Financial Analyst - Intermediate
TalentBurst
Toronto, Ontario
4d ago

JOB TITLE : Financial Analyst - Intermediate

START DATE : May 24th, 2018 / ASAP

DURATION : 6 months

NEED : Backfill for FTE who is on leave

EXTENSION : Possible will depend on the duration of the leave as well as the candidate's performance

HOURS : 40 hours per week, normal office hours 9-5. Some flexibility to work 8 : 30 4 : 30

OT : Some OT is expected the first week of every month. Additional work over the weekend is expected at the end of every fiscal quarter.

WHO WILL THEY WORK WITH ON A DAILY BASIS : The Senior Pension Accountant will direct the successful candidate's work, majority of time will be spent working with the Senior Pension Accountant.

Candidate will work with 2 other staff members within the General Accounting department. This is a heads down get the work done type of environment.

OVERVIEW

The Pension Accounting Group within the General Accounting Centre of Excellence is responsible for the accounting and reporting of global pension plans, long-

term disability plans, and post-retirement and post-employment benefits. The Pension Accounting Group also has operational responsibility for the Pension Fund and other funded trusts, which involves maintaining the books of record and liaising with the custodian, investment managers, actuaries, internal and external auditors, and senior management.

The primary tasks include working with our partner Client for assistance in their preparation of the Bank journal entries, pension note disclosure and controls reporting.

For the Pension plans the responsibilities include preparation of the monthly Pension plan financial statements, cash flow projections, and working with other team members to confirm the daily bank reconciliations are completed any additional entries are booked Other responsibilities include ensuring expenses are validated and paid timely, account and investment manager reconciliations, regulatory filings, tax remittances, and supporting schedules for audited financial statements.

This role would also partake in special accounting projects as required.

JOB RESPONSBILITIES

  • Prepare the monthly financial statements, and the annual audited financial statements including note disclosures for the five pension and benefit funded trusts
  • Review and analyze pension fund's risk exposure on financial instruments
  • Prepare working papers for external and internal auditors and handle their follow up questions
  • Perform analytical reviews and reconciliations
  • Maintain Pension and Benefits funds' books of account
  • Prepare cash transfer instructions to custodian
  • Prepare financial reporting for regulatory filings and for industry pension plan reporting
  • Prepare reconciliation of investment portfolios with custodial records
  • Liaise with custodian, investment managers and payroll service provider to resolve transaction discrepancies relating to investment instruction, expense and benefit payments, etc.
  • Assist in the preparation of annual administrative expense budgets and perform on-going variance analysis of the pension fund administrative expenses
  • Assist in accounting standard change implementations as required
  • Work with our partner Client to ensure monthly journal entries are booked correctly as part of the month end close cycle
  • Assist in the preparation of the quarterly and annual note disclosure for Post-employment benefits
  • Review the monthly SOX control file
  • Monitor the Employer funding requirements of legal entities and ensure correct posting
  • Reconciliations and analysis of financial statement accounts
  • Initiate and implement continuous process improvements
  • Manage highly sensitive information and keen to details and accuracy
  • Manage the reporting of multiple legal entities and funds
  • MUST HAVE

  • Strong excel and macro skills
  • EDUCATION / EXPERIENCE

  • Equivalent to University degree in Business / Accounting
  • Working towards or has achieved a recognized professional accounting designation (e.g. CPA, CA or CPA, CMA or CPA, CGA)
  • 4-5 years' experience working as a Financial Analyst
  • NICE TO HAVE

  • Understanding of pension accounting, and funding and administration
  • STAR CANDIDATE :

  • Self-motivated and able to work independently with minimal supervision
  • Strong analytical and problem-solving skills
  • Highly organized, detail oriented and committed to quality work
  • Excellent verbal and written communication skills
  • Ability to adapt to a constantly changing environment, with the mindset to change financial procedures and processes as necessary to meet such changes
  • Highly organized, detail oriented and committed to quality work
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