Our client is seeking a detail-oriented, collaborative, and strategic Senior Financial Analyst to lead their financial operations on an initial 1-year contract with a STRONG potential for extension to a permanent role. The successful candidate will be responsible for overseeing budgeting, financial reporting, compliance, and risk management, with a specific focus on meeting the reporting requirements set by Ontario Health (OH) and the Ministry of Health (MOH), including OHRS, MIS, and SRI submissions. The Senior Financial Analyst will play a key leadership role in ensuring the financial sustainability and operational efficiency of their nonprofit healthcare organization.
Key Responsibilities:
Budgeting & Financial Planning
- Assist in developing annual budgets aligned with organizational goals.
- Monitor actual vs. budgeted performance; analyze and explain variances.
- Prepare financial forecasts and cash flow projections.
Accounting & Record Keeping
- Maintain and reconcile general ledger accounts.
- Record and reconcile financial transactions, including bank accounts and revenue recognition.
- Review and ensure the accuracy of accounts payable, accounts receivable, and payroll entries.
- Ensure compliance with Generally Accepted Accounting Principles (GAAP).
Financial Reporting
- Prepare monthly, quarterly, and annual financial statements.
- Complete government reports, including OHRS/MIS, CAPS, Community Quarterly Reports (formerly SRI), and the Annual Reconciliation Report (ARR).
- Support ad-hoc financial reporting needs for board meetings and stakeholder updates.
- Prepare government funding reports and respond to information requests.
Regulatory Compliance
- File regulatory reports such as T3010, HST, and property tax rebates (where applicable).
- Ensure compliance with nonprofit sector financial reporting requirements.
Audit Coordination
- Prepare detailed year-end schedules and documentation.
- Coordinate and facilitate annual external audits or financial reviews.
- Monitor adherence to internal financial controls and address audit findings.
Cash Flow Management
- Oversee day-to-day cash management and bank reconciliations.
- Forecast cash flow requirements for operations and program delivery.
Banking Relationships
- Maintain positive working relationships with financial institutions.
- Monitor and review banking services and fees for accuracy and efficiency.
Policy Development & Oversight
- Ensure compliance with internal financial policies and controls.
- Assist in developing and updating finance-related procedures.
Payroll
- Oversee and provide support to payroll processes, ensuring accuracy and timeliness.
Technology & Systems Management
- Manage financial systems and software; ensure effective use of technology to streamline processes.
- Maintain and optimize financial reporting tools.
Board & Committee Support
- Collaborate with the CFIO to prepare materials for the Finance Committee and Board of Directors.
- Provide financial insights and recommendations to support strategic decision-making.
Qualifications & Competencies:
- Minimum 3 years of hands-on experience in accounting, budgeting, and reporting in the nonprofit sector (health sector experience preferred).
- Strong knowledge of month-end, quarterly, and year-end cycles, including journal entries and schedule preparation.
- Experience with payroll processes and monthly variance reporting.
- Proficiency with financial accounting systems; experience with Sage 300 is a strong asset.
- Familiarity with Ontario Health (OH) and Ministry of Health (MOH) reporting (e.g., OHRS/MIS, CAPS, Community Quarterly Reports).
- Strong analytical and problem-solving skills across organizational functions.
- Excellent organizational, time management, and attention to detail.
- Superior communication skills (verbal and written).
- Proficiency in Microsoft Office, particularly Excel, Word, and Outlook.
- Ability to manage multiple priorities and meet deadlines effectively.
We’re an equal opportunity employer committed to increasing diversity and inclusion in today’s workforce. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Minorities, women, LGBTQ candidates, and individuals with disabilities are encouraged to apply. If you require an accommodation, please review our
accessibility policy and reach out to our accessibility officer with any questions.
