Senior Financial Business Analyst

Humber-River-Health; Canada; On-site; CAD 69,000 - 86,000; Full time

Job summary

Humber River Health in Toronto (Wilson Site) is seeking a Temporary Full-time Senior Financial Business Analyst to lead budgeting, reporting, and financial analysis for the Finance Services team.

You will develop monthly reports, reconcile grants, manage on-call stipends, and support year-end audits, working closely with the Manager, Financial Reporting and Accounts Payable.

Qualifications

• Undergraduate degree in accounting or finance.
• CPA designation.
• 7 years accounting experience, preferably in healthcare.
• Knowledge of GAAP/PSAS and OHRS.
• Data management and analysis.
• MS Office Skills with excellent Excel proficiency.
• Strong data management, analytical, organizational and problem solving abilities.
• Ability to work independently and meet tight deadlines.
• Leadership and conflict management skills preferred.
• Commitment to equity, diversity and inclusion.

Responsibilities

• Close monthly financial statements following GAAP/PSAS and OHRS.
• Review monthly results vs budget and investigate variances.
• Reconcile balance sheet accounts monthly.
• Report Provincial Grants and other income sources.
• Allocate monthly funds to donor priorities with client groups.
• Maintain funding reconciliation and deferred revenue schedules.
• Develop monthly financial reports for SMT and board.
• Create and maintain custom Meditech GL reports.
• Update reports to meet current requirements.
• Prepare ad-hoc internal reports.
• Oversee physician on-call stipend payments and reconciliation.
• Assist year-end audit and MOHLTC year-end report.
• Provide information to auditors for year end.

Skills

Analytical skills

Problem solving

Leadership

Independent work

Equity, diversity & inclusion

Education

Undergraduate degree in accounting or finance

CPA designation

Tools

Excel

Meditech General Ledger

Job description

Position Profile

Humber River Health. Lighting New Ways In Healthcare.

Since opening our doors in 2015 as North America’s first fully digital hospital, we remain unwavering in our belief that we can change the hospital where we work, the community where we live, and the world of healthcare beyond our borders. Serving a community of 850,000 residents in North West Toronto, Equity Inclusivity and active participation in the North West Toronto Ontario Health Team are key initiatives important to our Team. At Humber River Health, we use a custom combination of technology and clinical expertise to rebuild elements of care. We make technology work for staff and physicians; giving them more time to spend with patients, to eliminate inefficiencies, and to reduce the chance of errors. Humber River Health is formally affiliated with both the University of Toronto and Queen’s University and committed to becoming a community academic hospital. Clinical Excellence, Optimizing Care through Technology and Community Connection frame our Research Strategy.

At Humber River Health, we’re not hoping for a renaissance, we are making it happen. As part of our dynamic team, you can lead the way, as we continue our journey towards high reliability care!

We currently have an exciting opportunity here at Humber River Health for a Temporary Full-time Senior Financial Business Analystto join ourFinancial Servicesteam. The successful candidate will be responsible for

developing, tracking, and analyzing budget and financial data and reports for accuracy and timeliness

Employment Status:Temporary, Full-timeDuration: 1 yearHours of Work: Must be available to work Monday to Friday.Location: Humber River Health - Wilson Site

Labour Group:Non-Union

Salary Range: $49.919 - $62.438 per hourReporting Relationship: Manager, Financial Reporting and Accounts Payable.

Responsibilities:

• Financial Statement Close Process, including but not limited to -


• Apply Generally Accepted Accounting Principles (GAAP)/Public Sector Accounting Standards (PSAS) and Ontario Healthcare Reporting Standards (OHRS) to accurately record monthly financial results


• Review monthly actual vs. budget results; follow up on significant variances, and determine appropriate action; refer highly complex issues to Manager/Director for resolution


• Reconcile balance sheet accounts on a monthly basis and follow up on issues


• Report Provincial Grants (e.g. Ministry of Health (MOH), Ministry of LongTerm Care (MLTC), Ontario Health (OH), etc.), Foundation, Research, and other income sources to project income/funding streams


• Work with client group to allocate monthly funds to expenditures that meet donor funding priorities; follow up on outstanding issues


• Maintain funding reconciliation and deferred revenue schedules to track and record funding revenue from MOH/MLTC/OH


• Update monthly continuity schedule for grants and capital donations; track additions, amortization, and write-offs aligned with corporate policies and accounting principles to determine appropriate amortization period in collaboration with Manager/Director


• Financial Report, including but not limited to -


• Develop monthly financial reports to be presented by Director/CFO at senior management team (SMT) meetings for leadership decision-making, and at board finance committee


• Create and maintain custom financial reports within the Meditech General Ledger module


• Review current report designs to assess compliance with current reporting requirements and update reports to meet requirements


• Develop and distribute ad-hoc internal reports

• Physician On-Call Stipend, including but not limited to -


• Review physician on-call schedules (i.e. Hospital On-Call Coverage Program (HOCC) hospital stipend) to be submitted for payment


• Reconcile schedule of physician on-call payments to the general ledger to ensure payments comply with MOHLTC Funding Agreement


• Prepare working paper files for year-end settlement audit; respond to auditors’ queries; review year-end report for accurate completion in preparation for MOHLTC year-end report submission

• Year End Audit, including but not limited to -


• Provide financial information to auditors that meet audit requirements for year end


• Prepare data for HST audit


• Prepare remittance and reporting documents (i.e. taxes, funding models/sources, trial balances) to reduce financial penalties arising from past due payments

Qualifications:

• Undergraduate degree in accounting or finance


• Charted Professional Accountant (CPA) Designation


• 7 years accounting experience, preferably in healthcare


• Demonstrated knowledge and experience in:
  
  
  • Generally Accepted Account Principles and Public Sector Accounting Standards
  
  
  • Public Funding Models
  
  
  • Data management and analysis
  
  


• MS Office Skills with excellent proficiency in Excel


• Demonstrated excellent data management, analytical, organizational, problem solving, and analytical skills


• Demonstrated ability to work independently and meet tight deadlines


• Leadership and conflict management skills preferred


• An understanding of equity, diversity, and inclusion principles as they relate to health practices is an asset. Humber River Health values lived and learned experiences in addressing systemic barriers and advancing inclusive practices.

Why choose Humber River Health?

At Humber River Health, our staff, physicians, and volunteers are lighting new ways in healthcare. We are proud to be recognized as a part of Greater Toronto’s Top Employers by Mediacorp Canada Inc. We support employees by providing evidence-based leadership and cultivating a culture that consistently wows with our unwavering commitment to Staff, Physician and Volunteer engagement. We are a member of the Toronto Academic Health Science Network (TAHSN) and are deeply involved in research and academic collaboration. We are dedicated to high-quality patient care and demonstrate our values of compassion, professionalism, and respect.

Humber River Health is committed to creating an inclusive, equitable and accessible workplace that reflects the diversity of our communities. Guided by our strategic direction to embed equity, diversity and inclusion in everything we do – and to address systemic barriers – we foster a culture where everyone feels respected, valued and empowered to contribute.

We welcome applications from individuals of all equity-deserving groups, including Indigenous peoples, racialized communities, persons living with disabilities, women, 2SLGBTQ+ individuals and seniors. We recognize that diverse identities and perspectives strengthen our ability to deliver safe, innovative and compassionate care.

As an equal opportunity employer, Humber River Health complies with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act. We do not discriminate on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity or expression, age, marital status, family status, disability, or any other protected ground.

Accommodations are available throughout the recruitment process and employment. Please contact our recruitment team to discuss your needs confidentially.

This position is being posted in response to an existing vacancy at Humber River Health.