City of Toronto

Accounting Assistant

City of Toronto

full-time

Posted on:

Location Type: Office

Location: Toronto • Canada

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Salary

💰 CA$4,228 - CA$4,631 per hour

About the role

  • Performs accounting duties such as reviewing, researching, analyzing and reconciling ledger accounts, setting up and maintaining expenditures and revenue working papers, spreadsheets and reconciliation to general ledger.
  • Prepares financial statements and statistical data reports i.e. departmental capital and current projects.
  • Reviews, analyzes and reconcile encumbrances, budget variance reports and cost detail records related to departmental capital and current projects.
  • Reconciles and monitors capital/current projects and recoveries.
  • Maintains a Cost Control System including subsidiary records relating to departmental capital and current projects.
  • Prepares monthly departmental financial statements and other financial information for Divisions, Provincial and Federal Government.
  • Prepares and calculates subsidy claims, ad hoc financial and statistical reports to the Provincial and Federal Government.
  • Performs and maintains accounts receivable functions including bank deposits and reconciliation, preparing, reviewing, posting and reconciling journal entries.
  • Performs calculations in order to process period end accruals for expenditures.
  • Prepares working papers and processes period end and year end closing entries.
  • Reviews financial system reports and takes action as required.
  • Analyzes and reconciles account balances.
  • Prepares, reviews, and posts journal entries.
  • Reviews General Ledger expenditure and revenue accounts, processes reclassification and reallocation adjustments, and reconciles expenditures.
  • Prepares statements for reporting to management and divisions.
  • Analyzes monthly budget variances.
  • Provides assistance on accounting and financial related matters to the divisions as requested.
  • Provides financial analysis, claims and other information to the divisions.
  • Creates/executes ad hoc financial system reports for analysis purposes.
  • Liaises with Finance Department for processing vouchers, retrieving documents and dealing with other accounting related issues.
  • Assists on projects and assignments.
  • Monitors Provincial statutes and regulations, City by-laws and/or Council direction, and agreements for any changes.
  • Co-ordinates data with City, Provincial and Federal Auditors.

Requirements

  • Completion or present enrolment towards completion of a professional accounting designation and/or an equivalent combination of education and senior experience in accounting.
  • Extensive experience in financial accounting and/or financial reporting in public or private sector.
  • Considerable experience in the analysis, investigation and processing of transactions relating to accounts receivable.
  • Considerable experience analyzing financial data and preparing financial reports.
  • Considerable experience using office systems including Microsoft Office Suite: Word, Excel and PowerPoint.
  • Considerable experience using SAP or an equivalent financial information system.
  • Advanced knowledge of current accounting procedures and techniques pertaining to the function, with a strong working knowledge of SAP financial system.
  • Excellent customer service and interpersonal skills with the ability to establish and maintain effective working relationships with all levels of staff and public.
  • Strong verbal and written communication skills and the ability to communicate effectively and deal professionally and tactfully with members of Council, all levels of staff and public.
  • Strong analytical and problem-solving skills.
  • Ability to prepare detailed correspondence, memoranda, summaries, statements, and documentation requiring the interpretation and application of a wide range of administrative accounting practices.
  • Ability to provide work direction and training to accounting staff.
  • Ability to exercise independent judgement and discretion in dealing with confidential matters.
  • Ability to work overtime as required to meet deadlines.
  • Ability to perform complex detailed computations and calculations.
  • Ability to plan, organize and manage work independently with minimal supervision and co-operatively as a member of a team.
  • Working knowledge of Financial Control and Municipal Codes.
Benefits
  • None specified 📊 Check your resume score for this job Improve your chances of getting an interview by checking your resume score before you apply. Check Resume Score
Applicant Tracking System Keywords

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Hard Skills & Tools
financial accountingfinancial reportingaccounts receivablefinancial analysisbudget variance analysisjournal entriesaccrualscost controlstatistical reportingfinancial statement preparation
Soft Skills
customer serviceinterpersonal skillsverbal communicationwritten communicationanalytical skillsproblem-solving skillsindependent judgementteamworkorganizational skillstraining and direction
Certifications
professional accounting designation