Senior Financial Analyst

About The Salvation Army

Mission Statement

The Salvation Army exists to share the love of Jesus Christ, meet human needs and be a transforming influence in the communities of our world.

Vision Statement

We are an innovative partner, mobilized to share hope wherever there is hardship, building communities that are just and know the love of Jesus.

Core Values

The Salvation Army Canada and Bermuda has four core values:

Hope: We give hope through the power of the gospel of Jesus Christ.

Service: We reach out to support others without discrimination.

Dignity: We respect and value each other, recognizing everyone’s worth.

Stewardship: We responsibly manage the resources entrusted to us.

About the Position

The Senior Financial Analyst is responsible for the review and analysis of financial reports of ministry units within an assigned group.   The Senior Financial Analyst will assist with financial planning and budgeting processes, analyze financial statements and reports for ministry units, prepare projections, and perform additional research and analysis as required by the Finance management team.   The incumbent will supervise, coach and mentor the Financial Analysts on the Ontario Finance Team. The successful candidate must be a self-motivated professional with extraordinary interpersonal skills and demonstrated success in working collaboratively and strongly influencing the overall program within The Salvation Army.

Participates in the financial reporting process:

• Analyze the financial statements of ministry units and make recommendations for improvement of the financial health
• Provide advice and support to all ministry units of financial systems (Shelby, Business World, TEM), especially to new finance personnel in the division
• Act as a financial reporting resource for Ministry Units; follow up concerning complex outstanding accounting issues and ensure they are compliant for Territorial consolidation
• Ensure ministry unit compliance with Salvation Army operating policies, standards and best practices as established by THQ
• Provide support to Ministry Units as questions arise from the  preparation of the annual registered charity information return (T3010A)
• Complete account reconciliations and prepare complex journal entries for authorization prior to submission for input into the financial system.
• Review periodic external funding reports for ministry units prior to organizational approval.
• Monitor ministry unit working capital reserve numbers and aid ministry units with reserve plans.
• Liaise with financial accounting staff, where needed, for proper accounting treatment, including support provided as part of year-end closing procedures.
• Contributes to the development and ongoing assessment of benchmark financial health indicators for appropriateness, recommending adjustments and additional measures as required.
• Review year-end statements for ministry units and recommend adjustments as needed, review year-end draft external audits for completeness prior to finalization.

Coordination of budgeting and planning process:

• Participate in the annual budget preparation by reviewing the appropriate documentation and liaising with ministry units in the areas of budgetary planning and fiscal policy
• As a budget team leader, work with ministry units and SM/DHQ/THQ staff to complete assigned ministry unit budgets for submission to the appropriate approval authority
• Assist divisional leadership and/or social mission leadership with Ministry Unit budget reviews, analysis and balancing for Board approval and submission to Territorial Headquarters (THQ)Regular analysis of budget to actual results, ensuring that current year and long term forecasts are updated as required.
• Support the budget planning, development, and coordination of all aspects of assigned projects including monitoring the deliverables of each team member to ensure milestone are on-target completion.

General:

• Supervise, coach and mentor the Financial Analysts on the team. Direct and coordinate their work in cooperation with divisional and social mission personnel.
• Provide support for high impact projects based on a thorough understanding of the company’s position and operating model. Examples of such projects could include financial planning tool implementation
• Work collaboratively across all departments, identifying best practices and process efficiencies
• Provide decision support for and timely financial analysis to DHQ senior staff, Social Mission Senior Staff, and ministry unit leaders
• Completes various recurring and ad hoc reports requested by funders and other government departments and agencies.
• Supports social mission ministry units with preparation of government funding reports and requests for funding, including budgets.
• Oversight of the preparation of cash flow forecasts for ministry unit partners, ensuring that these are reviewed at regular intervals with ministry units.

• Completion of an undergraduate degree, with a major or concentration in accounting or finance.
• Completion of the CPA accounting designation program.
• Alternative combinations of education and experience may be considered.

Experience and Skilled Knowledge Requirements  

• Minimum of six years of prior related accounting/business work experience and working knowledge of software systems.
• Non-profit experience is an asset.
• An in-depth understanding of integrated, cross-functional system environment.
• Exceptional financial modeling skills with advanced Excel knowledge
• Driven to discover reasons for trends and provide insightful analysis
• Valid Ontario Class “G” Driver’s license, own vehicle and insurance, current original copy of drivers abstract for review and verification which is satisfactory to The Salvation Army, in its sole discretion, is required

• Exceptional analysis and problem-solving skills are essential, with the ability to work as a team member
• Advanced computer skills in Microsoft Excel, Word is essential; experience in Shelby Web accounting would be beneficial
• Excellent verbal and communication skills
• Commitment to quality customer service
• An “out of box” thinker, with ability to work under minimal direction
• Ability to read, understand and modify complex text where accuracy is essential.
• Ability to participate in management presentations and training if needed
• Self-motivated and disciplined
• Strong interpersonal, organizational and time management skills
• Ability to undergo applicable screening and background checks successfully that are satisfactory to The Salvation Army, in its sole discretion (i.e., The Salvation Army Abuse Registry) and provide an original copy of a Background Check screening.
• Ability and willingness to develop an understanding and support for the mission and purpose of The Salvation Army in Canada and its implications as related to position responsibilities

Compensation

The target hiring range for this position is $60,363-$75,454, with the ability to progress to a maximum of $90,545. Placement in the salary range will be based on factors such as market conditions, internal equity, and candidate experience, skills, and qualifications relevant to the role.

Other Details

The Salvation Army will provide reasonable accommodation upon request. Please let us know if you have a need for any accommodation.

We thank all applicants and will contact candidates selected for next steps. Internal Applicants, please speak with your manager about your intentions prior to submitting your application.