Accounts Receivable Analyst

Infrastructure Ontario (IO), an Ontario crown corporation, provides a wide range of services to support the Ontario government’s initiative to modernize and maximize the value of public infrastructure and realty.

IO has been recognized domestically and internationally for the way it does business and the success it has had with its major projects, real estate services, infrastructure lending, commercial projects, and development mandate.

IO delivers some of the most complex, ambitious commercial and land development solutions for the Province and continues to evolve and expand its capabilities to maximize its public impact and deliver on its vision of creating a connected, modern and competitive Ontario.

Reporting to the Manager, Finance, the Accounts Receivable Analyst will be part of the GREP Finance team that ensures timely and accurate recovery of Ministry funded projects and collection of billings to clients.

What you will do :

• Operationalize the client billing process for project related activities for the General Real Estate Portfolio (GREP), including the timely and accurate billing of the monthly project value of work to the ministries.
• Operationalize and consolidate accounts receivable reporting for GREP, including those maintained by the service provider through their A / R subledger;

preparing summary reports with meaningful insights and analysis, follow up with ministries and other clients on a timely basis.

• Support manager to ensure appropriate internal controls are maintained over all accounts receivable processes, escalating and investigating any discrepancies.
• Prepare aged accounts receivable reports with meaningful insights to the client management and project management teams for follow up and escalation with the ministries and agencies.
• Prepare quarterly inter-ministry reconciliation reports with additional details in the Province’s format to send out to ministries with and Agency clients for reconciliation and confirmation.
• Prepare A / R and Revenue details for the annual public accounts reporting
• Ensure A / R subledgers are reconciled to the GL, to ensure completeness and accuracy of transactions recorded in the GL.
• Assist in special assignments, including financial systems and new service provider integrations.

Who we are looking for :

• Progressing through CPA program (preferred)
• A few years of Finance or Business experience
• Proficiency in MS Excel, MS Word and PowerPoint
• The following specialized knowledge would be assets for the job :
• Yardi financial system
• Understanding of generally accepted accounting principles (GAAP), internal control processes
• Good understanding of Real Estate and construction projects accounting practices

What's in it for you :

• Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
• A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
• A defined contribution pension plan, where IO contributes the equivalent of 5% of a full-time employee’s annual salary, with an option for IO to match an additional 5% contribution made by the employee.

IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future.

• A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.
• A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 95% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks.
• Access to our $1000 Healthcare Spending Account to top up expenses not covered in the benefits program and a Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for gym memberships and fitness equipment, nutrition counselling or financial planning.
• Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being.

IO will also cover the costs associated with up to two membership and license fees per year for eligible colleagues if directly related to the employee’s role.

• Access to a suite of virtual healthcare options to support non-urgent medical needs
• A convenient, central location at 1 Dundas St West, easily accessible by public transit.

$62,600 - $93,900 a yearThis posting will close October 25th 2024. Interviews will be conducted on a rolling basis until the position is filled.

The hiring range for this position is $62,600 -$93,900 with a corresponding job level of P2 After reviewing the qualifications listed above, we want you to know that we understand you may not meet all the qualifications described, but still encourage you to apply, as you may have other relevant expertise and experience that you can bring to the role.

At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging.

We believe that experience comes in many forms and through learning from each others’ differences and perspectives gives us strength.

We are committed to enhancing our culture and encourage applications from all walks of life. Let us know if you require any accommodations for the selection process, by contacting the Talent Acquisition Team.

Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience will be taken into consideration as applicable to the posted position.

By submitting your application you are granting Infrastructure Ontario permission to process your personal data during the recruitment process and for keeping records of the process.

Infrastructure Ontario may share your personal data internally to appropriate persons involved in the recruitment process and to third parties where there is an administrative or lawful basis for doing so.

Provided that Infrastructure Ontario does not have any lawful reason to continue processing your personal data, you may make a formal request to rectify, erase or restrict (the processing of) your personal data.