Accountant

Why DUCA? 

We’re a vibrant, exciting credit union that lives its "profits with a purpose" philosophy in every financial transaction, product, interest rate, and community initiative we offer. Founded in 1954, DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85,000 Members we are proud to serve.  

We exist to help People, Businesses and Communities Do More, Be More, and Achieve More™. 

DUCA (www.duca.com) is the fastest organically growing large Credit Union in Canada distinguished for the following: 

• Positive, un-big bank like service experience delivered through Member-facing staff in branch, on the phone (Member-Connect) and via our Mobile mortgage specialists, Wealth Management advisors and Commercial and Business Banking Account Managers. 
• Competitive rates.
• Personalized financial solutions, guidance, and service with the lowest possible fees for both Personal and Business Members.
• Profit sharing among Members.
• Multiple ways to bank—online, mobile app, phone/full-service Member Connect Contact Centre, and, of course, in-branch—DUCA is accessible 24/7 
• A community philosophy of “profits with a purpose” culminating in the creation of the DUCA Impact Lab (www.ducaimpactlab.com), a charitable foundation committed to helping the credit challenged and underbanked.  This led to DUCA's designation as a B-Corp certified organization, the first ever credit union to receive this global recognition.

A career with one of Canada’s fastest growing credit unions means you’ll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more, Be more and Achieve more with their money and their lives.  At DUCA, you’ll be part of a vibrant and collaborative team where you’ll be supported to excel and make an impact, no matter what role you play. 

Accountant

Job Purpose & Summary

The Accountant is responsible for the integrity and completeness of accounting information through the recording, verification, and consolidation of transactions, and overseeing assigned accounting and financial activities of the credit union.

This role is also responsible for preparing journal entries and account reconciliations and supporting period-end close processes.

Key Accountabilities & Duties

• Prepares bank and other GL account reconciliations including addressing outstanding aging transactions and ensuring all reconciliations are completed within policy timelines.
• Prepares daily branch cash and ATM balancing. Investigates and remediates reconciling items by working with internal and external stakeholders.
• Prepares and records asset, liability, equity, revenue, and expense entries by compiling and analyzing account information and external supporting documents.
• Supports the month-end and year-end close processes.
• Liaises with internal and external auditors as required and supports all audit related work as assigned.
• Acts as a backup for processing vendor invoices and payments accurately and in a timely manner
• Maintains the general ledger chart of accounts in both the financial accounting and core banking systems and updates all corresponding cross-reference tables.
• Resolves invoice discrepancies by corresponding with internal business owners/vendors and responds to all related inquiries.
• Reconciles processed work by verifying entries and comparing system reports to balances.
• Acts as the first point of contact for vendor and internal client queries.
• Maintains prepaid, accrual and fixed asset schedules including corresponding amortization schedule
• Assists in preparing monthly management reporting packages and accompanying schedules, worksheets and narratives. Assists in providing follow-up and documentation of significant variances
• Determines opportunities to streamline processes, eliminates unnecessary or redundant tasks, and improves governance and oversight.
• Assists with initial internal control evaluations and provides recommendations to management on how to reduce/mitigate potential risk.
• Develops and implements accounting procedures by documenting and analyzing current procedures and recommended changes.
• Supports finance projects by ensuring business requirements are fully met and timelines are adhered to.
• Complete other accounting related duties, as required.

Occupational Experience & Education Requirements

• Degree in Accounting, Finance or Commerce.
• 3+ years of accounting related working experience.
• Enrolment in CPA designation program considered an asset.

Knowledge, Skills & Attributes

• Strong analytical and communication skills (written and oral).
• Ability to multi-task with a high level of attention to detail and accuracy in a deadline driven environment.
• Ability to manage an increased workload and demands during peak periods.
• Strong computer skills including Microsoft Word and Excel.
• Ability to establish and maintain effective working relationships with co-workers at all levels within the organization.
• Strong problem-solving and investigative skills, and the ability to make sound recommendations.

Working Conditions

• Normal office/hybrid environment with standard work week of 38 hours with additional time required to meet deadlines and project deliverables.

Department: Finance

Primary Location: Head Office - 5255 Yonge St, North York, ON M2N 5P8

Employment Status: Full-time 

Hours per Week: 38

Salary: The annual salary range for this position starts at $50,392. Actual annual base salaries will vary depending on relevant job-related factors such as experience, knowledge, skills, qualifications, and education/training. Depending on the position, DUCA’s total compensation package may include incentive compensation tied to company and individual performance or other benefits. 

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Qualified applicants are encouraged to submit their application. Applications must include a resume.

We thank all applicants but only those considered for an interview will be contacted.