Summary of Duties
Reporting to the Financial Officer, the Financial Analyst ensures the accurate and timely provision of social housing financial information and analysis. Responsible for providing a variety of tasks including financial and statistical analysis, benchmarking, performance monitoring and forecasting. Assists with the preparation of the Division budget estimates, Provincial budget requests, monitoring and control of expenditures and subsidy claims. Provides various financial and statistical reports and technical accounting support for internal and external customers with quality customer service.
Analyzes, reconciles the funding and evaluates Housing Providers financial position and operational effectiveness by reviewing Housing Provider Information Returns (AIRs), audited financial statements and other financial information/reports in accordance with Housing Division policies and procedures and legislated requirements.
Provides a comprehensive audit review to ensure the appropriate use of subsidies and compliance with program requirements; analyzes expenditure and revenue trends; identifies potential problems, and irregularities. Presents findings and recommendations to the Financial Officer. Provides the settlement letter with the approved subsidy and surplus reconciliations; including recommendations and requirements of corrective action to be taken by the Housing Provider to meet local policies and legislated requirements.
Reviews and recommends Housing Provider’s annual subsidy estimation/advance and other funding requests to ensure compliance with Provincial legislation, regulations, local policies and internal practices. Performs accounting, analysis, research, and reconciliation related to Housing Provider’s operating and capital budget development, monitoring and financial processes and advises Financial Officer of any problems or potential problems and recommends course of action.
In conjunction with the Financial Officer, Program Officer and Technical Support Officer, conducts planned operational reviews and other special assignment audits of social housing providers. Evaluates and recommends improvements to operating and internal controls of the Housing Providers to ensure financial integrity and program and legislative compliance. Identifies issues and problems or potential problems of a financial nature and develops options and recommendations to resolve these concerns. Assists with the implementation of approved risk management strategies.
Review and recommends Lower End of Market (LEM) rental charges submitted by Section 95 Federal Non-Profits annually to ensure financial viability and continuing success of Federal Non-Profits
Provides guidance and instruction to Financial Clerk to maintain the accuracy and quality of work provided.
Assists with the preparation and development of the Housing Division annual budget.
Assists with the preparation of financial reports for applicable programs to Committee and Council as required.
Assists with the development of Housing Division administrative and financial policies and procedures including the development, control and maintenance of new financial management reports, forms, worksheets, statistics and forecasts to provide the necessary information and tools to ensure the efficient and effective operation of the Division.
Ensures that services provided meet City of London customer service standards by providing quality customer service by telephone, electronic mail and in person, responding to financial related inquiries and complaints with respect to social housing funding and subsidy estimation information.
Deals with processing financial problems and issues raised by Housing Providers, Auditors, Property Managers or other social housing stakeholders.
Provides financial assistance and advice to Housing Providers, their auditors and management in regards to the required annual returns, audited financial statements and annual reports.
Acts as a backup to the Financial Officer and Financial Clerk in their absence within the provisions of the applicable collective agreement.
Performs other duties as assigned, in accordance with Department and Division objectives.
Minimum three year college diploma in accounting, OR a degree with completion of modules 1, 2, 3, 4, 5.1, 5.2, 6, 11, and 12 of the CPA PREP program or equivalent.
Two years related experience in a general accounting field and in developing spreadsheet and/or database applications for financial analysis and reporting.
Specialized Training & Licenses
Skills and abilities in the following areas are necessary:
Knowledge of general accounting practices and procedures in a computerized accounting environment.
Mathematical aptitude and analytical skills applicable to various financial and accounting functions.
Good knowledge of general office procedures including records management.
Computer literacy in a Windows environment utilizing Microsoft Office applications, word processing, spreadsheet and database software with intermediate proficiency in spreadsheet applications.
Familiarity with related City of London programs, policies and procedures governing accounts payable and receivable.
Knowledge of and demonstrated ability in corporate core competencies including customer service, communication, team work, initiative/self management and accountability, and flexibility/adaptability.
Ability to work outside normal business hours as required on occasion.
Compensation and Other Information
$49,169 - $70,176 (Level 11)
This position is being filled on a temporary basis for up to 2 years.
Current hours of Work: Monday - Friday from 8:30 a.m. to 4:30 p.m.
These hours of work are subject to change in accordance with the Collective Agreement and may include evening hours and Saturdays.
NOTE: Applicants may be required to complete a job related test.
Our hiring process is in accordance with the Mandatory Proof of COVID-19 Vaccination Administrative Policy
As an inclusive employer, we are committed to providing a fully accessible recruitment process. Please contact us at any time during the recruitment process and let us know what accessible supports you may need.