Description

About the job

JOB INFORMATION

Requisition ID: 9143

Number of Vacancies: 1

Department: Finance (20000042) - Financial Statements (30000071)

Salary Information: $63,299.60 - $79.060.80

Pay Scale Group: 6SA

Employment Type: Temporary- Until December 31, 2026

Weekly Hours: 35, Off Days: Saturday & Sunday Shift: Day

Posted On: Marach 15, 2024

Last Day to Apply: March 26, 2026

Reports to: Assistant Manager - Financial Statements

General Accountability

Reporting to the Assistant Manager-Financial Statements, the Bank Reconciliation Analyst reconciles all bank accounts of the Toronto Transit Commission (TTC) and its related entities using manual and automated matching SAP routines and ensures that bank reconciliations are completed within established timeline.

Key Job Functions

• Reconciles all bank accounts of the (TTC) and its related entities, using manual and automated matching SAP routines;
• Ensures that bank reconciliations are completed within established timelines;
• Manipulates large volumes of transactions using advanced Excel features to match transactions and/or facilitates auto clearing by changing certain key transaction data elements and importing these transactions back into SAP;
• Monitor banking transactions for irregularities and to investigate and initiate the correction of errors through proactive follow-up with transaction owners;
• Analyze the causes for recurring reconciling errors, liaise with various departments to recommend effective solutions to prevent recurring errors or to improve auto clearing for a more efficient financial process;
• Respond in a timely manner to requests and queries from external auditors and internal staff related to area of responsibility;
• Assists with writing test cases and performing User Acceptance Testing (UAT) for any system changes impacting the bank reconciliation process;
• Demonstrates behaviours that support diversity, inclusion, and a respectful work and service environment that is free from discrimination and harassment. Helps to remove barriers and accommodate employees and customers (within their area of responsibility) 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.

Skills

Maintain documentation and historical records

Perform relevant mathematical calculations and statistical analyses

Communicate in a variety of mediums

Use office technology, software and applications

Create, document, and manage information and records

Apply analytical skills

Education and Experience

• Completion of post-secondary education including courses in accounting or combination of education, training and experience deemed to be equivalent, combined with a few years of similar or related work experience;
• Enrolment in the CPA program is an asset;
• Must have advanced proficiency in accounting principles and practices involving financial record keeping, journal entry preparation, account analysis and reconciliation;
• In depth knowledge of banking and credit card settlement, terminology and processes (i.e. stop payments, cancellations, stale-dated, positive pay, role of the credit card acquirer etc.);
• Must have experience directly related to performing multiple, complex, high volume, time-sensitive bank reconciliations in an ERP environment;
• Must have advanced proficiency in Microsoft Excel to efficiently sort, filter, convert, compare and/ or analyze using other advanced functions to manipulate large volumes of data in linked spreadsheets (v-lookup, concatenate formula, absolute value, sorting and pivot tables) including the ability to transfer, download, export/ import and manage data;
• Experience in a financial accounting role where process improvements were identified and resolved.
• Knowledge and experience with SAP – specifically the bank/cash accounting component of Financial Accounting is preferred.

Additional Requirements

• Knowledge of banking and credit card settlement, terminology and processes;
• Must be highly detail-oriented and have the capability to perform or review delegated repetitive tasks performed by other staff, with a high degree of accuracy and efficiency;
• Strong written, verbal and oral communication skills with ability to interact effectively with staff at all levels of the Commission, including external contacts;
• Proven research and reconciliation skills by exercising independent judgment to resolve accounts reconciliation related issues;
• Ability to work in an organization with a continuous improvement mind-set to reduce paper, perform more efficiently and eliminate risk;
• Effective time and stress management skills with experience in a fast paced environment managing tight deadlines and quick turnaround for multiple deliverables, demonstrating a “hands on” approach where necessary to enable the team to meet all of its objectives;

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.