Job Title: Financial Analyst (Career Edge Intern)
Duration: Approx.6 months, [with possible extension or conversion to full-time position]
Reports To: Manager, Financial Reporting
Position Overview:
The City of Markham is seeking a highly motivated and experienced Financial Analyst with a growth mind set to join our Financial Reporting Division within the Financial Services Department. This fast-paced, high-profile position offers an exciting opportunity for an independent, creative thinker with municipal experience in financial reporting, analysis, and forecasting. As the City prepares for the implementation of a new ERP solution, this role will play a crucial part in ensuring seamless financial operations and accurate reporting during this transformative period. The Financial Analyst will be a key contributor to the integrity and accuracy of the City's financial information, with a particular focus on financial statements for the City, associated entities and compliance with Public Sector Accounting Board (PSAB) regulations. This role will involve hands-on financial reporting, analysis, and active participation in month-end, year-end, and audit processes. Furthermore, the Financial Analyst will be instrumental in the transition to the new ERP system, assisting with testing and ensuring financial reporting continuity.
Key Responsibilities
Financial Reporting & Analysis
Prepare and review financial statements for associate entities, ensuring accuracy and compliance with relevant accounting standards.
Manage current and upcoming new Public Sector Accounting Board (PSAB) regulations, ensuring timely adoption and adherence in all financial reporting.
Assist in the compilation of financial statements for Government Business Enterprises (GBEs) for City owned operations and the City.
Responsible for the timely and accurate reporting of departmental and corporate operating expenses on a monthly, quarterly, and annual basis, including detailed analysis and reconciliations of general ledger accounts.
Participate actively in month-end and other accounting/record-keeping matters, including journal entries, reconciliations, and closing procedures.
Assist in the preparation of year-end comparative financial statements and supporting schedules, ensuring all necessary disclosures are included.
Work closely with the external audit team, providing all necessary critical information and supporting documentation to facilitate a smooth and efficient audit process.
Prepare and compile information for the calculation of indirect tax recoveries, actively seeking to maximize savings for the City.
Deliver timely, comprehensive, and quality management reporting, including key financial metrics and performance indicators.
Research, analyze, and make recommendations via written reports and PowerPoint presentations for special financial projects.
Provide ad hoc financial support to Business Unit Leaders across the City, responding to their specific financial information needs.
ERP Implementation & Process Improvement
Assist in testing various processes for the Financial Reporting Division during the implementation of the new ERP solution, ensuring data integrity and functionality. Identify procedures and systems that can be improved within the financial reporting function, proposing and implementing solutions to enhance efficiency and accuracy.
Recommend and implement solutions to complex accounting issues, particularly those impacted by new regulations or system changes.
Policy & Strategic Support
Provide financial expertise to support operating departments within the City, offering guidance on financial policies, procedures, and best practices.
Contribute to the formulation of financial policies and procedures by participating in multi-discipline projects that address the operating and financial requirements of the Corporation.
Qualifications
Education & Professional Designation
A minimum of five (5) years of progressive experience in financial reporting and analysis.
A professional accounting designation (CPA, CMA, CA designation or accredited equivalent) is required.
Skills & Abilities
Exceptional analytical skills with the ability to research and interpret complex financial issues, often involving cross-functional corporate teams.
Superior verbal and written communication skills to present findings, recommendations, and complex financial information in a clear, concise, and impactful manner.
Demonstrated ability to be a hands-on, results-oriented analyst who excels at meeting established goals and objectives within tight deadlines.
Independent and creative thinker who can approach financial challenges from both a strategic and tactical level, depending on the business circumstance.
Highly proficient in a computerized environment, with advanced knowledge of Microsoft Excel (including advanced macro capabilities, Pivot Tables, and complex formulas), Microsoft Access, and PowerPoint.
Familiarity with financial software applications is essential; experience with ERP systems, particularly in a municipal context, is a significant asset.
Working Conditions:
Hybrid work arrangements may be considered in accordance with municipal policy.
Opportunity for Growth:
This role offers a unique professional development opportunity to be part of City of Markham’s transformation initiative. It is ideal for someone with a growth mindset & interested in project work, business systems, and process improvement — and could serve as a steppingstone to future role as full-time position.