Manager, Budget & Planning

Date Posted: 02/12/2025
Req ID: 41641
Faculty/Division: Operations and Real Estate Partnerships
Department: Spaces & Experiences
Campus: St. George (Downtown Toronto)

Description:

Under the direction of the Director, Finance, Administration and Systems the Manager, Budget and Planning leads and oversees the annual budget, forecast and financial reporting activity for S&E Residence and Housing operations.  This includes the development and preparation of the long-range plan by maintaining and developing complex financial models.  The incumbent provides expert advice and support to the Operations Directors in respect of short and long-term financial planning, budgeting, forecasting, reporting, strategic alignment including business proposals, resulting in value added decision making.

This role leads the annual residence and housing budget process partnering with operations to review, reconcile and audit all proposed operating plans to achieve requirements of governance committees – including local stakeholders’ groups and SARG (Service Ancillary Review Group) - before presentation by the AVP S&E to committees of the Governing Council and other stakeholders.

The Manager will monitor, analyze and report on budget to actual variance on a regular basis, engaging with local Operations teams regularly.  The incumbent creates financial models to facilitate strategic planning and decision making by senior management (eg. business cases, pricing models, cost recovery models, long-range budgets, forecasts, amortization schedules, capital investment review before decisions, etc.).  Analyze impacts, risks and options for business initiatives and opportunities.

The Manager performs quantitative analyses on prospective projects under time constraints and understands the opportunity to support S&E Residence and Housing operations by reviewing results against key performance indicators in pursuit of profitability and to meet the double/triple bottom line. They perform financial modeling for internal projects and external contracts to make recommendations to residence senior management and Director, Finance, Administration and Systems.  The incumbent will audit the existence and effectiveness of internal controls and conduct operational process reviews as well as adequately document processes, articulate implication of observed risks and recommend policies or procedures to mitigate those risks.  Provides training and guidance to residence teams to support revenue generation and cost controls.

The Manager supports the process of establishing and managing capital accounts for S&E self-managed projects in collaboration with Capital Accounting and the OREP Financial Strategy and Services department.

Qualifications:

EDUCATION:
•    University degree in Business Administration, Commerce or Accounting, and completion of a recognized professional accounting designation or equivalent experience/education.  
•    MBA is an asset.

EXPERIENCE:

•    Minimum seven (7) years of recent related experience in financial accounting, reporting, modeling, costing, budgeting and analysis, preferably in a university or comparable not-for-profit business entity. 
•    A thorough understanding and practical application of accounting standards for not-for-profit organizations. 
•    Significant experience creating, maintaining, and analyzing complex financial models. 
•    Experience in the preparation of comprehensive financial reports, forecasts, and analysis as well as ability to improve the accuracy of reports prepared outside of the portfolio. 
•    Experience conducting financial trend analysis and proposing effective strategies to clients.  
•    Experience using FIS and HRIS systems and knowledge of University of Toronto policies and procedures are a definite asset.

SKILLS:
•    Demonstrated ability to organize and execute a variety of complex assignments simultaneously and manage conflicting priorities within required timelines. 
•    Adaptive and demonstrates an ability to solve problems and apply critical thinking skills with strong business intelligence and acumen.  
•    Excellent oral and written communications skills to effectively communicate to both non-financial and financial individuals at varying levels of the organization.
•    Must be self-motivated, results oriented with exceptional organizational skills.
•     Acute attention to detail.  
•    Excellent judgment to prioritise projects and take initiative on observations in own portfolio in an environment of continuous change. 
•    Excellent interpersonal skills. 
•    Ability to work effectively independently and as a member of a team.

OTHER:
•    A mindset for continuous improvement and development as the incumbent is critical in facilitating the growth and performance of business operations. 
•    Must demonstrate an understanding and appreciation for the financial challenges related to self-funded operations within the University. 
•    Very strong customer service orientation.
•    Strategic orientation and ability to think outside the box. 
•    High level of professional standard.
 

Closing Date: 02/25/2025,11:59PM ET
Employee Group: Salaried 
Appointment Type: Budget - Continuing 
Schedule: Full-Time
Pay Scale Group & Hiring Zone: PM 3 -- Hiring Zone: $91,937 - $107,259 -- Broadband Salary Range: $91,937 - $153,227
Job Category: Administrative / Managerial