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General Posting Information
POSITION:
Senior Financial Analyst, Financial Planning and Analysis (Hybrid)
DEPARTMENT:
Financial Services
CONDITIONS:
Full-time
HOURS:
Approximately 75.0 Bi-weekly hours
SHIFTS:
Days
7.5 hours hours per shift
(subject to change)
WAGE RANGE:
Scale Minimum Maximum
NONU $40.18/hr $48.21/hr
RESPONSIBILITES:
Monthly, Quarterly and Annual Financial Statements and Reports:
- Prepare and review monthly and quarterly financial and operating reports, as well as investigate discrepancies between actual and budgeted expenses. In addition, make any necessary recommendations / corrections to ensure the information is accurate and complete, fairly representing the financial position of the hospital.
- Assist and support management in the monthly variance reporting process, creating reports and financial analysis as required to facilitate the effective review of financial and statistical information about their departments.
- Assist and support management with the financial analysis required for business cases.
- Prepare monthly ad hoc financial reporting to the Ministry of Health and other external parties.
- Prepare monthly financial analysis and auditing over case costing data and assist in Ministry reporting / submissions.
- Prepare and analyze quarterly and annual submissions to the Ministry of Health, including Hospital Trial Balance submission, Supplemental Operating Report, the Hospital Annual Planning Submission and Case Costing Submission.
Budgets and Statistical Reports:
- Assist in the preparation of monthly financial statements and Ministry of Health quarterly reports.
- Ensure all financial and statistical information is reported and properly converted into the Ministry of Health format, ensuring the hospital’s trial balance submissions are prepared in an effective and timely manner.
- Review the financial and statistical information and communicate / facilitate any necessary changes to ensure that all information is accurate.
- Assist in the preparation and development of the hospital operating budget and operating plan.
- Assist and train department heads in the preparation of their budgets.
- Update, maintain and audit the budget software system.
Stakeholder Support:
- Design management reports for cost control and profit analysis to ensure hospital operations are in line with operating plans / budgets and assist managers & directors with variance explanations.
- Assist in the development, maintenance and improvement of policies, procedures and management information systems.
- Assist in the development of and maintaining and improving the sub-accounting systems of the General Ledger in collaboration with MIS & HRIS personnel and / or other outside agencies.
- Responsible for implementing, maintaining and communicating changes from the MIS Guidelines and the Ontario Hospital Reporting System (OHRS).
- Review MIS Guideline compliance and changes with department managers and staff.
- Work closely with the Decision Support team to plan, prepare for and coordinate implementation of case costing for the hospital.
- Provide information and service to senior administration, directors / managers, Ministry of Health officials and other agencies on financial / statistical matters.
- Provide recommendations based on prepared analysis and participate in the development of strategic plans and business plans.
- Provide training and support for new management and continued education in the area of financial systems and variance analysis.
Position Management:
- Analyze the current system applications for implementing position management.
- Develop project plan to develop and implement position management across the organization.
- Implement position management system, including preparation of material and training for all management.
- Provide ongoing maintenance and training for users of the system, both those new to the organization and to all users, on an annual basis prior to the operating plan process.
- Provide technical support, working closely with Human Resources, to ensure data integrity and effective budgeting and costing of hospital compensation.
- Analyze, implement and document system changes, as well as, design and produce regular & ad hoc reports as required.
Other Duties:
- In addition, other duties may from time to time be assigned, consistent at all times with the prescribed practices, procedures, and policies of the Finance department and QCH.
REQUIREMENTS:
- Diploma / degree in accounting, finance or commerce, or related degree.
- Completed Chartered Professional Accountant (CPA) designation.
- Minimum 5 to 7 years of experience in a financial analysis role in a hospital or health care environment or large sized organization.
- Strong knowledge of hospital budgeting systems including position management.
- Project development and implementation skills.
- Experience in end-user’s support of processes and system administration.
- Experience with producing and analyzing a variety of financial management and budgeting reports.
- Strong knowledge of Ministry of Health MIS guidelines.
- Sound oral and written communication skills; good interpersonal and teamwork skills.
- Ability to work independently on an on-going basis, handle multiple simultaneous projects, multiple clients and an ability to meet tight deadlines.
- Ability to work with multi-disciplinary team.
- Strong analytical and problem-solving skills.
- Requires significant computer skills and expertise in various data management and reporting technologies and practices.
- Advanced knowledge of Microsoft Excel or similar data analysis software / tools is an asset.
- Experience working with Meditech or another leading ERP system is an asset.
Please note that according to the Ontario Health and Queensway Carleton Hospital Vaccination Policy, all applicants must be fully vaccinated unless they can provide the proof of a valid medical contraindication or exemption on the basis of protected grounds under the Ontario Human Rights Code in order to be considered for any staff or volunteer opportunities. Upon hiring, applicants must provide the proof of either government issued documentation proving they have been fully vaccinated, or present supporting documentation of a valid medical contraindication or exemption under Ontario Human Rights Code.
Thank you for your continued interest in the Queensway Carleton Hospital. We are committed to providing an environment which is respectful to all. If you have a disability which requires an accommodation during any stage of our recruitment process, please let us know how we can assist you.
