Financial Manager, Major Capital Projects

Do you want to work for one of British Columbia's top employers? Are you passionate in building your career? If you have answered yes to these questions we want you to continue reading.

Fraser Health is responsible for the delivery of hospital and community-based health services to over 1.9 million people in 20 diverse communities from Burnaby to Fraser Canyon on the traditional territories of the Coast Salish and Nlaka’pamux Nations. Our team of nearly 40,000 staff, medical staff and volunteers is dedicated to serving our patients, families and communities to deliver on our vision: Better health, best in health care.

Join us on an exciting project and make history. The Royal Columbian Hospital Redevelopment Project (RCHRP) is a multi-year, multi-phase project to increase the hospital's capacity, beds and services.

RCH first opened in 1862, is a vital referral centre and regional centre of excellence for trauma, critical care, cardiac care, maternity, neonatal intensive care and neurosurgery. When the full redevelopment is complete, the people of British Columbia will have increased access to cardiac, trauma, mental health, maternity and NICU services and beds.

Position Highlights:

We are seeking a Full Time Financial Manager, Major Capital Projects with a demonstrated background in accounting, project management and leadership. You will be responsible for the capital planning, comptrollership, cash flow tracking and reporting of Fraser Health's (FH) major capital projects, while maintaining strategic business partnerships and developing financial budgets and financial service goals for all aspects of designated projects within FH. This position is located at the Fraser Health Central City Office in Surrey, BC.

If this sounds like the ideal role for you, here are more reasons why we think you should apply:

• A career that offers you the opportunity to work in a fast growing and exciting organization with professionals who are outstanding in their respective fields.
• Competitive salary package, including comprehensive health benefits coverage.

Take the next step and apply so that we can continue the conversation about this valuable position.

Effective October 26, 2021, all new hires to Fraser Health will need to have full COVID 19 vaccination (have received a full series of a World Health Organization “WHO” approved vaccine against infection by SARS-COV-2, or a combination of approved WHO vaccines). Please note this applies to all postings, and individual medical exemptions must be approved by the Provincial Health Officer.

Supporting the Vision, Values, Purpose and Commitments of Fraser Health including service delivery that is centered around patients/clients/residents and families:

Business and Procurement Modeling

1. Develops short and long term budget assumptions/goals to be used in the development of project financials for designated capital projects; works with project teams and external advisors to analyze and quantify project risks.
2. Supports the financial management of the designated capital project(s) through budget preparation, monitoring and reporting expenditures and variance analysis; contributes to the development and review of requisite financial models.
3. Develops, recommends and implements appropriate policies, procedures and systems for assigned projects to simplify workflow and meet regulatory and/or contractual requirements; problem-solves and provides education to users, where appropriate.
4. Provides comptrollership and business functions for assigned capital projects; prepares financial reports and manages the payment stream utilizing input from FH Accounting Services and Ministry of Health; ensures that financial reports comply to a number of parameters as required by Generally Accepted Accounting Principles (GAAP), Ministry of Health, FH Executive and FH accounting policies.
5. Leads a team of external advisors in the development of procurement options and funding analyses; provides project advisors with information needed to undertake their analyses and to undertake quality assurance review of their outputs.
6. Monitors changes in project assumptions in order to identify and quantify their budgetary and financial impact; develops revised and/or amended project financial forecasts, budgets and other related information as needed.

Pre-Construction Cost Estimates and Budget Development

1. Works with key internal staff and external consultants to develop pre-construction capital cost estimate budgets for designated major capital projects, including operating and start-up budgets.
2. Based on pre-construction estimates, leads the creation, development and implementation of detailed operational budgets for designated capital projects.
3. Monitors changes in order to identify and quantify their budgetary impact; develops revised and/or amended capital and operating financial forecasts, budgets and other related information as needed.

Project Accounting and Financial Reporting

1. Leads project accounting to monitor the financial aspects of project implementation.
2. Develops a capital cash flow forecast for assigned capital projects by working with internal stakeholders such as Facilities Planning to identify project timelines and associated cash spending for internal cash management for submission to the Ministry of Health.
3. Provides financial oversight of the Project Agreement including payment mechanism, policy changes, cash management, tracking and applicable reporting of the Project Agreement components.
4. Provides controllership and business functions for assigned projects; prepares financial reports and manages the payment stream utilizing information from Accounting Services and the Ministry; ensures financial reports comply with required parameters as required by GAAP, the Ministry, FH Executive and FH accounting policies.
5. Manages the payment stream from the Ministry of Health during project construction including the payment mechanism and cash flow during operations.
6. Identifies potential financial risks and issues and provides recommendations regarding risk mitigation/resolution to the Director, Financial Planning.
7. Collaborates with other FH financial team members to develop appropriate financial reporting of projects and project accounting.
8. Acts as a Finance resource and contact person with the Ministry of Health for requisite information and related financial queries such as business plan submissions, approvals, claims, capital plan and cash flow forecasts.
9. Represents FH on internal and external committees and/or boards, where applicable.

CPA recognized professional accounting designation.

Seven (7) years' recent related financial accounting experience with capital projects and project management including two (2) years' supervisory experience, or an equivalent combination of education, training and experience.

Professional/Technical Capabilities:

• Demonstrated experience in business case development
• Working knowledge of construction or major capital projects
• Demonstrated knowledge and understanding of Canadian finance, accounting concepts, principles and GAAP
• Knowledge of financial analysis methodologies including experience in the development and review of financial models
• Ability to effectively work independently or with others as a member of a team
• Ability to organize, plan, prioritize, multi-task and problem solve in a dynamic environment with changing priorities
• Ability to operate related equipment including applicable software applications
• Physical ability to carry out the duties of the position