Business Services Accountant

Date Posted: 03/18/2025
Req ID: 41868
Faculty/Division: Faculty of Arts and Science
Department: New College
Campus: St. George (Downtown Toronto)

Description:

About us:

The Faculty of Arts & Science is the heart of Canada’s leading university and one of the most comprehensive and diverse academic divisions in the world. The strength of Arts & Science derives from our combined teaching and research excellence in the humanities, sciences and social sciences across 29 departments, seven colleges and 46 interdisciplinary centres, institutes and programs.

We can only realize our mission with the dedication and excellence of engaged staff and faculty. The diversity of opportunities and perspectives within the Faculty reflect the local and global landscape and the need for curiosity, innovative thinking and collaboration. At Arts & Science, we take pride in our legacy of innovation and discovery that has changed the way we think about the world.

Opened in 1962, New College has a long-standing commitment to social justice, and to supporting its diverse body of 6000+ undergraduate students to excel intellectually and to engage in the wider community. New College supports two interdisciplinary undergraduate programs - Buddhist Mental Health and Psychology, and Critical Studies in Equity and Solidarity - and houses three departments (African Studies, CaribbeanStudies and Women and Gender Studies). New College prioritizes personal attention to students, innovative interdisciplinary programs, links with professional faculties, career mentorship, and community outreach initiatives. The College has built a rich learning community for students including academic support, amenities for studying and social interaction, and opportunities for co-curricular and community engagement. The College offers a spirited and challenging environment for students to have the opportunity to broaden their experience, create life plans, and meet others from different fields. New College is a friendly, welcoming and informal community that places a high priority on student support services and encourages diversity. For more information on New College, see http://www.newcollege.utoronto.ca.


Your opportunity:

Under the general direction of the Financial Officer, the incumbent is part of a collaborative team in the Business Services office. With a specific focus on financial processing, financial management, and financial analysis, the incumbent supports the College's very diverse group of clients, including those in academic program areas, the administration and numerous support services, those engaged in intrapreneurial efforts, as well as the College's residence ancillary services.

Your responsibilities will include:

• Forecasting and planning financial activities incorporating budgets with multiple sources of revenue and/or recoveries
• Preparing financial summary reports and generating standard financial reports
• Identifying and analyzing data discrepancies and taking necessary actions to correct errors
• Processing payroll and reconciling payroll distribution
• Verifying that HRIS transactions are processed according to applicable policies, procedures, collective agreements, and applicable legislated requirements
• Applying the University Guide to Financial Management and other applicable policies, collective agreements, agency and regulatory requirements
• Verifying that provisions of applicable collective agreements and/or policies are applied appropriately
• Liaising with internal contacts to resolve accounting, payroll and/or HRIS processing issues

Essential Qualifications:

• Bachelor's Degree in a recognized accounting program and/or an acceptable combination of education and experience.
• Minimum three years of recent and related experience with financial management, including forecasting, managing, analyzing, and preparing complex budgets, preferably in post-secondary education or research-intensive institutions.
• Experience reporting, monitoring and reconciling financial activity and payroll distribution, including monthly payroll reconciliation, reconciliation of subordinate bank accounts, and reconciliation of financial transaction from multiple payment sources such as direct deposit, wire transfer, credit cards, and other payment methods.  
• Experience analyzing financial information, producing statistical reports and financial statements, including profit and loss statements to assess the financial performance of ancillary budgets. 
• Experience monitoring, managing, identifying discrepancies, and resolving variances for operating budgets, ancillary budgets, self-funded budgets and trust/research accounts.
• Experience with processing and reconciling financial and payroll transactions.
• Knowledge of the University’s financial procedures and guidelines, and other similar procedures. Strong understanding of CRA rules and requirements, including payroll rules and processes, tax regulations and the applicability of HST, etc. 
• Advanced skills working in FIS and HRIS, or similar administrative systems.
• Advanced skills in Microsoft Office (e.g. Word, Excel, PowerPoint, Outlook, Teams). Ability to utilize functions and pivot tables on Microsoft Excel to prepare financial and statistical reports. 
• Strong aptitude for numbers and analyses with high attention to accuracy and completeness.
• Sound judgement, excellent decision-making and problem-solving skills.
• Excellent and effective interpersonal, verbal and written communication skills.
• Excellent organizational, multi-tasking, planning, and time-management skills.
• Demonstrated strong client service orientation and commitment to fostering equity, diversity and inclusion in a professional environment.

Assets (Nonessential):

• Knowledge and experience with New College or the Faculty of Arts and Science.
• Knowledge and experience with University ancillary operations.
• Experience applying the University's Guide to Financial Management.

To be successful in this role you will be:

• Adaptable
• Diligent
• Diplomatic
• Efficient
• Resourceful
• Team player

This role is currently eligible for a hybrid work arrangement, pursuant to University policies and guidelines, including but not limited to the University of Toronto’s Alternative Work Arrangements Guideline.

Closing Date: 03/30/2025, 11:59PM ET
Employee Group: USW 
Appointment Type: Budget - Continuing 
Schedule: Full-Time
Pay Scale Group & Hiring Zone:  
USW Pay Band 11 -- $75,223. with an annual step progression to a maximum of $96,196. Pay scale and job class assignment is subject to determination pursuant to the Job Evaluation/Pay Equity Maintenance Protocol. 
Job Category: Finance/Budget/Planning/Audit

Lived Experience Statement
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience shall be taken into consideration as applicable to the posted position.