Accounting Specialist - Kitchener, Canada - Region of Waterloo

Region of Waterloo

Verified Company

Kitchener, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Our Story:

Committed to fostering opportunities for current and future generations, the Region of Waterloo is an inclusive, thriving, and sustainable region of connected rural and urban communities with global reach.

Our mission is to serve, engage and inspire, by delivering quality services to a diverse population of 630,000+, while creating a healthy, collaborative environment of learning, respect, and innovation.

This is a place where employees are valued and recognized for their talents and contributions to our success. Our employees take pride in making a difference in people's lives through the work that we do. We are looking for people like you to help make it happen.

The Role:

Provides corporate-level accounting services and support to the Public Health and Paramedic Services Department (PHE) and Community Services Department (CSD).

This includes but is not limited to operating and capital budget preparation, budget updating and control, expenditure reporting, and financial studies.

Prepares budget submissions, subsidy claims, and yearend financial statements for provincial and federal programs operated by the Region. Prepares information reports used by senior leaders in decision-making. This role is a twelve (12) month contract commencing in the spring of 2024.

Duties/Responsibilities:

Participates in the preparation of operating budgets related to, PHE and CSD including the preparation of budget documents, summaries, and impact studies. Assists the Financial Analyst in monitoring operating expenditures against approved budgets.
Participates in capital reserve and reserve fund analyses related to projects. Determines financing requirements for capital projects and applies financing (e.g., debentures, reserve funds) as required.
Prepares budget submissions to the Province, and submits upon management approval.
Gathers information and prepare yearend documentation for financial statements.
Monitors to ensure funds due to the Region from other levels of government are received and properly accounted for, and reconciles accounts.
Allocates costs to provincially costshared programs.
Calculates rates and financial impacts for rate increase reports.
Administers, reconciles and verifies account accuracy. Investigates and corrects errors in the general ledger.
Calculates and prepares invoices for services provided by the Region on behalf of client departments.
Prepares monthly and annual journal entries to allocate charges to programs. Prepares monthly cheque requisitions for subsidy entitlements and validates invoice payment information.
Compiles and reports information required by provincial ministries and federal agencies.
Verifies and processes progress payments and holdbacks for facilities capital construction projects. Submits to Legal Services for lien checks. Administers holdback accounts.
Assists in preparing information for external auditor. Works with ministry auditors when required in examination of subsidy claims.
Responds to inquiries from contracted home childcare providers regarding payment status.
Exchanges information with clients as it relates to budgets, forecasting, grants, claims, and subsidies.
Consults with management on policy directions, and on unusual or politically sensitive situations.
Performs related duties as assigned.

Knowledge, Skills, and Abilities:

Knowledge and skills are normally acquired through a Bachelor's degree in a related field, plus 3 years of related experience. An equivalent combination of education and experience will be considered.
Must be enrolled in, eligible to be enrolled in, or completed the Chartered Professional Accountant professional education program upon hire.
Knowledge of financial and management accounting practices and principles, financial and systems analysis, and general business and economic principles.
Proven skill in financial analysis, budget preparation, and report writing.
Knowledge and understanding of municipal financial accounting policies and procedures, provincial and federal programs, and funding and costsharing relationships.
Knowledge and understanding of funding requirements outlined in legislation and regulations applicable to client departments, such as (but not limited to): employment and income support, disability support, children's services, long term care and seniors services, housing services, paramedic services, and public health, as well as the Municipal Act.
Knowledge of and ability to comply with corporate policies and procedures.
Computer skills with ability to use software such as MS Office (particularly Excel), report writers, corporate financial systems, and human resources information systems. Understanding of provincial technology systems used by client departments, and their impacts on accounting and reporting requirements.
Communication and interpersonal skills to exchange information with internal and external stakeholders wi