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About the Role

The Senior Accounting Specialist performs complex analyses and interpretation of confidential data relating to benefits budgeting and forecasting. This role involves preparing financial statements, reports, and filings for benefit plans, and providing auditable data for the University's annual financial statements. The incumbent will also be involved in special ad-hoc projects for the Financial Services Department.

Responsibilities

Preparation of the Annual and Long-Range benefits budget submission
Presenting recommendations and forecasts to various influential stakeholders within the University
Preparation of various benefit reports and working with existing models and/or developing new models to perform various analysis and evaluate change assumptions
Monitoring monthly financial position of benefit plans
Monitoring any new information on changes to the cost of legislative benefits
Coordinating with actuaries for periodic valuation of benefit plans for various internal requirements
Preparing working papers and reconciliations relating to benefits for external auditors
Assisting other areas in Financial Services upon request and participates in Special Projects
Account reconciliation, identifying and resolving financial discrepancies, recording accounting entries, and verifying the accuracy and completeness of information on HRIS/FIS.

Requirements

University degree and a professional accounting designation from a recognized professional accounting program (i.e. CGA, CMA, CPA, CA) or an equivalent combination of education and experience.
Minimum 3 years experience accounting for benefits and/or pensions in higher education or large public sector organization.
Experience with preparing financial statements, including preparation of reconciliation and analysing large amounts of financial data.
Thorough knowledge of generally accepted accounting principles, especially as related to pension and benefits accounting.
Demonstrated related experience with U of T's Administrative Management System (e.g. FIS), or equivalent systems.
Experience maintaining and organizing administrative and financial records.
Solid understanding of accounting for benefits and/or pensions.
Proficient with Microsoft Office (Excel, Word, SharePoint, Teams and Outlook).
Demonstrated high level of organization and attention to detail and ability to maintain accuracy under pressure of deadlines.
Demonstrated ability to exercise tact, good judgment and diplomacy.
Knowledge of the University’s financial procedures and guidelines, or other similar procedures.

Skills

Excel
Word
SharePoint
Teams
Outlook
Financial analysis
Budgeting
Forecasting
Account reconciliation
Data analysis
Financial reporting
Problem solving
Attention to detail
Organization
Communication

Location

St. George (Downtown Toronto)

Work Type

70% on-site
Full-Time

Experience Level

Minimum 3 years experience

Education Level

University degree
Professional accounting designation (CGA, CMA, CPA, CA)

Salary/Compensations

$106,705 - $124,491 (Hiring Zone)
$106,705 - $177,843 (Broadband Salary Range)

Benefits

Pension and benefit plan administration
Employee future benefits

About the Company

Financial Services is a department within the Chief Financial Officer portfolio at the University of Toronto.
The University's decentralized management model places financial management responsibility within every division of the University as well as within Financial Services.
The academic goals and objectives of the University are supported through excellent financial management and effective and appropriate use of all financial resources.
The Receivables & General Accounting Office is responsible for policies, procedures and processes for both student and trade receivables and general accounting; oversight and supervision of the University’s student and student financial systems; administration and accounting for the University’s pension and benefit plans; preparation of schedules for the University’s annual financial statements; and special ad-hoc projects.