Financial Analyst

Toronto, ON, CA, Canada

Job Description

Who We Are



For more than 130 years, The Salvation Army has served people in need in communities across Canada and Bermuda. Building on our roots as a world-wide Christian church, each year we help more than 2 million people, providing necessities such as food, clothing and shelter. In addition, we support people experiencing unemployment, addiction and family challenges. We continually adapt and innovate to meet emerging needs and live out our mission, vision and values of hope, service, dignity and stewardship. As a faith- and values-based organization, we hire and serve people of all backgrounds and walks of life - there is a place for everyone to belong here.
Mission Statement



The Salvation Army exists to share the love of Jesus Christ, meet human needs and be a transforming influence in the communities of our world.
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Accountabilities:
General Ledger maintenance and validity and related financial and analytical functions:Manages monthly closing of the financial records and posting of month end information to ensure the accuracy of financial statements Masters the Salvation Army policies to ensure expenditure claims, accrual and journal entries are appropriate and accurate as well as revenue accounts are correctly coded Evaluates scenarios where internal policies are in conjunction with laws On a monthly basis, reviews unit financial statements for accuracy, and financial health (i.e. Cash flow, fund balances, budgetary performance, etc.) Develops new processes to promote efficiencies and improve internal controls Implements and maintains systems and policies to support new processes Advises and mentors financial accountants and partners regarding policy, tax law and accounting principles Prepares the monthly journal entries to record purchases and sales of investment portfolio assets, and any related gain or loss, based on the information supplied by the Investment Officer. Approves journal entries prepared by others. Performs significant account reconciliations ensuring that they are prepared on a timely basis and that appropriate clearing actions are taken Researches and reconciles discrepancies on the bank reconciliations Identifies errors and instructs the team of the required corrections Prepares various accruals / pre-paids and ensures transactions are reflected in the appropriate accounting period.

Oversight and maintenance with preparation of financial documents and reporting tools:Prepares annual audit schedule and financial statements in accordance with the requirements of the funding agreements. Prepares and or oversees preparation of client entities' annual Registered Charity Information Returns by staff. Ensures government filings are prepared in accordance with all applicable policies and guidelines. Critically reviews and analyzes monthly budget variance report and balance sheet accounts regularly and identifies all significant budget variances and ensures information is complete and accurate. Discusses budget variance analysis reports, forecasts and corrective action with partners. Acts as a member of the budget team, in preparing a first draft of ministry unit budgets, and collaborating on a final budget submission on behalf of ministry units and THQ/DHQ departments. Prepares multi-year forecasts on behalf of clients Maintains client entity registration for the taxes including timely filing of returns. Researches and/or prepares various analytical and financial reports. Completes various recurring and ad hoc reports requested by funders, other government departments, ministry unit leaders, and other finance team members.

Manage partnership with ministry units and external clients:Acts as the designated client contact and follows up with clients concerning outstanding issues related to financial statement and accounting processes Remains fluent with and understands Salvation Army policies to ensure accounting transactions are in line with policy and procedure. Initiates and maintains ongoing communications with clients, treating them with respect and courtesy at all times. Develops an understanding of client requirements, providing detailed solutions and explanations to queries.

CRITICAL RELATIONSHIP MANAGEMENT
Governance Boards and Councils: None
Internal:THQ, DHQ, Financial Accountants Associate Director of Finance, Director of Finance Ministry units

External:Government Bodies, vendors and agencies

MANAGERIAL/Technical Leadership RESPONSIBILITY:Reports directly to Associate Director of Finance.

FINANCIAL AND MATERIALS MANAGEMENT:Demonstrate work methods to new employees, and/or students. Demonstrate or explain work methods to clients. Authorized to spend, disburse or collect small amounts of cash. Handles large volume of very confidential financial and personal information. Uses and maintains own organizational assets (computer, phone) in accordance with guidelines.

WORKING CONDITIONS:Working environment is typically remote The job requires a frequent amount of keyboarding and sitting/standing for long periods of time.

The above responsibilities must be discharged in accordance with The Salvation Army's Mission Statement, in a professional manner, exemplifying Christian standards of conduct.
education and experience Qualifications:
Education, Qualifications and Certifications:
o Bachelor Degree in Finance/ Accounting stream.The FA must be enrolled in CPA program PEP.

Experience and Skilled Knowledge RequirementsThree years but less than five years of relevant experience (AP/AR/GL). Respect and understanding of The Salvation Army - its mission, culture, and values

Skills and Capabilities (examples provided below):Attention to detail, problem solving and analytical skills. Strong sense of integrity and confidentiality with professional ethics and a balanced sense of fairness and flexibility. High quality Excel spreadsheet skills for handling large volumes of data (function knowledge specific to VLookups and index/match, indirect, trims, left, right, mid, substitute, if statements [with or/and logic]) Excellent knowledge of Word Exceptional written and verbal communication skills. Able to assist and train individuals with limited financial background with a full understanding of reporting requirements Commitment to quality customer service Able to proactively recognize potential risks and issues, respond with solutions and engage others in implementing change Effective organizational and time management skills - self-motivated and disciplined self-starter

Compensation:
The target hiring range for this position is $55,693.49 to $69,616.86 with a maximum of $83,540.23.
Placement in the salary range will be based on factors such as market conditions, internal equity, and candidate experience, skills, and qualifications relevant to the role.
The Salvation Army will provide reasonable accommodation upon request. Please email Recruitment.Accommodations@salvationarmy.ca if you have a need for any accommodation and we will be pleased to discuss this with you.

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Job Detail

  • Job Id
    JD2467281
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Toronto, ON, CA, Canada
  • Education
    Not mentioned