At Alberta Finance you
have the opportunity to become involved in unique
work. Think balancing your cheque book is a challenge?
Imagine doing it for the whole province. Or imagine
working with Alberta ministries to develop their
budgets, investing $47.2
billion, collecting provincial taxes or regulating
public pension plans. Imagine using your skills
and knowledge to contribute to building a strong
and sustainable Alberta.
Alberta
Finance forecasts the province’s economic
future; manages provincial revenues and investments;
regulates insurance, pensions and financial institutions;
coordinates the budget; provides risk management;
regulates Alberta’s capital market; manages
the provincial debt; maintains a fair and competitive
tax system, analyzes financial trends; and develops
policies and legislation.
Alberta
Finance has approximately 550 employees over eleven
divisions.
Investment
Management Division
The Investment Management
Division (IMD) was established to act as the investment
manager for pools of capital assigned by statute
to the Minister of Finance and for investments of
other provincial public sector bodies, where specific
agreements have been made. With approximately $47.2
billion under management, Alberta Finance is one
of the largest fund managers in the country.
Investment
Administration Division
The Investment Administration
Division (IAD) provides support for investment operations
including: trade transaction monitoring and processing,
fund and portfolio valuation and performance measurement,
investment systems oversight, support systems development
and maintenance, and custodial interface and oversight.
Internal
Audit and Compliance
Internal Audit and
Compliance administers a risk-based compliance and
internal audit function in support of investment
policies and procedures.
Office
of Budget and Management
The Office of Budget
and Management (OBM) manages the provincial budget
and business plan review and approval process, prepares
economic and fiscal forecasts and provides research,
analysis and recommendations on the province’s
fiscal, economic and taxation policies. OBM is responsible
for intergovernmental fiscal relations and for providing
statistical information about the province. It also
proposes and prepares accounting and financial control
policies, budget documents, quarterly budget updates,
annual financial statements and performance measurement
reports.
Pensions,
Insurance and Financial Institutions
The Pensions, Insurance
and Financial Institutions Division (PIFI) is responsible
for the regulation and, under certain circumstances,
administration of credit unions, loan and trust
corporations, financial institutions, insurance
and public pension plans. It provides policy support
and analysis to the Minister of Finance in these
areas, as well as on Alberta Treasury Branches,
public sector pension plans and the Canada Pension
Plan.
Policy
and Strategic Planning
The Policy and Strategic
Planning division of Alberta Finance is responsible
for long and short-term analysis and policy development
to support the Ministry's objectives of a sustainable
and competitive revenue structure, strong and viable
capital markets and the appropriate investment of
the Province's endowment and other funds.
Risk
Management and Insurance
The Risk Management
and Insurance Division (RMI) administers a program
to protect, secure and preserve public assets against
risk of significant accidental loss. RMI provides
services to client ministries and agencies throughout
government to help identify, measure, control and
finance risk.
Tax
and Revenue Administration
Tax and Revenue Administration
(TRA) is responsible for the collection of revenue
and the administration of Alberta Finance’s
tax, revenue and related benefit programs. TRA also
works with Policy and Strategic Planning on the
development of tax policy within the province. The
focus is a fair, competitive, simple and efficient
provincial tax and revenue system. TRA has four
branches: Revenue Operations, Audit, Tax Services
and Business Technology Management.
Treasury
Management
The Treasury Management
Division (TMD) has responsibility for the Province’s
on-going cash management including borrowing and
investments, management of banking and cash forecasting,
and arranging short and long term financing for
the government and provincial corporations. TMD
is also responsible for overseeing the investment
of the assets of the general revenue fund set aside
to retire debt, monitoring and managing loans and
guarantees and providing financial advice to other
government departments.
Human
Resource Services
Human Resource Services
provides support to the ministry by providing leadership
in and delivering services to the ministry related
to human resources planning, workforce planning,
organizational development and consulting, labour
relations, classification/compensation, staffing,
workforce development and human resource management
information.
Strategic
and Business Services
Strategic and Business
Services is responsible for providing leadership
in, and delivering the services to the ministry
related to business planning and reporting, business
resumption planning, information management, corporate
technology services, and financial and administrative
policy, planning, compliance and reporting.
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