Job Description

JOB INFORMATION

Requisition ID:

11518

Number of Vacancies:

1

Department:

Accounting Services (20001217) - Financial Statements (30000071)

Salary Information:

$134,789.20 - $168,550.20

Pay Scale Group:

12SA (CAN/S/J/12SA)

Employment Type:

Temporary-Until September 11, 2026-Hybrid

Weekly Hours:

35,

Off Days:

Saturday & Sunday

Shift:

Day

Posted On:

June 25, 2025

Last Day to Apply:

July 3, 2025

Reports to:

Executive Director, Finance



The Toronto Transit Commission (TTC), North America's third largest transit system and recognized as one of the top places to work in the GTA has introduced its new 2024-2028 TTC Corporate Plan - Moving Toronto, Connecting Communities which continues the TTC's legacy of delivering service to hundreds of millions of customers a year. The TTC's new vision and mission statements also help promote the many environmental, social equity and economic benefits that the TTC provides:

Vision:

Moving Toronto towards a more equitable, sustainable, and prosperous future.

Mission:

To serve the needs of transit riders by providing a safe, reliable, efficient, and accessible mass public transit service through a seamless integrated network to create access to opportunity for everyone.



The full Plan can be viewed on ttc.ca.

Career Opportunity

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We have a great opportunity in our Finance Department. We are currently seeking to hire a Temporary Director (Maturnity Leave) to oversee the Financial Reporting and Systems area

What You Will Do

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You will be responsible for providing strategic leadership and effective management of teams responsible for performing statutory financial reporting, capital project and asset accounting, and sustainment of TTC's financial system; developing, maintaining and monitoring compliance with established accounting policies and standards; and providing counsel to senior management to ensure key decisions are informed by applicable accounting policies, standards and leading practices.



Lead the planning, management and continuous improvement of period-end and year-end financial close processes, including reporting on progress, reviewing major journal entries and statements, working with other stakeholders to ensure key transactions, accruals and issues are appropriately accounted for, and providing direction and counsel to various stakeholders as needed.



In addition, partner with the Costing & Financial Modelling team to analyze and prepare various provisions and directing the actuarial assumptions used by third parties to prepare supporting reports and analysis. Oversee the calculation and allocation of all indirect and overhead charges against capital projects.



Direct investigations of unusual and/or material postings to evaluate potential reporting errors, conducting root cause analysis and developing recommended solutions, including collaboration with the Business Partner Support sections to revise procedures or educate users to prevent further errors.



Direct, review and approve accounting and financial reporting adjustments, notes and summaries, and accounting treatments of contingent claims and liabilities. As well be responsible for all aspects of the external audit of TTC's financial statements, ensuring subordinate staff provide deliverables, clarification of policies and procedures, and resolution of major audit issues in a timely manner. Lead the preparation of the periodic, annual and/or consolidated financial statements of the TTC, Wheel-Trans and subsidiaries



Direct the creation, development, maintenance and distribution of SAP financial reports and supporting dashboard development that utilizes SAP data. Oversee sustainment, control, improvements and upgrades to the SAP General Ledger (GL), capital accounting and asset inventory systems, and related systems



Manage, train and coach staff in their knowledge, development and application of accounting and other key policies, legislation, analytical and procedural techniques, information and reporting requirements, in order to optimize financial control, and use of corporate systems & tools that facilitate analysis, consolidation and reporting of TTC's financial position.



In addition to the above, promote a respectful work and service environment that supports diversity, inclusion, and is free from harassment and discrimination. Provides leadership in the development and implementation of inclusive and accessible policies, programs and/or services for employees and customers in accordance with TTC's commitments and obligations under the Ontario Human Rights Code (OHRC) and Related Orders, the Accessibility for Ontarians with Disabilities Act (AODA), and TTC's policies.

What Qualifications Do You Bring?

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Post-secondary degree in Business Administration, Accounting, Finance, or a related discipline, combined with considerable experience performing duties related to the key objectives of the position, OR a combination of education, training and experience deemed to be equivalent A professional accounting designation is a requirement Extensive financial reporting, accounting, and auditing experience, applying the principles of financial accountability, and adopting best practices to ensure financial sustainability and transparency for external stakeholders in a major public or private sector organization Extensive experience overseeing accounting & financial policies, processes, procedures and various internal controls (manual, general IT controls and application controls), and the development of related best practices for a large complex organization Extensive experience overseeing capital asset accounting, asset management and financial management related to capital project delivery Extensive experience in the budgeting and accounting for accounting provisions, including but not limited to employee benefits, pensions, accident claims, asset retirement obligations, environmental liabilities and any other related liabilities in a major public or private sector organization Strong knowledge and experience with actuarial standards, valuations, terms, methods and assumptions for accident benefits, post-employment, post-retirement and pension benefits In-depth experience with relevant legislation and standards related to governance, accountability frameworks and principles, financial planning, budgeting, management reporting and controls, employee and labour relations and occupational health and safety, preferably in a large public sector organization Advanced knowledge of current accounting & auditing principles and practices as described in the CPA Handbook, the Public Sector Accounting Standards, and other official pronouncements Senior level experience gained through progressively more responsible positions in the key functional areas of this position and an in-depth understanding of the service and financial issues facing the TTC Proven ability to apply strategic, analytical and conceptual thinking skills and understand complex service, operating and policy issues, evaluation frameworks, program interrelationships and the potential results and outcomes of policy actions Superior communication and interpersonal skills with the ability to facilitate, negotiate, resolve conflict, problem solve and interact with all levels of the organization to forge effective relationships Sound judgement with the ability to handle matters of a confidential, proprietary or sensitive nature as they relate to the TTC Board and senior staff Ability to manage competing priorities and demands in a rapidly changing environment
Experience implementing and leveraging major technology platforms and tools to enable business and process transformation
Proficient in Microsoft Office and other computerized applications and advanced functions related to budgeting, accounting, costing and cost control Demonstrated work experience with SAP is preferred

What Skills Do You Bring?

-----------------------------


Use office technology, software and applications
Apply accounting principles and practices
Apply analytical skills
Demonstrate specialized expertise and knowledge in the assigned field
Understand and apply relevant laws and regulations
Plan and organize activities / projects to meet section and organizational goals
Create and deliver presentations in various formats
Demonstrate appropriate and effective interpersonal communications through various media
Manage human resources

What We Offer

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Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve. A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.

Commitment to EDI

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The TTC is committed to upholding the values of equity, diversity, anti-racism, and inclusion in the delivery of its services and in its workplaces. The TTC is committed to fostering a diverse workforce that is representative of the communities it serves at all levels of the organization and supports an inclusive environment where diverse employee and community perspectives and experiences bring value to the organization. The TTC encourages applications from all applicants, including members of groups with historical and/or current barriers to equity, including but not limited to, Indigenous, Black, and racialized groups, people with disabilities, women, and people from the LGBTQIA+ community. The TTC values and supports an inclusive and barrier-free recruitment and selection process. Accommodations for applicants are available upon request throughout the recruitment and selection process, including for those who identify as having a disability. Please contact Talent Management at (416) 393-4570. Any information received related to an accommodation will be addressed confidentially.
The TTC's policy prohibits relatives of current TTC employees from being hired, assigned, transferred or promoted into positions, where there is a conflict of interest due to a relationship. Should you be selected for an interview, you will be required to disclose the name, relationship and position of any relative who is a current TTC employee.

We thank all applicants for their interest but advise only those selected for an interview will be contacted.