At McMaster University, we strive to attract, develop, and retain talented faculty and staff, and to foster inclusive excellence which values the strengths, perspectives, and contributions of each individual. McMaster is one of the Top 70 Universities in the World and is recognized as Canada’s Most Research-Intensive University. McMaster continues to be recognized as one of the top employers in the Hamilton/Niagara region and one of Canada’s Top Diversity employers.
The Faculty of Health Sciences (FHS) , the largest Faculty within McMaster, is unique as the only Canadian university that combines schools of medicine (including two regional campuses), nursing, rehabilitation science, and the programs of midwifery, Bachelor of Health Sciences, physician assistant and postgraduate health sciences education within one faculty. Our pioneering approaches to education and our reputation for world-class research has consistently placed McMaster and the Faculty among the top 50 universities in the world for health and medicine.
Those who join FHS will find a community of 5,400 talented individuals who are inspired by the faculty’s commitment to our values of interprofessional collaboration, commitment to our communities, accountability, innovation, excellence, integrity, respect, and optimism.
The Health Sciences Research Finance team provides a wide range of financial services to researchers in the Faculty of Health Sciences, including those located at affiliated hospitals. These services include authorization of expenditures, cheque deposits, account management, and preparation of financial statements. You can find out more about us here!
We are currently searching for an experienced and motivated Budget and Financial Analyst (I) to join our team. Reporting to the Assistant Director, Research Finance, this role is a key contributor in ensuring the Faculty of Health Sciences' research project finances are being overseen efficiently and effectively at all times.
Job Summary:
Responsible for the coordination, consolidation, and preparation of financial information and related analyses in order to forecast financials and develop program budgets that maximize fiscal resources. Provides training and guidance to others as it pertains to departmental financial processes and procedures. Provides lead hand supervision to other staff.
Job Duties:
- Analyze financial information to aid in the development and implementation of short-term and long-term financial planning.
- Develop multi-year budgets for review and approval.
- Project revenues and prepare detailed calculations of projected compensation costs and other expenditures
- Prepare budget appropriation adjustments required after the approval of the original budget.
- Analyze business processes to ensure efficiency and proper controls for accurate financial reporting and the safeguarding of assets. Recommend changes to improve processes.
- Interpret and communicate applicable financial policies, procedures and guidelines to others.
- Plan and coordinate timetables and budget processes for budget review with various departments and meet with departments to review resource plans in order to prepare financial projections.
- Assist with internal and external audits by preparing audit files and responding to auditor inquiries.
- Interpret and communicate applicable financial policies, procedures and guidelines to others.
- Prepare working papers and consolidate information in accordance with financial auditor requirements
- Develop and deliver training and information sessions.
- Review reports and analyze data and assess for reasonableness.
- Develop budgets for review and approval.
- Implement and maintain budgets. Create financial projections and make adjustments to budgets throughout the fiscal year.
- Exercise appropriate controls, monitor, and reconcile accounts.
- Write a variety of document and reports such as procedure manuals, accounting reports, and financial statements.
- Perform various analyses and reconciliations of accounts.
- Generate reports and account statements and review for accuracy.
- Provide training and guidance to others on relevant accounting procedures and the use of financial systems.
- Calculate, prepare and issue invoices, cheques, account statements and other financial statements according to established procedures.
- Receive, send, sort, verify, process and prepare various documents such as purchase orders, invoices, cheque requisitions, receivables, and payables.
- Process, verify, and balance financial records and business transactions, such as accounts payable, accounts receivable, and payroll.
- Investigate discrepancies using established procedures.
- Monitor and reconcile statements and participate in the reconciliation of accounts.
- Prepare and generate a variety of scheduled and ad hoc reports.
- Balance and control cash receipts, including floats, petty cash and cheques.
- Apply standard mathematical skills such as calculations, formulas, and equations to perform a variety of calculations.
- Answer complex inquiries via telephone, email, and in person that are specific in nature and require a specialized knowledge of policies and procedures.
Qualifications
- Bachelor’s degree in Finance, Accounting or related field
- 4 years of relevant experience
Working towards or qualified CPA an asset
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