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Division
Financial Management & Planning
Temporary Duration
Approximate Duration: 12 months
About Us
Serving a diverse urban and rural population of more than 475,000, Niagara Region is focused on building a strong and prosperous Niagara. Working collaboratively with 12 local area municipalities and numerous community partners, the Region delivers a range of high quality programs and services to support and advance the well-being of individuals, families and communities within its boundaries. Nestled between the great lakes of Erie and Ontario, the Niagara peninsula features some of Canada’s most fertile agricultural land, the majesty of Niagara Falls and communities that are rich in both history and recreational and cultural opportunities. Niagara boasts dynamic modern cities, Canada’s most developed wine industry, a temperate climate, extraordinary theatre, and some of Ontario’s most breathtaking countryside. An international destination with easy access to its binational U.S. neighbour New York State, Niagara attracts over 14 million visitors annually, as well as a steady stream of new residents and businesses.
Please note that the Niagara Region requires that all newly hired employees are to be fully vaccinated against COVID-19 as a condition of being hired and provide proof of full vaccination, or provide proof of a bona fide medical or Human Rights Code exemption on a form issued from and approved by Niagara Region.
Job Description
Reporting to the Associate Director, Reporting and Analysis, the Senior Financial Reporting Analyst is responsible for leading the compilation of and coordinating activities and resources related to corporate financial reporting, ensuring the completeness, accuracy and analysis of all financial reports, including monthly, quarterly and annual reports for operating and capital activities of departments and boards in adherence with Public Sector Accounting Standards.
Education
Post-secondary degree in accounting or finance.
Knowledge
5-7 years of experience in accounting, financial reporting, budget and analysis within the Ontario Municipal Financial context.
Experience with Public Sector Accounting (PSA) and not-for-profit accounting standards is preferred.
Professional Accounting Designation (CPA/CA, CGA, CMA).
Knowledge and practical experience with accounting systems.
Knowledge of external regulations, such as the Municipal Act, the CICA/PSAB Handbook, and all other regulations impacting the accounting and reporting of municipalities.
Completion of the Municipal Accounting and Finance Program is preferred.
Responsibilities
Leads the compilation of and coordinates corporate reporting activities, ensuring accurate, timely and relevant internal and external reporting. (45% of time)
Ensures cyclical and on demand reporting requirements for internal business partners, Council and other levels of government are fulfilled.
Ensures the timely preparation and submission of monthly, quarterly and annual reports as well as FIR, Government Claims and all other required reports.
Sets internal controls and procedures to ensure transactions are recorded accurately in the general ledger.
Leads the communication of informational requirements/corporate financial reporting guidelines to departmental, agency and board staff, ensuring complete and accurate information, in all corporate communications related to corporate financial reporting.
Assesses the accuracy and completeness of corporate financial reports, reviewing and analyzing for compliance with reporting guidelines and corporate policies, communicating issues and recommended solutions and next steps to management and making recommendations to improve future years reporting processes.
Coordinates external information requests relating to the corporate financial reporting.
Makes recommendations that maximize funding sources available, such as grants and subsidies.
Leads the education and training of departmental, agency and board staff in support of corporate compliance.
Recommends new system process changes and supports testing and design as necessary as it relates to various reporting processes.
Ensures compliance with processes, policies and practices, along with legislative, regulatory and public sector accounting standards, and requirements.
Prepares and presents complex financial information and/or reporting to support communication of corporate financial results. (15% of time)
Leads and/or participates in the presentation of quarterly and year-end financial information and variance analysis to department senior leadership teams.
Leads and/or participates in financial analysis, such as lease vs. purchase, reviews of major contracts, restructuring transactions, PSAS policy options, etc.
Communicates the results of complex financial information to management, identifying possible impacts and recommending solutions.
Prepares timely and accurate responses to information requests, researching and reviewing data.
Researches issues and develops recommendations to be applied in both financial reporting and business processes.
Monitors and updates reporting policies and procedures, ensuring effective and efficient processes are in place. (15% of time)
Monitors the corporation’s compliance with approved policies, following up with departmental staff, agencies and boards, making recommendations for change and facilitating implementation within their respective areas.
Ensures activities are in compliance with external regulations such as the CICA Handbook, Municipal Act etc.
Researches and incorporates best practices into policies and processes.
Reviews Council reports, by-laws, memorandums, and other documents to ensure compliance with best practices and approved policies, and resolve gaps within the process.
Promotes and maintains cross municipal collaboration and involvement with outside groups/regulatory bodies regarding information sharing relating to reporting processes, and best practices.
Access impact and implements recommendations from internal audits as necessary.
Leads technical support/resources for departmental, agency and board staff in relation to the implementation of policies and related procedures.
Acts as primary liaison with external auditors and prepares annual report, ensuring compliance with new public sector accounting standards. (15% of time)
Coordinates auditor requirements, deliverables and scheduling. First point of contact to address any audit inquires, including making recommendation for how best to satisfy their requirements.
Leads the implementation of new accounting standards and the necessary inputs and compliance from impacted staff.
Coordinates and prepares information for inclusion in the Annual Report, including making recommendations for updates considering results and strategic direction of corporation.
Works closely with the communications team to finalize the Annual Report.
Identifies opportunities for improving corporate financial reporting, ensuring consistency in methodologies and approaches, alignment with corporate strategies and priorities, developing and presenting recommendations, and coaching staff to ensure initiatives are incorporated into day-to-day activities. (10% of time)
Leads and/or participates in special projects (eg. Establishing new entities or divisions, etc.)
Perform other related duties and responsibilities as assigned or required.
Special Requirements
In accordance with the Corporate Criminal Record Check Policy, the position requires the incumbent to undergo a Criminal Records Check and submit a Canadian Police Clearance Certificate.
Regional staff strives to enable the strategic priorities of council and the organization through the completion of their work. Staff carry out their work by demonstrating the corporate values.
Closing Statement
Uncover the wonder of the Niagara Region and join a team dedicated to meeting tomorrow’s challenges TODAY!
Let us know why you would be an excellent team member by submitting your online application.
We thank all candidates for their interest however, only those candidates selected for an interview will be contacted.
