CPA ASSOCIATE Full-time Job

The City of Toronto is Canada’s largest municipality serving 2.9+ million residents & thousands of communities in Toronto. We have consistently been named one of Canada’s Top 100 Employers.

 

The City of Toronto offers a new and exciting opportunity for CPA Associate positions through our CPA Pre-Approved Program. Over a 30-month term, this City of Toronto rotational program will provide CPA Associates with the experience needed to qualify as a Chartered Professional Accountant. This experience will be gained through rotational assignments made available in Corporate Accounting, Internal Audit and Financial Planning and Analysis. The City of Toronto also provides CPA Associates with preparatory and training support, including study leave to assist in their preparation for CPA examinations.

 

Major Responsibilities:

CPA Associates at the City of Toronto will be part of the CPA Pre-Approved Program with practical experience rotations between two of the three following divisions:

 

Accounting Services Division

• Researches complex accounting issues, and evaluates, calculates, and recommends appropriate accounting treatment.
• Reviews new and/or revised Public Sector Accounting Standards (PSAS) and assesses the impact on City of Toronto accounting policies and on consolidated financial statements.
• Supports the development of City of Toronto corporate accounting policies, and updates policies for new standards to be adopted (as required).
• Prepares annual financial statements and reporting requirements, including the consolidation of relevant agencies, corporations and other consolidated entities.
• Prepares and analyzes relevant note disclosures and ratios for routine and non-routine financial statement elements and reporting.
• Assists in the preparation of ad hoc financial analysis, staff reports, and presentations for submission to City executives, Committees or Council.
• Assesses general ledger balances and transactions for compliance with PSAS.
• Assists the Supervisor or Manager with various tasks/operational requests and attends meetings where confidential financial information is discussed.

 

Internal Audit Division

• Assists and participates in the establishment of audit objectives, scope and criteria, report writing, the development of recommendations and the evaluation and presentation of audit results.
• Completes audit procedures (interviews, walkthroughs, testing, questionnaires, examining documents and reports, site visits, etc.) developed for each audit objective in accordance with the project plan.
• Performs and provides input to a wide range of financial and operational reviews at the City of Toronto to ensure the reliability of financial information, a strong internal control environment, and compliance with corporate policies and procedures.
• Supports planning, coordination and execution of audits for the organization’s major business and accounting processes to identify opportunities for improvement including cost savings and improvements to the efficiency/effectiveness of operations.
• Ensures internal controls are designed and maintained in accordance with City by-laws, policies, and best practices to ensure key risks are being managed.
• Provides content for detailed audit reports, executive summaries and presentations for all levels of management and presents results and recommendations to management in support of providing assurance that enterprise risks are being managed.

 

Financial Planning Division

• Assists in the implementation of corporate budget systems/ reporting tools that support strategic corporate and political decision-making.
• Assists in preparation of corporate and divisional financial planning and analysis for capital/operating budget estimates and submissions that align with council directives, corporate guidelines, and City service and operational needs based on the most cost-effective use of City resources.
• Monitors and evaluates in-year expenditure and revenue performance, reports on causes for variances and recommends mitigating strategies to clients and management.
• Supports the development of strategic approaches, analytical techniques, and fiscally sustainable solutions to meet the City’s fiscal challenges/opportunities, including cost containment, full cost recovery, and revenue maximization.
• Reviews and analyzes costs and revenues for both operating and capital budgets, including resources required to deliver identified services and appropriate business case analysis.
• Supports cash flow forecast validation to monitor and report on the City’s overall cash availability.
• Reviews budget impact on programs/agencies’ service delivery and performance measures and prepares finding summary that guides the City’s strategic objective discussions.

 

Key Qualifications:

1. Post-secondary undergraduate degree that meets the qualifications for enrollment into the CPA Professional Educational Program (PEP)
2. Admission to the CPA Professional Education Program (CPA PEP) and in good standing with CPA Ontario
3. Experience leading and participating in extracurricular activities
4. Experience handling multiple projects concurrently, meeting deadlines on time and working with diverse groups
5. Experience conducting research, data analysis, and summarizing findings
6. Excellent interpersonal, presentation, and communication skills to interact and communicate effectively with all levels of the organization
7. Ability to work effectively as a team member and work collaboratively with others
8. Proficient computer skills to use a variety of software packages (e.g. MS Office: Word, Excel, PowerPoint).
9. Excellent project management and organizational skills
10. Effective decision-making, conflict resolution and problem-solving skills with a results-oriented approach and strong customer service orientation
11. Post-secondary transcripts may need to be provided upon request

Toronto, the capital of the province of Ontario, is a major Canadian city along Lake Ontarios northwestern shore. It's a dynamic metropolis with a core of soaring skyscrapers, all dwarfed by the iconic, free-standing CN Tower. Toronto also has many green spaces, from the orderly oval of Queens Park to 400-acre High Park and its trails, sports facilities and zoo.