Financial Officer

**Position Title**: Financial Officer
**Term**: Permanent, Full-Time
**Division/Branch**: Finance and Risk Management Division / Financial Reporting and Controllership Branch
**Application Deadline**: June 24, 2025
**Pay Level**: Level 7
**Pay Range**: $70,849 to $83,354
**Work Location**: Head Office, Toronto, ON; Hybrid
The Alcohol and Gaming Commission of Ontario (AGCO) is a regulatory agency that reports to the Ministry of the Attorney General. The AGCO is responsible for regulating the alcohol, gaming, horseracing, and private cannabis retail sectors in Ontario, in accordance with the principles of honesty and integrity, and in the public interest.
Are you an analytical thinker who can navigate complex situations and drive process improvement, and do you have a passion for financial analysis and reporting? Do you thrive in a dynamic environment, are passionate about innovation and technology, and use your creativity and collaboration skills to make us more effective and efficient? If yes, come and work with the Financial Reporting and Controllership Branch
- Lead the recognition of revenue within the appropriate financial system account by following the reconciliation process.
- Process a high volume of invoices, ensure compliance with AGCO’s Financial Delegation of Authority (FDOA), resolve discrepancies, assign accurate accounting codes, and reconcile invoices submitted to the central agency (EFS) to maintain accurate and compliant financial records.
- Prepare daily reconciliation of payments, resolving discrepancies and preparing journals for revenues in accordance with Public Sector Accounting Standards and applicable policies and directives.
- Prepare and execute various transactions and account reconciliations between financial system data and any other revenue information sources to ensure revenue is accurately recorded.
- Identify and resolve issues independently and implement controls and improvements to detect errors and issues in the future.
- Prepare and update reports and monitor trends related to revenue for monthly, quarterly, annual, and ad hoc reporting, management decision making, and issue management.
- Ensure compliance with relevant accounting standards and internal policies during the revenue management process.
- Investigate and resolve unique and complex issues related to expenditure items (e.g. withholding tax issues, financial system discrepancies, etc.) promptly by working with various internal and external stakeholders.
- Lead and participate in the month-end, quarter-end, and year-end activity processes for in-scope accounts, ensuring timely and accurate completion of accounting journal entries and various account reconciliations in line with the policies.
- Prepare reports, analyses, and commentary to provide management insights and decision making related to payments, travel claims, including diverted transactions, corrections outstanding, expenses on hold, etc.
- Provide controllership reviews and advice on items being processed: conformance with applicable rules, directives, policies, and procedures, directing items to the appropriate channel for processing and follow-up information.
- Prepare and manage forms for system access related to financial management, following access matrices and respecting principles of compatible/incompatible duties in the systems.
- Investigate issues with access forms and coordinate with various internal and external departments to resolve issues.
- Manage records in strict accordance with the established records schedules and policies.
- Review monthly Card reconciliations, Travel Card Diversion reports, for completeness and compliance with OPS and agency policies, and recommend approval to the manager.
- Hold a post-secondary diploma (minimum 3 years) in accounting or finance, or an undergraduate degree in economics, business, statistics, accounting, or finance.
- Minimum of 3 years of demonstrated accounting expertise in expense and financial management and reporting within the public or private sector.
- Minimum 3 years’ experience using government financial software (e.g., Oracle Financials - Integrated Financial Information System (IFIS)), or other financial management systems at an advanced level, including the proven ability to learn, master, and teach new software.
- Advanced Excel skills, including macros, string functions, IF logic, SUMIFS, VLOOKUPs, pivot tables, and Visual Basic, are required, along with a strong understanding of relational databases gained through relevant experience and education.
- Sound judgment and critical thinking with strong attention to detail.
- Proven ability to work effectively in a fast-paced and changing environment where long periods of concentration and accuracy are required.
- Strong project management and presentation skills to coordinate activities, produce/update training materials, and present documents to various stakeholders with varying levels of financial expertise.
- Excellent interp