Financial Analyst

**TORONTO GRACE HEALTH CENTRE: Join our Team**

**Financial Analyst (Account Receivable)**

**Temporary Full-Time - 12 Month Contract**

The Toronto Grace Health Centre (TGHC) provides, specialized care to those individuals who require Complex Continuing Care, Post-Acute Care Rehabilitation, Transitional care, and Palliative Care services. The care and services provided at TGHC help facilitate the patient flow through the health care system and ensures recovery to those individuals who may return to their homes or to Long Term Care (LTC) facilities in their communities. TGHC operates in 3 sites - the Main site (Church& Bloor St) and our Harbour Light site and Specialized Care Centre (Victoria Park & Mc Nicoll) and our Overlea site. Our organization is committed to collaborating with patients and families in their journey through the health care system effectively supporting their integration back into the community.

Reporting to the Manager of Financial Planning Analysis and Procurement. The Financial Analyst (AR) is responsible for the Credit and Collections cycle, Donations and Fundraising financial processing, preparation of Bank deposits and Cash Controls; maintenance of vendor files; and the preparation of related budgets. They will also provide support to the Controller, Chief Financial Officer, Senior Financial Analysts, Accounts Payable and Procurement functions. The individual must be highly motivated, detail-oriented, solution focused and work collaboratively with various levels within the organization.

**MAIN RESPONSIBILTIES**:
**Credit and Collection**:

- Prepare patient and other non-patient invoices and ensure they are promptly paid
- Ensure all payments received are properly booked in the AR system
- Sends out receipts to patients for payments received
- Makes collection calls as necessary to collect outstanding receivables
- Monitor monthly aging of Accounts receivable and report possible uncollectibles in a timely manner for resolution
- Work with patient and families and Insurance companies to ensure proper billing and prompt collection
- Assist in collection of Outpatient Pharmacy uninsured charges or co-payments

**Fundraising and Donation**:

- Enter all donations received in systems and prepare monthly tax receipts.
- Post donation entries in Raizers’ Edge for Fundraising reports
- Create monthly donations reports for Fundraising Director

**Banking and Cash Control**:

- Prepare weekly deposits of cheques and cash received
- Make payments at the bank as required for payroll taxes and other requirements
- Enter chiropody payments

**Annual Budgets**:

- Participate in the development of budgets for various revenue streams.

**Financial Reporting/General Ledgers**:

- Provide financial reporting and account reconciliations as assigned
- Prepare supporting documents and reports for the year-end financial audit
- Ensure that monthly journal entries are complete and posted correctly

**Accounts Payable support**:

- Receive incoming invoices and distribute to appropriate staff members for allocation and approval
- For all approved invoices, verify approval signatures, payment amounts, account allocations and tax rates
- Confirm purchases to purchase order quantities and unit costs if applicable
- Enter approved invoices in payables system and prepare invoice batches for posting
- Prepare bi-weekly cheque runs for all approved invoices and issue payments
- Monitor and clear cashed cheques as per monthly bank statements; and produce and reconcile monthly outstanding and cleared cheque listings
- Produce and analyze the Accounts Payable trial balance on a monthly basis
- Maintain vendor files, including deleting ones no longer needed
- Maintain contract files for the Centre

**Other**:

- Issue parking passes to visitors and other (except monthly passes for employees)
- Participate in financial projects
- Provide back up support to the other Finance departments and Financial Analysts
- Assist in Grand & Toy orders
- Other duties as assigned

**QUALIFICATIONS & EDUCATION**:

- College or University degree and substantial completion of accounting designation
- Previous relevant experience in the healthcare sector
- Solid experience in computerized general ledger systems (healthcare systems would be an asset)
- Good organizational, problem solving and analytical skills
- Strong client service focus
- High level interpersonal and communication skills
- Ability to prioritize workload and achieve established deadlines
- Ability to work in a team environment for the realization of organizational goals
- Must have the physical strength, flexibility and endurance required to perform the job as determined by the physical needs assessment of the position conducted by employee health services.

The Salvation Army Toronto Grace Health Centre has been accredited with a 4 year **Commendation** in 2025 by Accreditation Canada.

**Job Types**: Full-time, Fixed term contract
Contract length: 12 months

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