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BC Housing

Financial Review & Budget Analyst

Canada-British Columbia-Burnaby

2403-1502806

Job Description

FINANCIAL REVIEW & BUDGET ANALYST

Job ID:  2403

Location:  Burnaby, BC

 

THE ORGANIZATION


BC Housing is a provincial Crown Corporation that develops, manages and administers a wide range of subsidized housing options for those most in need across the province to address critical gaps across the housing continuum ranging from emergency shelter through to rent assistance in the private market and affordable home ownership.  

“Our mission is making a difference in people's lives and communities through safe, affordable and quality housing”.

 

BC Housing offers competitive salaries and an excellent benefits package. But a job is more than a pay cheque. We also offer our staff the opportunity to work together to make a difference. When employees go home at the end of the day, they experience the satisfaction of knowing they’ve helped provide people in need with safe, affordable housing. And while they’re here, employees can take advantage of many opportunities:

  • In-house training, and training at other institutions, for courses related to employees’ current positions or to prepare them for advancement within BC Housing.

  • Wellness programs including physical fitness, programs to help employees quit smoking, free flu shots, mental health resources, and lunch-and-learn lectures and seminars.

  • Recognition programs including long-term service awards, idea recognition and outstanding performance awards.

  • Go Green incentives include a carpool program, an employee transit pass program, and other programs that encourage alternative, sustainable transportation (i.e., cycling). Each year, BC Housing participates in the commuter challenge.

  • An active Social Club that organizes special events like seasonal parties and arranges group discounts to other events.

  • Participation in community and charitable events such as the United Way campaign

BC Housing—one of BC's Top Employers for 2016—is the provincial Crown agency that develops, manages and administers a wide range of subsidized housing options for those most in need across the province. Share in the rewards of working with an organization that offers challenging work and competitive compensation and supports the growth and development of its people.

BC Housing thanks all applicants for their interest; only those selected for an interview will be contacted. This position is only open to those legally entitled to work in Canada

FINANCIAL REVIEW ANALYST

 

Reports to:

Non-Profit Portfolio Manager or Senior Operations Analyst

Direct Reports:

N/A  

Indirect Reports:

N/A

Location

Burnaby, BC

 

MANDATE

Reporting to the Non-Profit Portfolio Manager, this position is responsible for providing complex financial and program support relating to the review and administration of Non-Profit Housing Program subsidy and budgets, and the monitoring of financial performance of Non-Profit Societies engaged in the provision of social housing.

This position provides information to the Non-Profit Portfolio Manager that will support his/ her role as a key relationship manager to a portfolio of housing providers, including information on budgets, subsidies, financial statements and financial performance  Applying analysis, research, investigation and problem solving, you will facilitate the annual budget process for non-profit societies that provide social housing in addition to calculate the rent subsidy payable to them and monitoring their financial performance.  Your other functions will include participating in program support activities and active as a primary resource on issues related to housing and housing related services delivery.

 

KEY ACCOUNTABILITIES

 

  1. Initiates the set-up of new operating and program agreements to support the budget, subsidy and financial review process - Reviews and interprets new operating and program agreements and determines appropriate set-up of projects in the Central Property System (CPS), utilizing knowledge of 70+ funding programs, their differing requirements, inter-relationships and processing steps, and in consideration of any unique details of project structuring, elements and lifecycles;

  2. Facilitates the annual budget process for assigned non-profit societies and processes and ensures the timely delivery of the draft copy of the annual operating budgets and budget recommendations to the Non-Profit Portfolio Manager (NPPM) and Housing Provider;

  3. Reviews and updates the mortgage calculations and replacement reserve provisions in the submitted operating budgets prior to distribution;

  4. Maintains the JD Edwards Program (JDE1) budget tracking database and monitors the status of overdue budgets;

  5. Processes 5 year operating budget and calculates CPI increases for ILBC NP and Homes BC.

  6. Calculates rent subsidy payable to NP societies under the terms of a variety of operating agreements;

  7. Investigates and resolves differences between BC Housing tenant rent records and society records identified in tenant information, housing charges and heat allowances;

  8. Calculates and approves subsidy adjustments and recurring subsidy changes within delegated authority or the recommended amount by the NPPM.

  9. Monitors the financial performance of NP societies - Interprets and analyses the Society’s financial statements, including Statement of Financial Position; Income Statement, Notes to Financial Statements; and Management Letter;

  10. Assesses if the NP has properly funded its operating expenses (including non-recurring maintenance, replacement reserve, and M&I expenses) and funds are being spent and accounted for in accordance with the Operating Agreements of different program types;

  11. Compares the reported Modernization & Improvement (M&I) and Extraordinary Expense (EE) expenditures with the Commission’s records of M&I and EE payments using the various tools; investigates discrepancies; compiles an itemized list of M&I and EE, GST paid and the GST rebates the housing provider is entitled to; and collects the GST rebates through adjustments and reallocations;

  12. Reviews and reconciles Property Tax Exemption and Energy Retrofit in accordance with BC Housing guidelines;

  13. Researches, examines and analyses the Commission’s records and databases for the review, using tools such as BC Housing RIC files, CPS, JDE1, Housing Connections, Slice, Webfocus and other data query tools;

  14. Recommends adjustments to future budgets to the NPPM, according to guidelines and by using own judgement and discretion;

  15. Performs various program support duties such as verifying and updating information in various computer systems, databases and spreadsheets; and provides testing for JDE 1, CPS programs, Web Focus and Housing Connections;

  16. Assists with special projects to investigate, analyze, problem solve and report findings.

  17. Accompanies and supports the NPPM in meetings and conversations with NP societies and during the meeting, supports the NPPM in explaining subsidy and budget and financial review processes; providing information regarding budgets, subsidies, financial statements and financial performance; and discussing related issues with the Society;

 

CANDIDATE PROFILE

The successful candidate will have the following:

EDUCATION:

  • Community College diploma in a relevant discipline such as business administration or accounting and minimum three years directly related experience in a financial accounting environment.

  • Or an equivalent combination of education, training and experience acceptable to the employer.

EXPERIENCE:

  • Minimum three years directly related experience in a financial accounting environment.

  • Or and equivalent combination of education, training and experience acceptable to the employer.

 KNOWLEDGE, SKILLS AND ABILITIES:

  • Sound working knowledge and understanding of the principles, practices and techniques of program and financial administration

  • Sound knowledge of accounting practices including a good understanding of financial statements and budget processes

  • A good understanding of mortgage lending processes including principal and interest calculations, renewals and amortization

  • Good knowledge of BC Housing funding programs

  • Advanced knowledge and proficiency in relevant databases, spreadsheet and word processing software

  • Strong mathematical ability; good attention to detail and accuracy

  • Good analytical, research, investigative and problem solving abilities and ability to exercise good judgment

  • Ability to interpret operating agreements for the purpose of calculating subsidies

  • Ability to explain detailed information to non-profit societies and other external contacts

  • Ability to establish and maintain relationships with internal and external stakeholders demonstrating tact, courtesy and patience; able to adjust communication style as required to probe and assess issues

  • Excellent oral and written communication and interpersonal skills, with solid command of English language.

  • Good organizational skills and time management skills, with ability to plan, multi-task, meet deadlines and adapt in a fast-paced environment with competing priorities

  • Ability to work independently and as part of a team, in a fast paced, deadline oriented environment

  • Minimum 40 wpm keyboarding skills

 

How to Apply:

Prior to applying, please review the Job Description here.

 

** An eligibility list may be established **

Please review the attached job description for a complete list of duties, qualifications and competencies.  To be considered for this competition, applicants must submit a cover letter and resume clearly identifying how they meet the qualifications necessary for this position.  This information will be used as part of the selection process.

 

A cover letter is required as part of your application.  Your cover letter and resume should be submitted as one document in your profile when applying for this position. Also, please do not use the copy & paste feature and/or submit zip files.

 

As part of the application process, you will be prompted to fill out a questionnaire which must be completed in order for your application to be considered.  You will not be able to go back at a later time to complete the questionnaire so please allot up to 5 minutes to fill it out after submitting your resume and cover letter.

 

Only applications submitted using the Online Recruitment System at www.bchousing.org/careers will be accepted


Contact Information

BC Housing
http://www.bchousing.org
Posting Date: 16-Mar-2017Accounting and Finance Permanent, Full-Time Open 2 ASAP
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