Manager, Costing and Financial Modelling

Toronto Transit Commission - Toronto, ON (30+ days ago)

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Requisition ID: 1315
Number of Vacancies: 1.00
Department: Finance (20000042) - Budgets And Costing (30000072)
Salary Information: $107,616.60 - $134,479.80
Pay Scale Group: 11SA
Employment Type: Regular
Weekly Hours: 35, Off Days: Saturday & Sunday Shift: Day
Posted On: September 11, 2019
Last Day to Apply: September 23, 2019
Reports to: Director Budgets, Costing & Financial Reporting

The Toronto Transit Commission (TTC) is North America's third largest transit system and has been recognized as one of the top places to work in the GTA. Guided by a forward-thinking strategic plan, the TTC's vision is to be a transit system that makes Toronto proud. The TTC's recruitment efforts are directly aligned to its mission of providing "a reliable, efficient, and integrated bus, streetcar and subway system that draws its high standards of customer care from our rich traditions of safety, service and courtesy."

General Accountability

Responsible for the development and application of appropriate costing methods for all applicable scenarios at the TTC. Acts as a key member of TTC’s management negotiations team and be actively involved in contract negotiations with the various unions and be responsible for costing management and union proposals.

Key Job Functions

Provides support and guidance to financial or cost analysts throughout the organization.
Responsible for participating on the Collective Bargaining Team as the Financial Lead.
Provides financial advice to the bargaining team.
Develops and monitors cost of proposals against the Board approved financial mandate.
Ensures the development of cost estimates for management and union proposals.
Leads the development of the employee benefits budget.
Responsible for the development and application of appropriate costing and financial modelling methods.
Ensures application of best practices to maximize ancillary revenues and cost recovery opportunities.
Responds to financial model related inquiries from senior management, corporate communications (media inquiries), City Financial planning and others.
Support year-end process by reviewing and ensuring sufficient support for assigned provisions.
Provide cost (or saving) estimates for corporate initiatives.
Supporting continued implementation of SAP.
Demonstrates behaviours that support diversity, inclusion, and a respectful work and service environment that is free from discrimination and harassment. Helps to remove barriers and accommodate employees and customers (within their area of responsibility) in accordance with TTC’s commitments and obligations under the Ontario Human Rights Code (OHRC) and Related Orders, the Accessibility for Ontarians with Disabilities Act (AODA), and TTC’s policies.
Participation in the TTC's Customer Service Ambassador Program.
Apply accounting principles and practices
Apply analytical skills
Demonstrate specialized expertise and knowledge in the assigned field
Use office technology, software and applications
Education and Experience

Completion of a University Degree in Business, Commerce Finance or Accounting combined with several years of directly related work experience
Possession of a Certified Professional Accountant (CPA) designation is preferred.
Additional Requirements

Ability to lead large and complex costing assignments such as CBA negotiations or operating impacts of major TTC initiatives.
Sound knowledge of financial modelling and cost estimation principles, methods, and techniques, developed through several years of related experience.
Ability to identify and support all third party billing opportunities, by ensuring required supporting data is collected and available to support all claims in accordance with relevant agreements.
Strong ability to identify and articulate incremental and full allocated costs of various initiatives and corporate actions under consideration.
Experience working with various collective agreements.
Proven research, analytical and problem solving skills.
Exceptional communication and presentation skills (inclusive of briefings and reports), with demonstrated ability to concisely explain essential financial impacts and issues to executives.
Experience accounting for, or analyzing costs related to employee benefit plans (e.g WSIB, Short & Long Term Disability & Post-Retirement Benefits).
Proficiency in all Microsoft Office Programs (Word, Excel, PowerPoint, Outlook), including experience with macros.
Experience with Excel macros is an asset.
Tactfulness in approach, especially when working with senior management, executive, and City staff.
Ability to work in high pressure, time sensitive environment.
Conscientiousness to ensure accurate cost capture against appropriate budgets, cost objects and initiatives.
Ability to effectively interpret financial data in accordance with contract terms, funding agreements or other factors.
Demonstrated experience in leading the implementation of change and continuous improvement initiatives.

We thank all applicants for their interest but advise that only those selected for an interview will be contacted.

The TTC is committed to fostering a positive workplace culture with a workforce that is representative of the communities it serves. Committed to the principles of diversity and inclusion, the TTC encourages applications from all qualified applicants. Accommodation is available for applicants, including those with disabilities, throughout the recruitment process. Please contact Human Resources - Employment Services at (416) 393-4570.

The TTC’s Employment Policy prohibits relatives of current TTC employees from being hired, assigned, transferred or promoted into positions, where there is a conflict of interest due to relationship. Should you be selected for an interview, you will be required to disclose the name, relationship, and position of any relative who is a current TTC employee.