Date Posted: 04/28/2025 Req ID:42700 Faculty/Division: UofT Scarborough Department: UTSC:Dept:Physical and Environmental Sci Campus: University of Toronto Scarborough (UTSC) Description: About us: The University of Toronto Scarborough is a place of energy, enthusiasm and passion. Our commitment to inclusive excellence attracts the brightest learners, scholars and employees from around the globe.Our success has been made possible by the opportunity given to us by our Indigenous hosts to operate on their territory, and we cherish our continuing partnerships with these communities. The University of Toronto Scarborough is an exciting campus with unlimited potential. Join us on our journey. The Department of Physical and Environmental Sciences is built on a strong foundation of dedicated staff and faculty. This Department is a multidisciplinary unit comprised of four primary groups: Chemistry, Environmental Science, Environmental Studies and Physics and Astronomy with faculty who are engaged in vital research to better understand our environment. This Department is a place where diversity fuels innovation. Discover a campus filled with energy, culture and world changing ideas and facilities. Discover the University of Toronto Scarborough. This search aligns with the University's commitment to strategically and proactively promote diversity among our community members (Statement on Equity, Diversity and Excellence). Recognizing that Black, Indigenous, and other Racialized communities have experienced inequities that have developed historically and are ongoing, we strongly welcome and encourage candidates from those communities . Your opportunity: Reporting into Senior Manager, Finance and Administration, the Business Officer will be responsible for the overall financial management of the Department. The incumbent provides critical oversight of the Department's account's payables/receivables, leads procurement activities, oversees payroll operations, prepares budget reports, forecasts, regular monthly monitoring reports and provide data analysis to support Department Leadership decision making. The Supervisor ensures that all financial transactions are aligned with: general accepted accounting principles, the University's Guide to Financial Management and Research Sponsor Agencies. The incumbent also needs to ensure that HR/payroll transactions conform to all legislated policies and collective agreements. The Business Officer will regularly review and recommend financial process/procedures improvements to ensure they remain current, are efficient in when it comes to staff resources, increase transparency, improves accountability and customer satisfaction. Your exceptional organizational and leadership skills will enable you to oversee, train and mentor a team of high caliber staff and ensure the Department meets all of its fiduciary responsibilities. Your creativity will help foster an environment of innovation designed to improve the efficiency and effectiveness of our processes. The Department places a strong emphasis on data management and process automation so your ability to create automated processes that gather, sort, analyze and present data will be critical in supporting the Department's efforts to streamline its processes to improve accountability and transparency. This is an excellent opportunity to join our dynamic and dedicated team that values new ideas and initiatives, and the teamwork required to see those ideas become reality. Your responsibilities will include: : Forecasting, planning and monitoring multiple complex budgets : Analyzing financial trends and preparing analytical reports and forecasts for management decision making : Monitoring department budget to ensure expenditures remain within budgeted allocations : Applying the University Guide to Financial Management and other applicable policies, agency and regulatory requirements : Preparing accounts pay