Job ID# 148699 - OSAP Financial Officer ID: 64262

Deadline Date: 2020/06/01

Location:  Thunder Bay

Organization: Ministry of Colleges and Universities

Division: Advanced Education Learner Supports Division, Student Financial Assistance

Branch City: Thunder Bay

Job Term: 2 Temporary up to 12 months (with possibility of extension)

Job Code: 20203 - Financial Officer 2 (B/U)

Salary: $1,101.80 - $1,348.73 Per Week* *Indicates the salary listed as per the OPSEU Collective Agreement

Posting Date:
 Thunder Bay
 189 Red River Rd
Start Date:
 36.25/ week
 $1,101.80 - $1,348.73 Per Week
Number of positions:
Days of work:
 Monday, Tuesday, Wednesday, Thursday, Friday
 Business, Finance and Administration
In this role, you will:
- Be responsible for the accounting and reporting of the loan, grant, bursary and scholarship programs offered under OSAP
- Exercise financial oversight and control over the funding issued to service providers and educational institutions
- Collaborate with other program areas in the development of budgets, proposals and business plans
- Conduct detailed financial analysis of programs to support the decision-making process
- Engage with stakeholder partners in the implementation and delivery of ministry's mandate and initiatives
- Review the effectiveness and efficiency of processes and identify opportunities for improvements and enhancements
- Ensure compliance with the legislative requirements and established policies for OSAP
- Respond to student and institutional inquires and issues relating to policies, funding and financial assistance
- Be expected to work on multiple files with conflicting deadlines and deliver quality results
Technical Knowledge:
You have knowledge and demonstrated experience in:
- Interpreting, implementing and application of financial management, accounting and reporting principles and concepts, General Accepted Accounting Principles and the standards issued by Public Sector Accounting Board (PSAB) to ensure accuracy, reliability and integrity of financial information
- Risk management framework to design, implement and monitor internal controls that are effective in mitigating risks to the program
- Audit principles to participate, assist and prepare information/ materials for internal and external auditors for financial and operational audit and review engagements and implement the recommendations
Reviewing and applying legislations, regulations and policies
Analytical, Research and Problem-Solving Skills:
- You can prepare detailed and complex financial analysis to determine the impact of funding programs, business plans and policies for budgeting, forecasting, monitoring and decision-making purposes
- You have proven ability to review, research, assess and provide advice on financial and operational issues/ matters
- You can provide trend analysis, identify issues, conduct research and root-cause analysis, recommend and implement corrective actions to resolve issues, reduce risks and follow-up to ensure the processes are functioning per standards
- You have the ability to identify, evaluate and combine data from different sources to analyze qualitative and quantitative data and produce information to assist with the decision-making process
Communication, Consultation and Interpersonal Skills:
- You can interpret, explain and provide advice on processes, policies, legislation and regulations to a variety of stakeholders
- You can coordinate and collaborate with various stakeholders on initiatives, issues and inquires
- You have the ability to exercise tact and diplomacy when responding to inquiries from students and other ministry partners
- You have strong written communication skills to prepare summaries, briefing notes and presentation material to support and form the basis for decision-making and planning
- You have strong verbal communication skills to explain complex analytical findings, deliver presentations, collaborate with stakeholders and represent the unit at various forums
Organizational and Time Management Skills:
- You can coordinate financial and administrative activities
- You can determine priorities, ensure deadlines are met and provide timely information/ response to stakeholders
- You have experience in creating and updating procedures, manuals and guidelines
Computer Proficiency:
- You have proficiency with financial systems and reporting software (e.g. Integrated Financial Information System (IFIS), word processing, presentation, flowchart and business intelligence software
- You have advanced knowledge and experience with MS Excel and developing Excel based financial models and reports
- You have experience with creating business requirements to assist in the development/ modification of systems
Closing Date/Apply by:
How To Apply:
How to apply:
1. You must apply online at
2. Your cover letter and resume combined should not exceed five (5) pages. For tips and tools on how to write a concise cover letter and resume, review the Writing a Cover Letter and Resume: Tips, Tools and Resources
3. Customize your cover letter and resume to the qualifications listed on the job ad. Using concrete examples, you must show how you demonstrated the requirements for this job. We rely on the information you provide to us
4. Read the job description to make sure you understand this job
5. OPS employees are required to quote their WIN EMPLOYEE ID number when applying.
6. If you require a disability related accommodation in order to participate in the recruitment process, please Contact Us to provide your contact information.
Recruitment Services staff will contact you within 48 hours. Please be advised that the results of this competition may be used to form an eligibility list of qualified candidates to potentially fill future vacancies represented by the Ontario Public

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