Sr. Financial Analyst (SRI) - INOVAIT - Regular Full-time 2024-8741

Oversee the financial aspects of INOVAIT, Canada's image-guided therapy network, operated by Sunnybrook through a $49 million Strategic Innovation Fund (SIF) project funded by the Government of Canada. Project costs are expended by both Sunnybrook and third-party funding recipients.

This role requires the incumbent to operate in the capacity of a business partner, analyst, strategic thinker, and planner. Key elements of the role are as follows:

1. FINANCIAL REPORTING AND ANALYSIS

• Looking holistically at the budget, our agreement with SIF, INOVAIT’s strategic goals and needs, and then formulating proposals for how to structure and implement INOVAIT’s budget
• Monthly budget vs actuals; variance & trend analysis
• Complete & submit quarterly claim reports; CF forecast reports; miscellaneous SIF reports; respond to SIF queries
• Create presentations for the INOVAIT management board
• Conduct periodic budget reviews, detailed analysis, and financial projections, proactively identifying potential issues/risks and recommending corrective actions/mitigation strategies 

2. SUPERVISION OVER FUNDING RECIPIENTS

• Monitor and review the financial aspects of recipients' projects, including conducting budget reviews, expenditure verifications, reimbursements, and reporting
• Ensure Sunnybrook and all funding recipients maintain compliance with SIF's cost principles, reporting requirements, and other policies

3. BUSINESS PARTNERING

• Communicate tactfully with Sunnybrook scientists, third-party recipients, and government staff on project finances
• Provide on-going training for recipients on preparing budgets and expenditure reports
• Assist with events and symposia

4. CONTROLS & AUDIT

• Look at effectiveness of current internal controls & recommend new ones
• Assist with process improvement initiatives
• Implement robust financial tracking systems to allow accurate reporting on expenditures and revenues
• Coordinate with Sunnybrook's and SIF's auditors as needed to facilitate comprehensive audits of SIF-related financial activities

Note that this role requires the incumbent to be on site 3 days a week

Qualifications/Skills

Must haves:

Education

• Undergraduate degree in Accounting or Finance
• Postgraduate degree/qualification:
  - Canadian CPA or CPA,CA strongly preferred
  - Alternatively, any of CPA,CMA / MAcc / MBA

Experience

• Minimum 4 years’ experience in a financial reporting or analysis role, with a focus on providing information for analyses, reporting and decision making purposes
• Solid skills in variance analysis
• Advanced skills in MS Excel; must know Outlook, Word, PowerPoint

Personal

• Exceptional communication (spoken & written English) and interpersonal skills
• Strong attention to detail and committed to continuous improvement
• Demonstrated excellence in interactions and collaborations with diverse stakeholders
• Must dress & present well

Nice to have:

• Proficiency in French
• SAP experience