Infrastructure Ontario (IO), an Ontario crown corporation, provides a wide range of services to support the Ontario government’s initiative to modernize and maximize the value of public infrastructure and realty. IO has been recognized domestically and internationally for the way it does business and the success it has had with its major projects, real estate services, infrastructure lending, commercial projects, and development mandate. IO delivers some of the most complex, ambitious commercial and land development solutions for the Province and continues to evolve and expand its capabilities to maximize its public impact and deliver on its vision of creating a connected, modern and competitive Ontario.
Infrastructure Lending
Our Loan Program has helped support more than $18 billion in local infrastructure investments across Ontario. It provides affordable, long-term financing to public sector clients, allowing them to modernize and renew their infrastructure.
We have helped hundreds of clients deliver thousands of community projects in all parts of the province. Our Loan Program has been used to revitalize roads and bridges, build new recreation centres and affordable housing units, and purchase equipment like fire trucks and energy-efficient streetlights.
We tailor our loans to meet the unique needs and complex development challenges of municipalities, housing providers, universities and other eligible public sector clients. All borrowers within each sector share the same affordable rates and benefits of the Loan Program regardless of their size or location.
Each loan is different but its impact is the same: efficient, healthier and more prosperous communities across Ontario.
Reporting the Manager, Financial Reporting, the Senior Financial Reporting Analyst we are seeking a candidate to operationalize the financial statement reporting process for the General Real Estate Portfolio, ensuring timely and accurate quarterly and annual reporting. The role includes enhancing supplementary financial reporting, providing insights and variance analysis, and supporting the Financial Reporting Manager in maintaining internal controls. Responsibilities also involve updating financial process narratives and supporting the CEO/CFO Certification process.
What You Will Do:
- Contribute to the development and enhancement of the financial reporting process, identifying opportunities for improved accuracy and efficiency.
- Prepare timely and accurate quarterly and annual financial reports in compliance with Public Sector Accounting Board Standards (PSAB).
- Generate supplementary financial reports, including Management Discussion and Analysis (MD&A), with clear commentary on financial results and variances.
- Review and record key activities and transactions, ensuring proper accounting treatment in the General Ledger (GL) based on relevant standards.
- Support the implementation of new accounting standards, coordinating with various stakeholders to assess financial impacts.
- Prepare financial statement binders and maintain a financial close calendar, ensuring timely reporting and compliance.
- Create management reporting packages with insights and variance analysis for revenue and expense categories, aligning with financial metrics from the FP&A team.
- Maintain process control narratives for CEO-CFO certification, coordinate internal audits, and ensure the accuracy of journal entries and reconciliations.
Who We’re Looking For:
- Knowledge of financial accounting policies, internal control and financial reporting systems
- Proficiency in the Microsoft Office suite, with extensive experience using Excel
- CFA, CPA an asset
- Knowledge of Canadian Public Sector Accounting Standards
- Experience in real estate is an asset
What we offer:
- Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
- A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
- A defined contribution pension plan, where IO contributes the equivalent of 5% of a full-time employee’s annual salary, with an option for IO to match an additional 5% contribution made by the employee. IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future.
- A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.
- A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 95% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks.
- Access to our $1000 Healthcare Spending Account to top up expenses not covered in the benefits program and a Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for fitness equipment, nutrition counselling or financial planning.
- Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being. IO will also cover the costs associated with up to two membership and licence fees per year for eligible colleagues if directly related to the employee’s role.
- Access to a suite of virtual healthcare options to support non-urgent medical needs
This posting will close on October 25th 2024 at 10 am EST.
The salary range for this position is $71,300 to $107,000 with a corresponding job level of P3
Exact compensation will vary based on skills, knowledge and experience
Interviews will be conducted on a rolling basis until the position is filled.
After reviewing the qualifications listed above, we want you to know that we understand you may not meet all the qualifications described, but still encourage you to apply, as you may have other relevant expertise and experience that you can bring to the role.
At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging. We believe that experience comes in many forms and through learning from each others’ differences and perspectives gives us strength. We are committed to enhancing our culture and encourage applications from all walks of life. Let us know if you require any accommodations for the selection process, by contacting the Talent Acquisition Team.
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience will be taken into consideration as applicable to the posted position.
By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process. Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so. Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data.
