Law Society of Ontario

  • Senior Financial Analyst, Finance

    Job Location CA-ON-Toronto
    Job ID
    2018-1667
    # Positions
    1
    Job Type
    Full Time
    Years of Experience
    7
    Term
    Permanent
  • OVERVIEW

    JOB PURPOSE

     

    The Senior Financial Analyst provides technical expertise and analytical support to the Law Society and affiliated organizations regarding financial policy development and management accounting best practices.  This includes designing & implementation of dashboards, analysis and recommendations regarding budget development and monitoring, cash flow, financial reporting requirements, operational reporting requirements and the financial advisability of operational decisions, short to medium term investment and treasury function, and research and reports / presentations with respect to financial policy positions.  The Senior Financial Analyst provides support and training to Law Society managers on budget development ensuring compliance with Law Society standards. The Senior Financial Analyst, in collaboration with the Procurement Specialists participates in the request for proposal (RFP) process, supports client departments in the development of the full costing of RFP responses. The Senior Financial Analyst provides support, guidance and expertise to the Policy Division in fulfilling analysis and costing of proposed policy initiatives.  The Senior Financial Analyst conducts research and drafts financial policy papers consistent with Law Society standards.

     

    The Senior Financial Analyst also fulfills internal control roles such as the completion of reconciliations, analysis and journal entries to ensure the completeness and accuracy of financial information and adherence to the Law Society’s financial reporting policies.

     

    QUALIFICATIONS REQUIRED:

     

    • A university undergraduate degree in business or commerce, plus completion of a recognized designation CPA, or equivalent.
    • Minimum 7 years previous related experience, ideally in a not-for-profit environment, including responsibility for financial analysis, budget preparation, costing, research and report development and presentation supporting a volunteer Board and Committees. 
    • Solid grounding in management accounting functions, including budget analysis, cost / benefit analysis, financial management decisions.
    • Solid grasp of principles and best practices in the development of original research and recommendations
    • Strong understanding of general accounting functions, including accounts payable and accounts receivable.
    • Solid grounding in financial software applications and spreadsheet analysis, particularly the use of database applications, queries and custom report generation.
    • Extensive ability to develop visual appealing and compelling presentations using PowerPoint or similar applications for presentation to Executive Directors, Committees or Convocation.
    • Familiarity with the fundamentals of the Harmonized Sales Tax.
    • Thorough understanding of the impact of technology on the finance and accounting function, particularly with respect to analysis and presentation of financial information.
    • Speaks and writes in an articulate, persuasive manner for individual and/or group situations (committees, management, senior management).
    • Interprets, applies and presents complex information in an audience appropriate manner.

     

    KEY ACCOUNTABILITIES

    Client / Customer Service Delivery

    • In conjunction with the Director, Finance, Manager, Budget and Financial Analysis, finance managers and affiliated organization representatives, leads the development and implementation of integrated budget analysis, financial reporting and cash flow management strategies. 
    • Provides guidance and/or training to client departments with respect to Law Society budget process and budgeting best practices. 
    • Supports client departments, working with the Procurement Specialists, in the procurement process by completing analysis of costing of various responses received from vendors in response to an RFP.
    • Provides support to the Policy Division with respect to costing and related analysis of policy being developed for Committee and Convocation. 
    • Consults with Law Society managers, senior managers, Board and Committee members in order to determine financial analysis and reporting needs and to support the integration of automated financial reporting tools for the Law Society and affiliated organizations. 
    • Works closely with others in the Finance Department to ensure quality service to client departments. Analyzes, clarifies and proactively manages financial and budgeting information, and continually seeks improvements in accounting and financial management processes. 
    • Optimizes short-term investment management and long-term investment administration in liaison with investment managers, brokers, and custodians. 
    • Acts as a financial administration resource for affiliated organizations, reviewing submitted budgets and financial reports and compiling these budgets and reports.

     

    Financial Responsibility

     

    • Contributes to the development of departmental and corporate budgets as well as audit and accounting reports, liaising with client departments and representatives from affiliated organizations, to source and clarify financial information for financial reporting. 
    • Prepares draft operational budgets and reporting requirements, analyzes operational results, and provides cost / benefits analysis and recommendations in support of operational decisions. 
    • Analyzes financial data, and provides cost / benefit analyses and recommendations with respect to financial, restricted fund and treasury management decisions. 
    • Participates in the completion of required remittances (such as NPO tax returns).
    • Implements the Law Society’s choices under Generally Accepting Accounting Principles by preparing worksheets and journals either monthly, quarterly or annually. 
    • Develops analyses and recommendations regarding Law Society fund investments and treasury management practices.
    • Administers the recording and analysis of the organization’s fixed assets and other restricted funds.

     

    Research

     

    • Supports the Chief Financial Officer, Senior Manager Finance and Manager, Budget and Financial Analysis in the roles of Secretary to the Law Society’s Audit & Finance Committee, other Law Society Committees and the relevant committees of affiliated organizations the Finance department is charged with supporting. 
    • Conducts research as directed by committee(s), the Chief Financial Officer and the Manager, Budget and Financial Analysis, drafting financial policy positions for review of same, identifying gaps in policy and process, and suggesting appropriate means of closing gaps and ensuring best practices. 
    • Contributes to the development of the committee agenda, prepares quarterly and year-end financial reports and statements.

     

    Special Projects and Initiatives

     

    • Takes a lead role on a variety of ongoing and special projects for the Law Society and affiliated organizations, including continuous development and improvement of financial systems and management processes, research and analysis of new initiatives, and analysis of financial budget and management systems. 
    • Works closely with all departments in the development and ongoing improvement of budget practices, policies and procedures for the electronic capture, storage and retrieval of financial data, providing analysis and interpretation of client department business needs and the impact on same on the Law Society and affiliated organizations’ financial technology solutions. 

     

    Team Membership

     

    • As a member of the Law Society Finance team, provides expertise, guidance and training to colleagues across the organization in the areas of financial analysis, budget development and monitoring, costing and financial reporting requirements. 
    • The role requires regular, periodic meetings with other departmental managers on budgets, actual results, processes and policies.
    • Acts as a resource to a full array of teams, committees, departments and divisions, and provides analysis and expertise to special projects and initiatives, communicating best practices and processes regarding budgeting, financial reporting and financial policy research.

    COMPETENCIES

    Service Orientation

     

    The requirement to maintain a high standard of commitment, ethics, respect, care in service delivery to clients (internal and/or external).

     

    Communication and Interpersonal Skills

     

    The requirement to structure and deliver effective verbal and written communication with clients, staff, licensees, the public, and others in a non-threatening and constructive way.

     

    Team Orientation

     

    The requirement to share responsibility for the achievement of team goals and the associated behaviours required for individuals to contribute effectively in a team environment.

     

    Continuous Improvement

     

    The requirement to demonstrate an attitude that consistently strives to improve a standard of excellence for one’s self and for the benefit of the organization, its licensees and stakeholders.

     

    Problem Solving and Judgement

     

    The requirement to identify and analyze problems, determine root causes, evaluate alternative solutions and take and/or recommend appropriate solutions.

     

    Technical Competence / Professional Knowledge

     

    The requirement to apply knowledge and skills to carry out the work and/or provide advice. This also includes the quality of advice given, as well as the requirement to make decisions in the best interests of the organization as a whole.

     

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