Financial Analyst, Asset Recovery (FMG/PA 2)

Summary

The incumbent is responsible for conducting the cost of holding analysis, recommending which Assets should be held or disposed of, and cost of service analysis for the recovery of Shared Service Costs. 💰Salary Range: $4,266,270 - $5,737,658 per annum.

Responsibilities

• To administer the Asset Recovery Branch’s cost of holding analysis:

  • • Analyzes the incoming reports from compliance officer’s site visits, taking stock of the inventory of items needed to be done to protect the asset and ensure that the asset is maintained at the same level before in being under the FID’s control;
  • • Develops a cost schedule from the Asset Management Plan (preventative maintenance + Emergency Issues that will need to be resolved) to forecast over the projected period the Asset will be in the custody of the FID;
  • • Develops a monthly report on the Holding cost of an asset to help the Senior Director, Asset Recovery see the financial viability of holding an asset;
  • • Compares forecasted costs with actual costs to aid in management decisions about asset types.
• To develop and administer a cost of service analysis for the recovery of shared services:

  • • Develops a financial model which; ➢ captures on a monthly basis all Asset Management related expenditures and resources (both direct and indirect/support), ➢ identifies those costs attributable to activities performed by the Asset Recovery Branch and ➢ assigns those activity costs to the assets that consume those activities
  • • Creates monthly, quarterly annual reports that analyse the Asset Recovery Branch’s Service cost by Asset for the Senior Director, Asset Recovery.

Required Knowledge, Skills and Competencies

• Core:

  • • Flexibility & Adaptability
  • • Problem Solving & Critical Thinking
  • • Stewardship Responsibility & Accountability
  • • Communication
  • • Teamwork
  • • Emotional Intelligence
  • • Relationship Building & Networking
  • • Innovative Thinking
  • • Results-Oriented
• Knowledge:

  • • Skilled in the use of accounting packages (ACCPAC, FINMAN, Dynamics, or similar Enterprise multi-user application) where business users in discharging their accountabilities are effecting accounting transactions.
  • • Expertise in the manipulation and use of data to provide information and business insights to information consumers outside of the Finance Function.
  • • Sound knowledge of Excel and the use of macros and pivot tables. A capacity in the use of visual basic and/or Business intelligence tools would be an asset.
  • • Knowledge of Business Process Improvement and Enterprise Performance Management methodologies.

Preferred Qualifications

• ★ Undergraduate Degree in Business Administration, Business Economics, Finance, Accounting or a related field.
• ★ Pursuing an internationally recognized accounting designation (CPA- CMA, ACMA)
• ★ Minimum of 4 years’ experience as a budget analyst
• ★ Hands-on experience in the use of IT-based integrated Accounting and reporting applications

Additional Information and Instructions

• ℹ May be required to work beyond the normal working hours
• ℹ May be required to work on weekends and public holidays