Senior Financial Business Analyst

Job title:

Senior Financial Business Analyst

Company

Humber River Health

Job description

Position Profile:Humber River Health. Lighting New Ways In Healthcare.Since opening our doors in 2015 as North America’s first fully digital hospital and we remain unwavering in our belief that we can change the hospital where we work, the community where we live, and the world of healthcare beyond our borders. Serving a community of 850,000 residents in North West Toronto, Equity Inclusivity and active participation in the North West Toronto Ontario Health Team are key initiatives important to our Team. At Humber River Health, we use a custom combination of technology and clinical expertise to rebuild elements of care. We make technology work for staff and physicians; giving them more time to spend with patients, to eliminate inefficiencies, and to reduce the chance of errors. Humber River Health is formally affiliated with both the University of Toronto and Queen’s University and committed to becoming a community academic hospital. Clinical Excellence, Optimizing Care through Technology and Community Connection frame our Research Strategy.At Humber River Health, we’re not hoping for a renaissance, we are making it happen. As part of our dynamic team, you can lead the way, as we continue our journey towards high reliability care!Join our financial reporting team as we work together to achieve sustainable, responsive and efficient growth and asset utilization.At Humber River Health, or Finance department plays a pivotal role in developing, implementing, and managing financial, accounting, and reporting policies, processes, and operational activities that meet all Ministry of Health and Long Term Care (MOHLTC) legal, regulatory, requirements.We are currently seeking a Senior Financial Business Analyst to join our Finance team. This individual will develop, track and analyze budget and financial data and reports for accuracy and timelines.Are you a Senior Analyst with an analytical mindset? Have you developed financial reports in a healthcare environment? If you answered yes to any of the questions above, we invite you to read the details below and apply to this exciting career opportunity and Humber River Health.Reporting Relationship: Manager, Accounts PayablePosition Responsibilities:

• Apply Generally Accepted Accounting Principles (GAAP) / Public Sector Accounting Standards and Management of Information Systems (MIS) standards to accurately record monthly financial results.
• Review monthly actual vs budget results, follow up on significant variances, and determine appropriate action and refer highly complex issues to Manager/Director for resolution.
• Reconcile general ledger balance sheet accounts on a monthly basis and follow up on issues.
• Report Foundation, Research, and other income sources which may include Ministry of Health & Long Term Care (MOHLTC), Cancer Care Ontario (CCO) and others to project income/funding streams.
• Work with client group to allocate monthly funds to expenditures that meet donor funding priorities and follow up on outstanding issues.
• Maintain funding reconciliation and deferred revenue schedules to track and record funding revenue from MOHLTC/CCO.
• Develop monthly financial reports to be presented by Director/CFO at senior management team (SMT) meetings for leadership decision-making, and at board finance committee.
• Create and maintain custom financial reports within the Meditech General Ledger module.
• Review current report designs to assess compliance with current reporting requirements and update reports to meet requirements.
• Develop and distribute ad-hoc internal reports.
• Review physician on-call schedules including Hospital On-Call Coverage Program (HOCC) hospital stipend to be submitted for payment.
• Reconcile schedule of physician on-call payments to the general ledger to ensure payments comply with MOHLTC Funding Agreement.
• Prepare working paper files for year-end settlement audit; respond to auditors’ queries; review year-end report for accurate completion in preparation for MOHLTC year-end report submission.
• Provide financial information to auditors that meet audit requirements.
• Prepare data for HST audit.
• Prepare remittance and reporting documents (i.e. taxes, funding models/sources, trial balances) to reduce financial penalties arising from past due payments.

Qualifications:

• Undergraduate Degree in Finance/Accounting
• Chartered Professional Accountant (CPA)
• Minimum (7) seven years’ related experience preferably in healthcare environment
• Experience with MS Office (Outlook, Word, Excel, PowerPoint)
• Knowledge of Generally Accepted Account Principles and Public Sector Accounting Standards
• Demonstrated knowledge of data management & analysis, Public funding models and Accounting
• Excellent analytical, organizational and problem solving skills
• Ability to work independently to meet tight deadlines.
• Leadership and conflict management skills preferred
• Excellent attendance and discipline free record required.

Why choose Humber River Health?At Humber River Health, our staff, physicians, and volunteers are lighting new ways in healthcare. We are proud to be recognized as a part of Greater Toronto’s Top Employers by Mediacorp Canada Inc. We support employees by providing evidence-based leadership and cultivating a culture that consistently wows as a Huron Consulting hospital. We are a member of the Toronto Academic Health Science Network (TAHSN) and are deeply involved in research and academic collaboration. We are dedicated to high-quality patient care and demonstrate our values of compassion, professionalism, and respect.Attracting and retaining a workforce that represents the diverse communities surrounding Humber River Health, is a priority. We encourage applicants from all equity-deserving groups, including but not limited to, individuals who identity as Indigenous, racialized, seniors, persons living with disabilities, women, and those who identify as 2SLGBTQ.Applicants will not be discriminated against on the basis of race, creed, sex, sexual orientation, gender identity or expression, age, religion, disability, medical condition, or any protected category prohibited by the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act.Accommodations are available throughout the recruitment process as well as during employment at Humber River Health. Please direct any accommodation requests to our recruitment team.

Expected salary

Location

Toronto, ON

Job date

Sun, 28 Jul 2024 03:51:20 GMT

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