Senior Financial Analyst

Senior Financial Analyst

Full Time, Hybrid, Downtown Toronto

Level 8

Covenant House helps youth ignite their potential and reclaim their lives. As Canada’s largest agency serving youth who are homeless, trafficked or at risk, we offer the widest range of services to hundreds of young people every day. More than a place to stay, we provide life-changing care with unconditional love and respect. We meet youth’s immediate needs and then we work together to achieve their future goals. We offer 24/7 crisis shelter transitional housing options on-site and, in the community, health and well-being support, training and skill development, and ongoing care once youth move into the community. For over 40 years, Covenant House has been dedicated to its mission of serving youth on the street and to protect and safeguard all youth with absolute respect and unconditional love. Since 1982, Covenant House has supported more than 100,000 young people.

Overview:

Reporting to the Associate Director of Finance, The Senior Financial Analyst (SFA) is responsible for the general ledger accounting for the organization including month end and year end closings and all relevant schedules. This position is also responsible for all bank reconciliations, including the review and posting of bank reconciliations done by junior staff. In addition, they are responsible for the posting of all related journal entries in the accounting systems. Other responsibilities include, but are not limited to: backing up account payable (A/P) function, reviewing completeness of accounting records (excluding payroll), supporting the coordination of software maintenance & updates for finance, and all government reporting including HST, T3010 etc.

Responsibilities:

Bank Reconciliation:

• Review monthly deposit summary and credit card summary prepared by the Accounting Clerk
• Reconcile payment, investment and revenue information with bank statement and input data into the Bank Services Module
• Follow up with bank for any discrepancies and make sure that there is sufficient supporting documentation
• Generate all related reports and journals
• Process stop payment which includes issuing stop payment on the bank online portal and complete related entries in accounting software and print related reports
• Review and post bank reconciliations done by the junior staff
• Act as a key contact person for bank inquiries
  
  

General Ledger (G/L):

• Review, edit and post journal entries created from the other modules such as accounts payable and bank services
• Make accrual, amortization, deferral, adjustment and reclassification entries based on analysis and reviews
• Perform analytical review of the monthly financial statements including determining reasonableness of revenues and expenses and obtain explanations for significant variations from budget
• Perform 3-way revenue reconciliation between Bank, Raiser’s Edge (donations module) and General Ledger
• Perform month-end general ledger closing, generate G/L reports, financial statements, departmental income/expense and other reports, as required
• Perform month end closing for other small funds
• Respond to various inquiries from managers/supervisors regarding their monthly department expense reports
• Prepare month end analysis schedules
• Perform G/L year end closing procedures for all funds
• Maintain and update chart of accounts for G/L
  
  

Projection & Budget and Other Reporting (Government & Donor):

• Coordinate and plan for annual Projection and Budget projects
• Update templates to cover special needs for each year
• Coordinate and support budget preparers in the completion of the worksheets
• Analyze returned worksheets and consolidate them in the organizational report
• Budget breakdown and coordinate upload in the accounting system
• Complete various T3010 reconciliation and compilations
• Perform various funder submissions
• Prepare and file periodic HST reporting and reconcile receivable/refund with G/L
  
  

Additional Responsibilities:

• Assist in internal and external audits
• Lead and coordinate accounting software maintenance and updates
• Review works performed by AP clerks
• Perform periodic reviews on A/P records (cheque register, A/P batch listings, A/P journals, cheque logs and cheque copy files) to ensure completeness and continuity
• Supervise the year-end filing of AP record storage
• Review monthly petty cash reconciliation and replenishment performed by the AP clerks
  
  

Qualifications And Experience

• Minimum Bachelors Degree in Accounting
• Pursuing professional accounting designation, close to completion if not completed
• 30 hours of Practical Experience (PE) component of CPA certification completed and 2-5 years of relevant work experience
• Knowledge in full cycle of accounting: AP, GL and Bank Reconciliation.
• Experience assisting with financial statement preparation and month end/year end closing
• Well established knowledge and ability to use the various software applications: Sage, Raiser’s Edge,
• Microsoft (Excel, Word, Access, PowerPoint, etc.)
• Has an aptitude for figures, detail oriented, and strong analytical skill
• Able to work in an environment with competing priorities and demanding deadlines
• Demonstrates problem-solving skills, is able to adapt to change and is a team player.
• Effective coaching skills and ability to review their own and others’ work with high level of accuracy and completeness
• Ability to work independently with minimum supervision
• Strong communication and customer service skills
  
  

Interested candidates should submit their cover letter and resume to this posting. Only those candidates selected for an interview will be contacted. No phone calls please.

At Covenant House Toronto we believe in a workplace culture of inclusion that is welcoming, respectful and safe for all staff. It is critical to Covenant House Toronto success to eliminate barriers and promote the inclusion of equity groups. Equity groups have been, and continue to be, underrepresented and marginalized in the workforce, leadership roles, and in some specific occupations. Equity groups include but may not be limited to Indigenous persons, racialized people, gender diverse people, 2SLGBTQIA+ people, and people with disabilities

In accordance with the Ontario Human Rights Code, Accessibility for Ontarians with Disabilities Act and Covenant House Policy on Accommodation, a request for accommodation will be accepted as part of the Covenant House recruitment process.

Please visit our careers page to see more job opportunities.