for the efficient and effective delivery of financial and management advisory
services to all ABC departments. Develops budgets for ABC’s financial plan and
is responsible for timely and accurate financial and statistical reporting for
expenditure control, asset management and performance evaluation. Helps with
strategic and business planning.
JOB MAGNITUDE (Annualized):
Total Company ABC Staff: 1,000
Total Budget $60M
Financial Management Advisors report to the Director of Finance.
are no subordinates reporting to this position.
NATURE OF WORK AND JOB SCALE:
environment is constantly changing with the centralization of departments and
services. Finance is therefore under significant pressure to consolidate the
financial information from all of ABC’s departments. Financial accounting
systems and policies and the procedures differ between departments, requiring
additional work to consolidate.
coordinates, develops and implements financial strategies and policies.
and implements all operating, capital and revenue budgets for all departments
within the area of responsibility. The information produced forms the basis for
ABC’s financial plan.
monthly financial reports are accurate and timely.
as a resource for all managers with respect to department costs, budgets,
financial reporting and investment issues.
each department within the area of responsibility determine their annual
operating expenditure requirements and conduct financial analyses. Develops
and provides productive and accurate decision assist tools for managers that
include budget, reporting, costing, operations, forecasting and activity based
requests from departments for cost allocation and budget revisions.
the financial report preparation and budgeting process in order to increase
operational efficiency, enhance internal controls and provide accurate
information to managers.
internal controls, business processes, and service viability and provides
recommendations to departments on these items.
as the Finance representative on working groups and committees.
a workload of special projects. Instructions are in general terms with
specifics determined by the incumbent.
financial reports, analyzes financial results, plans financial strategies, and
utilizes specialized accounting and auditing skills to solve the complex
ongoing financial management skill development to departments.
education seminars at all levels of the organization.
regular meetings regarding Finance issues are held with all managers.
the Director is apprised of ABC’s financial operations, developments and
the activities of Finance staff for special projects.
to develop both ABC’s finance objectives, goals and policies. This includes
facilitating and coordinating the planning process within the Department of
a sound understanding of ABC’s union contracts and human resource policies and
procedures when carrying out assignments and responsibilities. One example is
the need to quantify the financial impact of proposals on ABC’s budget during
to design, implement and maintain the integrated financial reporting system.
contracts that involve significant financial commitments for ABC and assists
all stakeholders with drafting contracts.
and evaluates the financial impact of acquisition and/or divestiture proposals
and makes feasibility recommendations to managers. Proposals are typically
strategic and long-range and have major impacts on the operations and budget of
ABC. An example would be considering a joint venture with a third party
business and how the venture would be funded.
current with techniques for financial analysis/reporting and evaluates the
possible benefits of these techniques for ABC.
as a change agent in a dynamic organization characterized by competing agendas,
constant change and scarce resources. The incumbent must establish
collaborative working relationships with all managers be able to diplomatically
interact managers who feel their department is, or will be adversely affected
through the budget process.
to meet strict deadlines and respond to frequent requests for financial
information with little or no notice. The challenge is to produce quality
outcomes in light of these constraints. The ramifications of inaccurate or
incomplete information can be significant.
in a large and complex organization is a major challenge. The incumbent must
promote a healthy and pro-active workplace climate, good public image &
and long-range planning is a major challenge given the rapid pace of ABC’s
requests are not solved using a structured method. The incumbent must determine
the appropriate action, given the available resources.
challenge is developing a cost-conscious attitude. This would result in the
most efficient and effective use of resources throughout ABC.
incumbent must build, support and meet expectations of a diverse client-base,
including managers, vice presidents, the CEO and the Board.
incumbent has frequent contact with all levels of management.
incumbent has frequent contact with Labor Relations and payroll to discuss
financial implications of union contracts and out-of-scope benefits policies.
incumbent works with external consultants on projects.
position has contact with the IRS and Treasury Department for rulings and
queries regarding taxes.
coordinates and develops short and long-term operating, capital and revenue
budgets and financial reporting and forecasting systems. Provides sound
financial advice and analysis to all levels of management during the
development of their operating plans.
procedures and work processes pertaining ABC to financial matters.
analyses, develops and improves budgeting and financial reporting systems and
financial policies and procedures.
acquisition and/or divestiture analysis on proposed activities.
that ABC assets are safeguarded by applying the appropriate internal controls
that are tested through audits.
education seminars to all managers on budgeting, accounting and payroll.
professional growth and acts as a role model to help others achieve their
career goals and objectives.
effective communication to managers regarding financial issues.
that ABC follows the appropriate tax law by interpreting tax legislation.
a normal office environment.
for extended periods of time in front of a computer is common. Results in
repetitive strain on the neck and back.
between various department and facilities is common.
continual concentration and attention to detail. Errors are not easily
detected and can have a major impact on use of ABC’s resources.
position operates under strict deadlines and stress from deadlines is
frequent. Interruptions to workflow are common and add to stress. The
incumbent must adjust hours of work on a weekly or daily basis in order to meet
changing and complex environment coupled with limited resources requires
effective stress management skills as well as leadership skills in order to
maintain quality client service.
Accounting Designation and four years experience in a senior financial
working knowledge of database software, spreadsheet applications and word
verbal and written communication skills.
organizational skills, including planning, prioritizing and overseeing numerous
interpersonal and presentation skills.
analytical and project management skills.
working knowledge of Generally Accepted Accounting Principles and Generally
Accepted Auditing Standards.