Funds Control Clerk

Career Opportunity

We have an exciting opportunity in our Finance Department. We are currently hiring a Funds Control Clerk.

What You Will Do

This position is responsible for banking, funds control, and cash flow activities including analysis of variances and processing of e-deposits, pre-authorized debit (PAD) files, and credit card payments. This also involves the daily control of cash inflows and outflows; daily recording of all transaction activities in TTC's main bank accounts, specifically deposits and disbursements by source and type; cash draws from the City of Toronto; deposit of incoming payments and the verification of same with the bank; preparation of cash forecasts and tracking of actual versus forecasted requirements.

You will ensure sufficient funds are available to meet financial commitments through the tracking of actual bank balances in relation to anticipated requirements, coordination of timely issuance of subsidy bills, advise of unusual requirements from other Finance Department sections, and sufficient notice given to the City of required cash draws on the bills for deposit to TTC bank accounts.

In addition, investigate transaction discrepancies and abnormalities immediately by notifying bank and TTC staff; recording and preparing monthly bank memos with GL accounts for posting to SAP General Ledger.

Monitor and analyze monthly bank fees to ensure they are in agreement with the banking contract and reasonable based on transaction volume and activity. Moreover, generate invoices for subsidy; TTC ridership data based on information received from other TTC departments/sections

In addition to the above, you will support diversity, inclusion, and a respectful work and service environment that is free from discrimination and harassment. Helps to remove barriers and accommodate employees and customers (within their area of responsibility) in accordance with TTC's commitments and obligations under the Ontario Human Rights Code (OHRC) and Related Orders, the Accessibility for Ontarians with Disabilities Act (AODA), and TTC's policies.

What Qualifications Do You Bring?

• Completion of post-secondary education, or the equivalent, combined with related work experience.
• Prior work experience in a banking or financial environment would be a definite asset.
• Requires sound knowledge of modern office methods, practices and procedures.
• Must possess a good knowledge of accounting principles and practices involving financial record keeping.
• Must be detail-oriented; possess good mathematical skills and good problem solving and organizational abilities to handle various work assignments within established deadlines.
• Requires proficiency in the use of computers and applications related to the work (e.g. Excel, Word, etc.)
• Must have good interpersonal, oral and written communication skills.
  

What Skills Do You Bring?

What we Offer?

• Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging, representation and reflects the needs of the communities we serve.
• A flexible, hybrid work approach that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
• One of the great benefits of being a full-time TTC employee is becoming a member of TTC defined pension plan.
• A comprehensive package that covers health, dental, vision and more.
• Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues' well-being.
  

Commitment to EDI

The TTC is committed to upholding the values of equity, diversity, anti-racism and inclusion in the delivery of its services and in its workplaces. The TTC is committed to fostering a diverse workforce that is representative of the communities it serves at all levels of the organization, and supports an inclusive environment where diverse employee and community perspectives and experiences bring value to the organization. The TTC encourages applications from all applicants, including members of groups with historical and/or current barriers to equity, including but not limited to, Indigenous, Black and racialized groups, people with disabilities, women and people from the LGBTQIA+ community. The TTC values and supports an inclusive and barrier-free recruitment and selection process. Accommodations for applicants are available upon request throughout the recruitment and selection process, including for those who identify as having a disability. Please contact Talent Management at (416) 393-4570. Any information received related to an accommodation will be addressed confidentially.