Financial Analyst, Financial Services

Required Position

Full-Time Appointment

Responsibilities

Vacancy Status: Existing position

Reporting to the Manager, Operations and Student Financial, the Financial Analyst position at Laurentian university is vital for ensuring the accuracy and integrity of financial operations, focusing on pension reconciliation, assignment contracts, UHIP, payroll differentials, and budget planning. This multifaceted role involves supporting the university's financial operations related to the commercial credit card program, budget monitoring, invoicing, and monthly financial oversight. The analyst is responsible for pulling and comparing reports to identify discrepancies, tracking expenditures, ensuring compliance with financial policies, and providing analytical support to various departments, including payroll and the International Office. While the position does not have direct supervisory responsibilities, it requires a high level of analytical skill and proficiency in accounting practices. Ultimately, the goal is to maintain balanced financial records and ensure that all financial data is accurate and reliable, contributing to the overall financial health of the institution.
 

Financial Operations Management:

• Serve as the main contact for the commercial credit card program, tracking spending, addressing inquiries regarding credit limits, and conducting analyses to aid decision-making.
• Manage ongoing central invoicing for the university, including tracking billing for utilities and supporting weekly check-runs for accounts payable and receivable.
• Oversee the management of Francophone grants, providing accounting support, reviewing new grants, and reconciling final reports for various granting agencies.

Budget Monitoring and Reporting:

• Monitor and track expenditures across various General Ledger (GL) accounts and funds, including trust accounts and special projects.
• Update the budget report with anticipated salary changes, identify surpluses or over-expenditures, and reconcile payroll charges with the general ledger.
• Liaise with departments to resolve budget-related issues and address discrepancies through journal entries as necessary.

Monthly Financial Oversight and Compliance:

• Oversee month-end closing procedures in the financial database, ensuring accurate and timely postings, and preparing financial grant reports for government agencies.
• Prepare monthly general entries and invoicing for research institutions, process refund requests and cardholder disputes through the Moneris payment processing system.
• Provide support for audits by conducting analyses and document retrieval.

Collaboration and Communication:

• Collaborate with various departments, including HR and the International Office, to facilitate informed decision-making and address any budget-related issues.
• Distribute payments to student associations and provide financial guidance to student leaders.

Additional Responsibilities:

• Review and authorize various accounting transactions to ensure accuracy and compliance with documentation standards.
• Participate in special projects aimed at improving processes and compliance, such as creating financial manuals and documentation.

Perform other duties as assigned.

 

Qualifications

• College Certificate or University degree  program in Accounting, Business, Finance, Economics, or a related field.
• Five (5) to seven(7) years of relevant experience
• CPA designation is an asset
• Proficiency in Accounting Software - Knowledge of accounting software and financial reporting tools is essential. This skill is applied when pulling reports for pension reconciliation, payroll differentials, and budget planning, ensuring accurate data analysis and reporting.
• Analytical Skills - Strong analytical skills are crucial for comparing financial reports and identifying discrepancies. This knowledge is applied during the pension reconciliation process, where the analyst must ensure that all financial data is balanced and accurate.
• Attention to Detail - A keen attention to detail is necessary to ensure that all financial transactions and reports are correct. This skill is particularly important when handling assignment contracts and UHIP, where precision is vital to avoid errors.
• Collaboration and Communication Skills - The ability to collaborate effectively with various departments, such as payroll and the international office, is essential. This knowledge is applied when exchanging information and coordinating efforts to resolve issues related to payroll adjustments and UHIP registrations.
• Problem-Solving Skills - Strong problem-solving abilities are required to address complex issues, such as reconciling discrepancies in financial reports. This knowledge is applied when analyzing bills from suppliers and ensuring that the data aligns with internal records.
• Understanding of Financial Regulations and Policies - Familiarity with financial regulations and university policies is important for compliance and accuracy in financial reporting. This knowledge is applied when ensuring that all financial practices adhere to institutional guidelines.
• Ability to work fluently (verbal and written) in both official languages, French and English, is required.

Applications are being accepted to fill an active vacancy within the University

***We are aware that some applicants are experiencing difficulty using our careers portal. Should you complete an application through our online form and receive an error, please submit your application to careers@laurentian.ca***

The official University hours of operation shall be from 9:00 a.m. to 4:30 p.m., Monday through Friday, during, and including, the months from September to April, and from 8:30 a.m. to 4:00 p.m Monday through Friday during and including May to August., amounting to thirty-three and three-quarter (33.75) hours per week. 

At Laurentian University, we recognize that work-life balance is essential for both personal well-being and professional success. Our policy offers employees some flexibility to better balance personal needs while maintaining effective service delivery.

Laurentian University is an inclusive and welcoming community committed to employment equity. Applications are encouraged from members of equity-seeking communities including women, racialized and Indigenous persons, persons with disabilities, and persons of all sexual orientations and gender identities/expressions. Laurentian University’s bilingualism policy provides a provision regarding the language requirement for persons self-identifying as First Nations, Métis or Inuit. 

Laurentian University is committed to providing an inclusive and barrier-free experience to applicants with accessibility needs. Requests for accommodation can be made at any stage during the recruitment process. Please contact Human Resources for more information (careers@laurentian.ca).

 

Apply Now

Applications will only be accepted through our online form.