Financial Procurement Specialist

Staff - Union
Job Category
CUPE 2950
Job Profile
CUPE 2950 Salaried - Financial Proc. Spec 3 (Gr4)
Job Title
Financial Procurement Specialist
Department
Finance | UBC Information Technology | Office of the Comptroller | VP Finance and Operations
Compensation Range
$4,281.00 - $4,386.00 CAD Monthly
Posting End Date
October 25, 2024
**Note**: Applications will be accepted until 11:59 PM on the Posting End Date.
Job End Date
At UBC, we believe that attracting and sustaining a diverse workforce is key to the successful pursuit of excellence in research, innovation, and learning for all faculty, staff and students. Our commitment to employment equity helps achieve inclusion and fairness, brings rich diversity to UBC as a workplace, and creates the necessary conditions for a rewarding career.
Job Description Summary
Information Technology is a FMS certified department with a high volume of accounts payable and requests for reimbursement of expenses. This position is responsible for financial and administrative processing. The Financial Processing Specialist prepares and processes financial documents for authorization and payment as in accordance with UBC financial policies and procedures. This includes tracking financial transactions, reconciling errors, preparing invoices for billings and collecting on outstanding receivables. This position will also be providing training and support to IT staff on the use of the Online Payment Tool.
Organizational Status
Reports to the Finance Manager. Interacts with staff from Information Technology and across UBC. Liaises regularly with individuals in Payment & Procurement Services and other University departments as well as a number of external vendors.
Work Performed
- Prepares financial documents and performs accurate and timely data entry of financial documents (cash deposits, journal vouchers, invoices, travel claims and purchasing requisitions) directly into the online system. Uses knowledge of UBC policy and practice to make decisions during document preparation and data-entry.
- Reviews all financial paperwork to ensure appropriate back-up documentation is attached; follows-up with the originating staff member when additional documentation is required. Maintains files of all financial transaction documents and supporting material
- Reconciles vendor account statements
- Reconciles travel advances and travel settlement claims at various exchange rates.
- Performs duties related to web-based finance forms, such as tracking transactions, checking rejected transactions and resolving errors.
- Monitors and follows up collections of outstanding accounts/invoices.
- Assists in year-end processes including entering expense accruals via journal voucher, and providing financial processing support to the Senior Financial Processing Specialists.
- Assists in year-end processes including invoicing and entering deferred revenue entries via journal voucher.
- Manages the Office Petty Cash Fund by reimbursing allowable expenditures, tracking, and reconciling monthly.
- Prepares and processes bank deposits.
- Maintains files, including electronic files, of all financial transaction documents and supporting material for audit purposes and reference purposes. Responsible for archiving documents, organizing into boxes by fiscal year, completing records/log of files, and coordinating with off-site storage vendor.
- Provides training and support to IT staff on the use of the new Online Payment Tool.
- Primary contact to resolve vendor disputes by researching, following up and making corrections as appropriate.
- Performs other related tasks consistent with classification.

Consequence of Error/Judgement
Supervision Received
Supervision Given
May explain work procedures to new or inexperienced staff.
Minimum Qualifications
High school graduation, plus one year of related post-secondary education, plus three years of relevant accounting experience, or an equivalent combination of education and related experience.
- Willingness to respect diverse perspectives, including perspectives in conflict with one's own
- Demonstrates a commitment to enhancing one's own awareness, knowledge, and skills related to equity, diversity, and inclusion

Preferred Qualifications
Knowledge of UBC policies and procedures, especially those related to finance and payroll matters. Experience with UBC financial systems and FMIS preferred. Knowledge of standard bookkeeping procedures and financial management information systems. Eligibility for certification for on-line data entry into the FMS system. Ability to maintain accuracy and attention to detail. Ability to exercise tact and discretion. Ability to prioritize, multi-task and work effectively under pressure to meet deadlines. Ability to work effectively independently under limited supervision and in a team environment. Ability to communicate effectively verbally and in writing. Demonstrate ability to take initiative, exercise sound judgment and resolve problems.