Description
Job Description
Our client in the healthcare sector is a newly established not-for-profit organization dedicated to integrating healthcare services around the needs of individuals in Mississauga and West Toronto. The organization currently operates two state-of-the-art long-term care (LTC) homes and a community hub in West Mississauga. Together, these homes offer 632 beds and form part of a broader strategy to deliver innovative, inclusive programs and modern models of care. The organization is committed to building strong partnerships, fostering a learning-oriented healthcare environment, and providing exceptional services across the aging continuum.Operate at a strategic level by monitoring, assessing, interpreting, and reporting on the fiscal performance of our client in the healthcare sector.
Evaluate resource utilization, spending patterns, and key performance indicators to ensure financial targets are achieved.
Recommend corrective measures to the Executive Team when risks, variances, or budget pressures are identified.
Prepare multi-year operating plans, business plans, annual budgets, and financial forecasts.
Lead the annual budgeting process in collaboration with department leaders, developing detailed budgets for staffing, supplies, facilities, and operational needs.
Develop briefing notes and presentation materials for key committees, including Finance & Audit (F&A) and Risk & Quality (R&Q).
Monitor and analyze variances between actual results and budgeted performance, identifying cost drivers and improvement opportunities.
Build and maintain advanced financial models, including sensitivity and scenario analyses.
Analyze trends in resident demographics, healthcare costs, government reimbursements, and funding programs.
Prepare accurate and timely forecasts, highlighting assumptions, risks, and potential opportunities.
Deliver monthly and quarterly management reports to senior leadership and the Board, showcasing KPIs and recommending actions to maintain financial sustainability.
Conduct detailed assessment of operational performance, expenditures, working capital, cash flow, and key performance indicators.
Identify business opportunities, revenue enhancement strategies, and funding proposals.
Collaborate with cross-functional teams to evaluate strategic initiatives and assess financial implications of new operational plans.
Work with department directors to optimize resource allocation and maintain high-quality resident care.
Partner with operational teams to implement and monitor cost control measures without compromising service delivery.
Identify and mitigate financial risks while maximizing opportunities for financial improvement.
Support the development of business cases and analytical reports for departmental and organizational initiatives.
Collaborate with external stakeholders, including auditors, government agencies, and financial institutions.
Stay current with long-term care funding frameworks and provincial regulations; maintain funding summaries to support strategic decisions.
Ensure compliance with funding requirements and prepare reports for government audits and inspections.
Communicate financial insights, trends, and recommendations clearly to non-financial audiences.
Maintain adherence to all applicable healthcare finance regulations, standards, and policies.
Participate in special projects and other financial assignments as needed.
Minimum of 7+ years of progressive financial analysis experience within the healthcare or long-term care sector. CPA designation preferred or in progress.
Bachelor’s degree in Finance, Accounting, Healthcare Administration, or a related discipline.
Master’s degree in Business Administration, Healthcare Administration, or equivalent experience is preferred.
Demonstrated expertise in budgeting, forecasting, and advanced financial modeling.
Advanced proficiency in Microsoft Excel, including modeling and analytics.
Strong skills in Microsoft Word and PowerPoint.
Experience with enterprise financial and budgeting systems; knowledge of Adaptive, Microsoft Business 365, and PeopleSoft is an asset.
Strong understanding of financial regulations, accounting standards, and industry best practices.
Our client in the healthcare sector is a newly established not-for-profit organization dedicated to integrating healthcare services around the needs of individuals in Mississauga and West Toronto. The organization currently operates two state-of-the-art long-term care (LTC) homes and a community hub in West Mississauga. Together, these homes offer 632 beds and form part of a broader strategy to deliver innovative, inclusive programs and modern models of care. The organization is committed to building strong partnerships, fostering a learning-oriented healthcare environment, and providing exceptional services across the aging continuum.
Key Responsibilities:
Strategic Financial Management:
Financial Analysis & Reporting:
Operational & Performance Analysis:
Risk Management & Compliance:
Skills and Qualifications:
Job Type: Full-time
Pay: $75,000.00-$85,000.00 per year
Work Location: In person
