Senior Financial Analyst, Municipal Funding

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Position Level:
Executive
Position Type:
Full-time
Salary Range:
$94,058 - $110,055
Preferred Designation(s): CPA
Closing Date:

City of St. Catharines

Join us to shape the future of St. Catharines!

About the City:

In the city of St. Catharines, we are committed to realizing the vision outlined in The City of St. Catharines - Strategic Plan 2023 to 2027.  Our goal is to cultivate a city that thrives on safety, innovation, sustainability, and caring, not just for today, but for generations to come. Join our team and be part of a meaningful journey to shape the future of our community, leaving a lasting impact that extends far beyond the present. 

About the Role:

The Senior Financial Analyst is responsible for assisting in the planning of long-term financial strategies/plans including Development Charges, Inclusionary Zoning and Community Benefits Charge, Water and Wastewater program and other capital funding and the administration, review and reconciliation of Municipal Funding including the Development Charges (DC’s), Inclusionary Zoning and Community Benefits Charge (CBC).  Other duties include but are not limited to tracking and reporting of Municipal funding.

What You Will be Doing: 

(These set out the principal functions of the position and shall not be considered as a detailed description of all the work requirements).

  • Assist with the development of long-term capital financial strategies and planning including Development Charges, Inclusionary Zoning and Community Benefits Charges, 10-Year Water and Wastewater Financial Plan and other capital funding.
  • Assist with reviewing and updating of the City’s 10-Year Water and Wastewater Financial Plan every 5 years under the Safe Drinking Water Act (SDWA).
  • Assist in reviewing and submitting Capital Grants and grant reports by liaising with various City departments, gathering and analyzing financial data associated with projects and ensuring compliance with funding requirements.
  • Provides By-law interpretations to the Planning and Building Services (PBS) department and development community.
  • Quoting and calculation of interest for SP/ZBAs application ensuring correct Development Charge rates are calculated and quoted to Developers and the City’s Development Charge interest rate policy is applied consistently and accurately.
  • Manage and administer development charge grant programs, the deferral program and related grants and reductions, ensuring accurate information and calculations are provided to the development community.
  • Tracks development charges exemptions, credits, and deferrals.
  • Calculates and records interest where applicable.
  • Ensure Development charges collected are properly allocated in accordance with PSAB.
  • Ensures deferred development charges are collected as they come due and remits Regional portion to Niagara Region.
  • Liaises with internal departments/legal to ensure compliance with the Development Charges Act and associated regulations, grants, agreements and the City's Development Charges Bylaw.
  • Monitors forecasted vs actual Development Charge collections.
  • Monitors pace of growth to ensure capital projects are aligned with timing of new developments and with planned scope of works for which the City is collecting funding; provides periodic statistical analysis to support decision making.
  • Ensures compliance with Development Charge legislation by providing support on creation of policies, work instructions and process maps.
  • Prepares the Annual Treasurer's reports as required by legislation.
  • Prepare reports and updates for Council and staff on legislative changes and programs related to DCs, CBCs, IZ, Water and Wastewater, capital projects and grant funding.
  • Completes monthly reconciliation of Development Charges collected to Building Permit Reports.
  • Completes monthly accounting reconciliations for Development Charge Reserve Funds.
  • Assists with Development related Capital Project reconciliations.
  • Prepare and reconcile data for the Financial Information Return.
  • Prepares revenue forecasts for development charges and associated exemptions, aligned with the growth forecast;
  • Prepares capital revenue analysis.
  • Works with Operations/Planning and Development departments to develop up-to date capital costing database of all development charge capital projects.
  • Key resource to operating departments for the implementation of all corporate financial policies, in particular Operating Budget Management and Capital Expenditure Control.
  • Provides direction, guidance, assistance, review, and analysis to the departments for the completion of the operating budget, water and wastewater budget, capital budget/forecast, operating budget forecast and general levy forecast and forecast to actual comparison.
  • Lead Corporate projects, including updates of the Development Charges and Community Benefits Charges background study and by-law, as required by legislation and represent Financial Management Services in master plans being undertaken by other departments and other growth-related studies.
  • Perform other related duties as assigned

About You:

Qualifications:

  • University degree in Business Administration, Commerce, Accounting, Finance or similar field of study.
  • Five (5) years’ experience in accounting, financial analysis, budgets, or equivalent preferably within the Ontario Municipal finance sector.
  • AMCTO Municipal Accounting & Finance certificate and/or CPA designation.
  • MFOA Municipal Finance 101 course is an asset.
  • Demonstrated knowledge of, and ability to interpret and apply the Development Charges Act, Planning Act, the Municipal Act and all other relevant regulations impacting the accounting and reporting of municipalities.

Skills:

  • Proven ability to communicate complex concepts verbally and in writing.
  • Excellent research, analytical and problem-solving skills.
  • Demonstrated excellent organizational and time-management skills, with ability to prioritize and complete tasks with keen awareness for accuracy and attention to details.
  • Experience with, and ability to manage projects.
  • Ability to develop, review and make process improvements.
  • Ability to work independently as well as work collaboratively and effectively as part of a team.
  • Expert knowledge and technical skills working with Microsoft Excel.
  • Ability to adapt quickly to applicable software.

 Other Requirements:

  • Proven completion of Ministry of Labour Worker Health and Safety Awareness training.
  • A demonstrated commitment to enhancing a safety culture.
  • Ability to travel between City work locations is required.
  • Proof of education will be required upon hire.             

What’s in it for you: 

  • Salary & Benefits: Get a competitive salary plus health, dental, vision, and life insurance coverage (for applicable positions).
  • Pension Plan: Enjoy enrollment in the OMERS pension plan with matched contributions for a secure retirement.
  • Flexibility: Achieve work-life balance with our hybrid work environment (for eligible positions).
  • Training: Access training and development funds to support your career growth.
  • Make Your Mark: Share your ideas, drive change, and leave a lasting impact through modernization efforts.
  • Great People: Work with a supportive team and leadership focused on your success. 

Other Job Details:

  • Rate: $94,058 - $110,055
  • Employee Group: Non-Union
  • Division: Financial Management Services
  • Department: Budget Office
  • Position Type: Full-time, Temporary
  • Work Mode: Hybrid
  • Work Location: St. Catharines City Hall
  • Hours of Work: 8:30am to 4:30pm
  • Number of Openings: 1
  • Job ID: 2025-74
  • Posted Date: March 04, 2025
  • Application Deadline: Open until filled 

Additional Information:

To ensure fairness and efficiency in our recruitment process, we kindly request that all applications be submitted through our official portal.  Applications received through other channels will not be considered.  We also advise applicants to maintain up-to-date contact information and regularly check their spam and junk email folders, as important communications regarding their application may be directed there. 

For applicable positions, the recruitment process will be conducted using video conference technology. Please note that for certain roles, in-person interviews may be required. 

The City of St. Catharines does not use AI Technology in any part of the recruitment process. 

Employment Equity, Inclusivity and Accommodation:

Dedicated to fostering an inclusive and accessible work environment, the City of St. Catharines is an equal opportunity employer committed to accommodating the needs of applicants under the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act (AODA).  We encourage applicants to inform the Human Resources Division of any accessibility needs to ensure they are accommodated throughout the recruitment and selection process.