Bank Reconciliation Analyst - Toronto, Canada - Toronto Transit Commission

Toronto Transit Commission

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

JOB INFORMATION

Requisition ID: 9143

Number of Vacancies: 1

Department:
Finance Financial Statements

Salary Information:
$63,299.60
- $ **
Pay Scale Group: 6SA

Employment Type:
Temporary

Until December 31, 2026**
Weekly Hours: 35,
Off Days: Saturday & Sunday
Shift: Day

Posted On:
Marach 15, 2024

Last Day to Apply:
March 26, 2026

Reports to:
Assistant Manager - Financial Statements

The Toronto Transit Commission (TTC) is North America's third largest transit system and has been recognized as one of the top places to work in the GTA.

Guided by a forward-thinking strategic plan, the TTC's vision is to be a transit system that makes Toronto proud.

The TTC's recruitment efforts are directly aligned to its mission of providing "a reliable, efficient, and integrated bus, streetcar and subway system that draws its high standards of customer care from our rich traditions of safety, service and courtesy.

"

General Accountability:

Reporting to the Assistant Manager-Financial Statements, the Bank Reconciliation Analyst reconciles all bank accounts of the Toronto Transit Commission (TTC) and its related entities using manual and automated matching SAP routines and ensures that bank reconciliations are completed within established timeline

Key Job Functions:

Reconciles all bank accounts of the (TTC) and its related entities, using manual and automated matching SAP routines;
Ensures that bank reconciliations are completed within established timelines;
Manipulates large volumes of transactions using advanced Excel features to match transactions and/or facilitates auto clearing by changing certain key transaction data elements and importing these transactions back into SAP;
Monitor banking transactions for irregularities and to investigate and initiate the correction of errors through proactive followup with transaction owners;
Analyze the causes for recurring reconciling errors, liaise with various departments to recommend effective solutions to prevent recurring errors or to improve auto clearing for a more efficient financial process;
Respond in a timely manner to requests and queries from external auditors and internal staff related to area of responsibility;
Assists with writing test cases and performing User Acceptance Testing (UAT) for any system changes impacting the bank reconciliation process;
Demonstrates behaviours that support diversity, inclusion, and a respectful work and service environment that is free from discrimination and harassment. Helps to remove barriers and accommodate employees and customers (within their area of responsibility) in accordance with TTC's commitments and obligations under the Ontario Human Rights Code (OHRC) and Related Orders, the Accessibility for Ontarians with Disabilities Act (AODA), and TTC's policies.

Skills:

Maintain documentation and historical records
Perform relevant mathematical calculations and statistical analyses
Communicate in a variety of mediums
Create, document, and manage information and records
Education and Experience:
Completion of post
secondary education including courses in accounting or combination of education, training and experience deemed to be equivalent, combined with a few years of similar or related work experience;
Enrolment in the CPA program is an asset;
Must have advanced proficiency in accounting principles and practices involving financial record keeping, journal entry preparation, account analysis and reconciliation;
In depth knowledge of banking and credit card settlement, terminology and processes (i.e. stop payments, cancellations, staledated, positive pay, role of the credit card acquirer etc.);
Must have experience directly related to performing multiple, complex, high volume, timesensitive bank reconciliations in an ERP environment;
Must have advanced proficiency in Microsoft Excel to efficiently sort, filter, convert, compare and/ or analyze using other advanced functions to manipulate large volumes of data in linked spreadsheets (vlookup, concatenate formula, absolute value, sorting and pivot tables) including the ability to transfer, download, export/ import and manage data;
Experience in a financial accounting role where process improvements were identified and resolved.
Knowledge and experience with SAP specifically the bank/cash accounting component of Financial Accounting is preferred.

Additional Requirements:

Knowledge of banking and credit card settlement, terminology and processes;
Must be highly detailoriented and have the capability to perform or review delegated repetitive tasks performed by other staff, with a high degree of accuracy and efficiency;
Strong written, verbal and oral communication skills with ability to interact effectively with staff at all levels of the Commission, including external contacts;
Proven research and reconciliation skill