Job Information
City of Toronto CORPORATE ACCOUNTING ASSISTANT 1 in Toronto, Ontario
CORPORATE ACCOUNTING ASSISTANT 1
Job ID: 47441
Job Category: Finance, Accounting & Purchasing
Division & Section: Accounting Services, Compliance Programs and Banking
Work Location: Metro Hall, 55 John Street, Toronto, Ontario (Hybrid)
Job Type & Duration: Full Time, Temporary (18 Months)
Hourly Rate: $43.58 - $47.75
Shift Information: Monday to Friday, 35 Hours per Week
Affiliation: L79 Full-time
Number of Positions Open: 1
Posting Period: 20-Jun-2024 to 05-Jul-2024
Job Description:
Reporting to the Senior Financial Analyst in the Banking section of Accounting Services, the Corporate Accounting Assistant 1 is responsible for a number of responsibilities related to bank reconciliations, including reconciling, analyzing and preparing required working papers for a number of the City's bank accounts; preparation of journal entries related to banking transactions including supporting documents; review of financial system entries to identify potential internal control issues, recording and reporting errors and omissions that may result in inaccurate and untimely recognition of financial information, and liaising with divisions to recommend corrective action, strengthening of internal controls and adherence to City financial and accounting policies
Major Responsibilities:
Analyzes, reconciles and monitors the City's more complex general ledger accounts.
Reconciles, analyzes and prepares working papers to support account balances and reconciliations, used in the preparation of the City's annual financial statements, provincial information return and other financial and statistical reports.
Prepares of bank reconciliations.
Prepares, reviews, and posts journal entries related to banking transactions.
Approves and posts journal entries prepared by others.
Reviews financial system reports and reconciliations to identify potential errors and omissions, ensure that internal controls are followed in accordance with City policies, and confirm compliance of entries based on public sector accounting standards.
Creates and executes ad hoc financial reports for analysis purposes.
Coordinates the set of appropriate cost elements and cost centres and provides advice to divisions with respect to proper use of cost centres and cost elements to recognize expenditure transactions.
Coordinates divisional projects, and assignments as required.
Provides advice and guidance when directing other accounting staff.
Monitors relevant provincial statutes and regulations, City financial, and accounting policies for changes and incorporates requirements where appropriate.
Liaises with ABC's to ensure the timely billing of capital and operating budget draw and year-end reconciliation of inter-company balances.
Provides input into the design of databases, dashboards, and financial reports.
Develops and writes computer report using financial software.
Participates in the design and development of new corporate accounting procedures, policies and process improvements.
Participates in collaborative cross-divisional discussions, providing advice and guidance where appropriate and develops benchmarks to monitor results with departments.
Key Qualifications:
Your application must describe your qualifications as they relate to:
Present enrollment towards the CPA Professional designation (e.g. CPA Professional Education Program (PEP), completed Core 1 and 2 course requirements) or bachelor’s degree in Accounting or the equivalent combination of education and/or experience.
Considerable accounting and financial reporting and analysis experience in a public or private sector accounting environment.
Considerable experience with Microsoft Office Suite (e.g. Excel and Word, Outlook, etc.) and computer-based accounting systems, e.g. SAP.
Considerable experience providing work direction, training, guidance and support to staff.
Considerable experience in the analysis and reconciliation of ledger accounts, and financial statement preparation.
You must also have:
Excellent organizational and multi-tasking skills, with the ability to work independently with minimum supervision, prioritize work schedules, plan and execute assigned duties within tight timelines.
Excellent analytical, conflict resolution and problem-solving skills.
Excellent interpersonal and customer service skills.
Ability to work cooperatively as part of a team.
Strong ability to communicate effectively, both orally and in writing, with various levels of staff within the City and other organizations.
Ability to exercise independent judgement and discretion in dealing with confidential operational matters.
Ability to maintain accurate and orderly electronic and manual files.
Advanced knowledge of financial and internal controls and strong knowledge of Public Sector Accounting Board (PSAB) standards.
Knowledge of relevant policies, procedures, and federal and provincial legislation that would be relevant to this position.
Familiarity with government legislation in the area of Occupational Health & Safety. Ability to work overtime as required.
Participating in the design and development of new corporate accounting procedures and policies.
Preparing working papers to assist with the preparation of the Corporation's annual financial statements, Provincial Financial Information Return and other financial and statistical reports.
Ability to support the Toronto Public Service values to ensure a culture that champions equity, diversity, and respectful workplaces.
NOTE TO INTERNAL FULL-TIME AND PART-TIME CITY OF TORONTO EMPLOYEES:
City of Toronto employees must apply to full-time or part-time employment opportunities posted on the City's Internal Job Posting Portal.
Equity, Diversity and Inclusion
The City is an equal opportunity employer, dedicated to creating a workplace culture of inclusiveness that reflects the diverse residents that we serve. Learn more about the City’s commitment toemployment equity (https://jobs.toronto.ca/jobsatcity/content/Hiring-Policies-and-Statements/?locale=en_US) .
Accommodation
The City of Toronto is committed to creating an accessible and inclusive organization. We are committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs. Disability-related accommodation during the application process is available upon request . Learn more about the City’sHiring Policies and Accommodation Process (https://jobs.toronto.ca/jobsatcity/content/Hiring-Policies-and-Statements/?locale=en_US) .