Financial Services Specialist

As an equal opportunity employer, we are looking to build a diverse workforce that reflects the diversity of our clients and the customers we serve. Learn more about working for WCB at Careers - WCB Alberta

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Financial Services Specialist
Financial Services

Edmonton, Alberta

Permanent, Full-time Position

Do you…

…strive to make a difference?

…value respect, care, excellence, trust and fairness?

…value a culture where individuals are committed to deliver purposeful client service through a lens of learning and growth, within a hybrid work model that values flexibility and work-life balance?

At WCB-Alberta, we make a meaningful impact in the lives of working Albertans. We are a not-for-profit organization legislated to administer the workers' compensation system for the province. When any Alberta worker is hurt on the job, we are here to help. We provide compensation and benefits for workplace injuries and occupational diseases to over 1.9 million workers.

The Financial Services team manages the reporting and compliance functions related to financial reporting for the organization. Our reporting is based on IFRS accounting standards. Our compliance activities encompass process overviews for evaluating risks and assessing the existence and effectiveness of internal controls.

WCB-Alberta is on a journey to evolve our processes and the ways in which we deliver insight to our customers, using technology as an enabler. To be successful in this environment, you'll need to have a strong interest in digital transformation, and experience in applying frameworks that facilitate evaluation around continuous improvement and risk assessment. Self-initiative is no stranger to you; you are curious, learn quickly and adapt to new challenges; your analysis skills are strong, and you make sense out of many different sources of information. Combining your ability to effectively communicate with all levels of staff, management, and external partners, along with your strong client focus will help you to effectively influence and manage change in this role.

We are shaping the future around the delivery of financial insight for our organization. We believe in meaningful work, automating the transactional, and focusing our expertise on providing insight to the business. If you align with our values, want to be part of a group of enthusiastic people who share our passion for meaningful work and are excited about the opportunities that our finance team is delivering to our business, we encourage you to apply online today.

The Opportunity:

• Prepares the monthly and annual financial statements, including detailed working papers, commentary and variance analysis in a summarized format to facilitate decision making.

• Plays a key role in the year end audit process including, but not limited to, the development of the Management, Discussion and Analysis (MD&A), and the external financial statements that form part of the Annual Report, ensuring the on-time production of a high quality and accurate report; as well as participating and facilitating responses to external audit queries.

• Works closely with the investment team to ensure investment outcomes are reported accurately. Responsible for monthly recording and reporting of the investment portfolio. Develops improvements to investment accounting processes.

• Supports development of the Financial Services team through mentorship, with opportunities to learn and act in a formal leadership role.

• Plays a crucial role in the accurate preparation of monthly financial results, and a key contributor to analysis presented at monthly meetings with Finance Division management.

• Supports budget and forecast updates to financial statements, by coordinating with various teams within finance.

• Provides technical leadership on IFRS accounting issues including, but not limited to, recommending accounting treatment and the resulting process changes and documentation for new accounting standards.

• Provides analysis and recommendations to business units related to the proper accounting treatment of capital projects. Provides oversight on capital entries and the database that tracks capital assets.

• Project manages annual compliance reviews, as well as participates in the review and oversight of ad hoc audit, financial, fraud and compliance deliverables. Embraces continuous improvement and design thinking, leveraging data tools to recommend optimizations. The goal is to reduce time spent on data compilation, enhance process improvement, and allow for more insightful analysis and strategic decision-making.

• Participate in projects as assigned and perform analysis on requests from various partners. Includes, but not limited to, review of business cases, project charters, contracts, and various types of other requests, with a keen eye to evaluating and providing guidance on accounting treatment, budgetary impacts, and financial risk and controls.

Your experience and skills:

• University degree in Business; specialization in accounting and business analytics would be an asset.

• CPA designation.

• At least 5 years of experience in financial accounting under IFRS, including effective research and recommendation of accounting policies and practices; preparation of complex financial statement working papers; financial analysis; and preparation of budgets.

• Advanced experience in the use of excel, as well as experience with Power BI, Power Query and the analytic tools available within Microsoft 365.

• Solid understanding around the importance of data management in the context of financial analysis and reporting.

• Ability to learn and act quickly when faced with problems and ambiguity.

• Effective written and verbal communication and presentation skills, including the ability to explain complex concepts to non-technical staff, and deliver reports suitable for decision making.

• Well-developed team management skills, including the ability to prioritize, plan and organize required deliverables and to delegate effectively.

• Strong interpersonal, customer service, and consulting skills.

• Strong conceptual and analytical skills, as well as creativity in identifying solutions, with proven decision-making ability.

• Ability to remain composed when faced with unexpected problems and work effectively through stressful situations.

• Experience with Workday Financial Planning and IFMS PeopleSoft would be an asset.

We offer competitive salaries, a comprehensive benefits package, flexible work schedules and hybrid work (combination of work from primary home residence and in office) that foster a healthy work-life balance; supportive leadership and professional development; and a caring and collaborative work environment. For more information, please see our Employee Handbook, available on our website.

SALARY: $89,984 to $105,848 per annum (Grade 12)

We are committed to providing equal opportunity to all qualified persons, without regard to race, colour, religion or national origin, gender (or gender identity expression), age, sexual orientation, physical or mental disability. Equal opportunity is provided in employment, promotions and wages.

Successful candidate must reside in Alberta and be able to work in person in our office as required by their position. Final candidates are required to undergo a security clearance and credit check.

Please apply above by submitting a cover letter and resume. We thank all applicants for their interest, however, only candidates under consideration will be contacted.

Closes: November 15, 2024