Financial Analyst - Etobicoke, Canada - Home and Community Care Support Services

Home and Community Care Support Services

Verified Company

Etobicoke, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Description:

Financial Analyst - FMHC

Competition #:

FY

Date Posted:
May 9, 2024

Date Closed:
Until Filled

Salary Range:
HCCSS Non-Union Band 4 - $67,765.50 t0 $80,915.67

Reports to:
Manager, Finance

Category:
Permanent Full-time

Location:
Etobicoke Office - 401 The West Mall

**_

CARE AND BE CARED FOR - THIS IS YOUR HOME_**Reporting to the Manager, Finance, the Financial Analyst provides financial administrative support for the finance department specifically accounts receivables, payables, billing as well as analysis to ensure accuracy and reliability of financial and statistical data with respect to the general ledger, internal & external submissions in accordance with Management Information System (MIS) standards.

What will you do?

Corporate Accounting/Finance

Maintains General Ledger (GL) integrity by ensuring accuracy and compliance with MIS and the approved budget
Verifies accuracy of costs, quantities, allocation and backup to appropriate expenditures accounts
Responsible for processing payments through financial system and online direct deposit ensuring strict deadlines are adhered to
Leads weekly cheque runs and the preparation of manual cheques when required
Reconciles the GL the in financial system by verifying the accuracy of account allocation for Home and Community Care Support Services Purchase Service invoices and payroll/benefit accounts and cost centres
Leads the cash management process by compiling the related information from payroll, billing and accounts payables on a daily basis, escalation for cash loan requirement from financial institutions; leads the reconciliation process including cheque clearance in the financial system
Leads preparation of related journal entries for bank transaction
Responds to bank enquires in relation to banking activities (e.g. stop payment, transmission failures, etc.), recognizes risk and takes appropriate action, escalating to management where appropriate
Verifies the internal control system as it relates to bank deposits
Prepares and posts monthend purchase service accruals and all yearend accruals
Performs ongoing maintenance in the financial system including new account and vendor setup, running monthend reports, etc.
Conducts confidential account analysis across the organization as requested (i.e. analysis of liability accounts, expenditure accounts)
Compiles confidential data for yearend balance reconciliation for various service providers
Coordinates confidential transactions between payroll and finance including transmission of biweekly payroll file to the bank in a timely manner to ensure payment
Verifies confidential payroll related payment with respect to statutory dues to sets up the online payment
Provides confidential data to support organizational strategies and direction
Assists the Manager, Finance in maintaining appropriate internal control systems and ensuring procedures are in place to safeguard financial and other assets of the organization
Assists the Manager, Finance during statutory audit by preparing and analyzing various reports and analysis as may be required by the auditors
Completes a periodic cash flow analysis for review by the Manager, Finance.
Reviews bank deposits, monthly bank statements maintenance, bank reconciliation
Participates in the development and successful implementation of the department's annual Business Plan

Billing

Reconciles the GL financial and statistical billing records with billing system for FMHC billing quarterly MIS trial balance submissions
Leads the billing and payables process, ensuring the correct amounts, allocations, etc. are accurate and timely
Responsible for regular billing analysis; liaises with managers, staff and service providers for billing and finance related issues
Responsible for producing and analyzes weekly billing reports for management, and Quarterly billing for FMHC submission to external stakeholders.
Provides interpretation, advice and technical guidance to Accounts Payable staff in matters of financial processes and procedures on a day to day basis specifically for FMHC program.
Conducts investigations on billing and service provider issues such as resubmissions, pricing, rejections and resolves issues and escalates to Manager, Finance as required
Leads with the preparation of accounts receivable invoices related to expenditure recoveries as required
Supports the Family Managed Home Care Program

Reporting

Provides weekly/monthly analysis to patient services on contracted out billing fluctuation as is related to service providers and identifies trending and risk as it relates to billing
Runs ad hoc reports (i.e. Clinic reports, Service Provider Impact reports etc.) and provides analysis of the expenditures to senior management, client services, auditors etc.
Conducts the reconciliation based on MIS guidelines, between Client Health Related