Senior Financial Analyst, Toronto, Artscape

Published 2022-11-25
Expires 2022-12-25
ID #1277897850
Senior Financial Analyst, Toronto, Artscape
Canada, Ontario, Toronto,
Published November 25, 2022

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Senior financial analyst

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Reporting to the Director Finance & Administration, this position is responsible for providing meaningful, accurate, and timely financial input and processing of transactions to support accurate financial reporting and the organization’s decision making. This role will primarily focus on supporting our communities and properties team from a financial perspective including A/R, A/P, monthly reporting and analysis, Rent-Geared-to-Income (RGI) reporting and financial administration. This role will support the collection analysis and reporting of financial information including grants and other revenue sources for our various entities and business lines.

Responsibilities :

Prepare all aspects of general ledger accounting including month-end close entries, bank reconciliations, HST remittances and reporting
Account reconciliations and preparation of working papers to support general ledger balances
Analyse and import transactions from key systems (Salesforce, Nexudus, ADP) for related revenue and expenses
Analysis of monthly and quarterly trends in revenue and expenses
Assist with the preparation of monthly, quarterly and annual audited financial statements for internal and external stakeholders including lenders for all Artscape related legal entities
Assists with the preparation of the quarterly MD&A report
Primary Finance Team contact for Communities and Properties Team
Manage the tenant rent roll, tenant invoicing, additional rent reconciliations and related billings and/or adjustments based on review and analysis of tenant leases
Work proactively with Communities and Property team to identify issues regarding the monthly financial results, tenant recoveries, tenant aged receivables, and provide guidance on proper accounting policies
Prepare various accounting reports and analysis as required by Communities, Properties Team and Interim CFO
Assists with the preparation and management of the capital budgets and capital reserve accounts
Assist with monthly cash flow reporting and analysis for all entities
Provide decision support through the analysis of historical financials, variance explanations, cash flow, KPIs, forecast updates with risks and opportunities to the current plan
Supports the Finance team with internal and external financial analysis and reporting to ensure financial information is produced in a timely manner and meet the needs of the business areas and stakeholders
Assists with forecasting and budgeting process
Prepares grant, lender, and other annual funder reporting requirements
Coordinate with other members of the finance department in assisting with the development and consolidation of revenue and expense forecasts
Analysis of various P&L line items to identify impact of short-term and long-term statement of financial position accounts including cash impact
Build out efficiencies in existing forecasting processes and systems
Assist in the development of KPIs and dashboards and related reporting
Lead and/or participate in special projects and ad hoc analysis, as required

Qualifications :

A university degree in Finance, Accounting or a related field.
CPA designation and in good standing preferred or enrolled and actively working towards the CPA designation.
Minimum two (2) years of progressive experience in financial analysis, auditing, budgeting and accounting in a medium-sized organization
Minimum one (1) year of experience in a charity/ not-for-profit environment. Exposure to real estate/tenant accounting would be an asset.
Experience in system conversion, upgrade, and integration including mapping, system design, and documentation is required. Proficiency in using NetSuite and ADP will be an asset
Knowledge of Canadian Accounting Standards for NFPs and Canadian Revenue Agency legislation as it relates to charities is an asset
Advanced level proficiency in computer programs such as MS Office 365 with emphasis on MS Excel
Strong oral and written communication skills and demonstrated ability to take leadership of the assigned project
Ability to work in a fast-paced work environment and to manage multiple shifting priorities with an attention to detail

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    Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.

    Ontario is one of the thirteen provinces and territories of Canada. Located in Central Canada, it is Canada's most populous province, with 38.3 percent of the country's population, and is the second-largest province in total area. Ontario is the fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is also Ontario's provincial capital. Ontario is bordered by the province of Manitoba to the west, Hudson Bay and James Bay to the north, and Quebec to the east and northeast, and to the south by the U.S. states of (from west to east) Minnesota, Michigan, Ohio, Pennsylvania, and New York. Almost all of Ontario's 2,700 km (1,678 mi) border with the United States follows inland waterways: from the westerly Lake of the Woods, eastward along the major rivers and lakes of the Great Lakes/Saint Lawrence River drainage system. These include Rainy River, Pigeon River, Lake Superior, St. Marys River, Lake Huron, St. Clair River, Lake St. Clair, Detroit River, Lake Erie, Niagara River, Lake Ontario and the St. Lawrence River from Kingston, to the Quebec boundary just east of Cornwall. There is only about 1 km (0.6 mi) of land border, made up of portages including Height of Land Portage on the Minnesota border.Ontario is sometimes conceptually divided into two regions, Northern Ontario and Southern Ontario. The great majority of Ontario's population and arable land is in the south. In contrast, the larger, northern part of Ontario is sparsely populated with cold winters and heavy forestation.

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