Company Description
Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Through our retail network of over 400 locations, known as Moneymart, Insta Cheques and the Cheque Cashing store, we provide access to cash and related products to help our customers achieve their goals.
Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, cheque cashing, money transfer and prepaid cards. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.
#Corporate
Job Description
General Function:
Reporting to the Assistant Controller, this position will be a critical member of the global corporate accounting team managing and recording bank activity, securitization, debt and intercompany transactions. This position will contribute to the month-end close, balance sheet account reconciliations, maintaining sound internal controls, adherence to GAAP, assist with audit support, and interfaces with business partners including US and Canadian operations, FP&A, Tax, Treasury and other departments.
Job Description:
- Perform proper accounting methods, policies and principles when booking journal entries for the following areas: cash transactions, interest, debt-related activities, intercompany and other financial events
- Maintain working knowledge of legal entity structure and manage intercompany reconciliations and eliminations.
- Timely preparation of reconciliations by collecting details from various sources (bank statements, AP registers, accounting details) to reconcile transactions and identify unreconciled items to be investigated.
- Investigate all variances or unknown transactions within reconciliations to determine the proper accounting entry
- Ensure the integrity of accounting information through timely journal entry preparation, variance analyses and resolution of account variances
- Maintain a positive working relationship when addressing problems and providing solutions
- Respond to questions from other internal departments as well as liaising with select external parties
- Assist with assessing and monitoring internal controls, including risk assessments and reviews of risk areas
- Identify inefficiencies and recommend improvements towards a quicker month-end close while maintaining accounting integrity
- Establish monitoring and enforcing company’s policy, procedures and internal controls
- Assist with the external audits by preparing audit support and providing answers to questions
Qualifications
Education:
- Post secondary education in Accounting
- Accounting degree preferred
Experience:
- 2+ years general accounting experience
- Bank reconciliation experience
- Journal entry preparation experience
Skills:
- Ability to apply critical thinking, analyze information and establish resolution plan
- Self-motivated; able to work independently to complete tasks and respond to department requests and to collaborate with others to utilize their resources and knowledge to identify quality solutions
- Strong organization; ability to prioritize tasks for self and team to meet requirements and deadlines
- Must be able to perform with a high level of accuracy under tight time constraints, execute assignments and set direction rather than require direction.
- Ability to handle large datasets, complex GL strings and multiple entities/currencies
- Strong Microsoft Excel skills (pivot table, vlookups and filtering experience)
- Excellent oral and written communications skills
- Comfortable with change and fast-paced environment
- Familiarity with Oracle ERP system, Kyriba (treasury workstation) and Hyperion Financial Management, a plus
- Ability to update Standard Operating Procedures
Additional Information
All your information will be kept confidential according to EEO guidelines.
- Notice to Ontario Applicants – Momentum Financial Services Group is committed to accommodating applicants with disabilities up to the point of undue hardship during the recruitment, assessment, and selection process. If you are selected for an interview, please notify Momentum Financial Services Group if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, we will work with you to determine how to meet your needs.
Note to Internal Applicants: All internal applicants are required to notify current manager regarding interest in applying for this role.
