Job Description
Organization: Various Ministries
Division: Corporate Services Division and Regional and Corporate Services Division
City: Toronto
Language of Position(s): English
Job Term: 2 Temporary up to 32 months
Job Code: 4A001 - Finance04
Salary: $66,484.00 - $92,950.00 Per Year
Understanding the job ad - definitions
Posting Status: Open
Job ID: 213329
Attention Chartered Professional Accountants (CPA) of Ontario Students!
The Ontario Public Service (OPS) is seeking to add new talent to its already dynamic finance community of professionals, who proudly deliver financial analysis and services that enable the achievement of government priorities and business results. Bring your valued financial expertise to these important roles and help us enable our clients to reach ministry goals and commitments through quality planning and financial services that add value, and are responsive and accurate.
The Ministry CPA Pre-approved Program Route (PPR), housed in a ministry corporate finance branch, enables CPA students to acquire practical experience, one of the key components needed for CPA designation eligibility. The program also provides an efficient clear path for learning and mentorship.
The successful job candidate will be required to be registered with CPA Ontario and be eligible for enrolment in or be already enrolled in CPA Ontario's Professional Education Program (PEP). Over a period of 32 months, the CPA student will undertake tasks and projects designed to build the technical and enabling competencies required of an entry-level CPA. The student will be given responsibilities in financial reporting, management accounting, assurance and audit, and strategy and governance of increasing complexity and autonomy as aligned with CPA Canada's 2022 Competency Map.
In addition to directly reporting to a manager/supervisor, the student, at a minimum, twice a year, will meet with their assigned CPA mentor who will provide guidance, and assess the student's progress on building CPA enabling competencies.
At the conclusion of the 32-month contract position, the CPA student will have completed the practical experience requirements for CPA designation eligibility.
Opportunities Available:
• Ministry of Citizenship and Multiculturalism (MCM) has 1 temporary position available at 400 University Ave, Toronto, Ontario
• Treasury Board Secretariat (TBS) has 1 temporary position available at 315 Front Street, Toronto, Ontario
Effective April 1, 2024 the salary range for this position is $71,563 to $100,052 per year in compliance with AMAPCEO collective agreement provisions. The new rates, effective retroactive to April 1, 2024, were recently confirmed and dates for implementation of the new salary rates are still to be determined.
What can I expect to do in this role?
As the corporate accounting and reporting team, controllership is the key point of contact between ministry clients and central agencies, and you will:
• provide advice, interpretation, and support of the ministry internal control framework to ensure effective financial management systems, and internal controls for the ministry
• provide a full range of controllership analysis and services, to meet both ministry-specific and corporate controllership requirements
• provide technical guidance and support, centralized accounting financial analysis and systems data reconciliation to support ministry financial reporting and consistency of ministry accounting/reporting activities
How do I qualify?
Mandatory
The successful candidates for this position must be registered with CPA Ontario and be eligible for enrolment in, or be already enrolled in, CPA Ontario's Professional Education Program (PEP). You can determine if you are eligible for enrolment in CPA Ontario's graduate level Professional Education Program (PEP) by visiting CPA Ontario's website and/or contacting CPA Ontario.
Accounting and Financial Expertise
• You have knowledge of internal control frameworks and financial management policies, processes, best practices and related systems, including capital accounting knowledge, internal control principles and practices, financial controls, and operations risk management.
• You have the ability to interpret and apply relevant legislation (e.g. Financial Administration Act).
• You have knowledge of public sector financial, accounting and audit theories, principles, practices and techniques, consolidation theory and practice, corporate accounting, financial management, reporting standards as established by the Public Sector Accounting Board (PSAB) and Chartered Professional Accountants of Canada, Generally Accepted Accounting Principles (GAAP), and Committee of Sponsoring Organizations (COSO) internal control frameworks.
• You can acquire knowledge of Ministry programs, objectives, strategic business plans and directions.
• You understand quality assurance methods, procedures and auditing.
• You have knowledge of generally accepted risk management frameworks, principles, practices, standards, methodologies and current trends.
Communication, Interpersonal and Relationship Management Skills
• You have well developed oral and written communication skills to discuss and explain controllership requirements and issues, prepare accurate and concise reports, analyses and other materials.
• You have consultative, presentation and interpersonal skills to provide accounting and financial management advisory services and present briefings and recommendations to management.
• You have consultation, collaboration and relationship management skills to liaise with representatives, build and maintain effective working relationships with counterparts in other ministries, pursue and consider the perspectives of others, promote cross-program solutions, resolve issues, and implement corrective actions.
• You can advise, influence and promote effective controllership/financial management procedures/options to senior management.
Analytical and Problem-Solving Skills
• You have analytical and problem-solving skills to investigate, research, and assess internal control and financial management issues and processes, identify risks to operations, and ensure that the appropriate control measures are in place and being followed.
• You have analytical and mathematical skills to prepare and interpret financial reports and documents.
• You can assess financial policies and procedures to determine best practices to meet specific ministry needs, and provide interpretations to management and staff.
• You can review and assess business requirements to identify controllership requirements specific to the effective financial management of ministry programs.
• You can conduct financial analysis of diverse account functions and financial management/reporting scope, and prepare/confirm the accuracy of financial statements.
• You can analyze, interpret and assess financial reports and prepare consolidated financial statements.
Technical Skills
• You have computer operation skills and proficiency with standard desktop software and tools to participate in projects, and prepare reports and presentations.
• You have knowledge of operations and capabilities of large-scale computer systems for financial reporting to analyze financial data and generate reports.
• You can plan, develop, analyze, control and monitor financial information and functions of financial systems to ensure the accuracy/integrity of financial information.
Additional Information:
- 1 English Temporary, duration up to 32 months, 400 University Ave, Toronto, Toronto Region
- 1 English Temporary, duration up to 32 months, 315 Front St W, Toronto, Toronto Region