Financial Analyst

Requisition : 45759

Organization

Located on the traditional, ancestral and unceded lands of the xʷməθkʷəy̓əm (Musqueam Indian Band), Sḵwx̱wú7mesh Úxwumixw (Squamish Nation), and səlilwətaɬ (Tsleil-Waututh Nation), Vancouver has a commitment to becoming a City of Reconciliation. Vancouver consistently ranks as one of the world’s most liveable and environmentally sustainable cities. Named among Canada's Top 100 Employers, BC's Top Employers, and Canada's Greenest Employers, the City of Vancouver seeks colleagues who can help shape and embody our core commitments to sustainability, reconciliation, equity and outstanding quality of life for all residents.

Consider joining our committed team of staff and being part of an innovative, inclusive and engaging workplace. Working at the City of Vancouver and within the public service can be a rewarding career where you play a key role in ensuring impartial and equitable access to services, upholding ethical governance, and addressing the needs of citizens with integrity and dedication.

Main Purpose and Function

The Financial Analyst I plays a leadership role in the delivery of Corporate Financial Planning & Analysis functions within Capital processes. This exempt position involves working closely with Departmental FP&A as well as various Senior Staff members throughout the organization.

More specifically, this role is responsible for a variety of duties including, but not limited to, coordinating, analyzing and monitoring the City’s annual Capital budget, developing and refining budget policies and strategies, making recommendations to improve processes and systems related to capital budgeting, working with large amounts of data and using logic to produce our various monthly and quarterly reporting packages, analyzing quarterly and month reporting results from departments and providing feedback and recommendations, monitoring and analyzing departmental expenditures, implementing approved budgetary changes and analyzing complex budgetary information, analysis and review of value-for-money proposals, and provision of project management or assistance with FP&A initiatives.

This position also involves assisting departments in resolving financial issues and providing consultation on corporate initiatives with budgetary impacts.

Another key component of the position includes project work to deliver general process improvements, including designing, planning, coordinating, and implementing assigned projects.

Specific Duties/Responsibilities

Budgeting, Reporting and Forecasting:

• Play a leadership role in budget processes and timelines
• Develop and maintain all necessary financial models
• Consolidate departmental submissions, review and make recommendations as well as report results
• Work with departmental FP&A and operational staff to conduct comprehensive reviews of budgets and forecasts to identify funding needs and opportunities for savings
• Preparation of Council reports and presentations to Senior Managers, City Manager, CLT, and Council
• Conduct financial, cash flow and economic impact studies of expenditure programs, and report on findings
• Analyze budgets, performance indicators, business plans and on-going financial results
• Develop, analyze, and review value-for-money proposals for departmental projects/initiatives, including cost benefit analysis to justify spending and quantify impact on budgets and forecasts
• Manage relationships with departments and external organizations if applicable
• Make recommendations to improve the value-for-money of proposed and ongoing capital projects
• Make recommendations to prioritize capital projects and manage overall capital spend
• Make capital funding recommendations

Concurrences e.g., Council Reports and Shopping Carts/Procurement:

• Validate standing authority and policies as they relate to the Council report and Shopping Carts
• Review Council report for operational and strategic alignment with City objectives
• Validate financial implications and funding sources
• Provide concurrence on report and recommendation for approval of shopping cart

Process Improvement Projects:

• Identify existing areas in the budgeting, forecasting, reporting and Council…