Accounting Intern

3 weeks ago

Old Toronto, Canada Lumeto Full time

About Lumeto

Lumeto’s immersive simulation lab, InvolveXR, aims to meaningfully reduce the social and financial cost of medical error. Flexible training in virtual simulated environments can improve the preparedness and confidence of clinicians globally. Lumeto operates across the healthcare spectrum, catering to educators and learners at every level of their competency, enhancing learning outcomes tied to individual and team decision-making, problem-solving, de-escalation and complex or rare procedures.

The Role

Lumeto's Finance department is looking for a post-secondary student to assist with various accounting tasks. This internship offers a good opportunity for the successful candidate to get a solid foundation in the core principles of accounting in a commercial environment. The role will primarily involve bookkeeping but will provide the successful candidate with hands-on experience and insight to build a successful career in Accounting & Finance.

This is an hourly, paid internship that requires a 3/4 month commitment of 35-40 hours per week. This is a hybrid position, which will require the candidate to attend our offices at 793 Pharmacy Ave in person on a weekly basis.

Responsibilities

The Accounting Intern will support the Financial Controller in some or all of the following areas:

  • Reviewing supplier invoices to ensure compliance with contracts.
  • Posting of approved invoices to our G/L and ensuring correct coding.
  • Determining which invoices to include on our weekly payment runs.
  • Initiating payments via online banking or other payment tools.
  • Reviewing credit card transactions every month to ensure invoices are provided and correctly coded to the G/L, and that we are optimizing HST rebates.
  • Regularly monitoring bank account and credit card balances and recommending inter-account transfers where needed.
  • Posting actual bank activity to the G/L.
  • Updating internal cash forecasting files with actual bank activity.
  • Monthly bank reconciliations and HST returns.
  • Processing journal entries and preparation of month-end reporting with comparison to Budget for review by Management.
  • Preparation of internal cost reports on long-term projects and monitoring relative to Budget.
  • Adhoc reporting to Banks and other stakeholders.

Desired Qualifications

  • Currently pursuing post-secondary education in Accounting, Commerce, Business Administration, or a related field.
  • Previous experience/familiarity with Quickbooks Online is a plus.

Lumeto is an equal opportunity employer, and values diversity and inclusion. We welcome different perspectives that come from lived experiences. Interacting with transparency is important to us in every aspect of our work. We strive for an open, honest, and effective workplace because trust is the foundation of our company. We are open to thinking differently, accommodating your needs to succeed, and straying from the conventional. Lumeto is happy to work with applicants requesting accommodation at any stage of the hiring process, please reach out to hiring@lumeto.com if you require any assistance.

We thank all applicants for their interest, however only those selected for an interview will be contacted. No phone calls please.

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