Financial Compliance Officer - North York, Canada - Bereavement Authority of Ontario

Bereavement Authority of Ontario

Verified Company

North York, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

About the BAO

The Bereavement Authority of Ontario (BAO) is an independent, not-for-profit corporation that administers provisions of the Funeral, Burial, and Cremation Services Act (FBCSA).

We diligently oversee and aid licensed professionals and operators in the bereavement sector throughout Ontario, with our funding wholly sourced from licensee fees.

Led by a steadfast commitment to accountability and excellence, the BAO is dedicated to ensuring the dignified and respectful treatment of all loved ones, exemplifying our unwavering pledge to safeguarding the public's interests.

What You Can Expect
As a Financial Compliance Officer with the BAO, you can expect a dynamic role championing adherence to regulatory guidelines.

You will play a pivotal part in conducting audits, delving into financial data, and crafting strategies to safeguard against risks while upholding compliance standards.

Prepare to engage in close collaboration with diverse teams, fostering a culture of shared knowledge and continuous learning.

What You'll Do

Education and Inquiries

Communicate with trustees managing licensee establishment funds and offer guidance and support to the Registrar, Solicitors, Accountants, and Cemetery/Funeral establishment operators regarding legal requirements outlined in regulations.

Audit & Assurance

Regularly review yearly license reports, financial statements, trust fund transfer requests and audit reports to ensure accurate reporting methods and practices.
Perform risk assessments and conduct the inspection and investigation on identified red flags of violations of regulations and/or complaints.
Examine financial reports submitted by licensees to ensure completeness, certification, and compliance with statutory requirements.

Compliance

Confirm trust account investments are compliant with the legislation regarding care and maintenance, prepaid trust money, trust accounts and trust funds.
Exercise professional judgement and determine whether a licensee has contravened or failed to comply with regulations and report on the conduct and activities of the licensee.
Aid senior management in reviewing complaints and noncompliance and follow up to ensure corrective actions align with Registrar's decisions, preparing related documentation.
Recommend actions to senior management and the Registrar for noncompliance, suspected fraud, and followup on financial audits, as well as advise on license conditions based on trust account analysis.

Legal

Assist Legal Counsel in the preparation and material for legal proceedings and giving expert evidence when required.
Provide input, analysis, interpretation, and other expertise to support inspections and investigations conducted by inspectors and in support of licensing operations.

Administration

Bring to the attention any incidents or developing trends in the Bereavement sector of concern that require consideration for further action or internal review of established policies.
Maintain and ensure data integrity of BAO's database with all financial compliance files and/or information and data including all activities, correspondence, actions, and outcomes.
Assist with special projects and initiatives, as needed.

What You Bring to the Role

1 year to 3 years of progressive experience in accounting, with a focus on audit/assurance, financial investment methods and data integrity.
Education in accounting, finance, commerce and/or equivalent work experience.
Ability to work independently or work effectively as part of a team environment.
Strong communication skills and ability to deal with a diverse range of stakeholders.
Knowledge and experience of intermediate Excel functions (VLOOKUP, Pivot Tables).
Experience in the bereavement sector and/or trust accounts.

Why Choose the BAO?

Hybrid Work:
Enjoy our flexible hybrid work schedule, with the ability to work remotely up to 3 days per week.

Comprehensive Personal Time Off:
We advocate the importance of down-time and personal well-being, as demonstrated by our generous paid time off policies.

Wellness & Health Support:
Take advantage of our extensive range of health benefits designed to prioritize both your physical and mental well-being.

Professional Development:
Get assistance for continuous education and professional development to drive your career growth.

RRSP:
Help build a secure financial future through our employer matched RRSP contribution plan.

Pay:
From $60,000.00 per year

Schedule: