Committed to fostering opportunities for current and future generations, the Region of Waterloo is an inclusive, thriving and sustainable region of connected rural and urban communities with global reach. Our mission is to serve, engage and inspire, by delivering quality services to a diverse population of 630,000+, while creating a healthy, collaborative environment of learning, respect and innovation.
This is a place where employees are valued and recognized for their talents and contributions to our success. Our employees take pride in making a difference in people's lives through the work that we do. We are looking for people like you to help make it happen.
The Infrastructure Financing team provides financial planning and consulting services to divisions within the Engineering & Environmental Services, Transportation Services and Planning, Development & Legislative Services Departments. The team is also responsible for managing the Region’s Development Charge By-law and infrastructure funding programs.
Provides/supervises the budgeting, accounting, and financial analysis services and support for clients and associated agencies (current portfolio includes Water, Wastewater, Water Distribution, and Wastewater Collection, Waterloo Region Heritage Foundation (WRHF), Grand River Conservation Authority). Provides financial analysis and reports for senior staff, Council, and Committee.
Apply your Knowledge, Skills & Abilities:
- You will supervise an Accounting Specialist and provide training to clients on accounting and/or budgeting systems, and related policies/procedures.
- You will prepare base operating and capital budgets for client review/approval, prepare initial budgets; review and make changes per client/corporate/Federal and Provincial government decisions.
- As the subject matter expert, you will provide input into budget issue papers, including projecting financial impacts, analysis, interpreting, and communicating financial information, including developing forecasts, summaries, cost-benefit analysis, fees and charges, and continuity schedules.
- You will participate in planning, coordinating, and organizing the preparation and approval of the budget, developing and administering capital financing plans for clients, including debentures, development charges, reserve funds, and other types of financing.
- You will update capital budgets based on Council approvals and determine year-end carry-forward budget amounts and financing requirements for capital projects and administer reserve and reserve funds to ensure adequate funds are available to finance capital projects.
- You will develop long-term strategies, scenarios, and projections to fund capital budgets, monitor actual expenditures and revenues monthly against approved budgets and implements financial control procedures.
- You will also work with clients for forecasting and planning purposes; identify possible variances; investigate and develop strategies to mitigate variances; report to senior management and Council as appropriate and ensure budget reports are available for clients, as requested.
- You get to administer/oversee the administration of financial accounts for clients, to ensure accurate financial reporting and required analysis, review and reconcile information to assist in the preparation of yearly financial statements, including trial balances, financial information returns, and financial statement notes.
- You will provide financial information, analyses, recommendations, and advice to clients, senior management, and Council, through standing committee and procurement report development and review, and as part of project teams with senior management, area municipalities, and other stakeholders.
- You will participate in the periodic review of the Regional Development Charge by-law, and prepare budget submissions and financial reports/claims to federal/provincial government for client programs receiving funding/subsidy, ensuring compliance, review agreements to ensure compliance with terms/agreements, develops and administers rate-setting models; and develops rate recommendations for Council.
- You will prepare yearly financial statements and Registered Charity Information Return for Waterloo Region Heritage Fund (WRHF), provide financial management support (represents the Treasurer) at WRHF meetings, participate on special project teams, as a financial representative on the management negotiating team for collective agreements to analyze financial impacts of proposals.
- You will respond to inquiries from external auditors, and authorizes purchase orders, invoices, and cheque requisitions, reviews expenditures over $10,000 for compliance before payment.
Apply Your Experience at the Region of Waterloo
- Knowledge of budgeting, management control systems, planning and accounting principles normally acquired through a Bachelor's degree in Business, Economics, Mathematics, Commerce, or related discipline, plus progressively responsible experience in the application of principles and techniques relating to cost/benefit analysis, present values, statistical analysis, and forecasting. Must have a professional accounting designation (CPA).
- Knowledge of and ability to comply with policies, procedures, generally accepted accounting principles, related legislation (e.g., financial management, purchasing, municipal, development charges, public sector accounting board), and collective agreements. Analytical, problem-solving, and continuous improvement skills to plan and develop objectives; conduct analyses; provide input into new guidelines and procedures for financial issues without precedent; make recommendations and decisions on financial issues; use initiative to resolve problems and achieve objectives; and resolve unusual or complex issues without precedent in consultation with senior management.
- Leadership, human relations, and communication skills to supervise, train, develop, motivate and support staff; communicate often complex and politically sensitive information to senior management and clients; obtain and promote cooperation with clients when exercising financial control over assigned budget areas; assist clients in adapting and changing with new legislation and regulations; conduct presentations and training to clients on financial systems; respond to questions/concerns regarding financial and budgetary concerns and special projects; and participate as an effective team member.
- Ability to read and interpret Council/Committee reports legislation and guidelines, technical proposals, policies, by-laws, and legal/funding agreements. Ability to write letters and reports to management, Council, and external contacts regarding financial updates and budget information; and draft/provide input into by-laws and legal agreements as required.
- Computer skills with the ability to use software such as Microsoft Office, and financial information systems. Ability to develop financial models.
- Must provide an acceptable Police Information Check (Level 2) for bondability.
- Ability to travel within (and occasionally outside) Waterloo Region.
- Ability to support and demonstrate the Region’s values.
Consideration will be given to candidates that are not fully qualified when no fully qualified applicants can be identified.
We thank all applicants in advance; however, we will be corresponding only with those selected for an interview.
The Region of Waterloo is an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process. At the Region, we respect, encourage and celebrate our diversity. The Region of Waterloo is committed to providing accommodations throughout the recruitment process. If you require accommodation, please notify us and we will work with you to meet your needs.
Alternate formats of this document are available upon request. Please contact the Service First Contact Centre at phone number 519-575-4400, or TTY number 519-575-4608 to request an alternate format.