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Junior Financial Analyst

2 weeks ago

Vaughan, Ontario, Canada Reena Full time $50,000 - $70,000 per year

Department:
Batay, 1 Promenade Circle, #315, Thornhill, ON, L4J 4P8

Location:
Promenade - 315

Compensation:
$50,000 / year

Description
The
Junior Financial Analyst
assists in the preparation, development, and maintenance of financial reports derived from various accounting software. This role supports the budgeting process, performs variance analysis, and prepares ad hoc reconciliations and reports as required. Additionally, the Junior Financial Analyst assists with bank account reconciliations and ongoing credit card transaction analysis and reconciliation.

Reena is committed to promoting diversity, equity, and inclusion in all aspects of our work. We believe that diverse perspectives are essential for addressing complex social challenges effectively. We actively engage with individuals and communities from different backgrounds and experiences to ensure our programs and initiatives are inclusive and accessible to all. By embracing diversity, we strengthen our mission and create a lasting impact on the lives of those we serve.

Key Responsibilities
1. Financial Responsibilities and Budgeting

· Collaborate with the Senior Financial Analyst to develop and maintain financial reporting systems using the accounting system and other software.

· Investigate and resolve discrepancies between financial reports and Sage records.

· Create and maintain import files for accounting system (e.g Sage 300) to enable efficient bulk data entry.

· Assist in budget preparation and variance analysis.

· Reconcile Accounts Payable and Accounts Receivable to ensure accuracy in financial records.

· Support the preparation of daily cash position reports and monthly cash flow statements as needed.

· Monitor and analyze accounting data related to expenses, rents, and other revenues; prepare variance analyses for categories such as utilities and cable.

· Assist the Senior Financial Analyst with monthly bank reconciliations.

· Manage individual tax accounts and collect necessary bank account data from various sources.

· Lead special projects, including transitioning monthly deposits of ODSP, OAS, GAINS, and CPP from Reena's bank account to individuals' personal accounts.

· Update bank account information in Buildium to reflect these changes.

· Coordinate with the various ministries, Social Services and the Government of Canada regarding the transition from cheque payments to electronic funds transfers (EFT) directly to clients' accounts.

· Participate in meetings with staff and management to provide financial insights.

· Analyze financial data to assess cash flow, expenses, and revenue trends.

· Perform other projects and duties as assigned.

  1. General Duties

· Maintain confidentiality of sensitive or proprietary information belonging to the employer, individuals, or colleagues.

· Work collaboratively with others and foster a respectful and inclusive environment.

· Participate in workplace investigations when required.

· Participate in all mandatory trainings.

· Participate in different committees that support the organization.

Qualifications:
1) Qualifications

· 1 to 3 years of experience with accounting, finance, and systems

· Bachelor's Degree in Business with an Accounting Major

· Advanced knowledge of Microsoft Office, particularly Excel and PowerPoint

· Knowledge of Sage and Buildium as an asset

· Ability to work well under pressure and consistently meet deadlines

· Strong analytical and problem-solving skills

· Proactive approach to problem-solving and continuous improvement

· Ability to identify trends and perform vertical and horizontal analyses

· Knowledge of risk analysis and familiarity with risk management

Reena is committed to providing accessible employment practices that are in compliance with the Accessibility for Ontarians with Disabilities Act ('AODA'). If you require accommodation for disability during any stage of the recruitment process, please notify Human Resources.