Senior Financial Analyst (Contract until October 1, 2026) – Closing Date April 30, 2025 Full Time

Please note: This job posting will close on April 30, 2025, at 5 PM and this posting is for an existing vacancy.

Objective:

To provide sound bookkeeping services and financial analysis for the OFIFC in compliance with Generally Accepted Accounting Principles (GAAP), Federal/Provincial legislation and OFIFC policies and procedures.

Key Deliverables:

Accurate Financial Reporting: Produce timely income statements, balance sheets, and operational reports.
Financial Analysis and Forecasting: Analyze expenses, revenues, and budgets to support planning. Develop financial models and forecasts.
Process Improvement: Enhance finance processes for efficiency. Recommend new tools and update policies for compliance.

Key Responsibilities:

Data Management and Reporting (30%):

Maintains accounting systems and financial books of record, including contracts and agreements, payroll transactions, accounts payable, accounts receivable and program reporting.
Examines and analyses submitted account records, financial statements and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards and informs OFIFC Management.
Prepares operational and organization consolidated monthly, quarterly and annual fiscal reports including income statements, balance sheets and reports.
Surveys organisational operations to ascertain accounting needs and develops and recommends solutions to business and financial challenges.
Coordinate monthly close process
Provide bookkeeping and related record keeping as assigned

Analyzing, Forecasting, and Planning (20%):

Provide financial analysis of organisational expenses, revenues, financial commitments, budgets, and financial statements to report and make recommendations to OFIFC Management.
Assist with financial planning and budget processes, analysing financial statements and reports, developing financial models, preparing projections, and performing finance research and analysis.
Forecasting quarterly and annual revenues, expenses and cash flows – Funding and Core Operating Costs. Recommend future budgets.
Analyse actual results, budgets, and year over year trend analyses for review by senior management, including identification and evaluation of alternative strategies that may similarly achieve the desired financial and service level targets.
Report and make recommendations on the analyses of historical financial data – OFIFC and FC/DS.
Review and reconcile monthly, quarterly, annual general ledger account balances for accuracy and up to date financial data.
Support Management with Funder financial negotiations. Provide historical data and cost projections, recommend future budget amendments.

Financial Support (10%):

Delivers on the job training and supports to financial staff of Friendship Centres and provides financial advice to OFIFC Management.
Support OFIFC Management with Friendship Centre management reviews and risk assessment reviews.
Analyse and report FC audit results – health, risks, opportunities and supports.

Core Operations (15%):

Accountable for setup and maintaining chart of accounts, subledger accounts and Program segment codes.
Assist in training new hires for Financial Analyst and Senior Financial Analyst positions.
Conducts and/or coordinates training sessions for staff in the areas of budgeting concepts.
Conducts and/or coordinates finance orientation sessions for New Hires.
Leads preparation of various Operating Budget documentation, period and year-end financial reporting, presentations, briefing notes, and preparation of Board reports.
Assist in preparing Annual Operating Plan to ensure the organisational strategic plan is in alignment with the organisation’s goals and objectives.
Maintain core salary schedules.
Establish tools, and processes to effectively analyse true cost of Operations and Programs.
Support Management with Funder financial negotiations. Provide historical data and cost projections, recommend future budget amendments.
Prepares monthly, quarterly, and annual fiscal reports including income statements, balance sheets and reports for use by OFIFC Board of Directors and OFIFC management.

General (15%):

Ensure that finance processes are continuously improved in terms of efficiency, transparency, and overall effectiveness.
Research, analyze and recommended new finance tools i.e. contract management, finance and analytical software.
Assist in establishing and recommending updates to financial policies, procedures, and processes.
Supports and reviews contractual obligations such as funder agreements and third-party service provider agreements. Informs management of items outside of the organizations policy, procedures, and processes.
Provides ongoing support in the development of the Integrated Database (IDB) and integration of new Finance systems.
Surveys organisational operations to ascertain accounting needs and develops and recommends solutions to business and financial challenges.
Develops and maintains Process Manual and appropriate tools, forms, and mechanisms for accounting and bookkeeping activities.
Provides direct support in financial review and/or inquiries by Government funders and OFIFC staff.
Provides input to OFIFC delivered trainings and workshops with respect to financial activities such as bookkeeping, budgeting, financial reporting, and audit.

Audit (10%):

Assist with various year end audit tasks such as gathering supporting documents, reconciling balance sheet, revenue, and expense schedules, preparing audit reports, participating in specific program audits, ensuring internal controls and accounting standards are met.
Ensures all financial accounts, records and reports are audit-ready at fiscal year end.

Education/Work Experience:

Bachelor’s degree in finance, accounting and/or industry courses relevant to Accounting or Finance.
2+ years experience in a senior financial analyst role or financial experience in a full accounting cycle role.
Minimum 1 year experience working in a not-for-profit sector in an accounting capacity.

Behavioural Competencies:      

Attention to detail and Accuracy
Integrity and Credibility
Critical and Analytical Thinking
Organisational skills, and multi-tasking
Time Management
Confidentiality

Technical Competencies:

Advance understanding of GAAP and accounting functions/practices
High proficiency in Excel and other MS Office applications (Word, Access, etc.)
Working knowledge of accounting software such as Sage
Self-motivator with the ability to work independently and in a team environment
Strong listening, verbal, and written communication skills
Ability to present financial data using detailed reports, charts, dashboards

What we offer:

Culture-based organization
Registered Pension Plan – Employer Matching
Hiring Range: $80,000 – $84,400
Full Pay Range: $80,000 – $98,000
Comprehensive Health benefits after the probationary period including Health Care Spending Account & Lifestyle Spending Account (100% Employer paid)

The OFIFC is committed to building a skilled and diverse workforce; we promote employment equity and encourage applicants to indicate if you belong to one of the four designated employment equity groups Women, Indigenous peoples, Persons with disabilities, or Members of visible minorities when you apply. 

Preference will be given to qualified Turtle Island Indigenous people including members of First Nations, Inuit and Métis (recognized by the Metis National Council).  Applicants claiming Indigenous ancestry will be required to provide supporting documentation to substantiate their claim.

Accommodation:

The OFIFC is committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.

Pre-screen Interviews are scheduled to start May 5 – 9, 2025.

Formal interviews are scheduled to take place May 12 – 16, 2025.