Senior Financial Analyst, Payments (12 months term role)

12 months temporary opportunity

Metrolinx is connecting communities across the Greater Golden Horseshoe. Metrolinx operates GO Transit and UP Express, as well as the PRESTO fare payment system. We are also building new and improved rapid transit, including GO Expansion, Light Rail Transit routes, and major expansions to Toronto’s subway system, to get people where they need to go, better, faster and easier. Metrolinx is an agency of the Government of Ontario.

At Metrolinx, equity, diversity and inclusion are essential to living our values of serving with passion, thinking forward and playing as a team.

PRESTO is an electronic transit fare payment system in the Greater Toronto, Hamilton and Ottawa areas that eliminates the need for tickets, passes and cash. PRESTO serves more than 5 million customers across 11 transit agencies and processes over $2.5 billion in fares through 67 million boardings per month (pre-pandemic). Today, PRESTO offers one of the most globally advanced fare payment systems in the world having delivered new ways to pay for customers, including real time PRESTO Contactless with credit and Interac debit and PRESTO in Mobile Wallet across its transit agency clients, including the Toronto Transit Commission (TTC). Enhancing the customer experience through continuous improvement while working with our transit agency clients to support their needs, and maintaining a system that performs exceptionally, continue to drive PRESTO toward making transit better for all.

Our Payments (PRESTO) Finance Operations Department is looking to hire a Senior Financial Analyst, that will provide financially informed analytical support to assigned projects and initiatives; understands the financial and accounting impact of business processes (e.g. audit, legal, and reporting requirements) to evaluate current and future business activities; and deliver timely and accurate accounting and operational excellence. This position will support the Reconciliation and Exceptions team in a variety of tasks, including general ledger account reconciliation, exception transaction analysis and settlement, month-end/year-end closing activities, and ad-hoc financial analysis.

What will I be doing?

• Conduct, participate in, and oversee daily/weekly/monthly financial reconciliation and reporting processes, and perform various financial analyses in support of the business operations
• Participate in month-end activities including General Ledger account reconciliation and journal entries preparation
• Conduct or participate in complex and comprehensive financial investigations including exception transaction analysis and settlement
• Create and apply reporting templates, financial models and automated processes to meet legal and corporate standards, including meeting deadlines
• Provide subject matter expertise to support finance operational decisions, including accounting entries, or development of business proposals and business cases as it affects the financial system and operating processes
• Proactively identify incidents/problems and raise them in the appropriate channels to ensure they are resolved, and the necessary steps are taken to prevent them from reoccurring
• As a senior professional, guide and mentor other financial professionals on the team; establishing policies and procedures for analysis and reporting and reviewing their work, as required
• Develop positive relationships to support the transit agencies and the Payments (PRESTO) Finance Operations team with accurate settlement and reconciliation and timely response to inquiries
• Recommend process and control improvements (e.g. automating technology or accounting practices) and provide clear standards of practice, protocols, and direction for internal and external partners
• Work closely with auditors and others, to maintain financial integrity of the business and increase understanding of financial applications, controls, and standards

Coordinate the annual audit of controls (CSAE 3416 Type II Report), conducted by an external auditor, by collecting and reviewing evidence of controls; monitor the effectiveness of controls throughout the year and propose new control

What Skills and Qualifications Do I Need?

• University degree in Accounting, Finance, Math or Commerce or related discipline
• Designation as a Chartered Professional Accountant (CPA) would be considered an asset
• Demonstrated years’ experience as a financial analyst, primarily within a financial environment following Canadian GAAP principles, investigating variances, performing reconciliations in a high volume and complex transaction environment, completing month-end related activities and working with auditors would be an asset
• Advanced proficiency in MS Excel, MS Word and MS PowerPoint and strong working knowledge of other computer programs and MS Office software (e.g. SQL, Access, Visio)
• Strong attention to detail, time management, organizational and analytical skills; ability to coordinate a number complex projects under pressure to meet schedule and deadline commitments.

Superior interpersonal, oral and written/presentation communication skills

Don’t Meet Every Requirement?

If you’re excited about working with Metrolinx but your past experience doesn’t quite align with every qualification of this posting, we encourage you to apply. You just might be the right candidate for this or other roles. We are always looking for great talent to join our team.

We invite all interested individuals to apply and encourage applications from members of equity-deserving communities, including those who identify as Indigenous, Black, racialized, women, people with disabilities, and people with diverse gender identities, expressions and sexual orientations.

Accommodation:
Metrolinx is an equal opportunity employer and committed to a diverse and inclusive workforce. We are also committed to offering reasonable accommodation to job applicants in accordance with applicable legislation. If you require assistance or an accommodation at any point during the hiring process, please contact us at: 416-202-5601 or email [email protected].

Application Process:

All applicants must be legally entitled to work in Canada. Metrolinx will be using email to communicate with you for all job competitions. It is your responsibility to include an updated email address that is checked daily and accepts emails from unknown users. As we send time-sensitive correspondence, we recommend that you check your email regularly. If no response is received, we will assume you are no longer interested in pursuing the opportunity. Please be advised that a Criminal Record Check may be required of the successful candidate.

Should it be determined that any background information provided is misleading, inaccurate or incorrect, Metrolinx reserves the right to discontinue with the consideration of your application.

We thank all applicants for their interest, however, only those selected for further consideration will be contacted.

WE ARE AN EQUITABLE AND INCLUSIVE EMPLOYER.

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