Summary
Overview
Work History
Education
Skills
Accomplishments
References
Languages
Interests
Timeline
Generic

Franco G. Cava

Oakville,ON

Summary

Leadership Excellent organizational and leadership skills developed as Manager of the Revenue Analysis and Forecasting Unit (RAFU) leading a team of professional economists dedicated to delivering on high profile, time-sensitive materials related to the provincial revenue outlook in governments fiscal plan in a fast-paced working environment. Analytical Well-developed research methods, including construction and use of econometric and accounting models to assist in the estimation of the province’s multi-year revenue forecast. Extensive experience with major sources of economic and financial data. Experience in developing microdata models to assist in the estimation of in-year tax return processing of Personal Income Tax and Corporations Income Tax. Strong, innovative problem-solving skills. Ability to quickly adapt to change. Possesses an expert understanding on how taxation revenues (including Personal Income Tax (PIT) and Corporations Income Tax (CIT)) are accrued under the current Public Sector Reporting Standard (PSAS). Communication and Policy Acuity Excellent presentation and written abilities, able to clearly communicate complex issues for senior executive decision making and for external audiences. Keen policy sensitivity and political acuity. Strong ability to collaborate/negotiate with internal and external partners and stakeholders. Entrepreneurial Strong initiative and a proven track record of setting and achieving goals while working in a fast-paced environment.

Results-driven management professional with proven ability to lead teams to success. Strong focus on team collaboration, operational efficiency, and achieving measurable outcomes. Adept at strategic planning, process improvement, and fostering culture of accountability and excellence. Known for adaptability and consistently meeting changing organizational needs.

Overview

24
24
years of professional experience

Work History

Manager

Ontario Ministry of Finance
11.2017 - Current
  • Leading a diverse, professional staff of seven senior economists
  • Leading the production and coordination (across ministries and agencies) of the revenue outlook for production of the government’s fiscal plan
  • Responsible for development and audit defence of 65 per cent (roughly $122 billion) of the province’s total revenue estimates in the Public Accounts
  • Responsible for the development of revenue narrative in the provincial Budget and Fall Economic Statement, as well as Pre-election Report, the Quarterly Finances and the Public Accounts’ Annual Report
  • Provides expert leadership in the analysis on the implications of policy (both federal and provincial on the revenue outlook)
  • Responsible for briefing senior officials and stakeholders on revenue forecasts, revenue risk analysis, in-year revenue performance and provide policy advice for the ongoing management of the revenue outlook
  • Liaising with numerous stakeholders including the CRA, the Federal Department of Finance, CRA, Strategy Stewardship and Program Policy Division, Office of the Budget Division, Tax Policy Division, TBS, various line ministries, Government Business Enterprise Division, Ontario Financing Authority and the Auditor General’s Office of Ontario related to the province’s revenue outlooks and estimates

Senior Economist

Ontario Ministry of Finance
10.2003 - 11.2017
  • Provided expert risk analysis, forecasts, briefing notes, presentations and technical reports in areas of personal (PIT) and corporate income tax (CIT) and briefed/advised senior managers
  • Developed and maintained econometric forecasting models in the areas of PIT and CIT that feed into province’s fiscal plan projections
  • Monitored performance of economic projections, policy decisions and tax assessment data and advise senior managers of the implications to the province’s revenue outlook
  • Produced and defended corporations tax estimates in the Public Accounts to the Auditor General of Ontario
  • Assisted in the production of the fiscal papers in the Ontario Budget and the Ontario Fall Economic Statement

Economist

Ontario Ministry of Finance
01.2001 - 10.2003
  • Provided expert analysis, forecasts, briefing notes, budget papers and reports for the housing market, international trade, government and the corporate sectors
  • Developed and maintained econometric forecasting models in the areas of the housing market as well as corporate profits
  • Maintained a database of Canada and Ontario economic forecasts from financial institutions (Ministry of Finance’s Private-Sector Survey of Forecasters) and informed senior staff of any changes to the survey
  • Provided timely updates of the Current Issues note on the Private-Sector Survey of Forecasters, as well as briefing and Investor Relations notes in various areas of specialization

Economist

Ontario Ministry of Finance
08.2000 - 01.2001
  • Produced quarterly analysis and estimates for the income side of the Ontario Economic Accounts
  • Developed and maintained economic databases and was responsible for the timely release of monthly/quarterly bulletins for international trade, wage settlements, operating profits, retail sales, department store sales, bankruptcies and capacity utilization rates

Education

Master of Arts - Economics

Carleton University
Ottawa, Ontario
12.2000

Honours Bachelor of Arts - Economics

Carleton University
Ottawa, Ontario
12.1999

Skills

  • Excellent organizational and leadership skills
  • Well-developed research methods
  • Strong, innovative problem-solving skills
  • Excellent presentation and written abilities
  • Strong initiative and a proven track record of setting and achieving goals
  • Team leadership
  • Decision-making
  • Verbal and written communication
  • Complex Problem-solving
  • Staff training and development
  • Task delegation
  • Goal setting
  • Documentation and reporting
  • Relationship building
  • Strategic planning
  • Cross-functional teamwork
  • Risk management
  • Stakeholder management

Accomplishments

  • Supervised team of 8 staff members.
  • Collaborated with cross divisional team, including Members of the Canada Revenue Agency, in the development of an improved model for estimation the province's Corporations Tax Revenue.
  • Achieved estimation accuracy recording an estimate variance of 0.4 percent in 2023-24 Public Accounts, the lowest level in 5 years.
  • This achievement was highlighted by Ontario's Auditor General in her discussions with the Deputy Ministers of Finance and Treasury Board.

References

Available upon request.

Languages

English
Native or Bilingual

Interests

Wood working

Timeline

Manager

Ontario Ministry of Finance
11.2017 - Current

Senior Economist

Ontario Ministry of Finance
10.2003 - 11.2017

Economist

Ontario Ministry of Finance
01.2001 - 10.2003

Economist

Ontario Ministry of Finance
08.2000 - 01.2001

Honours Bachelor of Arts - Economics

Carleton University

Master of Arts - Economics

Carleton University
Franco G. Cava