Senior Financial Analyst

Sinai Health System; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

Sinai Health System is seeking a Senior Financial Analyst for a temporary full-time role involving financial reporting and analysis. The incumbent will perform various accounting activities, present financial impacts, and drive process improvements. This position offers an opportunity to build a finance career within healthcare, emphasizing collaboration and accountability.

Qualifications

• 3-4 years post-qualification experience in financial analysis and reporting.
• Experience in hospital setting preferred.

Responsibilities

• Prepare monthly journal entries and financial reconciliations.
• Review and analyze financial results for assigned portfolio.
• Prepare hospital external financial statements.

Skills

Financial analysis

Reporting

Process improvement

Treasury management

Problem solving

Interpersonal skills

Organizational skills

Education

Qualified Accountant (CA, CPA, CMA, CGA)

Job description

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Job Type

Temporary Full Time

1

Organizational Department

Employee Group

Non Union

Location

Travel Requirement

Hours (subject to change)

37.5 hours, due to the time-sensitive nature of the position candidates must be flexible to work additional/varied hours as required.

Salary Scale

Job Description

Temporary Full Time Assignment for approximately 12 months

Reporting to the Manager, Financial Accounting and Reporting, the Senior Financial Analyst will be an integral member of the financial reporting team performing a range of professional accounting activities including analysis and reporting of hospital financial results, including assistance in the preparation of financial statements for the year-end audit. The incumbent will work autonomously to analyze financial results and work with Managers of an assigned Program or Business Units to interpret and present the financial impact of operational decisions as well as identify areas of process improvement by providing evidence based information to execute decisions and monitor results. The incumbent will review processes and identify/implement changes as required to ensure efficient, timely and quality information reporting as well as a wide range of professional accounting activities.

This position is primarily located at Hennick Bridgepoint Hospital – 1 Bridgepoint Drive.

In this role you will:

Month End and Financial Reporting

• Prepare monthly journal entries and balance sheet reconciliations and ensure that adjustments/corrections are made as necessary
• Review and analyze monthly financial results for assigned portfolio and ensure its accuracy and compliance with Public Sector Accounting Standards (PSAS)
• Research and prepare accounting briefing notes for complex accounting issues
• Prepare monthly and quarterly financial summaries for distribution to Senior Leadership explaining and analyzing material variances

Review, Analyze and Present Program and Business Unit Results

• Become a subject matter expert (SME) for assigned portfolio
• Prepare comparative analysis against budget and historical results
• Identify key operating drivers and perform benchmarking analysis
• Present findings at monthly/quarterly reviews with clinicians, managers and directors
• Champion action plans for meeting budget targets and develop forecasts

External Reporting

• Prepare quarterly and annual Ministry reporting submissions
• On an annual basis, prepare hospital external financial statements, and coordinate with departments to prepare the notes to the financial statements and supporting schedules
• Assist in the preparation and filing of various returns to statutory agencies

Treasury - As Needed

• Prepare and analyze weekly/monthly cash forecasting and provide recommendations to ensure the hospital meets its key liquidity ratios
• Prepare bank reconciliations and implement process improvements as necessary
• Investigate, analyze and resolve bank discrepancies
• Record weekly and daily bank activity in the general ledger

Other Duties

• Innovate new ways for data collection and analysis
• Learn and master Management Information Standards (MIS)
• Participate in special projects or committees as required
• Identify opportunities for process improvement to help streamline current processes

Job Requirements

Job Requirements:

Mandatory

• Qualified Accountant (CA,CPA, CMA, CGA) with 3-4 years post-qualification experience in financial analysis, reporting, month end close ,process improvement and treasury related work

Preferred

• Experience with MOHLTC/LHIN reporting, MIS Guidelines, CRA regulations

Skills and Knowledge

• Positive and self-directed with a high level of accountability and the ability to collaborate to deliver complete and complex financial analysis with in depth analytics
• Demonstrated logic and creative approach to problem solving, moving from information to insights to implications to action items
• Superior interpersonal skills with effective verbal and written communication skills with all levels of management and Senior Leadership
• Independent, self-motivated and inquisitive
• Proven organizational and time management skills required with the ability to multitask and meet conflicting deadlines
• Experience in a hospital setting, preferred
• Demonstrated satisfactory work performance and attendance history

If this sounds like you and you’re ready to build a finance career within health care, apply now and let us know why you would be a great addition to our team.

Open Date

6/23/2025

Posting Deadline

7/7/2025

All applications must be submitted by no later than 4:00pm of the posting deadline date.

Employment at Sinai Health is conditional upon the verification of credentials, completion of a health review, and demonstrating proof of immunity and vaccination status of vaccine-preventable diseases. All employees and affiliates will follow safe work practices and comply with health and safety policies, procedures and training. If you believe you are one of the very few people who may require an exemption from vaccination, supporting medical information must be submitted to our Occupational Health department, who will review and assess.

Sinai Health is comprised of Mount Sinai Hospital, Hennick Bridgepoint Hospital, Lunenfeld-Tanenbaum Research Institute and our system partner Circle of Care. We deliver excellent care in hospital, community and home, focusing on the comprehensive needs of people. Sinai Health discovers and translates scientific breakthroughs, pushes boundaries for health solutions and educates future clinical and scientific leaders. Clinical areas of specialization include rehabilitation and complex continuing care, surgery and oncology, urgent and critical care, and women’s and infants’ health. The Lunenfeld-Tanenbaum Research Institute ranks among the top ten biomedical research institutes in the world. Sinai Health is a full affiliate of the University of Toronto.

As an equal opportunity employer who understands that diversity enriches our community and culture, we invite applications from all qualified candidates including Indigenous Peoples, racialized people, disabled people/people with disabilities, women, and members of 2SLGBTQIA+ communities. If you require accommodation(s) due to disability at any point during the application and hiring process, please contact 416-586-4800 ext. 7050, or email [e-mail] .