General Accountabilities: Administer and control accounting records, file, and prepare documents and reports for verification and audit purposes.

Prepare month end journal entries for prepaid expenses, accruals, deferred revenue etc.

Perform sub-ledger account reconciliations, control procedures and calculations related to customer/vendor accounts and financial statements according to established practices and procedures to ensure accuracy and completeness of source data and results.

Resolve discrepancies and make necessary corrections.

Keep supervisor informed of all major problems.

Review purchase orders including vendor invoices and account distributions.

Utilize various computerized accounting systems for financial reporting and work with lines of businesses to identify and resolve discrepancies.

Prepare customer invoices, investigate and resolve any discrepancies with lines of businesses and apply applicable taxes based on tax jurisdictions.

Process and follow-up on payable transactions and material receipts with the appropriate parties to obtain approval and to ensure accurate and timely payments.

Monitor for non-payment and follow up and correct errors in account distributions.

Follow up on credits and purchase order discrepancies.

Review weekly accounts receivable aging report and follow-up with customers to collect outstanding accounts receivable.

Perform credit checks with third parties for potential new customers using credit applications forwarded by sales agents.

Perform credit checks on existing customers and vendors, as requested.

Establish and maintain filing systems in accordance with records management policies.

Perform other duties as required.

Selection Criteria: Essential Knowledge:



Requires knowledge of accounting principles and computer technology to prepare statistical and financial reports, journal transfers and account reconciliations related to financial statements.

Requires a knowledge of tax coding and tax jurisdiction policies to prepare customer invoices and pay vendors.

Requires knowledge of computerized accounting and reporting systems such as SAP, CRM 365, Salesforce and Service

Now to extract various data for the compilation of various statistical/financial reports.

Requires a knowledge of English to communicate effectively with suppliers, requisitioners and customers.

This knowledge is considered to be normally acquired in either Grade XII in a secondary school plus up to one year further concentrated study in accounting or the equivalent.

Enrollment in a recognized accounting program (CPA) would be a definite asset.

Strong organizational, time management and prioritizing skills to ensure productivity and quality of the output.

Must be independent and self-motivated with the ability to be resourceful and work effectively in a team workplace.

Essential Experience: Requires experience with accounting practices and procedures in the preparation of accounting reconciliations, statements, journal entries, invoices, and standard forms.

Requires experience with the various software applications for the compilation of data for input and retrieval including posting transactions to the information tracking system such as SAP, CRM 365, Salesforce and Service

Now.

Requires an understanding of the interrelationships of the organization.

Requires experience in the department to be familiar with the methods of processing the various documents and business practices and procedures.

📌 Financial Services Administrator (Toronto)
🏢 Hydro One
📍 Toronto