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Sr. Financial Analyst responsible for Invoice Processing for large banking client - 40374

Job Type: Contract
Positions to fill: 1
Start Date: Jun 01, 2022
Job End Date: Dec 30, 2022
Pay Rate: Hourly: Negotiable
Job ID: 119061
Location: Toronto
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Sr. Financial Analyst responsible for Invoice Processing for large banking client - 40374

Location: Toronto
Duration: 6 months (possibility of extension)
 
The role will consist of:
  1. Analysis and Invoice Processing (80%)
  2. Risk Management, Operational Effectiveness, and Controls (20%)
 
Job Responsibilities:

1. Financial Analysis and Invoice Processing
  • Functions as primary point person for converting manual invoice processing to an automated process.
  • Create multiple Purchase Orders
  • Acts as a conduit for the efficient flow of invoice processing for payment in adherence with department processes, guidelines and vendor agreements.
  • For manually processed invoices, administer a tracking system in adherence with reporting guidelines to ensure that all invoices and other financial data received are monitored from submission to payment.
  • Establish and maintain an organized electronic filing system to ensure that business and other operational reports are readily available.
  • Interacts with vendors depending on unique requirements of the business unit.
  • Work with members of the Global Markets business to processes invoices where required
  • Ensure timely payments, including coding cost center and GL account, checking invoices are billed to the appropriate legal entity, and are issued according to A/P process policy.
  • Monitors and analyzes vendor invoices and other expenses to ensure they are within budget and reallocated to the appropriate expense/client code.
  • Participates in recommending the most appropriate alternative to achieve business goals and business needs more efficiently and effectively. Participates in planning and coordination through to implementation.
 2. Risk Management, Operational Effectiveness, and Controls
  • Performs business/situational analyses and develops recommendations such as:
  • Identify and develop business process improvement opportunities.
  • Identify and develop alternatives to support business decisions.
  • Initiate and implement low to medium complexity financial projects.
  • Help develop controls in order to determine and mitigate risks.
  • Assist in developing business cases for change including an implementation plan required for successful implementation.
 
Must Have Skills:
  • 3 - 5 years of experience in a financial analysis role
  • Experience with invoice processing
  • Experience with risk analysis and controls
  • Banking/financial industry experience
  • Advanced level PC skills (MS Office: Excel, Word, PowerPoint, and Outlook; Visio is preferred).