You will be responsible for supporting the development and monitoring of the employee salary and benefits budget, developing overhead and costing rates used for allocations and external reporting, calculating various year-end reserves, and analyzing payroll data and maintaining reports for use in costing analyses. As well ensuring reasonable allocation of Employee Benefit Costs to Operating and Capital budgets and initiate updates/changes as required
As the Financial Analyst, you will be monitoring on a corporate basis undistributed salary and benefits costs and determining the impact to operating and capital budgets; Coordinating with Business Partner Support teams for explanation on major variances and corrections as required, clarifying and resolving budget-related issues and providing year-end projections for board reports and other external reporting requirements. Additionally, compiling data to support collective bargaining union negotiations
Serving as a subject matter expert to support upgrades, patches and issues resolution on financial systems matters such as, WBS Module, Retro pay Cycle distribution. Overseeing the timely production of SAP reports crucial for cost analysis and development and assessing new SAP wage types to ensure it is mapped to the proper GL account
Maintaining and update benefit rate model, including benefits such as sick pay, health & dental, TTC pension, vacation and statutory holiday etc. for use in various costing exercises (total cost of work hours)
You will also be responsible for collaborating with IT to ensure cost data is accurate and readily available including: validating the Payroll Reporting Tool (Power Pivot) and Payroll Analysis Report (Yearly wage, premium and allowance payments by union)
In addition to the above, you will support diversity, inclusion, and a respectful work and service environment that is free from discrimination and harassment. Helps to remove barriers and accommodate employees and customers (within their area of responsibility) in accordance with TTC’s commitments and obligations under the Ontario Human Rights Code (OHRC) and Related Orders, the Accessibility for Ontarians with Disabilities Act (AODA), and TTC’s policies.
The incumbent will also Participation in the TTC's Customer Service Ambassador Program.
