Supervisor of Financial Accounting and Audit

JOB DESCRIPTION
The Corporation of the City of Orillia has an opening for the full-time position of Supervisor of Financial Accounting and Audit in the Financial Services Division of the Corporate Services Department.
DUTIES
- Oversee and supervise accounts receivable and payable, ensuring accurate, timely processing, proper authorization, adherence to internal controls, and release of payments, safeguarding the City’s financial resources.
- Assess and improve financial policies, systems and processes for efficiency, effectiveness, internal controls, and regulatory compliance such as GAAP, PSAB, and Municipal Act. Identify business requirements for policy and processes improvements, financial system enhancements, and operational optimizations, including facilitating electronic transactions, reconciliations, workflow, etc.
- Ensure timely and accurate month-end close processes, including journal entries, bank reconciliations, HST reporting, PCard submissions, and other financial transactions. This includes handling complex allocations, accruals, and adjustments, while conducting thorough analysis and review to ensure accuracy, compliance, and integrity of financial reporting.
- Assist with administration of investments and debt management by providing accurate cash flow projections for accounts payable and receivable.
- Provide essential support in audit preparation and financial statement development by overseeing year-end close processes and reconciliation, preparing routine audit working papers, preliminary draft financial statements and analysis. Liaison with auditors on information requests, control testing, queries, and audit related inquiries.
- Prepare legislative financial reports, such as the Financial Information Return, Statement of Council Remuneration, individual payments for T4A issuance, and tax receipt.
- Develop and deliver financial training to City staff and local boards on financial policies, procedures, internal controls, software applications and regulatory compliance.
- Collaborate with internal and external stakeholders (government agencies, consultants, auditors, members of public, etc.) to ensure the efficient flow of financial information and seamless financial operations.
- Hire, train and evaluate staff performance, providing ongoing mentorship to ensure efficient and compliant operations, while ensuring adherence to applicable union agreements.
- Oversee and maintain financial systems integrity, including general ledger oversight, subledger reconciliation, fixed assets, and banking for the City and local boards as well as manage and maintain the corporate chart of accounts to balance accurate and consistent financial reporting aligned with operational needs.
- Liaison with IT services to translate financial needs into technological solutions, streamlining and automating processes. Participate in project teams to specify, design, configure and implement enhanced or new financial applications, evaluating the results in test environments to validate desired results.
- Assist in developing the annual workplan and initiatives.
QUALIFICATIONS
- A four year University Degree in accounting or a University Degree in a related discipline with completion of CPA Preparatory Courses.
- Minimum of five years of experience in accounting/finance, preferably in a municipal setting with two years of supervisory experience.
- Strong knowledge of accounting principles, internal controls, and financial reporting standards.
- Proven leadership skills with the ability to coach and develop staff.
- Strong analytical and problem-solving abilities, with the capacity to manage multiple competing priorities under tight deadlines.
- Excellent communication, organizational, and interpersonal skills, with a high level of professionalism, integrity and confidentiality.
- Project management skills, including planning, analysis, research, and time management.
- Ability to work independently and collaboratively while exercising good judgment, and initiative.
- Proficiency in financial, accounting and office systems; experience with Great Plains, CaseWare, and MS office preferred. Familiarity with integrated systems such as PCard, Questica, and ActiveNet.
- Must possess a valid class ‘G’ Ontario driver’s license and access to a reliable vehicle.
- An acceptable Criminal Record Check is required for this position at the incumbent’s expense, prior to the commencement date of employment.
Compensation for this position is $73,438 to $85,912 for a 35-hour work week, plus a comprehensive benefits package. Interested applicants are invited to apply by February 17th, 2025, at noon.
Applications will only be accepted by applying online at https://careers.orillia.ca/
We thank all applicants that apply and advise that only those to be interviewed will be contacted. The City of Orillia is committed to an inclusive, barrier-free environment. Accommodation will be provided in all steps of the hiring process. Please advise the City of Orillia Human Resources Department if you require any accommodations to ensure you can participate fully and equally during the recruitment and selection process. In accordance with the Municipal Freedom of Information and Protection and Privacy Act, personal information is collected under the authority of the Municipal Act 2001, S.O. 2001, c. 25, and will be used for the purpose of candidate selection. Questions about this collection should be directed to the Freedom of Information Coordinator, 50 Andrew St. S., Suite 300, Orillia ON L3V 7T5 or call 705-325-1311.