Bring your financial expertise and make a real impact in Ontario's health system!As a Financial Officer, you will play a crucial role in maintaining accurate financial records and ensuring smooth payment processes. If you have a strong background in finance, attention to detail, familiarity with accounting concepts and reconciliations, and excellent organizational skills, come join our team!
About the job
In this role, you will have the following responsibilities:
Payment Sub-Ledger Management: Keep the payment-related sub-ledger up-to-date by recording transactions promptly; Review and verify payment entries for accuracy; Investigate discrepancies and resolve any issues promptly.
Reconciliations: Perform regular bank reconciliations (and other reconciliations) to ensure that the ministry's records match bank statements; Identify and investigate discrepancies between internal records and bank statements; Follow up with the bank to resolve any discrepancies or errors; update financial records via journal entries when discrepancies are resolved.
Journal Entries: Prepare and post journal entries related to payments, adjustments, and other financial transactions; Ensure proper documentation and adherence to accounting principles; Collaborate with the accounting team to maintain accurate general ledger records.
Reporting and Analysis: Generate periodic reports related to payment activities; Analyze payment trends and identify areas for improvement; Provide insights to management regarding payment-related matters.
Process Improvement: Continuously assess existing processes and recommend improvements; Streamline payment workflows to enhance efficiency; Develop and maintain written operational procedures for all payment-related tasks.
Collaboration: Work closely with other departments (such as Accounts Payable, Accounts Receivable, and Treasury) to ensure seamless financial operations; Coordinate with external banks, IT support staff, and financial institutions as needed.
You can also expect to be involved in the following areas:
• provide financial analysis and systems monitoring/administration to support branch teams
• support financial policy development, financial controllership, consolidation and reporting activities
• draft and produce financial summaries and reports
• provide information, support and guidance to management and staff
• support financial control operations and integrity of data
• assist in the review, analysis and reconciliation of ministry bank accounts
• assist in examining, monitoring, controlling, analyzing, reconciling, forecasting and reporting irregularities and concerns
• participate on unit/branch project teams
• provide information and standard interpretations of financial control and reporting policies, procedures and practices, identifying opportunities for improvements
What you bring to the team
Finance and Accounting Knowledge
You have:
• knowledge of and can apply accounting principles/practices, financial analysis techniques and financial reporting processes.
• demonstrated ability to understand, interpret and apply financial directives, policies, procedures and processes related to financial controllership.
Analytical and Problem-Solving Skills
You have:
• analytical skills to conduct analyses and reconciliations and review reports.
• planning and organizational skills to set work priorities and meet deadlines in a high volume environment.
• the ability to apply reasoned judgement in identifying and resolving or recommending solutions.
• the ability to work accurately and pay close attention to details.
Interpersonal and Communication Skills
You have:
• oral and written communication skills to listen/receive and relay information effectively.
• interpersonal and relationship management skills to interact and engage in teamwork productively.
Technical Skills
• You have proven competency with computerized financial systems, Microsoft Excel and other common computer software applications.
Don't meet every qualification?
If you are excited about this position and meet most, but not all, of the listed qualifications, please still consider applying. We recognize that no one person might have every qualification in this job ad, and you just might be the right candidate!
How we support diversity, inclusion and accessibility
We are building an inclusive workforce that reflects the communities we serve. We encourage everyone interested in working with us to apply, including people with disabilities, Indigenous, Black and racialized individuals, as well as people from all ethnicities, cultures, sexual orientations, gender identities and gender expressions.
Our hiring process is accessible, consistent with Ontario's
Human Rights Code and the
Accessibility for Ontarians with Disabilities Act, 2005. We are working to prevent and remove barriers in our hiring processes and can offer
accommodation to address specific needs related to Code-protected grounds such as disability, family status and religion. For more information about accommodation during the hiring process please
contact us.Learn more about the work the OPS is doing to create an inclusive, anti-racist, accessible and diverse workplace: