Job Description
Full job description
The Senior Financial Accountant is a professional whose responsibilities focus on the preparation of monthly, quarterly and annual financial statements. These responsibilities are carried out to provide senior management and the Audit and Finance Committee the assurance regarding the quality of the information that underlies the WSIB’s consolidated, subsidiary and WSIB pension plan financial statements.
The incumbent also participates/leads corporate projects/initiatives with impacts on financial reporting or financial systems to provide specialized expert advice and recommendations to management and internal clients to ensure financial reporting requirements are met.
Manage internal and external client relationships; processes and services; establish and maintain effective communication with key internal and external stakeholders (such as WSIB business areas, external auditors and consultants, investment providers)
Major Duties & Responsibilities
1) Prepare comprehensive financial statements and notes and variance analysis within prescribed deadlines so that all financial transactions are accurately recorded in the WSIB’s financial system prior to the release to internal and external stakeholders reports. This includes:
preparation and validation of financial statements and notes for review by Senior Management
preparation of journal entries and reconciliations.
preparation of support information and explanations for consolidated financial reports, subsidiary reports for management review.
preparation of variance analyses and explanation of financial results
liaising with external auditors and other external parties through the preparation of supporting schedules and explaining the process and results
providing direction to less experienced WSIB staff
maintaining and enhancing accounting and financial reporting support system
defining and communicating accounting and financial reporting requirements, testing, plan/timetables, establishing check points, monitoring and communicating results/progress to management
2) Participate in high-profile Board-WSIB wide projects or initiatives with financial accounting or financial systems impacts to provide expert advice and consultation to staff and management on the processes and procedures required for accounting of the Branch's financial transactions, financial reporting and financial systems to facilitate accomplishing financial reporting and control objectives. This includes:
participate/lead and/or manage accounting/system projects
identification of issues, evaluate options in a methodical way and work with impacted areas to achieve objectives
provide ongoing input and recommendations on requirements implement approved decisions
3) Review proposed external accounting policies such as International Financial Reporting Standards (IFRS), the WSI Act and WSIB objectives and legislative requirement changes and their impact on current WSIB accounting policies and work with Manager(s)and Manager Accounting Policy to recommend changes to senior management and develop and implement processes and procedures to capture approved requirements. This includes:
issue identification though continuous education
Collaborate with impacted parties to gain understanding of issue and impacts and propose solution
develop and implement procedures including system requirements for implementation by staff to ensure IFRS standards are being correctly applied.
work collaboratively with all teams within Corporate Controllership Branch, other WSIB areas of WSIB to implement policies and procedures
4) Maintain WSIB financial reporting systems to ensure that they conform to legislative and management requirements and other WSIB system changes. This includes:
table updates, system testing, changes in the presentation format and verification of systems integration. Plan and implement the testing of financial reporting systems as required for legislative changes, changes to sub ledger and system upgrades by liaising with members of the implementation team such as IT and the relevant business areas.
evaluation of the proposed changes to ensure that data integrity and financial controls are maintained and that changes are implemented in a manner consistent with WSIB policy and procedures
leading branch’s testing program in liaison with the Financial Management Systems area and IT
5) Perform other duties as assigned or required.
Job Requirements
Education:
University completion at undergraduate level with a professional accounting designation (CPA, CA, CGA, CMA).
Experience:
Four years prior experience in financial accounting/analysis with relevant International Financial Reporting Standards (IFRS) experience.
Our commitment to equity, diversity and inclusion
We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated.
We value and celebrate diversity and are committed to creating inclusive experiences for both our employees and prospective employees. We invite all interested individuals to apply. If you require accommodations in order to apply to this position please contact [email protected]. If you are invited to participate in the interview or assessment process, you can advise our Recruiter of your accommodation needs at that time.
Please visit our EDI Vision to learn more about what actions WSIB are taking to advance our commitment to equity, diversity and inclusion and to support all employees participating and contributing to their full potential
Disclosing conflicts of interest
As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. A conflict of interest is any situation where your private interests may impair or be perceived to impair the decisions you make in your official capacity. This may include: political activity, directorship, other outside employment and certain personal relationships (e.g. with current WSIB employees, customers and/or stakeholders). If you have any questions about conflict of interest obligations and/or how to make a disclosure, please contact the Talent Acquisition Centre at [email protected].
Privacy information
We collect personal information from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1++7. The Talent Acquisition Centre and WSIB hiring parties will used this information to assess/validate your qualifications, determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. If you have questions or concerns regarding the collection and use of your personal information, please contact the WSIB’s Privacy Office at [email protected]. The Privacy Office cannot provide information about the status of your application.
As a precondition of employment, the WSIB requires that prospective candidates undergo a criminal records name check any time before or after they are hired.
To apply for this position, please submit your application by the closing date.
The Senior Financial Accountant is a professional whose responsibilities focus on the preparation of monthly, quarterly and annual financial statements. These responsibilities are carried out to provide senior management and the Audit and Finance Committee the assurance regarding the quality of the information that underlies the WSIB’s consolidated, subsidiary and WSIB pension plan financial statements.
The incumbent also participates/leads corporate projects/initiatives with impacts on financial reporting or financial systems to provide specialized expert advice and recommendations to management and internal clients to ensure financial reporting requirements are met.
Manage internal and external client relationships; processes and services; establish and maintain effective communication with key internal and external stakeholders (such as WSIB business areas, external auditors and consultants, investment providers)
Major Duties & Responsibilities
1) Prepare comprehensive financial statements and notes and variance analysis within prescribed deadlines so that all financial transactions are accurately recorded in the WSIB’s financial system prior to the release to internal and external stakeholders reports. This includes:
preparation and validation of financial statements and notes for review by Senior Management
preparation of journal entries and reconciliations.
preparation of support information and explanations for consolidated financial reports, subsidiary reports for management review.
preparation of variance analyses and explanation of financial results
liaising with external auditors and other external parties through the preparation of supporting schedules and explaining the process and results
providing direction to less experienced WSIB staff
maintaining and enhancing accounting and financial reporting support system
defining and communicating accounting and financial reporting requirements, testing, plan/timetables, establishing check points, monitoring and communicating results/progress to management
2) Participate in high-profile Board-WSIB wide projects or initiatives with financial accounting or financial systems impacts to provide expert advice and consultation to staff and management on the processes and procedures required for accounting of the Branch's financial transactions, financial reporting and financial systems to facilitate accomplishing financial reporting and control objectives. This includes:
participate/lead and/or manage accounting/system projects
identification of issues, evaluate options in a methodical way and work with impacted areas to achieve objectives
provide ongoing input and recommendations on requirements implement approved decisions
3) Review proposed external accounting policies such as International Financial Reporting Standards (IFRS), the WSI Act and WSIB objectives and legislative requirement changes and their impact on current WSIB accounting policies and work with Manager(s)and Manager Accounting Policy to recommend changes to senior management and develop and implement processes and procedures to capture approved requirements. This includes:
issue identification though continuous education
Collaborate with impacted parties to gain understanding of issue and impacts and propose solution
develop and implement procedures including system requirements for implementation by staff to ensure IFRS standards are being correctly applied.
work collaboratively with all teams within Corporate Controllership Branch, other WSIB areas of WSIB to implement policies and procedures
4) Maintain WSIB financial reporting systems to ensure that they conform to legislative and management requirements and other WSIB system changes. This includes:
table updates, system testing, changes in the presentation format and verification of systems integration. Plan and implement the testing of financial reporting systems as required for legislative changes, changes to sub ledger and system upgrades by liaising with members of the implementation team such as IT and the relevant business areas.
evaluation of the proposed changes to ensure that data integrity and financial controls are maintained and that changes are implemented in a manner consistent with WSIB policy and procedures
leading branch’s testing program in liaison with the Financial Management Systems area and IT
5) Perform other duties as assigned or required.
Job Requirements
Education:
University completion at undergraduate level with a professional accounting designation (CPA, CA, CGA, CMA).
Experience:
Four years prior experience in financial accounting/analysis with relevant International Financial Reporting Standards (IFRS) experience.
Our commitment to equity, diversity and inclusion
We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated.
We value and celebrate diversity and are committed to creating inclusive experiences for both our employees and prospective employees. We invite all interested individuals to apply. If you require accommodations in order to apply to this position please contact [email protected]. If you are invited to participate in the interview or assessment process, you can advise our Recruiter of your accommodation needs at that time.
Please visit our EDI Vision to learn more about what actions WSIB are taking to advance our commitment to equity, diversity and inclusion and to support all employees participating and contributing to their full potential
Disclosing conflicts of interest
As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. A conflict of interest is any situation where your private interests may impair or be perceived to impair the decisions you make in your official capacity. This may include: political activity, directorship, other outside employment and certain personal relationships (e.g. with current WSIB employees, customers and/or stakeholders). If you have any questions about conflict of interest obligations and/or how to make a disclosure, please contact the Talent Acquisition Centre at [email protected].
Privacy information
We collect personal information from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1++7. The Talent Acquisition Centre and WSIB hiring parties will used this information to assess/validate your qualifications, determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. If you have questions or concerns regarding the collection and use of your personal information, please contact the WSIB’s Privacy Office at [email protected]. The Privacy Office cannot provide information about the status of your application.
As a precondition of employment, the WSIB requires that prospective candidates undergo a criminal records name check any time before or after they are hired.
To apply for this position, please submit your application by the closing date.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Financial Accountant (Hybrid) position is now open for candidates interested in the Accountant Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
