Finance Analyst - Toronto, Canada - Ontario Federation of Indigenous Friendship Centres

Ontario Federation of Indigenous Friendship Centres

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Objective:

To provide sound bookkeeping services and financial analysis for the OFIFC in compliance with Generally Accepted Accounting Principles (GAAP), Federal/Provincial legislation and OFIFC policies and procedures.

Key Deliverables:

To provide and maintain accounting records, financial support and analysis ensuring accuracy, completeness and compliance with policies and procedures that are aligned with OFIFC's longrange strategic plan.

Key Responsibilities:

Data Management and Reporting:

Maintain accounting systems and financial books of record, including contracts and agreements, payroll transactions, accounts payable, accounts receivable and program reporting
Examines and analyses submitted account records, financial statements and other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards and informs OFIFC Management
Surveys program operations to ascertain accounting needs and develops and recommends solutions to program financial challenges
Review and reconcile monthly, quarterly, annual general ledger account balances for accuracy and up to date financial data
Prepare Program monthly, quarterly and annual fiscal reports including income statements, balance sheets and reports
Review Distribution to Centres' accounts and prepare adjustments as required
Prepare General Journal Entries to reconcile and ensure program accounts are accurate

Analyzing, Forecasting, and Planning:

Provides financial analysis of program expenses, revenues, financial commitments, budgets, and financial statements to report and make recommendations to OFIFC Management
Review program statement of operations and report recommendations and solutions to budget authorities
Generate and analyze Program revenue and expenditure reports
Examine and analyse account records, program statements of operations, program variances and other program financial reports

Financial Support:

Delivers on the job training andw supports to financial staff of Friendship Centres and provides financial advice to OFIFC Management
Responsible for the setup and maintaining Program accounts as directed by Senior Financial Analyst

General:

Ensure that processes are continuously improved in terms of efficiency, transparency, and overall effectiveness
Assist in establishing and recommending updates to financial policies, procedures and processes
Collaborate and Support Program Budget Authority on an ongoing basis with funder financial negotiations, attend monthly program budget meetings. Provide historical data and cost projections, recommend future budget amendments
Provides direct support in financial review and/or inquiries by Government funders and OFIFC staff

Audit:

Assist with various yearend audit tasks such as gathering supporting documents, reconciling balance sheet, revenue and expense schedules, preparing audit reports, participating in specific program audits, ensuring internal controls and accounting standards are met
Ensures all financial accounts, records and reports are auditready at fiscal yearend

Education/Work Experience:

Bachelor's degree in finance, accounting and/or industry courses relevant to Accounting or Finance
2+ years experience in a financial analyst role or financial experience in a full accounting cycle role
Minimum 1year experience working in a notforprofit sector in an accounting capacity

Behavioural Competencies:

Attention to detail and Accuracy
Integrity and Credibility
Critical and Analytical Thinking
Organisational skills, and Multitasking
Time Management
Confidentiality

Technical Competencies:

Understanding of GAAP and accounting functions/practices
Working knowledge of accounting software such as Sage
Selfmotivator with the ability to work independently and in a team environment
Strong listening, verbal and written communication skills
Ability to present financial data using detailed reports, charts, dashboards

What we offer:

Culturebased organization
Competitive salary
Comprehensive Health benefits after probationary period

Virtual first

Hybrid working model

The OFIFC is committed to building a skilled and diverse workforce; we promote employment equity and encourage applicants to indicate if you belong to one of the four designated employment equity groups Women, Indigenous peoples, Persons with disabilities, or Members of visible minorities when you apply.

Preference will be given to qualified Turtle Island Indigenous people or members of First Nations, Inuit and Métis including treaty, status or registered Indigenous people, as well as those non-status and non-registered who self-declare as such.

Accommodation:

The OFIFC is 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 throu