Director of Finance and Accounting

Permanent, Full Time
Salary: TBD
Anticipated Start Date: TBD

Responsible for maintaining financial, accounting, administrative and personnel services in order to meet legislative requirements and support the business operations.

Skills required for this position include:

Financial Accounting and Reporting

  • Developing and maintaining timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP)
  • Developing, implementing, and ensuring compliance with internal financial and accounting policies and procedures
  • Preparing all supporting information for the annual audit and liaise with the Audit Committee and the external auditors as necessary
  • Maintaining the computerized accounting system, reconciling bank and investment accounts, and monitoring cash reserves and investment.
  • Reviewing monthly results and implementing monthly variance reporting
  • Establishing and managing cash control, managing the cash flow and preparing cash flow forecasts in accordance with policy
  • Developing and implementing policies and procedures to ensure that personal and financial information is secure and stored in compliance with current legislation
  • Managing the acquisition of capital assets and ensuring that assets are properly recorded, amortized, and disposed of as appropriate
  • Assisting the President and Vice President with financial reporting as required for the meetings and the Annual Meetings

Budget & Reporting:

  • Deciding and allocating the budget for each department in consultation with President
  • Providing ongoing support and analysis to improve accounting systems, processes, and reporting
  • Performing various account analysis, identifying and posting any required adjusting journal entries
  • Preparing 90 day Cash-Flow projections, monitoring budgets and recommending any corrective actions to achieve targets.
  • Preparing the management reports(Bi-weekly, monthly, quarterly and yearly)
    • Budget & Actual variance analysis (monthly)
    • Cash forecast (monthly)
    • P & L (monthly)
    • Ratio (monthly) (profitability, efficiency, solvency, and liquidity)
    • AR & AP (Bi-weekly)
    • Line of Credit (Bi-weekly)
    • Scorecard (monthly)
  • Anticipating, recommending, seeking approval, and implement ing necessary steps for effective tax planning.
  • Establishing guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the President, Vice President and Leadership Team
  • Maintaining financial records for each Campus in a manner that facilitates management reports
  • Providing accurate and timely reporting on the financial activity of individual Campus

Risk Management

  • Monitoring risk management policies and procedures to ensure that campuses and organizational risks are minimized
  • Advising the leadership on appropriate insurance coverage for the organization and the Board of Directors
  • Maximizing income where possible and appropriate
  • Negotiating with Bank for lines of credit or other financial services as required and appropriate

Administering the Payroll

  • Setting up employee files
  • Verifying and coding timesheets and hours worked
  • Calculating employee salaries, deductions and contributions
  • Calculating commission for Sales staff or agent
  • Calculating source and miscellaneous deductions and Process pay cheques
  • Verifying annual leave records with HR and updating leave and lieu time
  • Preparing, reviewing, and filing of payroll summaries, journals, and reports
  • Issuing Records of Employment

Government Filings

  • Filing WSIB monthly
  • Filing HST Quarterly / annually
  • Filing EHT annually
  • Filing corporation Tax
  • Preparing and issuing T4 and T4A slips

General

  • Processing purchase orders
  • Posting JR, closed packages and creating sales invoices in system
  • Implementing financial policies and procedures
  • Managing storage and security of documents & records
  • Maintaining insurance coverage
  • Closely monitoring  OSAP Approval, A/P, A/

Education Requirements:
CA or 3rd Level CGA experience of using Navision or similar accounting system, minimum three years experience in handling finance and accounts

Experience:
Minimum of 2 years in an accounting role, private education industry experience is an asset

To inquire, please contact hr@sunviewcollege.com.