Associate Analyst, Accounting

at  Aldo Group

EXPERIENCE

Not Specified

The Associate Analyst is an integral part of the Accounting team, assisting the Manager Accounting with the month-end close. Specifically, the accounting analyst prepares bank reconciliation and manages the daily bank clearing for multiple bank accounts. All necessary adjusting journal entries are made by the accounting analyst such as to agree the month end cash balances with that of the bank.

• Continuously monitor and evaluate the effectiveness and efficiency of the accounting systems and internal processes to identify opportunities to improve reporting quality, reliability, timeliness of information.
• Monitoring FEBAN to make sure the interfacing process from the bank to SAP is done properly. Following up with IT team to improve this process and solving any issue.
• Maintaining financial records for multiple companies by analyzing balance sheets and general ledger accounts related to cash.
• Working closely with the Accounts payable, Accounts receivable and Treasury teams to ensure an accurate bank clearing process is done, limiting any open items at month end. Clearing checks deposits and payments based on the coding information received from these departments.
• Assisting the payroll team by clearing all payroll transactions, wage subsidy deposits, DAS payments, Worker’s compensation, payroll alimonies, RRSP/401 K and payroll remittances in CA11 and US11.
• Posting the monthly sales tax payments and prepayment entries and clearing the payments from the bank.
• Working closely with the store banking team to post all store-related banking transactions that are not interfacing to SAP.
• Preparing bank reconciliations and managing the daily bank clearing for multiple bank accounts
• Working with the taxation team (unclaimed property) to prepare an updated list of outstanding US checks.
• Providing specific financial reports for special project requests (ie: OS checklist every Mondays for treasury team’s weekly cashflow report).
• Posting all necessary adjusting journal entries.
• Assisting in the preparation of year-end audit files and analysis for external auditors.
• Participating in the improvement & implementation of continuous improvement project for accounting processes and internal control procedures
• Securing financial information by completing database backups for the clearing JE posted.