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Financial Reporting Manager

2 months ago

Toronto, Ontario, Canada Seneca Full time

Position Overview

Reporting directly to the Director of Financial Reporting, the Manager of Accounting and Financial Reporting oversees the daily functions of the General Accounting Team. This role also provides critical financial analysis and reporting support to the Finance Team and various internal departments. Key responsibilities include the preparation of financial statements, funding reports, and comprehensive analyses of government fund utilization against actual expenditures, alongside year-over-year funding assessments and cost allocation for government resources. The manager will also supervise the fixed asset and project management components within the financial system.

Key Responsibilities:

Management and Accounting Duties

  • Efficiently manage daily operational tasks related to government grants, investments, payroll, fixed assets, and project accounting.
  • Ensure the precise and timely completion of accounting entries for government grants and research initiatives, ensuring proper categorization.
  • Generate management reports for government grants in line with contribution agreements and oversee compliance financial report submissions.
  • Assign project identifiers to approved capital assets and restricted external funding.
  • Monitor spending and provide monthly variance reports for the Senior Executive Committee.
  • Produce additional reports as requested by the Director.
  • Collaborate in the development of budgets and forecasts for grant funding and other areas managed by the General Accounting Team.

Research and Reporting Responsibilities

  • Accurately record incoming grants and external funding into the relevant projects on a weekly basis, ensuring correct allocation.
  • Conduct monthly reconciliations between grants and their associated projects.
  • Provide detailed status reports on Ministry operating grants, program grants, and research grants received versus contribution commitments.
  • Work with various departments to create financial reports, perform reconciliations, and provide thorough explanations for significant variances.
  • Upon receiving approval from the Director, submit contribution agreement reports to the relevant Ministry or research funding body.
  • Act as the primary point of contact with the Ministry for the submission of financial reports and other communications.
  • Prepare reports utilizing the Ministry's online reporting system.
  • Reconcile management, budget, and audit reports with CFIS reports, highlighting major variances.
  • Secure approval for CFIS reports and submit them to the Ministry.

Systems Management

  • Oversee the Asset Management and Project Accounting systems.
  • Manage CFIS, tax submissions, and government online reporting programs.
  • Provide training and support to staff, including testing system upgrades and overseeing training materials and standard operating procedures.

Additional Responsibilities

  • Perform other duties as assigned by the Director.

Qualifications:

In alignment with our commitment to creating equitable opportunities for all candidates, Seneca may consider applicants with a combination of education and experience that is equivalent to the stated requirements.

Education Requirements

  • A post-secondary credential in accounting, business, finance, or a related field, or an equivalent combination of education and experience.
  • A Professional designation (CPA) is mandatory.

Experience Requirements

  • A minimum of five (5) years of experience in financial reporting and analysis, along with management of staff.
  • Proficient in the use of integrated financial systems and data management software tools (e.g., PeopleSoft, Access, Excel).
  • Strong analytical skills complemented by creativity and intuition.
  • Ability to resolve issues independently without requiring senior management intervention.
  • Proven expertise in financial planning and reporting methodologies.
  • Excellent interpersonal and communication skills, capable of conveying accounting procedures to non-financial personnel, including Deans, Directors, and Chairs within a diverse college environment.
  • Awareness of the challenges associated with working in a multicultural setting.
  • Strong skills in people management, problem-solving, and time management.
  • A proactive mindset with a commitment to continuous improvement.

Note:

  • A skills assessment will be part of the recruitment process.
  • Candidates should be prepared to travel between campus locations as required.