Humber River Health. Lighting New Ways In Healthcare.

Since opening our doors in 2015 as North America’s first fully digital hospital, we remain unwavering in our belief that we can change the hospital where we work, the community where we live, and the world of healthcare beyond our borders. Serving a community of 850,000 residents in North West Toronto, Equity Inclusivity and active participation in the North West Toronto Ontario Health Team are key initiatives important to our Team.  At Humber River Health, we use a custom combination of technology and clinical expertise to rebuild elements of care. We make technology work for staff and physicians; giving them more time to spend with patients, to eliminate inefficiencies, and to reduce the chance of errors. Humber River Health is formally affiliated with both the University of Toronto and Queen’s University and committed to becoming a community academic hospital. Clinical Excellence, Optimizing Care through Technology and Community Connection frame our Research Strategy.

At Humber River Health, we’re not hoping for a renaissance, we are making it happen. As part of our dynamic team, you can lead the way, as we continue our journey towards high reliability care!

We currently have an exciting opportunity here at Humber River Health for a Senior Financial Business Analyst to join our Financial Services team.  The successful candidate will be responsible for

developing, tracking, and analyzing budget and financial data and reports for accuracy and timeliness

Employment Status:  Full-time
Hours of Work: Must be available to work Monday to Friday. 
Location: Humber River Health - Wilson Site

Labour Group: Non-Union
Reporting Relationship: Manager, Financial Reporting and Accounts Payable. 

Responsibilities:

• Financial Statement Close Process, including but not limited to -
• Apply Generally Accepted Accounting Principles (GAAP)/Public Sector Accounting Standards (PSAS) and Ontario Healthcare Reporting Standards (OHRS) to accurately record monthly financial results
• Review monthly actual vs. budget results; follow up on significant variances, and determine appropriate action; refer highly complex issues to Manager/Director for resolution
• Reconcile balance sheet accounts on a monthly basis and follow up on issues
• Report Provincial Grants (e.g.  Ministry of Health (MOH), Ministry of LongTerm Care (MLTC), Ontario Health (OH), etc.), Foundation, Research, and other income sources to project income/funding streams
• Work with client group to allocate monthly funds to expenditures that meet donor funding priorities; follow up on outstanding issues
• Maintain funding reconciliation and deferred revenue schedules to track and record funding revenue from MOH/MLTC/OH
• Update monthly continuity schedule for grants and capital donations; track additions, amortization, and write-offs aligned with corporate policies and accounting principles to determine appropriate amortization period in collaboration with Manager/Director
• Financial Report, including but not limited to -
• Develop monthly financial reports to be presented by Director/CFO at senior management team (SMT) meetings for leadership decision-making, and at board finance committee
• Create and maintain custom financial reports within the Meditech General Ledger module
• Review current report designs to assess compliance with current reporting requirements and update reports to meet requirements
• Develop and distribute ad-hoc internal reports 

• Physician On-Call Stipend, including but not limited to -
• Review physician on-call schedules (i.e. Hospital On-Call Coverage Program (HOCC) hospital stipend) to be submitted for payment
• Reconcile schedule of physician on-call payments to the general ledger to ensure payments comply with MOH Funding Agreement
• Prepare working paper files for year-end settlement audit; respond to auditors’ queries; review year-end report for accurate completion in preparation for MOH year-end report submission 

• Year End Audit, including but not limited to -
• Provide financial information to auditors that meet audit requirements for year end
• Prepare data for HST audit
• Prepare remittance and reporting documents (i.e. taxes, funding models/sources, trial balances) to reduce financial penalties arising from past due payments

Requirements:

• Undergraduate degree in accounting or finance
• Charted Professional Accountant (CPA) Designation
• 7 years accounting experience, preferably in healthcare
• Demonstrated knowledge and experience in:
• Generally Accepted Account Principles and Public Sector Accounting Standards
• Public Funding Models
• Data management and analysis
• MS Office Skills with excellent proficiency in Excel
• Demonstrated excellent data management, analytical, organizational, problem solving, and analytical skills
• Demonstrated ability to work independently and meet tight deadlines
• Leadership and conflict management skills preferred

Why choose Humber River Health?

At Humber River Health, our staff, physicians, and volunteers are lighting new ways in healthcare. We are proud to be recognized as a part of Greater Toronto’s Top Employers by Mediacorp Canada Inc. We support employees by providing evidence-based leadership and cultivating a culture that consistently wows with our unwavering commitment to Staff, Physician and Volunteer engagement. We are a member of the Toronto Academic Health Science Network (TAHSN) and are deeply involved in research and academic collaboration. We are dedicated to high-quality patient care and demonstrate our values of compassion, professionalism, and respect.

Attracting and retaining a workforce that represents the diverse communities surrounding Humber River Health, is a priority.  We encourage applicants from all equity-deserving groups, including but not limited to, individuals who identity as Indigenous, racialized, seniors, persons living with disabilities, women, and those who identify as 2SLGBTQ.

Applicants will not be discriminated against on the basis of race, creed, sex, sexual orientation, gender identity or expression, age, religion, disability, medical condition, or any protected category prohibited by the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act.

Accommodations are available throughout the recruitment process as well as during employment at Humber River Health. Please direct any accommodation requests to our recruitment team.