Program Accounting Analyst

Socket.dev; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

Socket.dev is seeking a Program Accounting Analyst to analyze project expenditures from activation to completion and ensure compliance with accounting principles. You will partner with multiple stakeholders to provide insights, support decision making, and maintain reconciliations across MIS and NetSuite.

The role requires formal education in finance or accounting, progression toward an accounting designation, and at least 5 years of related experience in financial accounting, data analysis, and

Qualifications

• Minimum 5 years of related experience in financial accounting, data analysis, financial reporting and compliance.
• Strong analytical skills and understanding of accounting concepts.
• Attention to detail and ability to perform tasks accurately and timely.
• Good customer service and professional communication in conflicts or discrepancies.
• Proficiency with Microsoft Excel, Word, Outlook, and PowerPoint.

Responsibilities

• Analyze and review incoming project expenditure claim requests for accuracy before payment is made.
• Review submitted budgets and ensure compliance with eligible expenses guidelines.
• Analyze program commitments and expenditures.
• Provide insights from pre-close and post-close analysis for trends and significant transactions.
• Ensure revenue is recognized in accordance with GAAP and expenses recorded and reconciled.
• Translate complex financial data into clear reports for stakeholders.
• Respond to project-related financial inquiries from internal and external contacts.
• Generate and analyze project-related reports to support decision making.
• Monitor workflows and balance workloads across the team.
• Identify improvements to financial and operational processes.
• Assist with audit binders and collaborate with cross-functional teams.

Job description

Your Impact

Reporting to the Manager, Program Accounting, the Program Accounting Analyst is accountable for analyzing project expenditures from activation to completion. This will include working with multiple stakeholders to analyze actuals, and provide meaningful insights, ensuring compliance with OCI’s use of funds policies. In addition, the Program Accounting Analyst will be responsible for other functions including account reconciliations, analysis, process improvements and regular interaction with internal and external stakeholders, providing intelligent information and data to support informed decision making

Your Contribution

• Analyze and review incoming project expenditure claim requests for accuracy before payment is made.
• Review submitted budgets and ensures compliance with eligible OCI expenses guidelines.
• Analyze program commitments and expenditures.
• Participate in pre-close and post-close analysis and provide meaningful insight to activity, trends, unusual and significant transactions
• Ensure revenue is recognized in accordance with GAAP; expenses (including accruals) are accurately recorded and complete; and reconciliations are properly prepared and supported
• Analyze complex financial data sets, translating them into clear and easy to understand reports for stakeholders.
• Respond to all project related financials inquiries from internal and external contacts.
• Generate and analyze project related reports to enhance decision making.
• Monitor process workflow and assist colleagues as needed to balance workload.
• Regularly analyze and review operational and financial processes to identify areas for improvement and efficiency.
• Assists the Manager, Program Accounting with the preparation of audit binders.
• Collaborate with various operational functions and provide backup support; assist with other projects and duties as required.
• Track and reconcile project actual expenditure reported in Management Information System (MIS) with NetSuite.
• Perform other related duties as assigned.

Your Attributes

• Minimum level of education required is formal post-secondary education in finance or accounting, preferably a University degree.
• Working towards an accounting designation.
• Minimum 5 years of related experience in financial accounting, data analysis, financial reporting and compliance.
• Excellent analytical skills and general understanding of accounting concepts.
• Strong attention to detail is a must with demonstrated ability to perform tasks accurately and in a timely manner.
• Strong customer service skills required with the ability to resolve discrepancies in a professional and respectful manner.
• Knowledge of NetSuite or similar ERP systems.
• Strong capabilities with Microsoft Office including excel, Word and Outlook and PowerPoint.
• Demonstrated team player with the ability to work collaboratively within functional team, and across departments.
• Ability to work independently to complete tasks within given deadlines.
• Occasional overtime as required with occasional events to attend outside of normal business hours.

Working Conditions

• Standard office hours.

This role is being recruited for a current opening.

OCI is committed to creating a diverse and equitable environment and is proud to be an equal opportunity employer. OCI welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.