Financial Officer - Toronto, Canada - University of Toronto

University of Toronto

Verified Company

Toronto, Canada

5 days ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Date Posted:04/10/2023

Req ID: 30663

Faculty/Division:
Faculty of Arts & Science

Department:
Dept of Psychology

Campus:
St. George (Downtown Toronto)

Position Number:

Description:

About us:

The Faculty of Arts & Science is the heart of Canada's leading university and one of the most comprehensive and diverse academic divisions in the world.

The strength of Arts & Science derives from our combined teaching and research excellence in the humanities, sciences and social sciences across 29 departments, seven colleges and 46 interdisciplinary centres, institutes and programs.

We can only realize our mission with the dedication and excellence of engaged staff and faculty.

The diversity of opportunities and perspectives within the Faculty reflect the local and global landscape and the need for curiosity, innovative thinking and collaboration.

At Arts & Science, we take pride in our legacy of innovation and discovery that has changed the way we think about the world.

Your opportunity:

Established in 1927, the Department of Psychology has for over a century been a top choice for those pursuing a career in psychological research.

The combined expertise of our faculty spans all major areas of psychology and reflects a wide range of approaches to the study of mind, brain, and behaviour.

Our department consists of a diverse and internationally recognized faculty, first-rate laboratory facilities, and a tradition of cutting-edge, collaborative research in an inspiring intellectual atmosphere.

We take pride in prevailing as an important department in today's competitive psychology research and education fields.

Your responsibilities will include:

Forecasting and planning financial activities incorporating budgets with multiple sources of revenue and/or recoveries
Monitoring department budget to ensure expenditures remain within budgeted allocations. Monitoring, recording, reconciling and/or reporting on funding accounts for grants and contracts.
Recording detailed transactions for many accounts including payroll and analyzing information to identify spending trends and recommend cost saving measures. Providing advice and data to support the development of business cases and analytics for departmental initiatives. Implementing plans and process improvements for financial administration activities.
Identifying and resolving individual data anomalies and discrepancies and verifying the accuracy and completeness of information. Entering salary and /or personnel information in HRIS.
Processing and monitoring payroll and accounts receivable and payables according to the University Guide to Payroll and Financial Management.
Conducting salary and benefit cost analysis and generating financial reports.
Keeping wellinformed on purchasing and/or procurement policies and procedures. Verifying that provisions of applicable collective agreements and/or policies are applied appropriately.
Processing and verifying that HRIS transactions are processed according to applicable policies, procedures, collective agreements, and applicable legislated requirements

Essential Qualifications:

Bachelor's degree in business and/or accounting or an or acceptable combination of equivalent experience.
Minimum three years of recent and related financial and administrative experience related to overseeing and monitoring research grants and contracts, preferably in an University environment.
Demonstrated work experience in aspects of accounting up to and including payroll, monitoring accounts, forecasting, account reconciliation and preparation of financial statements.
Demonstrated strong knowledge of general accounting principles and procedures.
Well developed financial forecasting analysis experience.
Proven experience with compiling, investigating and analyzing financial information as well as making recommendations based on outcome of analysis.
Demonstrated experience in processing and monitoring payroll and accounts receivable and payables.
Excellent verbal and written communication skills.
Highly proficient in using MS Office, with advanced skills in MS Excel
Advanced experience with the University's Administrative Management Systems (FIS, DIS, RIS and HRIS) or other similar systems
Excellent organizational and time management skills.

- strong ability to work under pressure and meet multiple deadlines.

Strong interpersonal and teamwork skills. Ability to work independently with mínimal supervision

- strong analytical skills.

Detailed oriented with demonstrated flexibility and accuracy in performing work.
Ability to handle matters of a sensitive and confidential nature.
Shows good judgement and tact.

To be successful in this role you will be: