Corporate Senior Financial AnalystBusiness Planning, Finance

Corporate Senior Financial Analyst Business Planning, Finance

Business Planning

Vancouver, BC

The Senior Financial Analyst is responsible for supporting the strategic decision-making process of PHSA by providing financial analysis, advice, and recommendations. They play a key role in the development, compilation, and review of annual and multi-year budgets, as well as period-end reporting. Additionally, they collaborate with senior staff to identify opportunities for operational and financial resource utilization, conduct reviews and process improvement initiatives, and provide financial planning for specific services or programs.

The Senior Financial Analyst operates at a strategic level, monitoring and reporting on the fiscal performance of the organization, and recommending corrective actions when necessary. The role requires a broad understanding of operational and financial issues, excellent organizational skills, and the ability to work independently in a complex, multi-site organization.

In this particular role, the Senior Financial Analyst will be a part of the capital projects portfolio, reporting to Manager, Capital Planning. The Senior Financial Analyst will be responsible for tracking and reporting of capital funding and expenditures, including progress and spending against the approved projects budget, as well as development of capital requisitions and working closely with programs to determine appropriate accounting treatment for the funding requests. The Senior Financial Analyst will also generate monthly, quarterly and year end reporting, and support Director, Capital Planning in developing reports for internal use for various levels of senior and executive leadership team and board of directors, and externally as required by the Ministry of Health. In this particular role, the Senior Financial Analyst will also support the Manager, Capital Planning and Director, Capital Planning in reviewing and updating existing capital reporting processes and templates.

Scope and Complexity

The Corporate Senior Financial Analyst operates at a strategic level monitoring, assessing, interpreting, highlighting and reporting on the fiscal performance of the PHSA with respect to resource utilization, expenditure patterns, statistical and critical indicator data, and the meeting of budgetary targets. Where appropriate, the Senior Analyst recommends corrective action to members of the executive team.

The Corporate Senior Financial Analyst works in a complex, multi-site organization which encompasses highly diverse operations. This role is customer focused and able to balance the needs of the PHSA and its’ agencies which have diverse operations with varying levels of complexity and volume. The Senior Analyst requires a broad understanding of operational and financial issues faced by all corporate and agency entities. This wide scope provides the opportunity for identifying and implementing best practices across the organization.

The Senior Analyst has a comprehensive multi-layered understanding of the financial and business planning processes and tools, has data management skills, and works independently. Timelines for the completion of financial reports are very tight and require strong organizational skills. Reports, analyses, advice and recommendations provided by this position are used by members of the executive team as well as funding agencies and MOH.

This position provides information in an environment where there is a high degree of risk associated with the information generated. Errors or miscommunication can compromise the long term financial viability and credibility of the organization.

Major segments of the work performed by this position are confidential directly supporting management committees of both the PHSA and the agencies. Inappropriate release of information could compromise strategies and initiatives and seriously impact on PHSA’s ability to deliver on its mandate.

Communications

The Corporate Senior Financial Analyst communicates with all members of the business planning team, Financial Services and corporate senior operational staff. In addition to gathering and exchanging information, communication usually involves negotiating and facilitating consensus on issues such as financial resources, program and service delivery changes, new and enhanced programs, physician services and funding, operational reviews, implementation of services and progress on cost savings/revenue generation initiatives.

External communication involves contact with representatives from external agencies such as the MOH and other Health Authorities and usually involves gathering and exchanging information as well as negotiating and facilitating consensus on issues such as program transfers, development of inter-authority programs and services, service redesign and operations review.

What you’ll do

• Working with the Directors, Business Planning and agency Senior Financial Analysts, consolidates PHSA’s interim and year end financial reports and forecasts including a written variance analysis as required for the Executive Committee, Finance Committee and Board of Directors. Assists the Director, Business Planning Support with coordinating the business planning team and reviewing financial reports for consistent quality and content. Responsible for reconciling inter-agency transactions. In the event there are material changes in funding and/ or expenditures during the fiscal year, consolidates the reforecast PHSA annual budget.
• Prepares comprehensive and timely reports for Ministry of Health requests for financial information.
• Prepares confidential analytical reports and briefings as requested by PHSA senior management.
• Working with the agency Directors, Business Planning and Senior Financial Analysts for PHSA’s agencies, prepares the consolidated PHSA Budget Management Plan. Assists the Director, Business Planning Support with completion of the annual Service Plan.
• In collaboration with PHSA senior staff, identifies opportunities for increased PHSA operational and financial resource utilization. Contributes financial expertise required for service delivery modeling, funding applications, operational reviews, and business process improvement reviews.
• Assists corporate and agency staff by:
  • Identifying resources required;
  • Researching, identifying alternatives, writing, providing a recommendation;
  • Developing financial analysis and/ or forecasts incorporating appropriate funding or costing methodology;
  • Coordinating the financial aspects of implementation, and
  • Monitoring the outcome on PHSA.

• Identifies and/ or develops “best practices” for reporting, systems design and development and issue resolution, communicating same to other members of the Finance Division team.
• Working in consultation with corporate and agency operational staff, provides financial planning and financial management for specific services or programs that are provincial in scope or cross over agencies as assigned by the Director, Business Planning Support, for example the Cardiac Program.
• Prepares PHSA consolidated Statement of Operations for reporting provided by Financial Services to the Office of the Controller General.
• Working in collaboration with the Financial Services (Grant Accounting), administers the implementation of MOHS funding as outlined in funding letters. Responsible for the accuracy of all budgeted grant funding.
• Provides training to PHSA non-financial corporate staff in areas such as developing operating and capital budgets, monitoring and interpreting financial and utilization information, analysing deviations from plan and investigating causes, and competent utilization of computer technology.
• Assists Business Planning Division with the establishment of short and long term financial objectives.
• Assists with the training of agency and other Corporate Financial Analysts.
• Undertakes special projects, as required by the Director, Business Planning Support and the Corporate Director, Business Planning to address PHSA and agency issues.
• Performs other related duties as required.

What you bring

Qualifications

• The qualifications for this role include a professional designation or MBA with 5 years of experience in FP&A, the ability to understand the financial impact of operational decisions, strong organizational skills, attention to detail, and excellent communication skills.
• Personal qualities such as taking personal responsibility, possessing an entrepreneurial spirit, communicating with honesty and kindness, leading with courage, and fostering connections and trust and important skills to this role.

Skills & Knowledge

• Commitment to upholding the shared responsibility of creating lasting and meaningful reconciliation in Canada as per TRC (2015) and BC’s Declaration on the Rights of Indigenous Peoples Act (2019).
• As a strong asset for consideration, we are looking for our successful candidate to have: Knowledge of social, economic, political and historical realities of settler colonialism on Indigenous Peoples and familiarity with addressing Indigenous-specific anti-racism, anti-racism and Indigenous Cultural Safety and foundational documents and legislative commitments (The Declaration Act, the Declaration Action Plan, TRC, IPS, Remembering Keegan, etc.).

What we bring

Every PHSA employee enables the best possible patient care for our patients and their families. Whether you are providing direct care, conducting research, or making it possible for others to do their work, you impact the lives of British Columbians today and in the future. That’s why we’re focused on your care too – offering health, wellness, development programs to support you – at work and at home.

• Join one of BC’s largest employers with province-wide programs, services and operations – offering vast opportunities for growth, development, and recognition programs that honour the commitment and contribution of all employees.
• Access to professional development opportunities through our in-house training programs, including 2,000 courses, such as our San’yas Indigenous Cultural Safety Training course, or Core Linx for Leadership roles.
• Enjoy a comprehensive benefits package, including municipal pension plan, and psychological health & safety programs and holistic wellness resources.
• Annual statutory holidays (13) with generous vacation entitlement and accruement.
• PHSA is a remote work friendly employer, welcoming flexible work options to support our people (eligibility may vary, depending on position).
• Access to WorkPerks, a premium discount program offering a wide range of local and national discounts on electronics, entertainment, dining, travel, wellness, apparel, and more.

Job Type: Regular, Full-time

Salary Range: $88,990 – $127,923 /year. The starting salary for this position would be determined with consideration of the successful candidate’s relevant education and experience, and would be in alignment with the provincial compensation reference plan. Salary will be prorated accordingly for part time roles.
Location: 1333 W Broadway, Vancouver, BC V6H 1G9
Closing date: Applications accepted until position is filled
Hours of Work: 8:30 – 16:30 (Monday to Friday)
Requisition # 167420E

As per the current Public Health Order, full vaccination against COVID-19 is a condition of employment with PHSA as of October 26, 2021.

What we do

The Provincial Health Services Authority ( PHSA ) plans, manages and evaluates specialized health services with the BC health authorities to provide equitable and cost-effective health care for people throughout the province. Our values reflect our commitment to excellence and include: Respect people – Be compassionate – Dare to innovate – Cultivate partnerships – Serve with purpose.

Learn more about PHSA and our programs: jobs.phsa.ca/programs-and-services

PHSA is committed to equity in our hiring and employment practices. With learning and compassion, we are addressing existing inequities and barriers throughout our systems. PHSA is seeking to create a diverse workforce and to establish an inclusive and culturally safe environment. We invite applications and enquiries from all people, particularly those belonging to the historically, systemically, and/or persistently marginalized groups identified under the B.C. Human Rights Code.

One of PHSA’s North Star priorities is to eradicate Indigenous-specific racism, which includes dismantling barriers to health care employment at every level. We welcome Indigenous individuals to apply and/or contact the Sanya’kula Team (Indigenous Recruitment & Employee Experience) for support at indigenous.employment@phsa.ca .

Indigenous-specific anti-racism initiatives are rooted in addressing the unique forms of discrimination, historical and ongoing injustices, and marginalization faced by Indigenous peoples. These initiatives align with an Indigenous rights-based approach, recognizing the inherent rights and self-determination of Indigenous communities. PHSA must uphold legislative obligations and provincial commitments found in the foundational documents such as including Truth & Reconciliation Commission’s Calls to Action (2015), In Plain Sight (2020), BC’s Declaration on the Rights of Indigenous Peoples Act (2019), United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), Reclaiming Power and Place Missing and Murdered Indigenous Women & Girls Calls for Justice (2019), the Declaration Act Action Plan and Remembering Keegan: A First Nations Case Study.

ATTN: PHSA Employees:

To be considered as a PHSA employee (internal applicant) for this position, you must apply online via your internal profile at http://internaljobs.phsa.ca

Please note the internal job posting will no longer be accessible after the expiry date of June 25, 2024. If the internal job posting has expired, please contact the Internal Jobs Help Desk and advise that you would like to be considered as a late internal applicant for this position. Please do not apply for the external job posting.

If you have not registered your internal profile, a password is required to log in for the first time. To obtain your password, please contact the Internal Jobs Help Desk at 604-875-7264 or 1-855-875-7264. Please note regular business hours are Monday – Friday (excluding stats), 8:30am to 4:30pm. For inquiries outside of regular business hours, please email the Internal Jobs Help Desk at internaljobshelpu@phsa.ca and a Help Desk Representative will contact you the next business day.