Description:
The Accounting Analyst is accountable to the Manager, Accounting and Financial Analysis for processing financial transactions, analyzing and executing month-end procedures, preparing account reconciliations, conducting various financial analyses to help with business development, assist/lead accounting related projects, and other financial related tasks as assigned.
This position is contingent on funding.
Responsibilities:
Financial Analysis
- Prepare weekly, month-end as well as year-end journal entries accurately and in a timely manner, applying GAAP principles and following the university’s finance policies for all units in P+RS
- Extract and examine data sets to create custom financial reports, including but not limited to internal financial statements designed for individual business units using retail-specific software, as well as the university’s financial reporting system
- Analyze and apply historical trends to forecast and predict monthly budgeting amounts for year-to-date budgeting
- Process accounting transactions, providing timely reporting on and reconciling monthly balances, and working with customers/suppliers and P+RS staff to resolve any discrepancies
- Administer University of Waterloo staff and faculty purchase payroll deduction program, calculating monthly interest and communicating appropriate deductions to Payroll Department
- Month-end analysis on inventory adjustments, vendor price changes, margins, and inventory year-over-year variances
Account Reconciliations
- Reconcile various balance sheets and clearing accounts on a monthly basis following appropriate accounting principles
- Provide oversight on the P+RS gift card and deposit credit programs through monthly balancing against university general ledger accounts
- Balance retail general ledger sales and cost of goods sold amounts against the university’s financial statements