Manager, Financial Planning and Budgeting

Manager, Financial Planning and Budgeting

Status: Full Time

Hours: Monday – Friday, 35 hours/week

Home Campus: Fennell (hybrid work arrangements available)

Rate of Pay: Payband 11 ($96,466 - $120,582 per year)

Posting Date: February 25, 2025

Closing Date: March 11, 2025 at 7:00 pm EST

We believe the rich diversity among our students and the communities we serve should be reflected within our workforce. As educators, we believe it is important to act and show leadership in advancing the principles of reconciliation, equity, diversity, and inclusion in our community.

Job Summary

Reporting to the Director, Financial Planning, the Manager, Financial Planning & Budgeting is responsible for leading the development of the College’s annual budget. This role involves creating comprehensive budget plans, coordinating with various departments, and ensuring alignment with institutional goals to ensure financial sustainability and strategic resource allocation.

The Manager will work closely with the Director to support account analysis related to financial statements, grant reporting, and financial analysis of other key institutional initiatives.

This position includes supervising a subset of Financial Planning Analysts within the Financial Planning department, ensuring their effective performance, mentoring, and fostering a collaborative and high-performing team environment.

What you’ll be doing:

1. Budget Development
   • Lead the process and preparation of annual operating budgets, including the preparation of informational memos to all staff.
   • Facilitate the allocation of direct costs to academic and non-academic areas.
   • Manage and analyze budgetary impacts, providing guidance and recommendations to senior leadership on mitigation and enhancement strategies.
   • Coordinate the preparation of the multi-year financial plan, identifying risks and opportunities to ensure long-term sustainability.
   • Coordinate with Financial Planning Analysts (FPA) to compile and present budget information including detailed speaking notes and appropriate backup information to the Budget Planning Committee, IP & IT Committees, Mohawk Executive Group (MEG), Audit, Finance & Infrastructure Committee (AF&I), and Board of Governors (BOG).
   • Work closely with budget holders to ensure data accuracy and integrity, investigating potential issues and providing timely solutions.
   • Develop excellent working relationships with internal stakeholders, providing financial expertise and analysis to support business objectives.
2. Financial Analysis, Research, and Reporting
   • Prepare ad hoc financial analysis in response to requests from financial managers, senior management, and external parties.
   • Analyze various scenarios for new initiatives and advise on financial implications to the budget, financial statements, and government funding.
   • Develop business cases for strategic initiatives and advises on the financial implications to the budget forecast, financial statements, impact to government funding and ministry financial health indicators.
   • Coordinate with FPAs to prepare reports, charts, and presentations on financial topics and projects, including detailed speaking notes and appropriate backup information.
   • Oversee the preparation and filing of required government reports.
   • Document processes and policies as assigned.
3. Operational and Financial Support
   • Advise & direct budget managers in the process of budget preparation, analysis, and interpretation of financial results, identifying risk areas.
   • Recommend and implement quality and efficiency improvements in all processes.
   • Act as a consultant for budget/chart of account guidelines to various internal committees and departments.
   • Collaborate with FPAs to ensure accurate and consistent financial information is communicated throughout the organization.
   • Train departmental staff in using internal technologies (i.e. Millennium FAST, Banner, etc.), including available reports and details.
4. Staffing and Team Leadership
   • Play a key role in the Financial Planning team, ensuring work-life balance, and overseeing the performance and development of assigned Financial Planning staff.
   • Mentor and educate staff on effective processes, controls, and best practices related to financial analysis.
   • Provide leadership and supervision to staff by determining work priorities and maintaining high performance through effective recruiting, selecting, developing, motivating, evaluating, and training of staff.
   • Work with Financial Planning Analysts to ensure cohesive teamwork and effective information sharing.

Other duties as assigned.

What you’ll bring to the role:

• An Honours Degree or equivalent in such disciplines as Business, Commerce, Finance, Accounting or a related field; or equivalent combination of education and experience.
• Chartered Professional Accountant (CPA) designation is required at the time of hire.
• 5 years of relevant work experience.
• Familiarity with Public Sector Accounting Standards.
• Advanced Microsoft Office skills in Word, PowerPoint, and Excel.
• Demonstrated competence with complex financial and statistical modelling and highly-developed analytical skills.
• Excellent written and verbal communication skills and well-developed problem-solving abilities.
• Demonstrated ability to present complex financial, statistical, and other information in a clear and understandable manner.
• Professional skills including the ability to develop and effectively deliver presentations to senior management.
• Demonstrated leadership ability and the capability to work well in teams.
• Demonstrated budget and financial planning experience.
• Broad knowledge of full-cycle accounting and strong technical skills.
• Supervisory experience including hiring, assigning work, evaluating performance, and professional development.
• Ability to clearly and consistently communicate sensitive, complex or difficult information across multiple levels and audiences.
• Experience in effectively communicating with internal and external clients at all organizational levels.
• Demonstrated commitment and understanding of human rights, equity, diversity, inclusion, and accessibility.
• The ability to communicate and work effectively with diverse students, employees, and communities.

What we offer:

• Progressive vacation plan starting with 22 vacation days per year plus holiday closure.
• Defined Benefit pension plan (CAAT) with contributions matched by Mohawk College.
• 93% top up of maternity and parental leave pay for 52 weeks.
• Annual employee performance incentive program.
• Comprehensive benefits package including health, dental, vision, paramedical services (massage therapy, acupuncture, naturopath, psychotherapy and psychology), short-term and long-term disability.
• Ability to take courses at a reduced rate for employees and dependents.

To find out more about working at Mohawk College, please visit this link.

We are committed to reconciliation and nurturing an inclusive, diverse, equitable, and accessible (IDEA) environment for everyone who learns and works at Mohawk College. We welcome applications from racialized persons, women, Indigenous people, persons with disabilities, 2SLGBTQIA+ persons, and others who may contribute to the further diversification of ideas.

The College is committed to fostering inclusive and barrier-free recruitment and selection processes. If you require accommodation during any stage of the recruitment process, please contact Human Resources.

To learn more about Mohawk College’s commitments, please visit the strategic plan webpage.