Senior Financial Analyst Capital

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Job Profile

Job Title

Department

Compensation Range

The Compensation Range is the span between the minimum and maximum base salary for a position. The midpoint of the range is approximately halfway between the minimum and the maximum and represents an employee that possesses full job knowledge qualifications and experience for the the normal course employees will be hired transferred or promoted between the minimum and midpoint of the salary range for a job.

Posting End Date

Note: Applications will be accepted until 11:59 PM on the Posting End Date.

Job End Date

Please note: This is a temporary 18-month position.

At UBC we believe that attracting and sustaining a diverse workforce is key to the successful pursuit of excellence in research innovation and learning for all faculty staff and students. Our commitment to employment equity helps achieve inclusion and fairness brings rich diversity to UBC as a workplace and creates the necessary conditions for a rewarding career.

Job Summary

The Senior Financial Analyst Capital Financial Reporting (CFR) is responsible overseeing the processes for capital budgeting forecasting and analysis for the purpose of enhancing management reporting and decision making. The complexity of this position is driven by the numerous types of capital spend and funding activities across the university thus an excellent understanding of public sector financial reporting is critical.

An important component of this position is to support the financial reporting and audits of large- and small-scale capital projects with a current value of over $1 billion. The Senior Financial Analyst is responsible for providing accurate information and representation of capital projects including detailed analysis to ensure funding and expenditures align to the Board of Governors approved budgets and compliance with restrictions attached to the funding where required.

The position will also ensure the accuracy of financial statements developing capital reports and complex financial models for use in critical decision making.

The Senior Financial Analyst consults senior level management to develop and implement new policies and continuously review procedures to enable effective financial management reporting and business processes throughout the portfolio.

Organizational Status
The Senior Financial Analyst reports to the Manager CFR. and drives the reporting and operational initiatives of UBCs Financial Reporting function in collaboration with internal and external departments including the Comptrollers office Infrastructure Development Financial Operations Treasury the Provincial government and external auditors.

Work Performed

Business Partner support:

• Manages project life cycle reporting within Workday and provides business support to the various programs by applying technical expertise process management and business acumen

• Engages stakeholders at all levels across the University to ensure adherence to capital polices and accurate reporting of capital projects within Board approved budget

• Promotes the understanding of financial reports and processes to develop awareness of the impact of decisions on financial results. Shares this information through training across the campus community

• Liaises with external stakeholders including Provincial government other universities and related parties

• Provides support for the long-term capital and infrastructure planning budgeting forecasting and financial strategy

• Provides expert advice guidance and direction in preparation and analysis of financial statements capital budget and forecasts. This information is relied upon by Financial Reporting and other internal stakeholders

Financial efficacy:

• Compiles reviews and approves working papers prepared by other members of the team including junior and clerical staff for year-end audit and interim testing on a timely basis

• Coordinates the monthly quarterly and annual capital related financial statements and management reporting process. Ensures reports are prepared accurately and within reporting deadlines

• Communicates key financial issues to the Finance Manager CFR and senior management in a timely manner to support strategic and operational decisions

• Prepares financial statements and note disclosures supporting schedules analyses and reconciliations related to capital projects in order to support the Universitys statutory financial reporting requirements

• Researches and prepares accounting treatment memo on complex accounting issues. Provides recommendation on changes required arising from regulatory requirements of GAAP (Public Sector Accounting Standards or IFRS)

Continuous Improvement/Operational Excellence:

• Working with the CFMR and Financial Reporting teams recommends improvement to existing processes to increase efficiency and accelerate the monthly/quarterly/annual close period

• Monitors and evaluates internal controls for weaknesses and improvements with a focus on the Universitys restricted funds

• Plays a critical role in leading and contributing to certain aspects of business or system process reengineering for current and new system projects and strategic initiatives as required

• Implements process improvements and better tools to improve capital financial reporting within the Comptroller function and with critical stakeholders across UBC that require financial reporting data

Consequence of Error/Judgement

This role is instrumental in ensuring that the Universitys financial reporting for capital activities are accurate and delivered in a timely manner as capital expenditure and associated restricted funds make up a significant portion of UBCs financial results. As these financial results are reported to various internal and external stakeholders including the UBC Board of Governors and the BC Provincial Government inaccuracies may lead to incorrect financial statement representation and loss of reputation.

Supervision Received

The Senior Financial Analyst works independently and in a collaborative environment under broad directives from the Manager CFR.

Supervision Given
While this role has no direct reports the Senior Financial Analyst will be involved in reviewing the work of other junior or clerical staff and providing guidance to members of the campus community where necessary in relation to the appropriate recording of restricted fund transactions and their respective accounting policies and standard financial operating procedures.

Minimum Qualifications

• Undergraduate degree in a relevant discipline. Completion of the CPA accounting program (CA CGA or CMA). Minimum of seven years of related experience or the equivalent combination of education and experience.

• Willingness to respect diverse perspectives including perspectives in conflict with ones own.

• Demonstrates a commitment to enhancing ones own awareness knowledge and skills related to equity diversity and inclusion.

Preferred Qualifications

• Experience working within Public Sector Accounting Standards (particularly in relation to capital projects) is an asset.

• Business acumen understanding the strategic story and demonstrated ability to implement operational actions in a complex environment

• Minimum of five (7) years experience in financial reporting and analysis accounting auditing budgeting or financial planning responsibilities (preferably in a unionized environment in a large private organization or the public sector). An equivalent combination of education and experience will be considered.

• Demonstrated ability to engage with senior levels of management and financial/non-financial personnel in an organization.

• Strong communication and inter-personal skills especially when explaining complex concepts and processes to a diverse group of individuals including non-finance staff members.

• Strong critical thinking and problem-solving skills along with the ability to exercise sound and rational judgment.

• Strong attention to detail and the demonstrated ability to multi-task work well under pressure and prioritize tasks to meet deadlines especially during quarter-end all while maintaining a high degree of accuracy and working with complex information.

• Public practice audit experience is an asset.