Manager Financial Reporting - Toronto, Canada - Workplace Safety and Insurance Board

Workplace Safety and Insurance Board

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Be a part of the team that supports the WSIB's transition to a new ERP system implementation. This initiative requires a financial reporting lead for the implementation of a comprehensive Financial Reporting ERP system.

Responsibilities include:

Assessing organizational needs by gaining an understanding of current financial policies, procedures and processes in the current ERP system in relation to producing the financial statements and other key internal and external reports.
Develop an ideal workflow to be used within the new ERP system.
Collaborating and coordinating with crossfunctional teams to drive improvements to current business processes while helping to ensure integration with strategic plans
Performing impact assessments due to process changes and embedding new processes
Ensuring data integrity is maintained on transition to the new ERP system by designing end to end testing of new data and processes.

This role will work alongside the financial reporting manager to understand the roles and responsibilites of the financial reporting team.

The financial reporting manager plans and manages the WSIB's financial reporting program (monthly, quarterly and annual).

The responsibilities include preparing the WSIB consolidated financial statements, ensuring the WSIB's financial information is reported in accordance with generally accepted accounting standards, and complies with WSIB's corporate objectives and statutory obligations.

These responsibilities are carried out to provide Senior Management and the Audit and Finance Committee with the WSIB Financial Statements and assurance regarding the quality of the information that underlies the WSIB consolidated financial statements.

The Manager, Financial Reporting is expected to make recommendations to Senior Management (Corporate Controller, VP, Financial Reporting and CFO) for developing financial statement packages and maintaining accounting principles, practices and procedures to ensure accurate and timely financial reporting.

The Manager, Financial Reporting participates or leads corporate projects/initiatives with impact on financial reporting or financial systems and provides financial consultation service to management on financial reporting matters

Major Responsibilities:

Plan and manage the WSIB's Consolidated Financial Reporting program which includes preparation of the monthly financial statements, quarterly report to stakeholders and annual report

This includes:

Preparing and reviewing consolidated financial statements and notes and provide to Senior Management.
Coordinating Management Discussion and Analysis (MD&A) for quarterly stakeholder report and annual report.
Planning to ensure that all financial reporting deadlines are met and problems addressed in a timely manner
Reviewing support information prepared by financial reporting team and ensure completeness, accuracy and compliance to financial standards.
Providing guidance and direction to financial reporting team.
Providing financial reporting advice, recommendations to WSIB clients to assist in preparation of information needed for financial statements and stakeholder reports
Maintaining comprehensive and current knowledge of the statutory obligations and operational policies in relation to financial reporting requirements
Reviewing accounting process controls, establish and maintain accounting policies and procedures to ensure adequate internal controls over financial information.

Planning, implementing and maintaining the WSIB consolidated financial statements and supporting financial reports and information systems (General ledger and sub ledgers for financial information) by:

Implementing changes to financial statements and other support financial reports and ensure updates are made for any changes in accounting standards and/or management requests.
Researching accounting and financial reporting requirements and/or standards and recommend changes to financial reports.
Ensuring financial systems objectives are consistent with the WSIB's corporate goals and objectives.
Providing technical advice on general ledger system and on financial system information requirements.

Develop and maintain effective communication relationships within the WSIB and external to the WSIB on reporting, accounting controls over financial reporting, financial reporting process by:

Responding to queries from Corporate Controller, VP, Financial Reporting and Chief Financial Officer regarding financial results, and reports.
Liaising with external auditors and other external consultants to ensure timely quarterly reviews and audits.
Interfacing with other departments to verify transactions and information needed for financial reports.
Providing guidance to other WSIB areas on recording of financial transactions and financial reports.
Leading projects and/or participate in projects with financial reporting impact and provide expert advi