Financial Officer

The Alcohol and Gaming Commission of Ontario; Toronto; Hybrid; CAD 70,000 - 84,000; Full time

Job summary

The Alcohol and Gaming Commission of Ontario is seeking a Financial Officer to join the Finance and Risk Management Division. The successful candidate will excel in financial operations, compliance, and reporting, ensuring accuracy and adherence to accounting standards in a dynamic environment. This role offers the opportunity to drive process improvement and contribute to the agency's mission of regulating the alcohol, gaming, and related sectors.

Qualifications

• Minimum 3 years experience in accounting and financial reporting.
• Sound knowledge of accounting principles.
• Experience using government financial software.

Responsibilities

• Lead revenue recognition and reconciliation processes.
• Process invoices and maintain financial records.
• Prepare reports and analyses for management.

Skills

Analytical thinking

Attention to detail

Project management

Interpersonal skills

Customer service

Education

Post-secondary diploma in accounting or finance

Undergraduate degree in economics, business, statistics

Professional accounting designation (e.g., CPA)

Tools

Oracle Financials

Excel (advanced skills)

Job description

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Division / Branch

Finance and Risk Management Division / Financial Reporting and Controllership Branch

Position Title

Term

Permanent, Full-Time

Division / Branch

Finance and Risk Management Division / Financial Reporting and Controllership Branch

Application Deadline

Level 7

Pay Range

70,849 to $83,354

Work Location :

Head Office, Toronto, ON; Hybrid

The Alcohol and Gaming Commission of Ontario (AGCO) is a regulatory agency that reports to the Ministry of the Attorney General. The AGCO is responsible for regulating the alcohol, gaming, horseracing, and private cannabis retail sectors in Ontario, in accordance with the principles of honesty and integrity, and in the public interest.

Are you an analytical thinker who can navigate complex situations and drive process improvement, and do you have a passion for financial analysis and reporting? Do you thrive in a dynamic environment, are passionate about innovation and technology, and use your creativity and collaboration skills to make us more effective and efficient? If yes, come and work with the Financial Reporting and Controllership Branch!

We are seeking dynamic team players for the Financial Officer role within the Finance and Risk Management Division. In this role, you will be responsible for supporting the day-to-day financial operations, with a focus on revenue recognition, expense processing, accounts receivable, and internal controls. The role ensures the accurate and timely processing, reconciliation, and analysis of financial transactions in alignment with accounting standards, AGCO policies, and provincial directives. The successful candidate will provide subject matter expertise in financial systems and processes, support audit readiness and public reporting requirements, and contribute to the development and implementation of internal financial policies, procedures, and continuous improvement initiatives.

In this role, the successful candidate will, but not limited to :

• Lead the recognition of revenue within the appropriate financial system account by following the reconciliation process.
• Process a high volume of invoices, ensure compliance with AGCO’s Financial Delegation of Authority (FDOA), resolve discrepancies, assign accurate accounting codes, and reconcile invoices submitted to the central agency (EFS) to maintain accurate and compliant financial records.
• Prepare daily reconciliation of payments, resolving discrepancies and preparing journals for revenues in accordance with Public Sector Accounting Standards and applicable policies and directives.
• Prepare and execute various transactions and account reconciliations between financial system data and any other revenue information sources to ensure revenue is accurately recorded.
• Identify and resolve issues independently and implement controls and improvements to detect errors and issues in the future.
• Prepare and update reports and monitor trends related to revenue for monthly, quarterly, annual, and ad hoc reporting, management decision making, and issue management.
• Ensure compliance with relevant accounting standards and internal policies during the revenue management process.
• Investigate and resolve unique and complex issues related to expenditure items (e.g. withholding tax issues, financial system discrepancies, etc.) promptly by working with various internal and external stakeholders.
• Lead and participate in the month-end, quarter-end, and year-end activity processes for in-scope accounts, ensuring timely and accurate completion of accounting journal entries and various account reconciliations in line with the policies.
• Prepare reports, analyses, and commentary to provide management insights and decision making related to payments, travel claims, including diverted transactions, corrections outstanding, expenses on hold, etc.
• Provide controllership reviews and advice on items being processed : conformance with applicable rules, directives, policies, and procedures, directing items to the appropriate channel for processing and follow-up information.
• Prepare and manage forms for system access related to financial management, following access matrices and respecting principles of compatible / incompatible duties in the systems.
• Investigate issues with access forms and coordinate with various internal and external departments to resolve issues.
• Manage records in strict accordance with the established records schedules and policies.
• Review monthly Card reconciliations, Travel Card Diversion reports, for completeness and compliance with OPS and agency policies, and recommend approval to the manager.

The Ideal Candidate Will Have

• Hold a post-secondary diploma (minimum 3 years) in accounting or finance, or an undergraduate degree in economics, business, statistics, accounting, or finance.
• Minimum of 3 years of demonstrated accounting expertise in expense and financial management and reporting within the public or private sector.
• Sound knowledge of accounting principles (e.g., International Financial Reporting Standards and Public Sector Accounting Standards) and practices, and ability to apply them to the expense and revenue management recording and reporting gained through relevant experience and education.
• Minimum 3 years’ experience using government financial software (e.g., Oracle Financials – Integrated Financial Information System (IFIS)), or other financial management systems at an advanced level, including the proven ability to learn, master, and teach new software.
• Advanced Excel skills, including macros, string functions, IF logic, SUMIFS, VLOOKUPs, pivot tables, and Visual Basic, are required, along with a strong understanding of relational databases gained through relevant experience and education.
• Sound judgment and critical thinking with strong attention to detail.
• Proven ability to work effectively in a fast-paced and changing environment where long periods of concentration and accuracy are required.
• Strong project management and presentation skills to coordinate activities, produce / update training materials, and present documents to various stakeholders with varying levels of financial expertise.
• Excellent interpersonal, customer service, and consultation skills to develop effective relationships.
• Professional accounting designation (e.g., CPA) is preferred.
• The successful candidate must be eligible to work in Canada and will be subject to a criminal background check.

The AGCO is an inclusive and equal opportunity employer.

The AGCO has the responsibility to lead by example in advancing racial equity and to build a diverse, inclusive, accessible and respectful workplace where every employee has a voice and the opportunity to fully contribute. To this effect, you are encouraged to reflect upon the diversity you would bring to the role within your application including, but not limited to, individuals identifying with one or more of the under-represented groups identified within Ontario’s Human Rights Code.

Disability related accommodation during the recruitment process is available upon request.

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Government Administration

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