Saturday , January 28 2023

TTC Jobs – Financial Analyst

Website Toronto Transit Commission

Job Description:

Reporting to the Manager, Costing & Financial Modelling, this role will provide dedicated support for Transformation or Corporate Costing Initiatives by leading and/or supporting the financial analysis of various operational, corporate and procedural efficiency opportunities. This role will be responsible for ensuring that the financial analysis, costing and business case methodologies are consistent with industry and organizational best practices, taking into account the unionized environment in which the TTC operates. The role will also participate in discussions, analyses, and preparation of materials for transformation initiatives and collective bargaining negotiations).

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Job Responsibilities:

  • Develops financial summaries for TTC Board Reports, including identifying current and future financial impacts associated with report recommendations, reviewing Financial Summaries with Finance, BTO and other senior management, and obtaining all necessary approvals
  • Assists with the preparation of various presentations, briefing notes, reports or other documentation as it relates to transformation/costing initiatives
  • Meets with senior management and/or departmental budget representatives to obtain required information to complete costing for current state and future state
  • Works with the BTO (Business Transformation Office), Finance sponsor business departments and/or external consultants to develop comprehensive business cases to assess the financial feasibility of proposed initiatives s, including data / financial analysis & modelling, data visualization, analyzing multi-year financial projections and results, developing reports and presentations of financial results, and generating clear insights to support Senior Management’s strategic and operational judgement, choices and conclusions
  • Provides specialist expertise, consultative advice and oversight over external consultants, when engaged, that are developing business cases that evaluate cost efficiency opportunities
  • Identifies and develops solutions to resolve financial and service information gaps to ensure current and future state costing are representative of the total cost current state delivery, and financial analysis of current state versus future state is based on comparable service scope and standards
  • Conducts comprehensive analyses of departmental and non-departmental data and inputs to build accurate and holistic current state baselines of the opportunities being assessed, including current state service delivery costs, service standards and historical performance metrics
  • Prepares monthly reports detailing project forecasting and anticipated savings / cost avoidance as a result of in progress and planned initiatives
  • Responds to related inquiries from senior management, Corporate Communications, the City’s Financial Planning division and others if needed

Job Requirements:

  • Ability to manage competing priorities and demands in a rapidly changing environment
  • Experience with establishing current state service delivery costs, cost drivers, service standards and performance metrics
  • Excellent strategic, lateral thinking, planning, analytical, and problem solving skills with the capacity to effectively plan, develop, implement and evaluate complex administrative and operating systems
  • Able to work in an environment with a high degree of uncertainty and work strategically to move projects forward, demonstrating adaptability and creativity
  • Able to synthesize complex financial issues into operational settings and work with stakeholders across the TTC in a collaborative fashion to achieve project success
  • Proven excellent written and verbal communication skills, including writing reports and delivering presentations with complex financial and technical information to senior leadership teams
  • Strong ability to identify and articulate incremental and full allocated costs of various initiatives and corporate actions under consideration
  • Experience in a unionized environment and/or transit industry, including sound knowledge of collective bargaining agreement provisions, premiums and benefits
  • Knowledge of and experience with Public Sector Accounting Standards is an asset
  • Ability to lead and develop complex business cases, cost estimate and vendor pricing assignments, with multiple scenarios, service standards options, and input uncertainty
  • Tactfulness in approach, especially when working with senior management, executive, and staff
  • Demonstrated work experience with SAP is preferred
  • Project related experience including knowledge of and experience with critical path management, benefit realization and risk management
  • Experience with business cases, financial modelling, cost estimation and benefits realization principles, methods, and techniques, specifically evaluating total cost of ownership from numerous perspectives (variable vs. fixed costs, direct vs. indirect costs, operating vs. capital costs, one-time vs. ongoing costs, cost savings vs. cost avoidance)
  • Ability to handle confidential and sensitive information

Job Details:

Company: Toronto Transit Commission

Vacancy Type:  Full Time

Job Location: Toronto, ON, CA

Application Deadline: N/A

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