Accounting Associate
Job Overview:
The Accounting Associate is responsible for client’s financial data and compliance by maintaining accurate books on accounts payable and receivable, payroll, and daily financial entries and reconciliations; and managing invoices and tax payments. As well, perform daily accounting tasks such as monthly financial reporting, general ledger entries, and record payments and adjustments.
Responsibilities and Duties
- Maintain records of financial transactions by establishing accounts; posting transactions; ensure legal requirements compliance.
- Verify that transactions are recorded in the correct day book, supplier’s ledger, customer ledger and general ledger.
- Develop system to account for financial transactions by establishing a chart of accounts, defining accounting policies and procedures.
- Complete tax forms
- Maintain subsidiary accounts by verifying, allocating, and posting transactions.
- Balance subsidiary accounts by reconciling entries.
- Update and maintain general ledger by transferring subsidiary account summaries.
- Balance general ledger by preparing a trial balance; reconciling entries.
- Maintain historical records by filing documents.
- Prepare financial reports by collecting, analyzing, and summarizing account information and trends.
- Comply with federal, state, and local legal requirements by studying requirements; enforcing adherence to requirements; filing reports; advising management on needed actions.
- Contribute to team effort by accomplishing related results as needed.
- Monitor any variances from the projected budget.
- Follow the company’s information security and privacy policies and procedures in all aspects of work as part of the company’s compliance to ISMS and PIMS.
Key Competencies
- Knowledge of Microsoft Office (Excel, Word, PowerPoint) and Internet required.
- Strong communication and analytical skills
- Attention to detail and accuracy.
- Problem analysis and solving skills.
- Solid understanding of basic accounting payable/receivable principles
- Proven ability to calculate, post and manage accounting figures and financial records.
- Follow info security and privacy procedures and policies.
Education & Experience
- Degree/Diploma in Business Admin/Accounting or similar discipline
- Proven accounting experience.
- 3 years of experience in an accounting administrative function
- Public accounting experience an asset
- Special consideration given to student graduating from a coop accounting program at Community College or University