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Role
Description
Positions
Clients/Stakeholders
Expertise
Required
Unique
Features
The purpose of this function is to perform the entire accounting cycle for a
specific reporting entity such as a Trust or Fund.
Typical activities include:
- Develop a budget and business plan in conjunction with management.
- Develop forecasts on a quarterly or other basis to assist management
decision making and o comply with government reporting requirements.
- Review transactions to determine coding structure and other requirements.
- Develop various reports to assist management decision-making with respect
to the comparison of actual expenditure, budgets and forecasts.
- Ensure adequate cash is available through development of various cash flow
statements.
- Prepare periodic (e.g. monthly, quarter, annual) financial statements.
- Prepare various reconciliations to ensure the integrity of data in the
system.
- Prepare journal entries.
- Prepare activity schedules for year end closing and related working papers
for the preparation of financial statements.
- Analyze financial information to provide advice to management.
- Prepare variance analysis through discussions with management.
- Provide liaison with the Office of the Auditor.
- Maintain subsidiary ledgers as required for capital assets, accounts
receivables, etc.
- Provide briefing material as requested.
| Manager |
- Professional accounting work of a complex nature. Is likely to
head a team of accountants having responsibility of a number of trusts
or funds or a significant trust or fund.
- Designated as the Accounting Officer.
|
| Finance Level 1 - 4 |
- Professional accounting work of medium to complex work.
- Requires knowledge of financial statement preparation processes, use
of PeopleSoft tools, and understanding of the Institute of Canadian
Chartered Accountants guidelines for non-profit organizations.
- Position may be designated the Accounting Officer.
|
| Admin. Support 4 - 6 |
- Accounting work of a limited to complex nature.
- Performing bank reconciliations.
- Typically involves preparing journal entries, developing queries and
running reports, and preparing preformatted statements.
- May supervise employees performing specific functions.
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The Fund and Trust Accounting function varies with the nature of the fund or
trust but typically can include:
- Management of the Fund or Trust
- Finance, ACSC
- Board of Directors when applicable
- Clients of the Fund or Trust
Highly dependent on the type of Fund or Trust but will generally
include:
-
Accounting designation or advanced standing or two years of
training from an institute (e.g. NAIT, SAIT, GMCC).
-
Experience that includes preparation of financial statements.
-
IMAGIS and other accounting package experience.
Skill set is similar to the Finance Levels 1 - 4 for a department, but
also includes familiarity with the Canadian Institute of Chartered Accountants
handbook on accounting for non-profit entities and provisions for fund or trust
accounting.
