Capital Asset Analyst *Temporary 6 Months Contract*

Job Posting Number:

2023-239

Position: 

Capital Asset Analyst

*Temporary 6 Months Contract*

Location:  

Mississauga (Derry)

(Hybrid: Remote/In-office)

Reports to:

Supervisor, Accounting

Business Unit:

Finance & Regulatory

Division:

Accounting

Hours per Week:

35

Rate of Pay:

As per the Collective Agreement

Number of Openings:

1

Union:

PWU

Open:

September 11, 2023

Close:

September 22, 2023

 Position Purpose:

Reporting to the Supervisor Accounting, this position is responsible for maintaining the fixed asset subledger and the capital accounts within the general ledger, financial and budget input, including preparing various budget scenarios for capital and corporate budgets, and preparation of financial reports. The incumbent is also responsible for providing assistance with audit activities and preparation of year-end working papers. Responsibilities also include annual assessment of new and existing policies and procedure. 

Key Responsibilities/Accountabilities:

• Assists with the production of financial statements by preparing financial reconciliation of various G/L accounts for balance sheet and income statement accounts. This includes management and reconciliation of the capital continuity schedule, fixed asset integrity reports, derecognition/disposals of assets and the resulting gains or losses and depreciation variance analysis.
• Maintains and reconciles fixed asset subledger to calculate depreciation in both IFRS and CGAAP Ledgers.  Responsible for calculating depreciation for budget inclusion based on forecasted capital budget.Monitor the accuracy of the fixed assets automated allocations, review and analyze current set up and recommend changes as required.
• Prepare journal entries in IFRS, MIFRS and OEB ledger and all other ledgers maintained by Accounting and Finance required for monthly, quarterly and annual financial statements.  Input to new ledgers as required resulting from new regulations. 
• Complete the monthly fixed asset derecognition process, including analysis of monthly fixed asset reports, follow up with other departments, preparing and completing derecognition entries and updating fixed asset counts in fixed asset subledger.
• Follow up with all responsible departments to obtain necessary information to record derecognition and disposals of fixed assets in the fixed asset module.
• Troubleshoot and investigate transactions not properly accounted for and recommend process changes to the Supervisor.
• Reviewing the accuracy of all customer invoicing, refunds, journal entries and work order close process.
• Preparation of assigned account reconciliations, including analysis and follow up of causes of variances.
• Annual assessment of polices and procedures related to fixed assets including: fixed asset useful life; de-recognition; asset tracking; asset componentization and capitalization process.
• Assist with review of general ledger account reconciliations.
• Conducts budget and financial research and prepares reports as required.  Prepares working audit papers and issue reports for interim and year-end audit and corresponds with auditors during preliminary and year-end audit processes.
• Support special projects by gathering data as required and by participating in projects to improve performance and processes of the organization.
• Acting as resource back up to staff during absences and as required.
• Other duties as assigned.
• Responsible for a working knowledge and understanding of and make all efforts reasonable to work in accordance with and ensuring work is done in compliance with the appropriate safety legislation, EUSR rules, Alectra policies and procedures and safe work practices that apply to the work while adhering to the internal responsibility system. Reports any unsafe conditions or observed unsafe work practices using Alectra procedures.

 Education & Specialized Knowledge

• Requires a minimum of a college/university degree in Business Administration or Accounting.
• Relevant post secondary Business Education and/or senior standing in CGA or CMA programs required
• Completion of a professional accounting designation or enrollment in the CPA program preferred.

Experience

• Requires a minimum of 5 years related experience 

Skills/Abilities/Competencies

• Requires advanced skills in the use of computer software programs for word processing and spreadsheet applications.
• Requires working knowledge of IFRS policies and procedures.
• Demonstrated ability to solve moderately complex problems.
• Demonstrated ability to lead meetings.
• Previous experience with fixed asset module in an ERP application, J.D. Edwards preferred.
• Good organizational skills with the ability to prioritize, meet deadlines and multitask in a fast paced environment Demonstrated written and verbal communication skills with coworkers and members of the public to achieve positive outcomes for the company.
• Requires basic knowledge of Occupational Health and Safety Act requirements as it relates to individual, organizational and operational requirements.