Description:
Consistently named one of Canada’s Best Employers by Forbes, we offer a collaborative, progressive workplace that takes pride in our organizational culture and is committed to living The 13+ Factors of Psychological Health and Safety in the Workplace – aligned with our vision to create strong, caring and safe communities both within and outside our walls.
- Defined Benefit Pension Program - With the Ontario Municipality Employees Retirement System (OMERS) defined benefit pension plan, you can confidently retire knowing that you will have income for life. Eligibility from date of hire as a full-time employee and includes employer-matched contributions.
- Employer of Choice - Recognized as the highest-ranking government employer in Canada and fourth overall among 300 organizations.
- Benefits and Wellness - Employees and their loved ones have access to a comprehensive employer-paid benefits plan that includes extended health, dental and life insurance, access to a 24/7 Employee and Family Assistance Program and corporate discounts and purchase plans for day-to-day products and services.
- Inclusive and Diverse Workforce - We’re committed to fostering an environment that celebrates all dimensions of diversity and ensures everyone can develop to their full potential, participate freely in society and live with respect, dignity and freedom from discrimination. Our robust Inclusion, Diversity, Equity and Accessibility program continues to grow, and has been recognized by the United Nations and many other organizations for our leadership.
ABOUT THE ROLE
Reporting to the Accounting Supervisor, is responsible for performing financial analysis within the Branch; supporting activities relating to the annual operating and capital budget development and review process; assisting with the production of financial statements and reports; performing financial analysis and meeting regular reporting interface requirements to the Regional Financial systems; and performing financial duties and tasks supporting program and service delivery activities within the unit.
WHAT YOU'LL BE DOING
- Prepares revenue analysis and projections.
- Prepares year to date and forecasted year end variance analysis for management team; investigates variances and identifies the causes.
- Prepares accrual entries and adjustments in financial system to enable production of monthly reports.
- Monitors and tracks all Transit revenue activities including fare revenue, bus and shelter advertising, fare enforcement fines, etc; prepares financial statements and reports for the Manager.
- Reviews data from the Revenue Management Systems (RMS) for rapid transit (VIVA), including inventory control for fare media through ticket vending machines, revenue control for payments by
- Ensures accurate and timely input of data into the accounting systems, investigates and resolves discrepancies.
- Completes regular reporting and data input to Regional financial systems.
- Assists with preparation of year end working papers, schedules, branch process and audits.
- Assists in the development and implementation of new financial systems and enhancements and/or financial management reports to provide the necessary tools and information to the management team.
- Responds to inquiries and resolves concerns, as appropriate, from the general public etc. riders and third party settlement for non cash transactions; analyzes and makes recommendations to Manager.
- Assists with the preparation and development of the annual operating and capital budgets, business plans, preparation of reports, collection and interpretation of data, etc.
- Utilizes and develops budgeting and forecasting models.
WHAT WE'RE LOOKING FOR
- Successful completion of a University Degree in Business, Finance, Accounting or related field.
- Completion of two core Chartered Professional Accountant – Professional Education Program (CPA-PEP) courses.
- Minimum three (3) years’ experience in applying financial analysis and forecasting, data comparisons, variance analysis and related financial activities as well as exposure to project management.
- Sound knowledge of accounting principles and practices and strategic financial planning concepts in a computerized financial environment.
- Knowledge of budget processes, principles and practices, data processing systems, accounting and financial control procedures.
- Knowledge of financial management systems in a large municipal or corporate setting and provincial/municipal statutes and regulations.
- Knowledge of the Public Sector Accounting Principles (PSAP) and General Accepted Accounting Principles (GAAP).