Finance Analyst - 2 vacancies - Closing Date December 31, 2024 at 4:00pm

Please note: This job posting will close on December 31, 2024 and this posting is for an existing vacancy.

Previous candidates are encouraged to apply again.

Objective:

To provide sound bookkeeping services and financial analysis for the OFIFC in compliance with Generally Accepted Accounting Principles (GAAP), Federal/Provincial legislation and OFIFC policies and procedures.

Key Deliverables:

● To provide and maintain accounting records, financial support and analysis ensuring accuracy, completeness and compliance with policies and procedures that are aligned with OFIFC’s long-range strategic plan.

Key Responsibilities:

Data Management and Reporting (35%):

● Maintain accounting systems and financial books of record, including contracts and agreements, payroll transactions, accounts payable, accounts receivable and program reporting

● Examines and analyses submitted account records, financial statements and other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards and informs OFIFC Management

● Surveys program operations to ascertain accounting needs and develops and recommends solutions to program financial challenges

● Review and reconcile monthly, quarterly, annual general ledger account balances for accuracy and up to date financial data

● Prepare Program monthly, quarterly and annual fiscal reports including income statements, balance sheets and reports

● Review Distribution to Centres' accounts and prepare adjustments as required

● Prepare General Journal Entries to reconcile and ensure program accounts are accurate

Analyzing, Forecasting, and Planning (20%):

● Provides financial analysis of program expenses, revenues, financial commitments, budgets, and financial statements to report and make recommendations to OFIFC Management

● Review program statement of operations and report recommendations and solutions to budget authorities

● Generate and analyze Program revenue and expenditure reports

● Examine and analyse account records, program statements of operations, program variances and other program financial reports

Financial Support (15%):

● Delivers on the job training and supports to financial staff of Friendship Centres and provides financial advice to OFIFC Management

● Responsible for the setup and maintaining Program accounts as directed by Senior Financial Analyst

General (15%):

● Ensure that processes are continuously improved in terms of efficiency, transparency, and overall effectiveness

● Assist in establishing and recommending updates to financial policies, procedures and processes

● Collaborate and Support Program Budget Authority on an ongoing basis with funder financial negotiations, attend monthly program budget meetings. Provide historical data and cost projections, recommend future budget amendments

● Provides direct support in financial review and/or inquiries by Government funders and OFIFC staff

Audit (15%):

● Assist with various year end audit tasks such as gathering supporting documents, reconciling balance sheet, revenue and expense schedules, preparing audit reports, participating in specific program audits, ensuring internal controls and accounting standards are met

● Ensures all financial accounts, records and reports are audit-ready at fiscal year end

Education/Work Experience:

● Bachelor’s degree in finance, accounting and/or industry courses relevant to Accounting or Finance

● Over 1, up to and including 3 years experience in a financial analyst role or financial experience in a full accounting cycle role

● Minimum 1 year experience working in a not-for-profit sector in an accounting capacity is an asset.

Behavioural Competencies:

● Attention to detail & Accuracy

● Integrity & Credibility

● Critical & Analytical Thinking

● Organisational skills, and Multi-tasking

● Time Management

● Confidentiality

Technical Competencies:

● Understanding of GAAP and accounting functions/practices

● High proficiency in Excel and other MS Office applications (Word, Access, etc.)

● Working knowledge of accounting software such as Sage

● Self-motivator with the ability to work independently and in a team environment

● Strong listening, verbal and written communication skills

● Ability to present financial data using detailed reports, charts, dashboards

What we offer:

• Culture-based organization

• Hiring range - $70,000 - $73,850

• Registered Pension Plan - Employer matching

• Health Benefits including dental, healthcare spending account, lifestyle spending account - 100% employer paid

• Hybrid working model (2 days per week in-office)

The OFIFC is committed to building a skilled and diverse workforce; we promote employment equity and encourage applicants to indicate if you belong to one of the four designated employment equity groups Women, Indigenous peoples, Persons with disabilities, or Members of visible minorities when you apply. Preference will be given to qualified Turtle Island Indigenous people or members of First Nations, Inuit and Métis including treaty, status or registered Indigenous people, as well as those non-status and non-registered who self-declare as such.

Accommodation:

The OFIFC is committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Should you require Code-protected accommodation through any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.

Pre-screen Interviews are scheduled to take place January 13 -17, 2025.

Formal interviews are scheduled to take place January 20 - 24 , 2025.