Senior Financial Analyst (5105)

Job Posting

Senior Financial Analyst
Organization:  University of Saskatchewan
Province:  Saskatchewan
Location:  Saskatoon
 
 
Description:

Senior Financial Analyst, Pensions

People and Resources

Exempt SB2

University of Saskatchewan

The University of Saskatchewan's pension plans help faculty and staff create financial security in retirement. The Pension Office administers five pension plans for eligible members and is responsible for the overall effective and efficient administration of the plans.

Primary Purpose:

As a Sr. Financial Analyst you are responsible for senior level financial analysis, record keeping and review for the university’s five distinct pension and retirement savings plans, to ensure the university’s pension and retirement savings plans are administered responsibly, accurately and reliably. As the Pensions Office financial specialist, you will be called upon to provide financial data as well as information to support decision making, and will develop and share expert knowledge of pension plan governance and administration. As a team member, you will work with a number of pensions and benefits specialists to optimize the university’s plans and the efficient, service focused operation of the Pensions Office.

Nature of Work: This position plays an integral role in the governance and financial management of the pension plans at the University and reports directly to the Manager, Pension and Benefits, as well as collaborating with a team of pensions and benefits specialists. You will be sought after by internal and external stakeholders as the financial expert with respect to pension plan financial analysis, records and statements and the analysis of financial information, and as such you will have the opportunity to work collaboratively with colleagues, other university financial reporting departments, and provincial governing bodies. You will develop and hone your knowledge of pension plan administration and governance, as well as applying your accounting and financial management skills.

With several distinct plans and reporting requirements, you will be an excellent organizer with a keen attention to detail, who understands the importance of accuracy and reliability and timeliness in delivery of financial information. You will be expected to exercise your good judgement as a subject matter expert to work through complex issues.

Our Office operates in a team environment, where the contributions of all members across functional areas are welcomed and valued in the pursuit of efficiency, effectiveness and excellent customer service. You will have the opportunity to contribute to projects both within our purview as well as as a member of the university’s financial community.

Accountabilities:

  • Ensures all stakeholders including the Pensions Manager, auditors, members of the pension plans, university departments, and pension committees receive timely, accurate reporting and analysis to support development decisions.
  • Ensures reliability and accuracy of pension administration system.
  • Provides direction, mentorship, advice and leadership to other staff members to ensure work is being completed accurately, efficiently and on a timely basis.
  • Reviews pension plan calculations to ensure accurate information is being provided to plan members.
  • Reviews financial data to ensure adherence to pension plan governance requirements, internal and external regulatory policies/practices and reporting regulations and standards.
  • Ensures all financial records and reconciliations relating to the five pension plans at the university are completed accurately on a monthly and annual basis.
  • Ensures all financial statements and notes relating to the five pension plans at the university are completed accurately within the deadlines set by the Provincial Auditor.
  • Provides timely and accurate support and information to the Provincial Auditor on an annual basis during the audit of the financial statements.
  • Understands pension legislation to ensure compliance with federal and provincial legislation.
  • Builds relationships, communicates and liaises with related external parties including trustees, record keepers, actuaries and consultants to ensure needs of pension plan stakeholders are being met.
  • Communicates and provides one-on-one support to all pension plan members to ensure plan member needs are being met.
  • Assists in monitoring and reviewing policies and practices to ensure compliance with governance expectations.
  • Works collaboratively with ConnectionPoint, payroll to create efficiencies across functional teams.
Requirements:

Qualifications

Education: An undergraduate degree in commerce or business administration with an accounting major, and/or a professional designation.  A Pension Plan Administration Certificate (PPAC) or work towards a PPAC designation is required. A combination of education and experience may be considered.

Experience: Five or more years of directly related experience in a dynamic, collaborative environment.  Extensive involvement in the preparation of financial statements and other related financial reports.  Knowledge of defined benefit and defined contribution pension plans and applicable pension legislation is considered an asset.

Skills:

  • Ability to deal with complex accounting issues and prepare complex financial statements
  • Analytical and problem-solving skills
  • Demonstrated ability in Microsoft Office applications, with advanced spreadsheet applications and functions
  • Project management skills
  • Effective and exemplary communication and customer service skills
  • Exceptional organizational skills
  • Ability to lead both directly and indirectly, develop and share knowledge and contribute to a collaborative team