Accountant

Accountant

Permanent Appointment

Regina Head Office

Job Summary

:
Manages the corporate budget with WCB management for approval by the Budget Committee and the Board. Assists with monthly financial and cost variance reporting. Responsible for the Annuity program including manual principal and interest calculations, payouts, communicating with clients and client representatives and maintaining subsidiary ledger. Reconciles all WCB’s bank accounts, maintains Self Insurer Deposit Account, prepares GST and PST returns, maintains and reconciles General Ledger and subsidiary ledger accounts. Calculates and prepares journal entries to record amortization, payroll and monthly accruals. Adheres to International Financial Reporting Standards (IFRS) thereby ensuring the Board’s financial records are current and accurate and that internal controls, processes and procedures are being adhered t

o.
Duties & Responsibiliti

es:
Budget Funct

1. ion:Schedules and coordinates the delivery of the WCB annual budget including projections and forecasts, along with reports for presentation and approval by the Budget Committee and the Bo
2. ard.Develops budget guidelines and payroll schedules for the managerial budget proc
3. ess.Communicates both orally and in written form the process, requirements and expectations to the budget own
4. ers.Designs and upgrades the budget systems used by WCB to meet the needs of the Board and Executive ensuring that the system meets all required controls and reporting functi
5. ons.Enters and updates budget data into the accounting system, ensuring information and documentation is complete and accur
6. ate.Consults with Board officials and department staff dealing with direct costs and administration expenses for the establishment of the annual budget and foreca
7. sts.Reconciles positions from the current and future year budgets to Human Resources’ (HR) reco
8. rds.Provides required training to all the budget preparers and users to ensure accurate budgets are prepared. Assists the departments in the budget process and projecting costs for budget report

ing.
Annuity Func

1. tion:Responds to inquiries from clients, lawyers, client representatives, workers’ advocates, WCB employees and financial advisors regarding annuity entitlement, payout procedures, Board requirements and clarification on Board policies and procedures regarding annui
2. ties.Maintains the Annuity system and balances that system with the General Le
3. dger.Ensures the annuity program operates in accordance with Board policy. Updates Board policy to reflect the changes in the annuity pro
4. gram.Inputs and adjusts information relating to annuities in the system. This includes establishing and canceling annuities, applying annuities against overpayment balances, payouts and write-
5. offs.Issues cheques and accompanying letters for annuity payouts. Ensures the proper authorizations (internal and external) are obtained and incl
6. uded.Coordinates the mailing of annual annuity statements and responds to inquiries from clients, client representatives, etc. regarding those statements. Analyzes accounts and prepares appropriate adjustments for year-end balan

cing.
Accounting Fun

1. ction:Completes bank reconciliations for all WCB bank accounts on a timely basis to ensure control procedures satisfy Audit Committee and external Auditors. Maintains the outstanding cheque registers for all WCB bank accounts. Follows up on errors or discrepancies to ensure they are corr
2. ected.Contributes to the preparation and forecasting of the annual financial position on a monthly basis and in the preparation of the monthly financial statements including balance sheet, statement of operations and administration expense sch
3. edule.Assists in the preparation of the monthly budget variance reports, summaries and various ad hoc reports. This includes reviewing, investigating and analyzing cost variances (direct, capital and administrative costs), and following up with management when n
4. eeded.Calculates and prepares journal entries to record monthly and yearly amortization and payroll accruals. Enters calculated data into O
5. racle.At year-end, assists with preparation of journal entries (adjusting and closing), provides information to the external auditors, and completes the year-end sche
6. dules.Maintains Self Insurer Deposit Account, prepares summaries to be mailed with cost statements, records and posts costs and payments to General Ledger. Ensures payments are deposited correctly in an expedient m
7. anner.Prepares PST and GST remittances and statements. Calculates amounts and ensures payments or refunds are issued properly and on a timely basis. Completes the necessary journal entries and ensures PST and GST balances with the General Ledger. Assists WCB employees in the interpretation of PST and GST related issues and provides judgment or clarification on internal i
8. ssues.Reconciles accounts receivable, miscellaneous accounts payable and prepaid expense accounts and ensures they are balanced to the proper General Ledger accounts. Follows up with other staff to ensure errors are corrected and prepares and inputs any necessary correcting journal en
9. tries.Identifies and reconciles errors in payroll suspense account. Informs appropriate individuals and provides assistance to ensure errors are corrected in an accurate and timely m
10. anner.Assists with the accounting functions for the investment portfolio. Prepares investment entries and reconciles the investments with reports provided by investment managers and custodians. Prepares investment schedules for the year-end audit and financial statements. Completes the required reporting for the financial statements (notes and schedules). Ensures the Board’s investments are in accordance with the Board’s Statement of Investment Policies and Goals (SIP&G) and reports on a monthly
11. basis.Calculates transfer of U.S. funds to replenish U.S. bank account. Obtains U.S. exchange rate and properly allocates to the various exp
12. enses.Maintain knowledge of the system to ensure the proper allocation of costs and following through on cheques issue
13. d etc.Approves Disaster Reserve transfers for qualifying claims. Responds to general inquiries from employers and staff, explaining cost relief provided, how it is determined and ap
14. plied.Ensures procedures are in place to detect the cause of errors in the General Ledger. Reviews internal control processes and procedures to ensure proper controls are in place and being adher

ed to.
Qualific

ations:
Post-secondary degree in Business Administration/Commerce and an accounting designatio

n (CPA).
Over four years’ experience in accounting/finance demonstrating the f

• ollowing:Knowledge of accounting principles and procedures, and a working knowledge of internal control practices and pr
• ocedures.Knowledge and experience with financial planning and budgeting and for
• ecasting.Ability to reconcile various banking statements and
• accounts.Advanced skills and experience in MS Offi
• ce Excel.Good written and oral communicatio
• n skills.Ability to learn new concepts and tasks quickly, work under pressure and meet d
• eadlines.Ability to make decisions and work independently with minimum sup
• ervision.Knowledge of the Oracle Financial system would be
• an asset.Knowledge of IFRS is

an asset.
App

lications:It is the responsibility of the applicant to ensure that the application is received through the online application system prior to close. Each application must include a cover letter explaining how each qualification is met and an updat

ed resume.The Saskatchewan Workers' Compensation Board is committed to achieving a representative workforce. Members of designated groups (women, aboriginal people, people with disabilities and visible minorities) are encouraged

to apply.
Application will remain open u