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Finance Business Partner

Job Highlights
Toronto
Direct Hire
$100,000

About the Company

Our client works in the healthcare industry. They are looking to hire a Finance Business Partner who will be providing independent support to various programs within the Hospital in the following areas: Budget preparation, monitoring, forecasting, capital and all associated activities and responsibilities associated with these areas.

Why Work Here

  • Engaging and professional working environment
  • Comprehensive compensation and benefits package

About the Opportunity

  • Financial Planning:
    • Lead the development of clinical and non-clinical program’s annual and multi-year operating budget assessing and advising on the key drivers to performance, and subsequently perform the monitoring and forecasting of such budgets on a risk-based approach, managing, challenging and influencing the assumptions used by budget holders to achieve expected financial results.
    • Utilize a deep understanding of program operations including knowledge of procedures, cases and services in clinical areas to appraise and confirm budget assumptions, providing insight into drivers to costs and materials utilization and recommendations for increases to budgeted financials or changes in resource utilization.
    • Implementation of Service planning / cost saving process, whilst guiding and supporting Vice Presidents, Program Directors and budget holders to ensure mitigation strategies are identified and implemented in year to ensure ministry committed results are achieved.
    • Collectively as finance business partners, coordinate the development and consolidation of the Networks annual and multi-year operating budget, and subsequently perform the monitoring and forecasting of such budgets at a network-wide level with support for stakeholders and escalation of risks and opportunities to Senior decision makers
    • Lead the quarterly re-assessment of program financial forecasts, utilizing historical and current trends and performance drivers to confirm updated financial expectations
    • Consolidate network-wide quarterly reforecast with subsequent communications to board on drivers to expected outcomes
    • Design and execute formal training for financial planning tools across the networks budget holders
  • Financial Advisory and Business Partnering
    • Leads business case analysis to highlight capital and operational impacts of varying projects, providing insight and recommendations to Vice Presidents and senior stakeholders which enable key business decisions across network wide capital initiatives whilst ensuring alignment with network strategic plan.
    • Proactively analyze and apply the impacts of Health System Funding Reform, funded volumes and revenue recognition in various programs, highlighting key performance drivers and influencing and motivating program directors to ensure maximization of revenues across the network;
    • Monitoring and analysis of Service Planning / cost saving initiatives with guidance and advice on mitigation strategies should expected outcomes not be achieved
    • Takes independent, proactive approach to analyzing performance of program, determining causes, trends and proposing creative and innovative solutions based tailored to the specific varying program needs; advising on management of financial risk, ensuring mitigation strategies are provided when risks have been identified
    • Creation and maintenance of strong relationship with program areas, through provision of presentations and engagement of clinicians and program directorship and management.
    • Work collaboratively with other Finance Business Partners to ensure consistency in Finance’s approach to financial management;
    • Provide, as required, continued financial literacy training and guidance to clients and/or stakeholders
  • Financial Reporting
    • Completion of program specific monthly financial reporting, consolidating various sources of information to provide evidence based insight into financial performance vs expected performance.
    • Leading presentation to program leaders on performance, ensuring that program targets are met, in order to not return MOH funding.
    • Completion of site specific and consolidated network-wide financial performance reporting with insight into trends and performance indicators, in order to prepare and present financial result to senior leaders.
    • Completion of monthly financial results presentation to VP Finance, whom is subsequently able to inform network leaders and board members at monthly executive committee
    • Complete program audit working papers, liaising with both internal and external auditors, ensuring completeness and accuracy when reporting to Ministry and external parties.
    • Ensure that key control activities for areas under the Manager, Financial Planning & Analysis’s responsibilities are properly identified, and ensure their proper design, implementation and operating effectiveness;
    • Provision of feedback and influence on changes to network integrated financial reporting systems
    • Participate in relevant ad hoc projects (e.g., internal and external audits, lab integration, presentations, etc.), as required
    • Coordinate and/or perform the journal entry process for allocated programs, ensuring correct recognition of revenue and expenses in line with hospital financial directives and network guidelines.

About You

  • CPA, CA, CMA, or CGA
  • 7+years progressive financial experience
  • 5+  years progressive financial analysis experience
  • 3+ years’ experience in supporting business units or program areas
  • 3+ years partnering and supporting senior decision makers
  • Previous experience with a non for profit healthcare system preferred;
  • Experience with budgeting and forecasting for large complex organizations;

Salary Range

$90,000 - $100,000/year

How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats.

When referencing this job, quote # 324064.

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

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Finance Business Partner

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