Financial Analyst, Accounts Receivable
About The Position
When you join Okanagan College, you’re joining a team that’s transforming lives and communities. Every course you create, every student you support and every connection you build, it all matters. Be a part of a vibrant campus community, where the work you do every day truly makes a difference. Under the limited direction of the Manager, Financial Services, the Accounts Receivable Analyst is responsible for providing exceptional customer service to the College community and external stakeholders with respect to analyzing and maintaining the College’s receivables. This includes, but is not limited to, invoicing, auditing cashiering sessions, processing transactions, analyzing and reconciling receivable accounts and various general ledger accounts or funds, initiating collection activities, applying payment and charges to accounts and maintaining records. Performs other related duties as required.
Requirements
- Completion of secondary school (Grade 12) or equivalent
- Graduation from a two year university or community college accounting program or equivalent
- Over 2 years and up to and including 4 years related experience
- In-depth knowledge of accounting theory, auditing procedures and internal controls
- Ability to apply principles of logical thinking to define and solve problems which may be of a sensitive nature
- Ability to exercise initiative, self-development, good judgment and critical thinking
- Proficiency in using Microsoft Office and Finance systems to generate and analyze reports and to resolve difficulties with computer input and retrieval
- Aptitude for learning and working with new systems and software
- Ability to monitor, recommend and take action on issues that may have considerable contractual, legal and operational implications
- Exceptional listening and professional communication skills with internal and external contacts, focused on tact and diplomacy
- Proven ability to work well under pressure; manage work volume and changing priorities and to meet organizational deadlines
- Works effectively both independently and as part of a team
- Ability to adapt and collaborate with others through organizational change and development
- Attention to detail and accuracy
Responsibilities
- Compiles, analyzes, evaluates and interprets financial data and information; identifies trends and anomalies, takes corrective action and/or makes recommendations for changes and improvements.
- Issues invoices, past due notices and monthly statements to students and customers.
- Responds to inquiries received from students, customers, employees and agencies as required.
- Reviews the aging reports, taking corrective action and recommending refunds as necessary.
- Reviews PST/GST compliance and takes any necessary corrective action.
- Initiates collection activities in coordination with the Accounts Receivable team and manager.
- Applies payments and charges to accounts.
- Processes student sponsorships.
- Prepares fund and account reconciliations and resolves all discrepancies.
- Processes payments from third party payment systems, prepares related reconciliations and month end adjustments.
- Processes returned cheques.
- Reviews and audits transactions in accordance with Okanagan College’s policies and procedures, provides recommendations and adjustments.
- Audits and processes cashiering sessions.
- Processes transactions from various departments.
- Processes student awards through the Financial Awards system interface.
- Provides support and guidance to cashiers and cash supervisors as required.
- Assists with preparation of internal management reports, provides recommendations and adjustments.
- Assists with the preparation of interim and year-end audit information including preparation of schedules and other supporting documentation.
- Maintains accounts receivable and accounting files.
- Provide back-up and support to other analysts in the Financial Services Department.
- Participates on assigned committees or projects to provide departmental input and support.
- Provide administrative and operational support to the Finance Management Team.
- Performs other related duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
