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Financial Accounting Associate

3 months ago

Toronto, Ontario, Canada City of Toronto Full time

Position Overview:

The City of Toronto is seeking a dedicated individual to join our finance team as an Accounting Assistant 2. This role involves a variety of accounting responsibilities that are crucial for maintaining the financial integrity of our municipal operations.

Key Responsibilities:

  • Conducts accounting tasks including the review, analysis, and reconciliation of ledger accounts, while establishing and managing financial records related to expenditures and revenues.
  • Generates financial statements and statistical reports pertaining to departmental projects.
  • Examines and reconciles budget variances and encumbrances associated with departmental initiatives.
  • Monitors and reconciles capital and current project accounts, ensuring accuracy in financial reporting.
  • Maintains a comprehensive Cost Control System, including detailed subsidiary records for departmental projects.
  • Prepares monthly financial statements and other relevant financial data for various stakeholders.
  • Calculates and submits subsidy claims, along with ad hoc financial reports to government entities.
  • Handles accounts receivable functions, including bank deposits, journal entries, and reconciliations.
  • Processes period-end accruals for expenditures and prepares necessary working papers for closing entries.
  • Reviews financial system reports and implements corrective actions as needed.
  • Analyzes accounts, including commitments and budget variances, while preparing and posting journal entries.
  • Examines General Ledger accounts for accuracy and processes necessary adjustments.
  • Prepares management reports and financial statements for internal use.
  • Analyzes purchasing card transactions, ensuring proper documentation and account allocation.
  • Provides support and guidance on financial matters to various divisions.
  • Delivers financial analysis and assistance to the purchasing department.
  • Creates and executes financial reports for analytical review.
  • Collaborates with accounts payable and other divisions regarding purchasing card management.
  • Assists with special projects and assignments as required.
  • Monitors relevant regulations and by-laws for compliance and updates.
  • Coordinates data collection with auditors at various levels of government.

Qualifications:

Your application should demonstrate how your qualifications align with the following:

  • Current enrollment in a professional accounting program (e.g., completion of CPA preparatory courses) or a combination of education and extensive experience in accounting.
  • Significant experience in municipal accounting or relevant financial reporting in the private sector.
  • Strong background in analyzing and processing accounts receivable and payable transactions.
  • Proficient in financial data analysis and report preparation.
  • Experience with Microsoft Office Suite, particularly Excel, Word, and PowerPoint.
  • Familiarity with SAP financial systems or equivalent financial information systems.

Additional Skills:

  • In-depth knowledge of current accounting practices and procedures.
  • Ability to prepare comprehensive correspondence and documentation.
  • Capability to provide direction and training to junior accounting staff.
  • Strong understanding of financial controls and municipal regulations.
  • Excellent interpersonal skills for effective collaboration with staff and the public.
  • Effective verbal and written communication skills.
  • Ability to perform complex calculations and detailed computations.
  • Willingness to work overtime as necessary to meet deadlines.
  • Ability to work independently with minimal supervision while meeting deadlines.
  • Commitment to promoting equity, diversity, and respectful workplace values.