Reconciliation Officer

Government of Nunavut; Iqaluit; On-site; CAD 70,000 - 90,000; Full time

Job summary

A governmental body in Canada is seeking a Reconciliation Officer to manage bank reconciliations for fifteen accounts processing over $750 million annually. The role involves validating financial information, preventing fraud, and ensuring public funds' safety. Candidates require a degree in Business or a related field along with two years of relevant experience. Fluency in Nunavut's official languages is considered an asset.

Qualifications

• Completion of a Degree in Business, Accounting, Finance or a related field.
• Two years related work experience in accounting or financial positions.
• Fluency in more than one of Nunavut’s official languages is beneficial.

Responsibilities

• Reconcile fifteen government bank accounts processing over $750 million annually.
• Review and validate bank accounts managed by other departments.
• Conduct monthly reviews to identify discrepancies and safeguard public funds.

Skills

Accounting skills

Analytical skills

Fluent in Inuktut, English, or French

Education

Degree in Business, Accounting, Finance or related field

Job description

Thank you for contacting the Government of Nunavut. Please do not send sensitive or personal information, including (but not limited to): social insurance numbers, birthdates, information of other people, or health information. Please only send a brief description of your issue or concern and how we can contact you. We will make sure the correct person contacts you if they need more information or if they can answer your question or concern.

This employment opportunity is restricted to Government of Nunavut employees only.

Reporting to the Manager of Financial Controls, the Reconciliation Officer operates within a high-volume, complex financial environment where the incumbent is responsible for reconciling fifteen government bank accounts that collectively process hundreds of thousands of transactions exceeding $750 million annually. In addition to preparing these reconciliations, the officer reviews and validates thirty-five bank accounts managed by other departments, reconciles payroll liability accounts, and ensures the accuracy of thirty-five general ledger accounts each month.

This position plays a critical role in detecting and preventing fraud and errors by maintaining accounting processes and internal. The Officer also contributes to broader financial governance by assisting with the maintenance of the Chart of Accounts, responding to requests from the Office of the Auditor General, preparing GST remittances and rebates, calculating consolidated deposit interest, and managing payroll invoice requests for various Crown corporations.

This role exists to safeguard public funds, ensure financial transparency, and enhance the operational efficiency of the Government of Nunavut by delivering accurate and timely financial reconciliations and reporting.

Bank reconciliations often reveal discrepancies that require further investigation. By conducting thorough monthly reviews, the Officer helps safeguard public funds by identifying errors originating from either the bank or the GN. This contributes to stronger internal controls and ensures that account balances accurately reflect the GN’s financial position, enabling governing bodies to make informed decisions. The Officer collaborates with financial staff across all government departments and agencies to ensure timely collection and verification of financial information.

The Officer maintains a database of account users while coordinating the training and terms of use. The Officer is also responsible for troubleshooting technical problems with web-based banking, receiving and verifying the bi-weekly payroll deposit file for accuracy and completeness, reviews daily electronic funds-transfers (EFT), processes account transfers, wire transfers in multiple currency, and generating remittances to organizations such as Canada Revenue Agency and preparing and bi-weekly invoice requests to Crown Agencies for compensation & benefits expenditures.

The knowledge, skills, and abilities required for this job are usually acquired through completion of a Degree in Business, Accounting, Finance or a related field from a recognized post-secondary institution, plus two (2) years related work experience in accounting and / or financial positions.

The Official Languages of Nunavut are Inuktut, English and French. Applicants may submit their resume in any of the official languages of Nunavut. Fluency in more than one of Nunavut’s official languages would be considered an asset. Knowledge of Inuit communities, culture, land, Inuit Qaujimajatuqangit, Inuktut and experience working in a northern cross-cultural environment are also considered assets.

Acceptable combinations of education and experience may be considered for this position. We encourage you to apply if you have equivalent years of education and/or experience equal to the education and experience requirements listed above. An eligibility list may be created to fill future vacancies.

• The Government of Nunavut is committed to creating a representative workforce; therefore, priority will be given to Nunavut Inuit who self-identify as being enrolled under the Nunavut Agreement in accordance with the Priority Hiring Policy.
• Government of Nunavut employees serving a probationary period must obtain and provide written authorization from the deputy head of their employing department. The authorization from the deputy head must accompany your application for your application to be considered.
• Possession of a criminal record may not disqualify candidates from being considered. An assessment of the criminal record will be measured against the scope and duties of the position. This is only a requirement for positions that require a satisfactory criminal record or vulnerable sector check.
• Applicants may submit their resume in any of the Official Languages of Nunavut.
• Only those candidates selected for an interview will be contacted.
• The onus is on candidates in receipt of foreign post-secondary education credentials to have their foreign credentials assessed through a recognized Canadian education institution. Failure to do so may result in the rejection of their application.