Associate Finance Business Partner (Hybrid)

About the Workplace Safety and Insurance Board (WSIB)

We’re here to help. When an injury or illness happens on the job, we move quickly to provide wage-loss benefits, medical coverage and support to help people get back to work. Funded by businesses, we also provide no-fault collective liability insurance and access to industry-specific health and safety information. We are one of the largest insurance organizations in North America covering over five million people in more than 300,000 workplaces across Ontario. For more information, visit wsib.ca.

At the WSIB, you’ll have the opportunity to:

• explore many career paths and follow your passion
• continuously learn and grow professionally
• be recognized for the great work you do
• participate in programs that support your health and wellbeing

You’ll also receive a competitive salary and may be eligible to participate in our health and dental plan.

We are establishing our new head office in London and looking to grow our team! Candidates located in this region will be given preference.

Our people have different ways of working and lifestyles. We’re committed to a mix of working in the office, in the field and from home. You have some flexibility in terms of where and how work gets done to help you balance your personal life and career goals.

This job may require travel to Toronto, or in other locations across Ontario for in office days, training, or events.  In office days are typically held monthly.  Travel reimbursement will be provided in accordance with WSIB policies. 

This is a temporary contract opportunity for up to 24 months.

Salary From:  $87,999.00

Job Summary:

The Associate Finance Business Partner works with the Finance Business Partner in providing financial support to the assigned cluster.  This includes providing financial advice in order to help ensure that the cluster achieves its operational and strategic goals in a financially responsible manner. 

Major Responsibilities:

Provide financial support to the assigned cluster by:

1. On a monthly basis, complete the cluster’s admin expense & headcount variance commentary to submit to the Financial Planning group to be rolled up in the monthly and quarterly management report to senior management. Communicate and help resolve any issues with Finance Business Partner and divisional management.

•  Review divisional admin expense variance analysis submitted by the business. Perform analysis (system queries, reasonability analysis/calculations, journal entry analysis, follow-up questions, etc.) to ensure commentary is accurate and complete. Make changes to commentary as required based on analysis performed and communicate results to the business when complete.
• Perform cluster headcount analysis and commentary by comparing actual headcount to budget and prior year for each division by identifying variances and communicating with the business to determine and document the reason.
• Prepare cluster level commentary for admin expense, Review commentaries with Finance Business Partner and make changes as necessary.
• Help present cluster financial results to senior finance management.
• Identify any issues and help resolve any problems with the Finance Business Partner and divisional management

2. On a quarterly basis, provide hands-on assistance to the business in completing their quarterly divisional forecasts and provide commentary to the cluster’s overall forecast. While assisting in the forecasting process, identify and help resolve any issues with the Finance Business Partner and divisional management.

• Prepare templates and support materials for the business.
• Train and educate the business on forecasting materials to ensure they have a proper understanding.
• Drive the process to quantify forecasted headcount, salaries and non-salary expenditures. Enter forecast into budget system for Q1 and Q3 forecasts.
• Perform independent review and analysis of each division’s completed forecast templates (ensure consistency across WSIB; ensure assumptions are reasonable) and suggest changes where applicable.
• Roll up the template’s output into the proper account format for WSIB reporting.
• Review division’s forecast report with senior divisional management if necessary
• Complete a draft commentary of the cluster’s forecasted admin expense & head count variance commentary to the Financial Planning group to be rolled up in the monthly and quarterly management report to senior management.
•  Review commentary and forecasts with the Finance Business Partner and make changes as necessary.  Help present cluster forecast to senior finance management.
• Identify any issues and help resolve any problems with the Finance Business Partner and divisional management

3. On an annual basis, help complete a draft commentary of the cluster’s administrative expense and head-count budget to submit to the Financial Planning group to be rolled up in the budget report to senior management. Identify and help resolve any issues with the Finance Business Partner and divisional management. 

•  Assist divisions in developing an annual plan and budget and help ensure that budget assumptions are reasonable.
• Identify any issues and help resolve any problems with the Finance Business Partner and divisional management
• Roll up cluster budget commentary for headcount and administrative expenses

4. On an ongoing basis, provide direction and assistance to the business with the development of business cases:

•  Review cost & benefit assumptions for project (ensure consistency across WSIB, challenge project manager where assumptions may be biased, ensure reasonability)
• Quantify expected costs & benefits for project
• Provide business recommendations to project team (identify unrecognized opportunities & risks, consider alignment with WSIB-wide strategy, help predict senior management’s questions/concerns)
• Assist the project manager with ad hoc financial issues as they arise during the course of the project.

5. On an ongoing basis, help identify process improvement opportunities and/or assist in the creation of new processes & tools. Examples in the past have included Monthly accruals training materials & training, Headcount tracking & salary variance tools for the business, and Finance Project Close-out Process & Check-list for PMO. 

6. On an ongoing basis, perform ad-hoc requests as assigned or requested by the business, including coordinating system/cost center changes required due to reorganization, creation of cost center/set up budget for approved project fund releases, process documentation, and investigation/research on areas without historical knowledge such as policy grants

 Job Requirements:

1. University: Bachelor’s Degree in Business with a focus in accounting or finance

Our commitment to equity, diversity and inclusion

We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated.

The WSIB is committed to being accessible and inclusive, and following barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require accommodation through any stage of the recruitment process, please let us know when we contact you and we will work with you to meet your needs.

Disclosing conflicts of interest

As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. A conflict of interest is any situation where your private interests may impair or be perceived to impair the decisions you make in your official capacity. This may include: political activity, directorship, other outside employment and certain personal relationships (e.g. with current WSIB employees, customers and/or stakeholders). If you have any questions about conflict of interest obligations and/or how to make a disclosure, please contact the Talent Acquisition Centre at talentacquisitioncentre@wsib.on.ca.

Privacy information

We collect personal information from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1997. The Talent Acquisition Centre and WSIB hiring parties will used this information to assess/validate your qualifications, determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. If you have questions or concerns regarding the collection and use of your personal information, please contact the WSIB’s Privacy Office at privacy_office@wsib.on.ca. The Privacy Office cannot provide information about the status of your application.

As a precondition of employment, the WSIB requires that prospective candidates undergo a criminal records name check any time before or after they are hired.

To apply for this position, please submit your application by the closing date.