Accounting Specialist

Michael Garron Hospital; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A community healthcare provider in Toronto is seeking an Accounting Specialist to provide expertise in financial processes, including close procedures and financial reporting. The ideal candidate will have a university degree in Accounting or Finance, experience in healthcare, and strong analytical skills. Responsibilities include participating in financial close, preparing budgets, and assisting with audits. This role requires a proactive individual with excellent communication skills.

Qualifications

• Minimum 3-5 years of progressive experience, preferably in healthcare.
• Experience with financial data analysis and reporting.
• Ability to prioritize tasks effectively.

Responsibilities

• Participate in monthly, quarterly, and annual close processes.
• Prepare annual forecasts, budgets, and multi-year plans.
• Assist with the annual external audit.

Skills

Analytical skills

Communication skills

Excel proficiency

Interpersonal skills

Education

University degree in Accounting, Finance or Business

Working towards CPA designation

Tools

SAP

Cognos

Job description

Overview

The Accounting Specialist will work closely with the Finance Team, and provide accounting expertise and financial support to the organization and its decision-making processes. Assumes key responsibilities for the analysis of financial issues and supports the month-end, quarterly and yearly close process. The Accounting Specialist will work with Finance Business Partners, HR, Business Office, Decision Support, Clinical and Non-Clinical programs and ensure the accuracy and integrity of the financial data reported is reflective of the hospital’s current state of operations.

Primary Responsibilities

• Accounting
  • Participate in monthly, quarterly and annual close processes
  • Perform account analysis and reconciliations and posts adjustments / reclassifications as needed
  • Maintain and reconcile schedules for a variety of accounts and reconcile sub-ledger to general ledger account balances
  • Perform bank reconciliations and update daily bank balances
  • Post monthly, quarterly and year-end entries and accruals, prepayments
  • Verify cost allocations according to organizations procedures
  • Updating of financial reports critical to month-end close; Income Statement, Balance Sheet, Cashflow, Variance by portfolio
  • Assist with research and capital (NPCC, PCOP and other) requests
  • Assist with the annual external audit
• Financial Planning and Analysis
  • Participate in preparation of annual forecasts, budgets and multi-year plans
  • Assist in analyzing and interpreting monthly budget variances with actual results
  • Provide ongoing support to Directors/Managers of administrative support departments; including the preparation of operating budgets
  • Provide information to internal clients relating to statistics, both regular and ad-hoc basis
  • Contribute to process improvement by enhancing and developing analysis, models, reports and dashboards by leveraging reporting tools
• Other
  • Administrator for all SRM requests and Cost Centre hierarchy updates
  • Other ad-hoc duties as assigned by management

Experience

• Minimum five (3-5) years’ progressive experience preferably with hospital healthcare experience
• University degree in Accounting, Finance or Business
• Working towards CPA designation
• Experience analyzing financial data and preparing financial reports, statements and projections
• Experience with SAP, SRM, Cognos reporting tools is considered an asset
• Intermediate to advance excel skills, pivot tables, lookups, SUMIFs
• Ability to prioritize tasks and responsibilities
• Excellent analytical, problem solving abilities
• Strong interpersonal and communication skills (both written and verbal)
• Strong work ethic with a positive, can-do attitude and takes initiative
• All employees of Michael Garron Hospital (MGH), a division of Toronto East Health Network (TEHN) [formerly Toronto East General Hospital (TEGH)] agree to work within the legislated practices of the Occupational Health and Safety Act of Ontario.
• All employees of MGH are responsible to contribute to a transparent culture of patient and staff safety by adhering to and abiding by patient and staff safety policies and procedures set by MGH.
• All employees are accountable for protecting the psychological health and safety of themselves and their co-workers through adherence to MGH's policies and practices.