Senior Financial Analyst - Development (5003)

Develops and maintains a rolling forecast of development growth and associated revenues. Monitors the pace of actual development growth in the City against forecast and monitors actual capital spend against forecast, advising on availability of funding impacting the timing of capital projects.

Tracks and reports on development charges collected, exemptions, credits and deferrals in accordance with legislation and the City’s by-law. Reviews transactions and prepares financial analysis to ensure proper accounting, making correcting entries as required. Ensures proper collection of development charges.

Provides guidance and advice to the public and internal departments regarding the interpretation of development charges legislation and the City’s development charges by-law. Liaises with the Region of Waterloo and School Boards on development charge matters.

Prepares financial analysis and presents informative financial results for Council and the public’s understanding on growth related revenues such as the annual legislated development charges report and growth outlooks as part as part of the annual budget. Prepares reports to Council or Committees.

Interprets, identifies and assesses changes to legislation impacting growth revenues including the Development Charges Act and Planning Act as well as accounting requirements under the Public Sector Accounting Board (PSAB) standards; provides assistance to the Deputy Treasurer regarding the design and implementation of effective policies and procedures.

Responsible for ensuring proper collection, recording, tracking, and refunding of financial obligations (deposits and/or letters of credit) from development agreements such as subdivisions and site plans, building permit deposits and infill grading deposits. Prepares reconciliations; investigates and corrects errors and issues as required, liaising with Technology Services, Planning, Building and Engineering.

Acts as project manager for the City’s Development Charges Background Study and By-law, which includes coordinating multiple departments throughout the City, managing external consultant, and leading stakeholder/public engagement process. Coordinates and prepares financial schedules and analysis relating to updates to the City’s Development Charges Background Study and By-Law. Provides input into the growth forecast, and ensures growth and capital forecasts are aligned.

Responsible for the proper recording and accounting of tangible capital assets assumed from developers

Investigates best practices, conducts research and makes recommendations regarding policies and processes.

Performs special projects as required.

Other duties as assigned.