Overview:

Reporting to the Director, Financial Planning & Analysis (FP&A), the Manager, Financial Forecasting is accountable for setting the departmental unit strategic direction and providing daily operational leadership for the Forecasting unit. The position works closely with Investments, Capital Management, Pricing, Claims, Financial Reporting and Budgeting departments in order to meet business objectives.

The department and the primary objectives are as follows:

• Financial Forecasting prepares and disseminates the corporate financial forecast for the annual Public Utilities Board (PUB) rate application and for Senior Management and Executive.

The Manager, Financial Forecasting is responsible for setting policies and procedures, and planning and analysis for forecasting, in order to align and aid in the attainment of the Corporation’s goals and objectives.

Responsibilities:

• Oversee the maintenance and updating of the Capital Management Corporate Financial Forecasting Model relevant to the Minimum Capital Test (MCT).
• Oversee the maintenance, updating, and auditing of the Corporate Financial Forecasting Model. All accounting, actuarial, expense, and investment changes need to be captured frequently within the Financial Forecasting Model to ensure accurate and reliable financial statements for the PUB and Senior Management
• Direct, review, coordinate, and administer short-and long-range financial forecasts for the Corporation and the department. Make recommendations taking into consideration expectations and uncertainties, historical information, trend analysis, economic indicators, competitive conditions, and corporate objectives and strategic plans.
• Oversee the preparation of the financial forecasts, reports, analysis, explanations, and exhibits for inclusion in the PUB General Rate Application. Work with various departments to coordinate inputs into the financial forecast.
• Participate in the General Rate Application (GRA) responses to interrogatories and attend the PUB rate hearing as an advisory resource.
• Participate in and engage others in decision-making, information sharing, and identifying opportunities for improvement, resolution of client group concerns, and encourage others to do the same.
• Support the implementation of new policies and procedures and corporate strategic initiatives.

Qualifications:

Education:

• Degree in accounting, finance, business, or related discipline.
• Completion of a Chartered Professional Accountant Designation (CPA).

Experience:

• Eight years of senior-level experience in financial analysis and financial forecasting experience including.
  • Five years are in a leadership position.
  • Experience in financial information systems and software applications with a focus on financial forecasting.
  • Experience in developing and maintaining partnerships and contractual relationships.

Technical Knowledge and Skills:

• A technical foundation in accounting with a working knowledge of related principles, including Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
• Lead large, diverse teams.
• Work effectively and efficiently in interdisciplinary teams across an organization.
• Work under strict deadlines.
• Advanced organizational and time-management skills.
• Advanced communication and interpersonal skills, including the ability to present information effectively to various audiences.

Employee Benefits:

Health benefits

We offer a comprehensive health benefits program that includes:

• flexible health, dental and vision plans
• health spending account
• travel health coverage
• other extended health benefits such as ambulance, massage and physiotherapy

Financial security

In an effort to support financial security, we offer:

• registered pension plan
• group, dependent, and optional life insurance coverage
• critical illness insurance
• sick leave to cover short-term disability
• long-term disability

Wellness

We offer programs that focus on how to better achieve a balance between work and personal commitments, as well as maintain a healthy workplace culture. This includes:

• vacation entitlement
• flexible work arrangement for eligible positions
• maternity, parental and adoptive leaves
• bereavement and family responsibility leaves
• employee and family assistance program
• mental-health programming
• lunch-and-learn offerings
• discounted gym memberships and wellness account

Diversity and inclusion

Manitoba Public Insurance believes that diversity and inclusion strengthens us. We consider ourselves to be a barrier-free organization where individual values, beliefs and practices are respected and appreciated for the diversity they bring to our work life.

Employee recognition

It’s important to recognize our employees for their contributions. Not only do we recognize employees as they achieve milestone years in their careers, we also have several outlets for leaders and peers to reward each other for work well done.

Professional development

We want our employees to grow, which is why we offer support in keeping their skills up-to-date. We offer in-house training, professional development and an educational assistance program.

Safety and health

In an effort to encourage a safe and healthy work environment, we offer various safety, health and workplace policies and programs along with technical expertise and assistance to support employee activities in safety and health.