently and as part of a team
• Ability to interpret and apply guidelines and policies to a variety of situations in order to ensure adherence and independently provide direction
• Solid numerical, accounting, financial, organizational and analytical skills
• Professional demeanor with a strong customer service orientation and effective interpersonal skills
• Proven ability to work effectively with competing deadlines while managing competing priorities
• Excellent judgment on issues of confidentiality
• High attention to detail and extreme accuracy in keeping records

To be successful in this role you will be:

• Efficient
• Meticulous
• Multi-tasker
• Organized
• Problem solver
• Team player

Closing Date: 07/16/2025, 11:59PM ET
Employee Group: USW
Appointment Type: Grant - Continuing
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
Recruiter: Amanda Krmek

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.