Analyst, Cash Reconciliation

Fairstone Bank•Toronto, ON

12d•Hybrid

About The Position

The Analyst, Cash Reconciliation is responsible for all aspects of the cash reconciliation process, including the Sub-Ledger to General Ledger (‘GL’) to Bank reconciliation and the resolution of open items. This involves producing balance sheet reconciliations and journal entries as needed. The role requires preparing monthly reconciliation packages detailing GL Balance, Bank Balance, and Open Items, and actively working on cash reconciliations. The analyst will analyze open items and their ageing to facilitate resolution, review results from the OneStream auto-match tool, and perform manual matching. A key part of the role is to ensure a high auto-matching rate and suggest improvements to the auto-match rules. The position involves cross-functional liaison with internal and external parties for resolving open items, preparing journal entries for review, and assisting with documentation of financial processes and procedures related to cash reconciliation. Daily activities include Positive Pay/Daily Pay Reject for cheques after necessary validations. Additional duties may be assigned.

Requirements

College diploma in Accountancy (DEP) or Attestation of Collegial Studies (AEC)
1-2 years of demonstrated reconciliation experience
Mandatory good working knowledge of accounting practices
Good knowledge of computer software such as MS Office (more specifically Excel)
Ability to handle considerable volume under tight deadlines
Effective time management skills and ability to multi task
Analytical with a high degree of attention to details
Teamwork and tactfulness
Ability to develop positive relationships with peers

Nice To Haves

Familiarity with reconciliation tool (OneStream experience, considered an asset)

Responsibilities

Responsible for all aspects of the cash reconciliation process including the Sub-Ledger to General Ledger (‘GL’) to Bank and the resolution of open items including producing balance sheet reconciliations and journal entries, as required.
Prepare the monthly reconciliation packages showing the GL Balance, Bank Balance and the Open Items.
Work on the Cash Reconciliations (Sub-Ledger to General Ledger to Bank).
Analyze the open items and their ageing with a view to resolving those.
Review results of OneStream auto-match, the current reconciliations tool, and perform manual matching thereafter.
Ensure that the auto matching is being performed at a high rate and suggest improvements to the auto match rules configured within the tool.
Liaison cross-functionally with internal and external parties regarding the resolution of the open items.
Prepare journal entries for review.
Assist in documentation related to financial processes/procedures around the cash reconciliation.
Perform daily activities like Positive Pay/Daily Pay Reject regarding the cheques which are fine to be paid by the bank after doing the required validations.
Additional duties, as assigned.

Benefits

Award-Winning Culture: We’re proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal’s Top Employers 2025 by Canada’s Top 100 Employers.
Work-Life Balance: Enjoy flexibility with our hybrid work model designed to support your lifestyle.
Time to Recharge: Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being.
Compensation Package: Competitive base salary plus an annual incentive bonus tied to performance.
Comprehensive Benefits: Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue.
Future-Ready Savings: Group Retirement Savings Plan with up to 7% employer match.
Exclusive Perks: Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share.
On-Site Fitness: Gym access at our London and Montreal offices.
Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development.
Family Support: Parental leave top-up program to help you during life’s big moments.
Community Impact: One paid volunteer day to give back to causes that matter to you.