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Senior Financial Analyst

Position Details

Position Information

Position Title Senior Financial Analyst
Who We Are
At BCIT, putting people at the core of everything we do is paramount. This idea is the foundation of BCIT’s People Vision, which describes the Institute’s goals and priorities in respect to our people. In a complex and uncertain world, it’s vital our people feel valued, supported and connected. BCIT champions a culture of innovation and global progress through people’s imagination and creativity. With a competitive compensation package, great work-life balance, and career advancement opportunities, see why we’ve earned the title of one of BC’s Top Employers for over ten years running.
Position Summary
BCIT’s Financial Services department is seeking a temporary, full-time (1.0 FTE) Senior Financial Analyst. This position works with and provides technical support to BCIT managers and the Manager, Payroll, Budgets and Analysis on the development and review of consolidated budgets, forecasts, analysis and reports. The position prepares and analyzes complex budgetary data, reviews and processes budget transfers, promotes new efficiencies and innovation within budgetary and forecasting process, and assists in the coordination of the Institute’s budget process.
Duties & Responsibilities
KEY ACCOUNTABILITIES:

  • Liaises with Operating Unit Managers (OUMs) and other internal stakeholders on budget, cost issues, and Institute budgetary policies and procedures; responds to requests, problem-solves, and prepares a variety of financial reports.
  • Performs ongoing analysis of salary accounts and operating budgets and performs budget transfers as needed.
  • Maintains position control number (PCN) system; reviews and approves requests for PCNs and ensures correct coding, approval and budget allocation.
  • Assists in testing changes to the financial database, including analysis of data integrity.
  • Reviews, approves and processes departmental budget change requests.
  • Supports the budget process: Assists OUMs with budget preparation and analysis, evaluates OUM submissions, reviews revenue, salary, and non-salary change requests to ensure reasonableness.
  • Compiles monthly consolidated forecast data for the operating and restricted funds, analyzes, summarizes and reports significant variances to the Manager, Payroll, Budgets and Analysis.
  • Assists in the coordination of the forecasting process by communicating timelines, requirements and technical updates.
  • Liaises with Information Technology Services (ITS) and the TM1 project team to ensure on-line systems and reports meet the needs of the internal stakeholders.
  • Develops and delivers training for managers and groups on campus to promote understanding of the budgeting and forecasting process.
  • Processes quarterly budget and forecast review by preparing analysis for review based on actuals, budgets and projections prepared by the OUMs.
  • Reviews budget-related and position control functions and recommends procedural and policy changes as deemed necessary.
  • Reviews, with the OUMs, anomalies in monthly revenues and expenditures (for all funds) and obtains explanations, and discusses possible solutions and preventative measures
  • Verifies availability of funds, compliance with spending guidelines, and appropriate signatory for financial transactions.
  • Trains new systems users and provides ongoing technical support to internal clients on the reporting systems.
  • Reviews, processes, and maintains month-end restricted funds transactions and discusses possible resolutions and preventative measures.
  • Reconciles operating budget and prepares budget upload financial information.
  • Reviews requests for the creation of restricted funds; ensures documentation and recommendations are in place.
  • Assists OUMs with annual budget development by providing guidance on completing the variance analysis and updating TM1 with corresponding budget adjustments/allocations.
  • Participates on internal and working committees related to budget and records and compiles budget information as required.
  • Assists in preparing the consolidated annual budget and quarterly forecast via reconciliation of budget and forecast submissions received from the OUMs.
  • Assists in preparing and creating payroll reports to aid management and provides ad-hoc reporting as required.
  • Assists with maintaining and reconciling payroll data elements to the budget to ensure consistency of application and calculation.
  • Reviews requests for salary budget transfers and creation of new PCNs; ensures adequate payroll documentation is established.
  • Ensures approved initiatives and annual budget are properly recorded and reconciled in TM1 and Banner.
  • Initiates discussions on budget, forecast, position control or restricted fund problems/concerns with the Manager, Payroll, Budgets and Analysis.
  • Acts on behalf of the Manager, Payroll, Budgets and Analysis during absences as appropriate.
Qualifications
QUALIFICATIONS:

  • Completion of the Chartered Professional Accounting (CPA) program.
  • Three to five years’ experience in a similar position that includes analytical analysis, financial statement reporting, budget development, forecasting, and capital fund accounting.
  • A combination of education and experience may be considered.
  • Familiarity with Enterprise Resources Planning (ERP) systems such as Banner.
  • Proven ability to adhere to Generally Accepted Accounting Principles (GAAP) and standards and to make objective, informed recommendations.
  • Excellent communication skills and demonstrated ability to work with personnel at all levels within a complex organization.
  • Must be detail-oriented with demonstrated critical thinking and creative problem solving skills, initiative and professional judgment.
  • Must be a self-motivated team player with demonstrated ability to work to tight deadlines, and handle multiple and changing priorities.
  • Intermediate level of Microsoft Office applications.
Additional Information
Benefits – Why you’d love working with us

  • Competitive pay
  • Minimum of twenty-five days of vacation
  • Competitive employer-paid extended health and dental plan – take a look at our benefit plans!
  • Defined benefit pension plan with employer contributions
  • Flexible hybrid work arrangements available
  • Professional Development funds and resources
  • Access to most BCIT Flexible Learning courses free of charge
  • Wellness and Employee Assistance programs
  • Complimentary membership with free access to the Fitness Centre, Gymnasium, and more


BCIT values diverse experiences, ideas, cultures and perspectives and is committed to fostering a diverse and inclusive workplace. As an equal opportunity employer, we encourage applications from members of all groups experiencing barriers to equity. If you require accessibility accommodations during any part of the application or hiring process, please contact RecruitmentAssistant@bcit.ca so we can best support you. Please note that all applications must be submitted via the careers page portal, email applications will not be accepted.

The British Columbia Institute of Technology acknowledges that our campuses are located on the unceded traditional territories of the Coast Salish Nations of xwməθkwəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səl̓ilwətaɁɬ (Tsleil-Waututh).
Position Details

Posting Category Management
School/Service Area Financial Services
Campus Location Burnaby campus
Bargaining Unit Management
Job Status Temporary
Full-Time/Part-Time Full-Time
Number of Vacancies 1
Anticipated Start Date 10/03/2023
Anticipated End Date 03/31/2024
Competition Information

Competition Number 23M98
Competition Open Date 07/01/2023
Competition Close Date
Open Until Filled? Yes
Quicklink for Posting https://careers.bcit.ca/postings/7334

Supplemental Questions

Required fields are indicated with an asterisk (*).

  1. * What is the highest level of education attained?
    • GED
    • High School Diploma
    • Certificate
    • Diploma
    • Associates Degree
    • Bachelors Degree
    • Masters Degree
    • PHD
  2. * How many years of experience do you have in this type of position?
    • 0-1
    • 1-2
    • 3-5
    • 6-9
    • 10+
  3. * What is your salary range expectation?

    (Open Ended Question)

  4. * All positions at BCIT require on campus presence at the applicable campus location(s). This means the successful candidate must be able to and willing to relocate to the Lower Mainland. Please select from the following that best describes your situation:
    • I currently reside in the Lower Mainland
    • I do not currently reside in the Lower Mainland, however I am willing and able to relocate if found to be the successful candidate
    • I do not currently reside in the Lower Mainland and I am unwilling to relocate

Documents Needed to Apply

Required Documents
  1. Resume
  2. Cover Letter
Optional Documents