Accounting Analyst

at  Durham College

ABOUT DURHAM COLLEGE:

Durham College (DC) is a leading post-secondary institution that supports students to develop career-ready skills for the ever-changing job market. With a focus on experiential learning, led by expert faculty, through field placements, applied research, co-ops and other hands-on opportunities, DC grads are known for having the skills and knowledge they need to adapt to the ever-changing workforce.
A leader in innovative teaching and learning, Durham College offers a wide range of market-driven programs across multiple disciplines, including culinary management, farming and horticulture, business, IT, construction and trades, science and technology, health care, engineering, social and community services, media, art and design. Our modern campuses in Oshawa and Whitby offer 145 programs – including six honours bachelor’s degrees and 11 apprenticeship programs – to more than 13,700 full-time post-secondary and 2,300 apprenticeship students. In addition, more than 14,600 students participate in professional and part-time learning. More than 110,500 alumni represent the college, both locally and around the world.
A forward-looking organization committed to collaboration, innovation and sustainability, Durham College is ranked annually as one of the GTA’s Top 100 employers and one of Canada’s Greenest Employers and has been recognized as a Top 50 Research College in Canada, 10 times. DC has an estimated annual economic impact of more than $913 million on Durham Region and is proud to be an active and engaged member of the communities we serve by contributing resources and expertise to enhance social and economic well-being through partnerships, investments and collaboration.

QUALIFICATIONS:

• A minimum of a 3-year diploma or degree in Accounting.
• A minimum of 2 years of practical experience in an accounting related field, with an emphasis on general accounting and accounts receivable
• Applied knowledge of computer software programs, including basic spreadsheets and word-processing applications.
• A high level of organizational skills to meet deadlines and keep information in an easy-to-retrieve manner
• Ability to understand and apply Generally Accepted Accounting Principles
• Analytical and problem-solving skills, for example to analyse and work with financial information
• Interpersonal skills and communication skills to answer inquiries, solve customer problems, and to achieve high-levels of customer service with students, faculty, and other staff
• Demonstrated detail-orientation and accuracy to reduce, detect and correct errors
• Proficiency in Excel
  Required Skills
  Payband: F; Starting Rate: $30.00; Four Year Rate: $34.77
  Required Experience
  Hours: 35 hours per week (1) one hour lunch; Mon – Fri (8:30 am – 4:30 pm)
  Initiatives & Opportunities Position (Appendix K, see collective agreement); September 2024 – September 2025

The position is responsible for initiating all outgoing wires including international student refunds, agent commissions and other sundry wires. On a monthly basis, the incumbent will work with Treasury and Account Payable to ensure all wires have been recorded accordingly with any discrepancies to be investigated.
The incumbent will be responsible for the E-transfer bank account, its transactions and daily files. Furthermore, the incumbent will input and update banking information for both vendors and students.

Finally, the incumbent will assist with international student accounts receivable as required which includes and not limited to monitoring, contacting and responding to emails/queries with regards to delinquent accounts. Responsibilities include collection of outstanding fees, resolve discrepancies on student accounts as well as apply holds to student accounts with an outstanding balance.

• The incumbent inputs and verifies all student international wire transfers, interacting with departments and bank to ensure accuracy.
• Process all sundry wire payments through TD Bank portal. Confirming data is accurate, requesting updated data and entering into bank system. Determine which wires are recurring and then entering wire templates. Review any wire discrepancies or rejections from the banks. Journalizes all wire activity in the general ledger. Responds to any international department wire inquiries.
• Inputting and updating banking information for vendors and students in the various banking platforms.
• Downloading daily Interac reports and identifying any cancellations.
• Following up on all E-transfer queries including validating those that have been cancelled and reissue as required. Reconcile monthly bank statement.
• Provide support to international student accounts receivable. Overseeing collections, questions and analysis.