Manpower is proud to announce their partnership with the Toronto Transit Commission (TTC) in facilitating the search for their next Head of Operating Financial Planning & Analysis.
POSITION SUMMARY
Reporting to the Executive Director of Finance, the Head of Operating Financial Planning & Analysis (FP&A) will provide strategic leadership on developing corporate financial strategies, policies, tools, and reporting for operating planning, budgeting, and financial management.
Collaborating with business partners and senior leadership, the Head of Operating FP&A will guide multi-year operational financial activities, ensuring high performance and quality customer service.
This role will lead the corporate finance team and Business Partner Support teams in planning, evaluating, monitoring, and reporting financial plans for the annual operating budget. Additionally, the role oversees corporate-level financial modelling, assesses financial feasibility of efficiency opportunities, supports collective bargaining, and leads financial and technical transformational programs.
Salary Information: $168,477 - $210,646
SCOPE & RESPONSIBILITIES
- Oversee the development of corporate operating budget objectives, direction, guidelines and base budget data and assumptions upon which the budgets will be based.
- Lead the development and approval of the corporate annual Operating Budget, evaluate and support new budget requests according to business needs, provide recommendations to meet corporate objectives, and advise TTC Executives as needed.
- Collaborate with senior leadership to ensure key issues, integration points and interdependencies between Business Partners’ operations, plans and budgets are identified, analyzed and accounted for in all affected Operating and Capital Budgets.
- Oversee the preparation of monthly and/or quarterly financial update presentations for various internal Committees, utilizing data analytics, reports, and dashboards to present mitigating strategies and insights on financial project performance to senior leadership and the TTC Board.
- Deliver corporate operating financial performance and results with quarterly reporting to the TTC Board, City staff and City Council.
- Ensure corporate budgetary guidelines, directions, and submission requirements are understood by business partners; guide the development of multi-year operating budget submissions to ensure operating budget requests are submitted in accordance with all budgetary requirements.
- Oversee detailed evaluations of operating budget submissions and business performance information including detailed expenditure analysis and trends, relevant performance indicators and business case justifications for new funding.
- Lead the development, implementation and continuous improvement of policies and procedures that ensure staff are properly executing operating expenditures against contracts, defined scope, deliverables, milestones, payment schedules and approved funding.
- Establish additional costing and financial modelling methods to support the organization, including but not limited to full cost recovery for TTC work done at the request of third-parties, overhead and employee benefit cost allocations and provisions, and modal cost analysis.
- Provide guidance in financial modelling and analysis to estimate future operating budgeting / cost impacts of major and/or high-profile TTC initiatives, anticipate potential long-term operating budgeting issues and considerations, offer strategies to mitigate potential reputational and financial harm.
- Present relevant financial projections and results to internal and external parties such as the City of Toronto, Provincial and/or Federal Government.
- Advise and establish continuous improvement initiatives and best practices in financial planning and management.
- Act as a contact with Municipal, Provincial, Federal and external auditors as required.
- Promote a respectful work and service environment that supports diversity, inclusion, and is free from harassment and discrimination. Provides leadership in the development and implementation of inclusive and accessible policies, programs and/or services for employees and customers in accordance with the Ontario Human Rights Code (OHRC), the Accessibility for Ontarians with Disabilities Act (AODA), and TTC’s policies.
KEY SKILLS & EXPERIENCE
- Significant experience in progressively senior leadership roles in financial planning and management, forecasting and evaluation, policy development, project management, performance management and analysis.
- Extensive experience in multi-year service based planning, forecasting, budgeting and performance management in a major public or private sector organization.
- Experience with relevant government legislation in the area of governance, budgeting, financial reporting, service delivery, employee and labour relations, and occupational health and safety.
- Experience with enterprise budgeting/financial systems such as SAP; business intelligence tools for data analytics, modelling and forecasting, including implementation, sustainment and continuous improvement.
- Superior communication and interpersonal skills with the ability to facilitate, negotiate, resolve conflict, problem solve, and interact with all levels of the organization and external relationships including with outside agencies and/or elected officials.
- Proven leadership abilities, with a focus on coaching and mentoring diverse, multi-discipline management teams within an organization experiencing transformative change.
EDUCATION & PROFESSIONAL CREDENTIALS
- Bachelor’s degree in Business Administration, Public Administration, Accounting or related discipline combined with extensive experience in a large, diverse corporate environment, preferably a comparable public sector organization OR a combination of education, training and experience deemed equivalent.
- Graduate degree in a related discipline is preferred.
- Professional accounting designation is a requirement.
Join forces with Manpower and the TTC to build a brighter future for transit in the GTA. Apply now and seize the opportunity to become the TTC's Head of FP&A - Capital. Together, let's drive transit innovation and empower communities through exceptional transportation solutions.