Financial Analyst
DATE: January 8, 2025
LOCATION: Toronto, ON – Finance
COMPENSATION: $68,650 - $82,123 annually prorated
CONTRACT DURATION: 6 months contract and possible to extend
To help fulfill its mission, LOFT is hiring a Full-time Contract Financial Analyst.
Job Summary
Under the direction of the Finance Manager, the Financial Analyst is an integral role to ensuring the continuing financial stability of the Corporation. Solid analytical skills are needed in order to allocate, reconcile and analyse grants and related expenses. Excellent interpersonal skills are required to communicate with various program and finance staff to obtain information and provide support for decision-making purposes. Independent thinking and time management skills are required to take ownership of tasks and complete them by fixed deadlines.
What You Will Do
- Reconcile various accounts on a monthly basis. For instance, rental income, deposit information, grant income, account receivable, donations, etc.
- Prepare journal entries for monthly program deposits and journal entries as a result of the assigned reconciliation. If necessary, other actions may be necessary (i.e. contact a partner agency about an outstanding invoice not paid.)
- Prepare recurring journal entries
- Open mail with second designated person. Create and prepare deposits that are received at the main office for deposit at the bank. Prepare the journal entry for the deposit.
- Create invoices based on Memorandums of Understanding with various partner agencies. Submit the invoices to the agency via email and create appropriate journal entry to ensure revenues are recorded.
- Assists the Finance Manager by investigating variance (looking up invoices, journal entries or maintain a tracking list of specific funding)
- Assist the Finance Manager in the preparation of any changes that need to occur such as uploading changes to the operating budget or journalizing correction that have been identified.
- Assist the Finance Manager in the completion of government reports (annual, semi-annual, quarterly, monthly) as required by our various grantors are met
- Prepares year-end reports and detailed working paper schedules for external audit purposes.
- Inputs corporate budget into the accounting system; ensures integrity of the budget data.
- Assist in the preparation of various reports that will be used in the annual insurance submission to secure liability and property insurance;
Performs other related tasks and responsibilities as assigned from time to time by the Finance Manager. - In addition, there may be tasks assigned to them to help build their analytical skills and strengthen their accounting knowledge.
Must Haves
- Completion of a post-secondary degree or diploma in commerce, finance or business administration
- Must be comfortable in working within a computerized network environment
- Proficient in using spreadsheet and word-processing applications; particularly MSOffice Applications
- Knowledge of basic budgeting and forecasting is required
- Excellent reconciliation skills required
- Excellent analytical skills required
- Excellent written and oral communication skills required
- Excellent Time Management Skills – Deadline oriented
- Must enjoy diversity and working within a changing environment
- Interested in working within a non-profit social services environment
- Knowledge of Great Plains Dynamics and FRX software applications an asset
Work Environment:
- Combination of walking and sitting for a long period of time. Ability to use office equipment and computers.
- Must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
- Ability to work at a desk, conference table or in meetings of various configurations.
What We Offer
- E-learning program available all year round
- Starting vacation time above minimum standard,
- Additional paid personal and paid sick days
- Professional development budget available to help you nurture and shape your career
- Corporate Gym membership rate with GoodLife Fitness
- Access to Perkopolis, a comprehensive corporate discount program
- Access to unlimited DEI trainings through partnership Canadian Centre for Diversity and Inclusion
Our Commitment to Diversity and Inclusion
LOFT Community Services is a values-driven organization with a deep belief that each person has the ability to grow and change. We value compassion, collaboration, and community delivered with dignity, innovation, and excellence. LOFT’s vision is that together, we can all live successfully in our community. Our client population reflects Ontario’s diverse community and it is LOFT’s goal to build a workforce who also reflects that diversity. LOFT believes there are many ways to develop skills and build experience and expertise. So even if you don’t “tick all the boxes” but think you’d thrive in this role, you are encouraged to apply.
Note: A satisfactory vulnerable sector check (VSC) is also required.
CLOSING DATE: January 22, 2025
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LOFT Community Services is committed to fostering an inclusive and accessible environment and dedicated to building a workforce that reflects the diversity of the community in which we live and serve. LOFT is committed to making employment opportunities accessible in accordance with the Accessibility for Ontarians with Disabilities Act, 2005. Requested accommodation will be provided in all parts of the application and hiring process by contacting hrteam@loftcs.org or (416) 979-1994.