Education Level

Undergraduate degree or College diploma in related area, and working towards accounting designation.

Minimum of 3 years’ experience effectively managing/working in a large financial portfolio.

Proven experience in leading and supervising teams with a focus on accomplishing departmental goals and objectives on a sustained basis.

Knowledge/Skills

Proven skills in financial Management, reporting and complex analysis.

Experience in the development, implementation and reconciliation of budgets.

The ability to effectively communicate financial information to audiences of varying size and acumen.

An excellent understanding of comprehensive financial information including annual personnel agreements, Academic Merit Systems, MOH funding and University operating and year end account reporting is required.

Superior oral and written communication skills, organizational, time management and interpersonal skills are essential.

High level of integrity.

Job Description

DepartmentDescription

The Department of Family Medicine (“DFM”) has over 240 staff and 1,500 faculty distributed throughout thirteen teaching sites and surrounding communities, teaching 214 residents and over 650 other health qualified learners annually, and through its affiliated faculty members serving over 1,000,000 patients within southern/south Central Ontario. It is a recognized leader in family medicine teaching, research, and practice nationally and internationally. It is one of only two academic Family Medicine departments in Canada that directly operates primary care clinics, operating two large clinical teaching units (“CTU”) as a joint venture with Hamilton Health Sciences and the McMaster Family Health Organization Association.



The CTUs encompass forty physician practices serving over 45,000 patients and training over 70 family medicine residents annually, supported by more than 40 administrative staff in addition to physicians and a team of more than 20 other health professionals.

DFM's annual budget exceeds forty million dollars with revenue sources encompassing university operating allocation, Alternative Funding Plan ("AFP") and Clinical Practice Plan ("CPP"), Family Health Team funding ("FHT"), a full spectrum of research funding (e.g. endowed Chairs, trusts, CIHR career awards, internal and external grants, etc.), program-specific education funding, real estate and commercialization proceeds, and clinical income from physician practices within the CTUs. Its Finance Team manages the full financial cycle and corresponding functions for all areas within the academic department as well as for the CTUs, the latter including patient care billings and physician remuneration.

Job Summary

The Assistant Finance Manager ("Manager") provides effective and efficient financial management of Alternate Funding Plan ("AFP") and operational funding for education and research under the direction and supervision of the department’s Finance Manager. The Manager will provide day-to- day management of the relevant budgets and accounts.



The Manager will maintain decision-making authority in collaboration with the Finance Manager and the Director of Administration and will work collaboratively with the Finance Manager to ensure overall Department financial goals and strategic plans are attained and adherence to all related policies and procedures.

Accountabilities

Financial Management/Budgeting

- Determines financial priorities, in conjunction with the Finance Manager, Director of Administration, Department Leadership and the Financial Management Committee(s).
- Develops, implements, and monitors the budgets for the AFP, Clinical Practice Plans and operating programs in conjunction with the Finance Manager
- Determines effective use and reconciliation of various systems of financial data within partner institutions including Regional Medical Associates (RMA), Ministry of Health (MOH) and as required the University to ensure the accuracy of the Departments/Associations financial statements.
- Reconcile and allocate AFP funds amongst Physician Associations.
- Updates projections for revenue and expenditures and revises the financial plan accordingly.
- Develops and maintains adequate financial controls in accordance with university and external funders policies and procedures.
- Works collaboratively with the Finance Manager in the development of the Department’s Operating Budget.
- Supports the development of financial plans for new funding initiatives and business plans by providing accurate financial statements, forecasts and the status of the clinically driven finances (AFP’s, CPP and related external funding).
- Liaises with Financial Managers/Directors from partner institutions such as, but not limi

📌 Assistant Finance Manager (Canada)
🏢 McMaster University
📍 Canada