Accountant

1 month ago

Vernon, British Columbia, Canada City of Vernon Full time
About the Position

This role is responsible for assisting with the review and analysis of various financial accounting functions, including the creation of the annual five-year financial plan, completion of the year-end audit, and maintenance of the General Ledger accounting structure.

Key Responsibilities
  • Assist in the creation of the five-year financial plan by evaluating budget inputs for reasonability and reviewing capital projects with funding options.
  • Responsible for creating salary forecasts in the budgeting software for each cost centre, incorporating inflation rates and assumptions agreed to by Council.
  • Review biweekly payroll transactions completed by Human Resources staff to ensure reasonableness and accuracy.
  • Act as a Signing Officer of the City for the purpose of binding or obligating the City in connection with its accounts and transactions with the bank or other financial institutions.
  • Responsible for the review and approval of accounts payable invoices prior to approval for cash disbursement, ensuring costing by managers is consistent with legislative and reporting requirements.
  • Assist the manager in the development of a strong team through the use of coaching, mentoring, and providing individual support as needed.
  • Participate in the hiring of departmental in-scope staff.
  • Backup to Manager when the Manager and Director are away.
  • Responsible for the reporting of and submission of commodity taxes, including preparing periodic tax returns and assisting in providing tax advice to other staff to ensure legislative compliance.
  • Liaise with Infrastructure staff periodically to ensure tangible capital assets are appropriately accounted for.
  • Through periodic reviews of cost recovery centres, ensure cost allocations and cost recoveries are completed throughout the year.
  • Responsible for the preparation and posting of journal entries to ensure compliance with financial reporting requirements and accuracy of transactions.
  • Responsible for the administration of discretionary grant process.
  • Review project grant claims prepared by project managers to ensure accuracy.
  • Prepare periodic variance reports and analysis for Council that provides relevant and timely information for decision-making.
  • Responsible for the preparation of year-end working papers as required for audit purposes and by outside grant agencies.
  • Liaise with designated auditors through scheduling, coordination, and review of information and documents from staff necessary for year-end audit purposes.
  • Act as a subject matter expert in the ERP Financials system (Workday) including accounts payable transactions, budgeting, and general ledger, including the use of various reports.
  • Maintain the general ledger accounts (Foundation Data Model) to ensure all elements are available for responsible budget managers, responding to changing reporting needs of the City managers as required.
  • Assist with project management on Financial Planning & Reporting projects as required.
  • Prepare and analyze key performance indicators and statistical information for publication in the Annual Report to enhance public transparency.
  • Provide training for City staff on the use of financial and budgeting software.
  • Liaise with software suppliers as required relating to routine processes for accounts payable, budgeting, general ledger, tangible capital assets, and financial reporting.
  • Assist with liability insurance and property insurance coverage, including annual review of City assets and appropriate premium allocations.
  • Review and recommend revisions to policies, procedures, and bylaws that support the financial planning and reporting functions of the City.
  • Perform other duties as required.
Requirements
  • Bachelor of Business Administration with a focus on Accounting, or equivalent.
  • Minimum five years' progressively responsible experience in an accounting setting.
  • Demonstrated experience with Public Sector Accounting Standards and preparation of financial statements.
  • Valid BC Driver's Licence Class 5.
Preferred Qualifications
  • Preference given to candidates with BC local government experience.
  • Preference given to candidates with a CPA designation.

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