Manager, Finance Planning and Reporting

Position Overview

Reporting to the Director of Finance, the Manager of Financial Planning and Reporting provides leadership in areas of financial planning and analysis, accounting and internal control.
Responsibilities include managing the Hospital's $376 million operating budget and leading the delivery of financial statement reporting to the leadership team.
The Manager possesses in-depth knowledge of accounting standards, financial statement reporting, and internal control framework.
Coupled with strong analytical, organizational, and communication skills, the individual will provide leadership and guidance to five direct reports.
With strong business acumen, critical thinking, and analytical skills, the incumbent develops detailed annual operating budgets in collaboration with senior management to uphold the Hospital's long-term financial stability and meet compliance with program directives and accountability agreements in a timely and accurate manner.

Primary Responsibilities

• Budgeting.
  • Coordinate month-end close process to ensure timely and accurate financial reporting in accordance with Public Sector Accounting Standards and MIS guidelines, including oversight of all account reconciliations, accruals, and adjusting entries.
  • Develop and maintain a central database of funding and service agreements to ensure dissemination of information to appropriate clinical areas and compliance reporting which is timely and internally consistent with budget, actual results, and statistical submissions.
  • Advise, train, and educate Hospital staff at all levels regarding budgetary planning, information systems, MIS standards, and data quality.
  • Work integrally with the Decision Support Unit and program managers to achieve higher levels of performance and improved patient care through focused use of strategic information, resource measurement, and evidence-based decision-making.
  • Liaise with multiple funding agencies (e.g., MOHLTC, TCLHIN, Foundation, etc.).
  • Lead external audits, including coordination of year-end audit working paper preparation and compilation of financial statements and note disclosures in accordance with GAAP as applicable to Hospitals.
  • Support clinical program areas in reviewing and analyzing monthly operating results and strategizing effective financial savings and controls.
  • Coordinate and submit all external reporting requirements of the various funding agencies (e.g., Ontario Health, Canada Revenue Agency, etc.), including but not limited to:
  • MIS Trial Balance compliance and reporting
  • HAPS and CAPS including schedules
  • SRI quarterly reporting of actual performance and forecast
  • SRI year-end reports reconciled with the audited results
  • T3010 Charity Information return
  • BPS Consolidation
  • Monitor emerging accounting standards and implement as required.
  • Develop and monitor internal controls to mitigate risk and ensure integrity and accuracy of financial information, especially as it affects Ministry reporting and funding.
  • Overall responsibility for the Hospital's financial systems including establishing and maintaining strong policies and procedures and communicating policy changes.
  • Responsible for the hospital's budgeting systems, Questica, lead the implementation and testing of new systems and system upgrades.
  • Support the Director of Finance with board reporting, analysis, and guidance to be used for strategic and operational initiatives.
  • Participate in the implementation and testing of new financial information systems and system upgrades.
  • Direct, mentor, and coach staff to work cohesively and develop professionally to function at their full potential.
  • Identify and recommend opportunities for increased efficiencies within the department and Hospital wide.

Secondary Responsibilities

• Respond to internal and external requests for information.
• Represent the Hospital on internal and external committees.
• Execute other duties as assigned by the Director of Finance.

Decision Making

• Global and programmatic funding allocation to appropriate operations.
• Interpretation and recommendations of analyses to support decision making.
• Workflow and policies, setting priorities for the functional area and ensuring cross-functional integration.
• Defining financial reporting system specifications.
• Human resource development including hiring, mentoring, discipline, and performance review.

Education

• Chartered Professional Accountant (CA, CMA, or CGA) designation coupled with a Degree in business or relevant program of study.
• Master's Degree in Business, Health Care Administration, or equivalent desirable.
• Expertise in financial planning, budgeting, and analysis.
• Expertise in financial reporting and control management.
• Demonstrated in-depth knowledge of Public Sector Accounting Standards for Not-for-profits.
• In-depth understanding of the current hospital funding models is desirable.
• Knowledge of MIS standards is desirable.
• Advanced MS Office skills- Word, Excel, PowerPoint, Access, Outlook.
• Knowledge of SAP financial reporting and Questica budgeting systems is desirable.

Experience

• Three to five years of experience in a related Finance leadership function, preferably in a hospital setting.
• Excellent organizational and time management skills, ability to prioritize and delegate.
• Exceptional interpersonal, communication, and collaborative skills with demonstrated ability to manage conflicting views from cross-functional groups.
• Exceptional problem-solving skills, negotiation, and conflict resolution skills.
• Evidence of superior customer service focus and ongoing professional development.
• Demonstrated good attendance and performance records with the ability to maintain these same standards.
• Good work and attendance record required.
• All employees of Michael Garron Hospital (MGH), a division of Toronto East Health Network (TEHN) (formerly Toronto East General Hospital) agree to work within the legislated practices of the Occupational Health and Safety Act of Ontario.
• All employees of MGH are responsible for contributing to a transparent culture of patient and staff safety by adhering to and abiding by patient and staff safety policies and procedures set by MGH.
• All employees are accountable for protecting the psychological health and safety of themselves and their co-workers through adherence to MGH's policies and practices.