Senior Financial Analyst

ABOUT US

The City of Spruce Grove is a fast growing, dynamic city committed to building and maintaining a fiscally responsible community that serves our residents, attracts visitors, and promotes future growth. The Values, We Live By are accountability, communication, leadership, integrity and respect are encouraged, while maintaining a work, play balance. The City of Spruce Grove is committed to public service, where everyone feels empowered to contribute their best work. We believe that by working together in a spirit of collaboration and respect, we can achieve great things. We are an organization that cares, an organization that is committed to our city and committed to you.

THE OPPORTUNITY

The Senior Financial Analyst is a new role within the Finance department and will support the Budget and Financial Planning team and overall organization. The role will be responsible for providing and performing analytical support to the financial sustainability framework within Budget and Financial Planning Finance Department, including conducting quantitative analysis, fiscal modelling and research supporting the City’s long-range fiscal planning, financial sustainability framework and related policies. Participate in cross-functional teams, working closely and in collaboration with other departments, including Finance, Engineering, Utilities, and Asset Management.

RESPONSIBILITIES

1. Financial Analysis & Planning: Work in partnership with the Controller - Budget and Financial Planning and be the lead analyst in the development and maintenance of complex financial planning and forecasting, such as asset lifecycle plans, utility rate plans, cash management models and funding strategies. Long-term financial planning and forecasting - financial analysis, monitoring and forecasting specific tasks in the preparation of the annual municipal operating and capital budgets, utility operating budgets, asset management, and departmental reporting; providing recommendations. Play a key role in the development and maintenance of a strategic and sustainable long-term financial plan.
2. Budgeting and Forecasting: Work in partnership with the Controller and Assistant Controller - Budget and Financial Planning in the development and execution of the budgeting process. Evaluate proposed capital expenditures and investments and provide recommendations on funding strategies. Assist the Controller with the development of new corporate process efficiency improvements; continuously standardize and improve the budgeting and forecasting processes. Provide financial support in maintaining long-range financial plans providing a 10-year capital plans, and long-term financing strategies, reserve fund management and debt management.
3. Investment and Cash Management: Provide leadership, expertise, and stewardship in the investment and cash management for financial securities, investment and borrowing decisions. Prepare and analyze regular cash flow projections for the City. Manage and invest cash surpluses in compliance with the City’s Investment policy. Manage debt including preparing borrowing bylaws, budgeting for debt within the long-term financial plan, and transacting approved debt borrowings. Prepare related regular financial reports, including monthly, quarterly, and annual financial statements, to support internal and external reporting requirements. Analyze financial data to identify trends, challenges, and opportunities, presenting findings to the Director of Finance and other senior leaders. Prepare briefings and presentations for senior management and reviewing reports for Council and Committee.
4. Asset Management Support: Leading in the finance role, collaborate with cross-functional teams in the development, evaluation, optimization, and ongoing maintenance of the City’s related asset life cycle plans, integrating inputs from department budget owners. Maintain the annual financial asset life cycle plans and coordinate the review and update of the plans and the related annual budget transfers and adjustments.
5. Budget & Financial Planning (organizational) Support: Provide support to the Controller on development of policies and procedures that encompass sound business and financial processes and internal controls including process reviews and business process analysis. Work collaboratively with the Assistant Controller - Budget and Financial Planning on joint initiatives. As a senior member of the team, provide coaching to members of the financial planning team. Assist in maintaining the integrity of information in the financial systems and ensuring adherence to financial controls.

QUALIFICATIONS

1. Chartered Professional Accountant designation.
2. Bachelor’s degree in finance, Accounting, or related field of study.
3. Minimum of Seven (7) years of progressively responsible experience in accounting, financial analysis, operating and capital budgets, and strategic planning in the public sector environment.
4. Knowledge of the Municipal Government Act and legislation impacting municipal financial planning, developer charges, utility rate analysis, asset management planning.
5. Knowledge of municipal financial reporting standards, procedures, and compliance requirements including Public Sector Accounting Standards (PSAB).
6. Comprehensive knowledge of treasury functions, including cash management, liquidity analysis, and risk management.
7. Familiarity with financial instruments, such as derivatives.
8. Strong analytical and critical thinking and problem-solving abilities to analyze data, identify problems and recommend solutions.
9. Proficiency in using financial modeling tools and Excel for scenario analysis.
10. Excellent written and verbal communication skills to convey financial information clearly to both financial and non-financial stakeholders.
11. Proficient in using financial software and tools, with a keen interest in leveraging technology to improve financial processes.
12. Ability to work in a fast-paced work environment, with multiple projects/tasks concurrently, with priorities often shifting.
13. Ability to work in a team environment and independently.

ASSET QUALIFICATIONS:

1. Special consideration will be given to those who hold: Budget collaboration and reporting systems; experience with Questica software.
2. Municipal government finance experience.
3. Utility rate modelling experience.
4. An equivalent combination of education and experience may be considered.

COMPETENCIES:

1. Thinking & Acting Strategically - sees beyond current situation, understands impact, creates alignment, links priorities to strategy, advises.
2. Building Influential Working Relationships - able to effectively build relationships with a wide range of partners internally and externally to the organization.
3. Optimizing Performance & Results - knows and understands how to set and achieve results, they build accountability with their teams, and maximize their team’s performance. They strive to improvement performance through innovation, while continually assessing risk and inspiring others.
4. Growing Talent & Workforce Capacity - fosters an inclusive workplace, and builds a learning culture that pursues continuous growth, and builds capacity within teams.
5. Fostering Innovation & Steering Change – able to identify issues, stimulates creativity, remains on the leading edge, and is agile in change management.
6. Politically Astute – knows and understands legislative and regulatory processes and has an intuitive ability to read the political implications of recommendations and actions; prepared to guide and mentor City leadership with solid and informed recommendations.

CONDITIONS OF EMPLOYMENT

• Criminal Record Check Clearance.

NEXT STEPS

All applications are to be completed online. Visit our website at https://www.sprucegrove.org/careers

Only candidates selected for further consideration will be contacted.

WHY WORK FOR US?

• Competitive annual salary
• Pension
• Medical & Dental Benefits
• Life Insurance
• Wellness Initiatives
• Work/Life Balance
• Recognized General Holidays
• Leave Options
• Flexible Work Arrangements
• Perks
• Positive Work Atmosphere
• Employee Awards
• Volunteer and Fundraising Opportunities
• Professional Development

Company: City of Spruce Grove

Location: Corporate Services - Finance - Accounting and Treasury - Accounting and Reporting

Opening Date: Aug 21, 2024 12:30 PM