The Law Foundation of Ontario was established in 1974 under the Law Society Act. The Foundation receives and uses the interest on lawyers’ and paralegals’ mixed trust accounts to support legal education, legal research, legal aid, and law libraries in Ontario. It does this through grantmaking to nonprofits and providing funds to Legal Aid Ontario. The Foundation also administers the Class Proceedings Fund, which provides cost assistance in class actions.
The Foundation is an inclusive employer. We respect equity, inclusion, diversity, and anti-racism. We are dedicated to creating a workplace reflective of the community we serve and welcome applications from diverse and equity-deserving groups. Accommodation, if required, will be provided throughout the hiring process in accordance with the Human Rights Code.
The Law Foundation of Ontario is the sole foundation in Ontario with the mandate of improving access to justice. A priority for the Foundation is to pay particular attention to groups who have experienced injustice or inequity – past or current – and those who have experienced exclusion or barriers in society. Recent ambitious initiatives include capacity-building programs, initiatives focused on rural and remote communities, and efforts to advance racial and Indigenous justice.
It is an exciting time to join the Foundation with challenging and impactful projects on the horizon that the Senior Financial Analyst will lead and be a part of. As a key resource in the Foundation’s Finance team, you will support the day-to-day accounting operations, while helping to identify and drive system and process improvements. You will manage the month-end close and annual audit, and assist with financial planning, budgeting, reporting and analysis. This position applies sound accounting principles and internal controls, in accordance with accounting standards for not-for-profit organizations.
Reporting to the Director, Strategic Finance, and working with other members of the Finance team, the position:
- Ensures accurate and timely delivery of monthly and annual financial statements for the Foundation and Class Proceedings Committee
- Oversees the month-end close process, including the preparation of journal entries, accruals, and account reconciliations
- Manages the annual audit and prepares year-end schedules
- Prepares insightful management reporting and variance analysis for the Senior Leadership Team
- Assists with the preparation of Board reporting, the annual budget and financial forecasts
- Performs ad hoc analysis, investigation, and reporting on internal financials, funds, grants, and trust interest compliance
- Reviews accuracy of mixed trust account interest revenue, ensuring completeness and compliance with agreements, interest rates, and the Law Society Act
- Administers payments to grantees and class action cases, reporting on and monitoring balances
- Maintains investment schedules, recording transactions as per accounting policy
- Reviews bank reconciliations and monitors bank balances
- Processes payroll, oversees accounts payable, and processes payments
- Promotes and drives innovation and continuous improvement in financial systems and processes, including automation initiatives and reporting enhancements
- Creates and maintains current standard operating procedure documentation for all the Foundation’s financial functions
- Maintains internal controls and ensures compliance to all policies, procedures, and accounting principles and financial regulations
- Other duties as required
Successful candidates will demonstrate the following:
- Completion of a postsecondary degree in such areas as accounting, finance, or business
- Professional accounting designation (e.g., CPA)
- Minimum five (5) years accounting and finance experience, preferably in broader public and/or sector or not-for-profit organizations
- Excellent knowledge of accounting principles, procedures, and internal controls
- Demonstrated experience with financial reporting, analysis, and modeling
- Advanced knowledge of Excel, including complex formula, pivot tables, data analysis, and spreadsheet best practices
- Proficiency with accounting systems, preferably Sage 300, including Financial Reporter and Sage Enterprise Intelligence
- Strategic and critical thinking skills to recognize and think through financial issues and provide recommendations and creative solutions
- Strong communication, active listening, and influencing skills, with a professional and customer-focused approach
- Knowledge of grants management, fund accounting, and accounting standards for not-for-profit organizations (ASNPO) is an asset
To indicate your interest in this position, please send your resume and cover letter to Ramsha Mir (firstname.lastname@example.org) at Clarity Recruitment (our recruitment partner) by January 27, 2023. You may also reach out to Ramsha by email or phone at 647-203-6100 if you have questions or if you require an accessibility accommodation.
We thank all external applicants for their interest, however, only those selected for further consideration will be contacted. Applications will be reviewed on a rolling basis.