Manager, Accounting

Department:

Facility Association

Location:

777 Bay Street, Toronto, ON

Status:

Full TIme

Posting Date:

2021-03-01T05:00:00Z

Expiry Date:

The Facility Association (the “Association”) is an unincorporated entity first established pursuant to the provisions of the Compulsory Automobile Insurance Act in Ontario. Its existence was subsequently recognized by each of the other provinces and jurisdictions in which it operates, these being Alberta, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Islands, and Yukon.

Every insurer licensed to write automobile insurance in any jurisdiction Facility Association serves is required to become a member and remain a member of the Association. All members of the Facility Association must abide by its “Plan of Operation”.

Our Purpose:

Our Purpose is to ensure the availability of automobile insurance to owners, lessees and licensed drivers of motor vehicles who are eligible.

Our Mission:

The Facility Association’s mission is to deliver on our Purpose through the efficient administration of automobile insurance residual market mechanisms and by providing valued information to our members. Facility Association strives to enhance market stability through minimizing its market presence and impact, in an effort to provide consumers with the benefits of a healthy and competitive standard insurance market.

About the Role:

Reporting to the Director of Finance, the Manager, Accounting is responsible for driving team performance with the objective to maximize efficiency, accuracy and timeliness of the department's reporting requirements to internal and external stakeholders.

Responsibilities:

Oversee and manage the day-to-day accounting functions of the direct reports including, but not limited to: accounts payable, accounts receivable and general ledger of the residual market mechanisms
Responsible for the workflow, timely and accurate reporting of financial information released from the department
Continued focus on current practices and improving system efficiencies and business practices
Analyse financial data and key performance metrics to support decision-making, management reporting and communications with internal and external stakeholders
Ensure compliance with IFRS, and analyze impact of new accounting standards, document policy decisions and implement the actions required to successfully adopt the new standards
Establishing and ensuring the policies and procedures developed for the department’s accounting processes are reviewed and kept current
Review and approve monthly journals, appropriate ledger entries and reconciliations
Liaise with external auditors and ensure that all deliverables are met, for the timely reporting and preparation of audited financial statements of the residual market mechanisms at year-end
Support the quarterly, semi-annual and year-end financial audit activities and the CSAE 3416 process as required
Liaison for internal and external audits and resolution and follow up of findings and remedial actions as required
Responsible to ensure the Compliance requirements for Finance are met
Liaise with external software support for general ledger system and production of financial reports
Manage and maintain Change Management process and reports for changes and upgrades to accounting system
Provide training to new and existing staff as required
Supports Director of Finance on special projects, and responds to inquiries from the Director of Finance regarding financial results, special reporting requests, daily banking requirements and workflow process improvements
Perform other department duties as assigned for finance and accounting

Qualifications:

Professional Accounting designation required (CPA)
10 years of related work experience in accounting. P&C experience considered an asset
At least 5 years of proven experience in team management
Strong leadership skills with a dedication to driving and achieving results
Ability to work independently and with a team to contribute to the successful delivery of time-sensitive projects, effectively working on multiple tasks, and meeting deadlines
Excellent verbal and written communication abilities
Strong problem-solving skills, excellent time management and organizational skills
Proficiency in Excel and Word software

Facility Association outsources its Human Resource functions to its sister organization, IBC.

Please send resume to:

Human Resources Department (HR)*
Contact: Azan Khan
E-Mail: careers@facilityassociation.com

Facility Association is committed to providing accommodation for people with disabilities. Applicants need to make their needs known in advance.

Please be advised that only those applicants who are selected for interviews will be contacted.

* The Human Resources Department of Insurance Bureau of Canada (IBC), provides HR services to Facility Association