Senior Financial Analyst, Research Grants (Internally known as a Finance Partner)

Location
Toronto (City), Ontario
Salary
To be determined
Posted
April 25, 2024
Closes
May 25, 2024
Job Sectors
Healthcare
Job Type
Full-time
CPA status
CPA Member

Senior Financial Analyst, Research Grants (Internally known as a Finance Partner)
(Hybrid Work Model - Full-time)

 

Position Description
Working at The Hospital for Sick Children is not just a job - it's a career. Our Staff are our greatest strength as they form
our vision, carry out our mission and represent our values.
The Finance Partner position in Research Awards and Financial Services will report to the Grants Management Office
Manager or Controller and will be part of a team responsible for approximately $200 million in annual grant revenues.
The successful candidate will build working relationships with World Renowned Principal Investigators and Scientists
and manage their financial grant portfolio as their main point of contact for post-award grant operations and will
perform grant related post-award functions which include financial reporting, compliance and expense analysis,
budgeting, forecasting, and financial planning.
Perks include a flexible hybrid/work from home model, comprehensive health benefits, wellness programs, peer
support, etc.

Here's What You'll Get To Do:

  • Build working relationships with World Renowned Principal Investigators and Scientists and manage their financial grant
    portfolio as their main point of contact for post-award grant operations.
    Your portfolio will include up to 50 Principal Investigators and Scientists, with up to 300 grant projects.
  • Perform expense analysis, financial reporting, reconciliations, monitoring, financial planning, budgeting, compliance,
    scheduled meetings and associated communications with granting agencies for their assigned portfolio.
  • Manage, prepare and analyze financial reporting, invoicing of portfolio in Canadian and Foreign Currencies. Evaluate spending
    in comparison to budget, to ensure compliance and provide variance analysis.
  • Constantly review assigned portfolio to assess the status of ongoing grants and the burn rate of the grants to evaluate
    funding requirements and potential deficiencies. Summarize and assess financial forecasting to compare to research
    budget allocated for operational funding.
  • Communicate and report potential funding deficiencies in a timely manner to the Principal Investigators and Scientists,
    Research Institute and Senior Management.
  • Required to collaborate with HR, Legal, Grants Management Office, Principal Investigators, Core Facilities, and Lab
    Animal Services to implement any required cost cutting measures including staffing levels.
  • Prepare grant closeout functions required by the Grants Management Office and external agencies including
    reconciliations, final financial reports, final invoices, and zeroing out budgets.
  • Review general ledger transactions and grant contracts for compliance with related accounting, SickKids and agency
    regulations.
  • Prepare accurate and complete journal entries and supporting documentation to audit standard and review journal
    entries prepared by administrators for the same.
  • Present recommendations for procedural and work-flow efficiencies in the Grants Management Office. Assist with planning
    and conducting initiatives and relevant training.
  • Supports the Research Institute in education and training of Principal Investigators and administrators by assessing
    needs and resolving issues of the Principal Investigator related to grant accounts and analysis and support for grants.
  • Other duties as assigned.

Here's What You'll Need:

  • Bachelor's Degree in Accounting, Finance or Business Administration.
  • Completion of a Canadian recognized accounting designation (CPA). Must be active and in good standing.
  • 3+ years accounting experience preferably with grant management or non-profit experience.
  • Knowledge of Canadian GAAP, accounting, bookkeeping, laws, regulations, agency policies and guidelines, other requirements that affect grant program administrators.
  • Ability to design, analyze, and prepare financial statements, invoices and reports.
  • Ability to monitor expenditures and maintain data and prepare forecasts and projections.
  • Excellent verbal and written communication skills.
  • Strong interpersonal skills and ability to interface with Principal Investigators, granting agencies, external auditors
    and all levels within the Research Institute.
  • Must be self-motivated, proactive, and have demonstrated excellence in organizing and prioritizing workload in a fast
    paced and high-volume environment.
  • Strong analytical skills, knowledge and skill in applying analytical and evaluative techniques to the identification and
    resolution of grant administration issues.
  • Highly computer literate with advanced knowledge of MS Excel and MS Office Suite.
  • Knowledge of PeopleSoft is an asset.
  • Demonstrated commitment and actions in advancing equity, diversity and inclusion objectives.

Employment Type: Full-Time with benefits, Hybrid Office/Working from home arrangement.

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