Revenue Accountant

Toronto Parking Authority; Toronto; On-site; CAD 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Revenue Accountant to join their Finance Team. This role is crucial for ensuring the accuracy of parking transaction revenue and bank transactions through rigorous auditing and analysis. You will be responsible for validating revenue, investigating variances, and maintaining compliance with internal controls. The ideal candidate will possess strong analytical skills, a keen attention to detail, and experience with accounting principles and practices. Join a collaborative environment where your contributions will drive impactful results and influence change across the organization.

Qualifications

• 3+ years of accounting and audit experience required.
• Post-secondary education in Business Administration or Accounting preferred.

Responsibilities

• Audit daily revenue integrations and investigate variances.
• Perform accounting duties including revenue reconciliations and journal entries.
• Prepare monthly revenue reporting and support audits.

Skills

Critical thinking skills

Analytical skills

Problem-solving skills

Attention to detail

Interpersonal skills

Communication skills

Organizational skills

Education

Post-secondary education in Business Administration or Accounting

CPA in-progress

Tools

SAP S/4HANA

MS Office

Excel (advanced)

Job description

POSITION PURPOSE:

Reporting to the Manager, Revenue Accounting, the Revenue Accountant is integral to TPA’s success as a key player within the Finance Team. Working closely with the Revenue Team, the Revenue Accountant is responsible for the validation of revenue, including completeness of revenue interfaces, the performance of revenue control testing and investigation of variances to ensure parking transaction revenue and bank transactions reported are complete and accurate. Through the impactful auditing process, this role will be able to provide insight through data, drive results and influence change across the organization.

MAJOR RESPONSIBILITES:

Audit daily revenue integrations, assessing reasonability of interface control account balances and investigate variance including [40%]:

1. Testing accuracy and completeness of general ledger interface accounts, including use of three-way matching and other application controls for high volume transaction data.
2. Investigating any variances to establish root cause to prevent further errors.
3. Investigating technical issues relating to ERP Revenue and Payment Interfaces with IT, SAP external consultants and internal TPA stakeholders.
4. Maintain documentation to support audit work plan.
5. Identify and resolve issues on revenue interface, including working with various internal and external stakeholders to ensure issues are escalated and resolved in a timely manner.
6. Ensure revenue reporting procedures and processes are maintained in compliance with internal control requirements to manage risk.

Perform accounting duties such as reviewing, analyzing and reconciling general ledger accounts [40%]:

1. Perform revenue and payment reconciliations with high transaction volume.
2. Perform detailed analysis on major variances.
3. Analyze financial information to verify validity of transactions processed in SAP.
4. Prepare and post journal entries in SAP.

Reporting and System Integration [20%]:

1. Prepare monthly revenue and transaction volume reporting, support development of future revenue metrics reporting.
2. Lead specific revenue sections of annual external audit and internal audit projects.
3. Support system updates, new interfaces, new parking equipment and change management testing as required.
4. Back-up for administrative tasks for other finance positions when required.

QUALIFICATIONS, EDUCATION AND EXPERIENCE:

1. Post-secondary education in Business Administration, Accounting or related field or the approved equivalent combination of education and extensive experience related to accounting and audit.
2. CPA in-progress preferred.
3. 3+ years of accounting and audit experience.
4. Advanced MS Office user, with a particular emphasis on advanced Excel skills (look-up functions, complex logical statements, charts, pivot tables, etc.).
5. Experience working with SAP S/4HANA preferred.

SKILLS:

1. Critical thinking skills.
2. Excellent analytical, investigative, and problem-solving skills, with good understanding of accounting principles and practices.
3. High level of curiosity and investigative mind-set with an attention to detail and accuracy.
4. Team player with excellent organizational, evaluation and interpersonal skills.
5. Communicates effectively, presenting information and ideas in a clear, convincing, and organized manner.
6. Ability to work independently and able to set priorities, plan and execute tasks.
7. Committed to professional development and continuous learning.