Infrastructure Ontario (IO), an Ontario crown corporation, provides a wide range of services to support the Ontario government’s initiative to modernize and maximize the value of public infrastructure and realty. IO has been recognized domestically and internationally for the way it does business and the success it has had with its major projects, real estate services, infrastructure lending, commercial projects, and development mandate. IO delivers some of the most complex, ambitious commercial and land development solutions for the Province and continues to evolve and expand its capabilities to maximize its public impact and deliver on its vision of creating a connected, modern and competitive Ontario.
Infrastructure Lending
Our Loan Program has helped support more than $18 billion in local infrastructure investments across Ontario. It provides affordable, long-term financing to public sector clients, allowing them to modernize and renew their infrastructure.
We have helped hundreds of clients deliver thousands of community projects in all parts of the province. Our Loan Program has been used to revitalize roads and bridges, build new recreation centres and affordable housing units, and purchase equipment like fire trucks and energy-efficient streetlights.
We tailor our loans to meet the unique needs and complex development challenges of municipalities, housing providers, universities and other eligible public sector clients. All borrowers within each sector share the same affordable rates and benefits of the Loan Program regardless of their size or location.
Each loan is different but its impact is the same: efficient, healthier and more prosperous communities across Ontario.
Reporting to the Controller, Hydro Lands, the Financial Analyst will support the realty teams by preparing monthly and quarterly financial reports, helping develop the annual multi-year budget, and offering financial operational support. Your will also recommend improvements to financial processes.
What You Will Do:
- Provide financial and business analysis, collaborating with operational and finance teams.
- Prepare and review monthly, quarterly, and annual financial reports, including reconciliations and variance analysis.
- Analyze funding requests, review balance sheets, and assist with financial reporting in accordance with Canadian Public Sector Accounting Standards.
- Contribute to the development of the Province’s multi-year budget, including forecasts and strategic planning.
- Recommend and implement process improvements to enhance efficiency and effectiveness.
- Manage bank reconciliations, customer accounts, and service provider collections.
- Prepare journal entries and administer AR/AP tasks
- Address financial inquiries and coordinate with external stakeholders as needed
Who We’re Looking For:
- Post-secondary degree or diploma in Finance, Accounting or a related discipline an asset
- Working knowledge of finance and accounting concepts and principles; knowledge of real estate practices, accounting, financial controls, and reporting systems
- CPA is an asset
- A few years of financial analysis experience
- Experience in Accounts receivables
- Experience in the real estate industry (i.e. property/facility and lease management) an asset
- Knowledge of public sector an asset
What we offer:
- Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve
- A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities
- A defined contribution pension plan, where IO contributes the equivalent of 5% of a full-time employee’s annual salary, with an option for IO to match an additional 5% contribution made by the employee. IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future
- A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more
- A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 95% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks
- Access to our $1000 Healthcare Spending Account to top up expenses not covered in the benefits program and a Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for fitness equipment, nutrition counselling or financial planning
- Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being. IO will also cover the costs associated with up to two membership and licence fees per year for eligible colleagues if directly related to the employee’s role
- Access to a suite of virtual healthcare options to support non-urgent medical needs
This posting will close on
August 28th , 2024.
The salary range for this position is
$62,600 to $93,900 with a corresponding job level of
P2
Exact compensation will vary based on skills, knowledge and experience
Interviews will be conducted on a rolling basis until the position is filled.
After reviewing the qualifications listed above, we want you to know that we understand you may not meet all the qualifications described, but still encourage you to apply, as you may have other relevant expertise and experience that you can bring to the role.
At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging. We believe that experience comes in many forms and through learning from each others’ differences and perspectives gives us strength. We are committed to enhancing our culture and encourage applications from all walks of life. Let us know if you require any accommodations for the selection process, by contacting the Talent Acquisition Team.
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience will be taken into consideration as applicable to the posted position.
By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process. Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so. Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data.
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