Financial Accountant

Aston Carter•Scarborough, ON

2d•CA$40 - CA$43•Onsite

About The Position

The Financial Accountant plays a crucial role in supporting full-cycle accounting processes, payroll administration, trust fund management, and financial reporting within a long-term care setting. This position ensures compliance with ministry regulations and supports budgeting and audit preparation, contributing to the financial integrity of the organization.

Requirements

Strong accounting background and acumen.
Experience in bi-weekly payroll processing.
Proficiency in payroll preparation and maintenance.
Accounts Payable support experience (bi-weekly cycle).
Petty cash management skills.
Accounts Receivable management experience.
ERP Systems proficiency.
Month-end close process knowledge.
General accounting skills.
Reconciliation expertise.
Advanced Excel skills, including pivot tables and H & V lookup.
Experience with ADP payroll systems.

Nice To Haves

Experience in financial accounting and reporting.
Skill in preparing journal entries and performing financial analysis.

Responsibilities

Process bi-weekly payroll accurately and on time, including reviewing and completing pay adjustments, retroactive payments, special payments, and exceptions.
Calculate payouts for involuntary terminations, including salary continuance payments; reconcile accrued severance GL account and prepare severance analysis.
Handle biweekly and monthly remittances to third parties, including government remittance, WSIB, health and dental benefits, group life and LTD benefits, union dues, pension plans, and garnishments.
Support year-end payroll processes, including T4 preparation and ROE issuance.
Complete all payroll and benefit accounting tasks, including journal entries, accruals, reconciliations, reporting, budgeting assistance, and payroll GL account analysis.
Maintain payroll documentation and ensure compliance with employment standards and collective agreements.
Respond to inquiries from staff, auditors, and external parties as appropriate.
Review, code, and process vendor invoices in accordance with internal policies and funding guidelines.
Monitor payment schedules and prepare payment runs for approval.
Maintain vendor records and support onboarding of new suppliers.
Assist in resolving discrepancies and responding to vendor inquiries.
Generate and issue invoices for resident care, services, and third-party billings.
Apply payments and reconcile accounts to the general ledger.
Monitor aging reports and follow up on outstanding balances.
Collaborate with care teams and administrative staff to resolve billing issues.
Ensure compliance with ministry billing requirements and funding structures.
Maintain accurate records of resident trust accounts in accordance with ministry regulations.
Process deposits, withdrawals, and purchases on behalf of residents.
Reconcile trust accounts monthly and prepare reports for internal and external review.
Ensure proper authorization and documentation for all trust-related transactions.
Prepare and post journal entries and maintain general ledger accuracy.
Perform monthly bank reconciliations and petty cash reconciliations.
Support month-end and year-end close processes with schedules and accruals.
Assist with financial reporting and variance analysis.