Position Summary
The Financial Analyst is responsible for providing day-to-day accounting, financial reporting, budgeting, and analytical support to the Financial Services Department and City as a whole. This position plays a key role in maintaining accurate financial records, preparing financial analyses and reports, supporting budget development and monitoring, and ensuring compliance with municipal policies, procedures, and regulatory requirements.
Working closely with departmental managers and finance team members, the Financial Analyst is expected to provide recommendations on financial decisions that impact staffing levels, service delivery, and work force design.
Major Duties and Responsibilities
Budgeting & Forecasting
- Assist in the development and preparation of annual operating and capital budgets.
- Support budget reviews and forecasting processes throughout the year.
- Monitor budget performance and identify emerging financial risks or opportunities.
- Prepare budget working papers, projections, and financial models as required.
Compliance & Audit Support
- Support compliance with Public Sector Accounting Standards (PSAS), municipal legislation, and organizational policies.
- Participate in the development and documentation of financial procedures and internal controls.
- Identifies financial risks, internal control weaknesses, and areas of potential non-compliance, and recommends appropriate mitigation strategies.
- Prepare and review journal entries, account reconciliations, and working papers.
- Support capital asset accounting, reserve tracking, and project accounting.
Financial Reporting & Analysis
- Assist in the preparation of Council, Committee, and management financial reports.
- Monitor departmental budgets and assist departments in understanding financial performance.
- Evaluate and interpret financial information to support operational and strategic decision-making.
Operational Support
- Respond to financial inquiries from departments and provide guidance on financial processes and appropriate accounting standards.
- Assist with data collection, analysis, and reporting for special projects and organizational initiatives.
- Supports the implementation and consistent application of financial policies, procedures, bylaws, and internal controls.
- Contribute to the implementation of financial system enhancements and process improvements.
Key Behavioral Competencies
Analytical Thinking & Problem Solving