University of Waterloo Financial Officer in Canada
The Financial Officer is accountable to the Director, Retail Services to provide financial management and strategic planning support to ensure the viability of Retail Services business units. The incumbent is accountable for the integrity of Retail Services internal financial statements, and to ensure financial data is processed and recorded in accordance with generally accepted accounting principles and University policies and procedures. Retail Services Organization: Book Store, CampusTech, Waterloo Store, Write Stuff, and New Media Services. New Media Services includes Media.doc centres (4), campus Fleet Copier service, and Digital Production Centre.
Financial Strategy and Long Term Planning
Provides financial analysis in support of current and long range planning, including but not limited to special projects, business development and major renovations.
Prepares multi-year budget projections for the department’s financial position.
Provides financial input including financial documentation for the Retail Services Director and Managers in support of decision-making.
In conjunction with the Director, Retail Services plans, prepares, and submits the annual Retail Services budget to Finance.
Performs ongoing monitoring of budgets and financial transactions during the fiscal year.
Reviews the financial statements on a monthly basis and conducts meetings with the Director and Managers to discuss any issues.
Presents the department’s financial analysis at the monthly Retail Services management meetings or as required.
Fiscal Management and Control
Provides leadership, co-ordination, and management of sales reports, inventory reports, and internal financial statements, annual budgets, annual year end reports and financial position forecasts.
Develops, improves and promotes strong internal controls for financial processes and transactions to minimize risks.
Conducts periodic audit and review of Retail Services financial resources and procedures.
Ensures implementation of the accounting resources to support the Director and management team in strategic planning, budget preparation, establishing/monitoring of performance measures, operations review, identifying areas for cost reduction, forecasting and analysis of operational performance.
Analyzes the financial details of business operations to identify development opportunities and areas where improvement is needed.
Ensures the integrity and accuracy of accounting procedures for management Retail Services cash handling, reconciliation, cash floats, Accounts Receivable, Accounts Payable including audits of invoice payments, department (31 digit) charges, and clearing accounts.
Accountable for effective management of the Retail Services casual payroll and timely payroll reports as required by Human Resources. The incumbent serves as the primary contact for internal casual pay inquiries and is the Human Resources contact for all casual pay matters.
Serves as the primary point of contact with Finance on financial and other business matters.
Collaborates with Finance to ensure strong internal controls are in place and accounting policies and procedures are documented and well understood.
Provides functional support to Finance on local financial systems implementations, upgrades and major business process changes.
Overall managerial responsibilities include day-to-day operations of the Retail Services Accounting department including hiring and supervision of staff performing financial reporting, accounting, payroll, and budgeting duties.
Conducts staff performance reviews, coaching, training and development of staff to achieve financial accountability.
Must exercise skill in managing people, effective recruitment, procedures and standards, monitoring performance and focusing on staff efforts that meet Retail Services goals in necessary.
Maintains productive working relationships with all Retail Services business units and provides guidance on processes that impact the operating budget, financial compliance, and stewardship of assets.
Participates and provides information for internal campus department audits such as Office of Research (31 digit account purchases) or other University audits as required.
Undergraduate degree in accounting, business or equivalent education and experience.
Recognized Accounting designation (CPA).
5 years’ experience managing budgets of substantial size and complexity, including budget development and allocation.
Accounting management experience in a retail or business environment.
Extensive experience with financial analysis.
3 years of experience in a managerial role with direct reports.
Experience in the development and implementation of strategic plans, budgets, best practices and process improvements.
Experience with specialized retail software (Point of Sale and Inventory tracking), is an asset.
Advanced excel skills including the ability to create and use pivot tables.
Competencies will include critical thinking, strong analytical and problem solving skills, interpersonal, organizational and excellent communication skills.
iCIMS Requisition ID: 2016-1337
Name: 6000 - Retail Services-General
Salary Range: $62,046 - $77,557