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Revenue and Billing Analyst (Closed)

About the Opportunity

This position reports to the Manager, Finance Operations and is primarily responsible for oversight of cost recovery-based revenue models driving invoicing and collections of amounts due to the organization

•  Manage the annual membership dues calculation process including coordination with various departments and stakeholders
• Support the Timely Disclosure revenue process through analysis in partnership with the Market Surveillance team to ensure cost recovery on a fair and equitable basis from market exchanges
• Assist with the preparation of revenue budgets and forecasts, including analysis to support the annual budget fee memo to the Board of Directors
• Collaborate with Enforcement to provide quarterly analysis and reconciliation of Fines Revenue and collections. Maintain payment schedules, and report on fines received/outstanding
• Assist in the month-end close process, including commentary on reported revenue variances and reconciliation of all revenue-related Balance Sheet accounts
• Work with IT to ensure effective use of ERP systems to support accurate and efficient revenue related processes. Challenge current workflows to evaluate opportunities for automation
• Ensure an effective and well-documented internal control environment for revenue, billing and collection processes addressing confidentiality of data, accuracy, completeness, and validity of financial records and effectiveness of processes
• Participate in process improvement initiatives as required
• Timely and accurate processing of invoices including: UMIR Market regulation fees, debt market fees, debt IP fees, Supplementary billing, Enforcement fines, continuing education, delayed MFR filing, annual conference sponsorship fees and Timely Disclosure Services
• Supporting the quarterly Ombudsman for Banking Services & Investments (OBSI) invoicing process
• Support communications with internal and external stakeholders to enhance understanding and clarity of billing and fee processes
• Maintain and align the customer database between Microsoft Dynamics NAV (enterprise resource planning system) and Adaptive Insights (corporate performance management system). Ensure the completeness and accuracy of all customer master records
• Prepare monthly pre-authorized debits (PAD) and CDS lists for direct deposit of payments
• Oversee the collections process and management of the Aged Accounts Receivables as well reporting, and remittance of all Canadian Investor Protection Fund (CIPF) assessments due from member firms
• Provide back-up support for bank deposits and recording of cash receipts in office
• Support internal and external audit work as required
• Other ad-hoc tasks and initiatives as assigned

About You

• Relevant university degree or college diploma
• Completion or enrollment in an accounting designation program CPA/CMA/CGA
• Minimum 2-3 years of relevant experience
• Proficiency in accounting and the ability to offer assistance on accounting functions
• Quick learner with the ability to adapt to changing job demands and fee models
• High degree of accuracy and attention to detail
• Advanced Excel skills (use of macros, pivot tables, lookup, merging, graphs, etc to maintain complicated spreadsheets
• Proven problem solving and strong analytical skills to investigate and reconcile for accuracy and reasonableness with the interest and enthusiasm for improving business processes
• Prior experience in using accounting software
• Excellent communication and interactive skills
• Ability to stay focused on tasks with little supervision
• Knowledge of securities industry would be an asset
• Ability to speak French would be an asset

Salary

$58,000 - $70,000/year

How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #299434

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.