Senior Financial Analyst

Job Category

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 position. In 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

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

Responsible for the financial analysis to support the development and maintenance of the University's annual operating and consolidated budget, and annual and quarterly forecast and reporting process; prepares and presents reports.

Organizational Status

Reports to the Manager, Financial Planning & Analysis. Consults with the Executive, directors, and other administrators on budget and forecast matters. Position provides primary liaison function with university departments for the purpose of administration and control of detailed operating and consolidated budgets and forecasts.

Work Performed

• Prepares consolidated university budget to support the development and maintenance of the University's annual operating and consolidated budget.

• Prepares and analyzes data to support the University-wide actuals, quarterly forecasts, budgeting and year-end financial reporting process. (Example: projections of tuition revenues, rate changes).

• Analyzes historical trends and assesses consolidated budget submissions to continuously evaluate the best ways to fund the University operations.

• Designs and maintains templates, reports, and queries which include extracted financial information from the financial management system and budgeting system, to facilitate current fiscal year's funding distributions and forecast future year's activities.

• Works in consultation with the Financial Planning and Analysis Leadership to identify and prioritize yearly budget and quarterly forecasting activities. Identifies problems areas for follow up with corrective action.

• Prepares complex financial and project based financial analysis to support senior management decisions (Example: evaluating the financial impact of operational changes, or reallocations of revenues, etc.).

• Researches, prepares and presents comprehensive financial planning reports and forecasts to support senior management decision making.

• Participates in the design, development and implementation of administrative systems projects to improve financial reporting and monitoring tools for the University administrators.

• Provides training on forecast, budget and supporting systems.

• Works closely with the faculty and department administrators in monitoring budget to actual results throughout the year. Evaluates the correspondence from faculties and departments to ensure reports and data is reliable.

• Responds to and addresses unit enquiries related to forecast, budget, and supporting systems.

• Performs other ad hoc related duties as required.

Consequence of Error/Judgement

The University is legally required to operate with a balanced budget. The Financial Planning and Analysis team is responsible for the development and maintenance of the University's annual consolidated budget. If errors are made in our estimates and forecasts the University will not be operating with a balanced budget. This puts the University at risk of having a deficit, which could have future funding implications with the Provincial Government and could create negative publicity.

Financial analysis supports decision making at a senior level. All decisions are made on how to spend limited resources. If decisions are made with incorrect analysis the University suffers financially since they are not spending limited resources in the best way possible.

Supervision Received

Consults with the Manager, FP&A on overall planning and major objectives. Once objectives have been determined, incumbent works independently. Supervision takes the form of periodic consultations on issues, approaches, and progress reports on activities underway.

Supervision Given

Not Applicable.

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 one's own

- Demonstrates a commitment to enhancing one's own awareness, knowledge, and skills related to equity, diversity, and inclusion

Preferred Qualifications

Related financial experience, including work with budgets and forecasts and/or computerized financial management and reporting systems. Advanced skills in spreadsheet modelling (Excel). Good working knowledge of financial management and reporting software packages. Demonstrated analytical skills. Effective oral and written communications skills, including the ability to communicate in a concise, logical and structured manner. Organizational and interpersonal skills necessary to manage a small project team. Attention to detail and accuracy of results.