Financial Analyst

Soul Foods Group; Toronto; On-site; CAD 65,000 - 90,000; Full time

Job summary

Soul Foods Group in Toronto, Ontario is seeking a Financial Analyst to ensure accuracy and integrity of financial records, support period-end close, reconcile bank statements, and collaborate with cross-functional teams.

The role emphasizes detailed analysis, reconciliation across multiple accounts, adherence to accounting standards, and contribution to audits and process improvements.

Qualifications

• Bachelor’s degree in Business, Accounting, or Finance.
• 2+ years of accounting/finance experience, preferably in a multi-entity environment.
• Experience with SAGE software is an asset.
• Strong working knowledge of accounting principles and controls.
• Advanced proficiency in Microsoft Excel.

Responsibilities

• Assist in month-end and year-end closing processes, including journal entries, accruals, and account analysis.
• Review and reconcile bank statements with internal records.
• Identify and resolve discrepancies in a timely manner.
• Perform and oversee daily bank reconciliations for multiple accounts to ensure accuracy.
• Reconcile general ledger accounts and clear outstanding items promptly.
• Communicate with banks regarding discrepancies or account issues.
• Utilize accounting software for reconciliation processes.
• Prepare and analyze balance sheet reconciliations.
• Assist in internal and external audits related to bank reconciliations.
• Ensure all accounts are reconciled in accordance with policies and standards.
• Investigate and resolve reconciling items promptly.
• Maintain accurate records of all reconciliations and adjustments.
• Identify and implement process improvements to enhance efficiency and accuracy.
• Collaborate with Loss Prevention on cash reconciliation issues.
• Provide support to team members on reconciliation tasks.
• Respond to inquiries and support other departments regarding bank transactions.
• Support automation initiatives to improve accuracy and timeliness.
• Complete ad-hoc financial analyses and participate in special projects.

Skills

Accounting

Finance

Data analysis

Excel

Teamwork

Attention to detail

Communication

Education

Bachelor’s degree in Business, Accounting, or Finance

Tools

SAGE

Job description

We are seeking a detail-oriented and analytical Financial Analyst with an understanding of accounting, period-end close, banking operations, and reconciliations. The ideal candidate will be responsible for ensuring the accuracy and integrity of financial transactions, assisting in period-end close, maintaining banking relationships, and performing daily, weekly, and monthly reconciliations across multiple accounts and systems.

The Financial Analyst is responsible for ensuring the accuracy and integrity of financial records, which includes but not limited to meticulously comparing and analyzing various statements and reports and performing thoughtful analysis of period-end results. This role involves identifying discrepancies, investigating and resolving variances, and ensuring timely and accurate reconciliation of accounts. The analyst plays a critical role in maintaining financial accuracy and compliance, aiding in the preparation of financial reports, and collaborating with various departments to ensure seamless financial operations.

Key Responsibilities

• Assist in month-end and year-end closing processes, including the preparation of accounting schedules, journal entries, accruals, and account analysis.
• Review and reconcile bank statements with internal financial records.
• Identify and resolve discrepancies in a timely manner.
• Perform and oversee daily bank reconciliations for multiple accounts to ensure accuracy and identify discrepancies.
• Reconcile general ledger accounts and resolve outstanding items in a timely manner.
• Communicate with banks regarding discrepancies or account issues.
• Utilize accounting software for reconciliation processes.
• Prepare and analyze balance sheet reconciliations.
• Assist in internal and external audits related to bank reconciliations.
• Ensure all accounts are reconciled in accordance with company policies and accounting standards.
• Investigate and resolve reconciling items promptly.
• Maintain accurate records of all reconciliations and adjustments.
• Identify and implement process improvements to enhance efficiency and accuracy.
• Collaborate with Loss Prevention team in identifying key issues pertaining to cash reconciliation.
• Provide support to team members on reconciliation tasks.
• Respond to inquiries and provide support to other departments regarding bank transactions and reconciliations.
• Support automation initiatives to enhance accuracy and improve timeliness.
• Complete ad-hoc financial analyses and participate in special projects as required.

Qualifications

• Bachelor’s degree in Business, Accounting, or Finance
• 2+ years of experience in accounting, finance, or analytical roles, preferably in a multi-entity environment
• Experience with SAGE software is an asset
• Demonstrated experience in accounting, financial reporting and data analysis
• Advanced proficiency in Microsoft Office, particularly Excel
• Ability to work in a team environment with people from diverse backgrounds
• Strong working knowledge of accounting principles and controls
• Highly organized, detail-oriented, and able to manage multiple priorities in a fast-paced environment
• Strong written and verbal communication skills, with the ability to clearly explain financial information to non-financial stakeholders
• Proactive, self-motivated, adaptable, and able to handle sensitive and confidential information with discretion