Financial Controls & Reconciliations Analyst

Financial Controls & Reconciliations Analyst

Toronto, ON, CA

2 days ago Requisition

Position
Title: Financial Controls & Reconciliations Analyst

Reports to: Manager, Technical Accounting and Reconciliations

Employee Status:Permanent, Full-time

Work Hours: 35 hours per work week

Salary Range:$82,000 to $100,000 annually, plus eligibility for the TTC Pension Plan's Short-Term Incentive Plan (STIP) with a target incentive opportunity of 5%

We care about the employees who work at TTCPP and the excellent services they provide to our members! As a member of our team, you will play a critical role in TTCPP’s success. By working together and living our values, we can achieve our vision and mission.

TTCPP is a defined benefit pension plan established in 1940 for employees of the Toronto Transit Commission, the Amalgamated Transit Union Local 113, and TTCPP. For more than 80 years, we have been providing a secure retirement income for our members. The Plan is fully funded and strong with more than 27,000 members and $10.0 billion in net assets.

• Our
  VISION is clear:
  To always be there for our members-today and for a lifetime.
• Our
  MISSION
  :
  Providing a financially secure retirement for our members by delivering a pension for life at a reasonable cost. Supporting our members with responsiveness, open communication and hands-on service, now and throughout their retirement.

The Financial Controls and Reconciliations Analyst is a member of the Finance department, reporting to the Manager, Technical Accounting and Reconciliations. The role prepares, analyzes, and investigates investment reconciliations; supports the integrity of financial reporting; and works within established financial controls. The incumbent coordinates with external auditors, custodians, investment managers, and internal stakeholders to obtain, validate, and maintain complete and accurate investment financial data, escalating significant or unresolved issues as appropriate.

The role requires strong knowledge of accounting principles, GAAP and IFRS, sound judgment, attention to detail, and the ability to resolve complex or ambiguous matters while working within established guidelines and escalation protocols.

Responsibilities include, but are not limited to, the following:

• Perform detailed reconciliation and validation of private markets data across investment manager reports, custodian records, and internal investment systems, ensuring the accurate recording of capital calls, distributions, returns of capital, valuations, and other investment activity.
• Investigate and resolve data discrepancies, and maintain data quality controls to support the integrity of investment information used for reporting, performance measurement, liquidity management, and investment oversight.
• Maintain supporting documentation and evidence in accordance with internal control requirements.
• Monitor reconciliation completion status, outstanding items, and required supporting evidence.
• Support financial reporting related to reconciliation metrics and outstanding exceptions.
• Assist in monitoring compliance with accounting policies and control standards.
• Support preparation of quarterly and annual financial reporting.
• Review investment transactions and provide supporting analysis as required.

• Prepare schedules, supporting evidence, and responses to routine internal and external audit requests in a timely manner.
• Assist with the implementation of audit recommendations and management action plans.
• Assist in documenting financial processes, controls, and procedures for the reconciliation process.

• Collaborate with custodians, investment managers, auditors, and internal stakeholders to support the completeness and accuracy of investment financial data.
• Assist in developing and improving reconciliation processes, procedures, and controls.
• Identify opportunities to enhance automation, efficiency, and control effectiveness within the reconciliation process.
• Participate in system implementations and process improvement initiatives within the Finance department and corporate-wide.
• Perform other duties as assigned.

• Public accounting experience, preferably with a Big Four accounting firm, is considered a strong asset.
• CFA designation is considered an asset.
• Commitment to continuous learning and staying current with developments in accounting,…