Job Opportunities in Canada
October 7, 2024
Metrolinx
FULL TIME
CO-OP Student, Deputy CFO Office - Talent Pool
Pay Range: $20.60 - $23.69 per hour. Your hourly rate will be based on the year of study at school.
Work Location : HYBRID
Contract up to 4 months starting January 2025
Metrolinx is connecting communities across the Greater Golden Horseshoe. Metrolinx operates GO Transit and UP Express, as well as the PRESTO fare payment system. We are also building new and improved rapid transit, including GO Expansion, Light Rail Transit routes, and major expansions to Toronto’s subway system, to get people where they need to go, better, faster, and easier. Metrolinx is an agency of the Government of Ontario.
At Metrolinx, equity, diversity, and inclusion are essential to living our values of serving with passion, thinking forward and playing as a team.
Our Deputy CFO Office is looking for eight (8) CO-OP Students to provide support within the various Finance teams. The CO-OP Students will work with internal and external stakeholders to provide administrative support, create presentations, maintain systems, and recommend improvements to processes.
We have Deputy CFO Office, Finance co-op roles available in the following areas:
Accounting: The Accounting Team leads the month end close processes which facilitates the preparation of the quarterly balance sheet and annual financial statements for Senior Management, Board of Directors and our stakeholders such as the Ministry of Transportation and the Province of Ontario. The Team activities include coordinating the assurance work with external auditors, Accounts Payable, Accounts Receivable, and the General Ledger accounting and analysis, statutory financial reporting ensuring compliance with corporate policies and generally accepted accounting policies (GAAP) and tax compliance.
Capital Cost Accounting: The Capital Cost Accounting team provides enterprise level finance controls for the capital projects portfolio to deliver timely and accurate financial information for reporting and audit purposes. The team ensures capital cost accounting compliance with Public Sector Accounting Standards and focuses on maintaining effective financial review of capital costs.
Revenue & Treasury: The Revenue and Treasury team manages the Banking Operations and revenue accounting for the Metrolinx Enterprise. Activities include cashflow forecasting, revenue recognition, participating in Payments projects, cash management activities, journal entries and reconciliations.
Embedded Finance (Corporate Finance, Payments Finance and Operations – Rapid Transit): The Embedded Finance Team works along side the Business Unit as a trusted business partner and is crucial in advancing the financial strategies, goals and decisions of the Business Unit. Through active involvement, it provides well-informed financial guidance and support to enable the Business Unit to achieve its financial goals. The teams support operating and capital financial portfolios and financial asset management functions. This includes capital budgeting/forecasting, financial reporting and insights to drive effective business decisions, asset classes on memo development, and capital funding strategy development.
Financial Planning:
The FP&A team plays a pivotal role in ensuring the organization’s financial stability and adherence to legislative requirements. Our key responsibilities include:
The Hyperion team manages Oracle Hyperion Planning which is an Enterprise Performance Management planning solution used for the annual five-year operating budget, monthly variance analysis and in-year forecasting.
What will I be doing?
Don’t Meet Every Requirement?
If you’re excited about working with Metrolinx but your past experience doesn’t quite align with every qualification of this posting, we encourage you to apply. You just might be the right candidate for this or other roles. We are always looking for great talent to join our team.
We invite all interested individuals to apply and encourage applications from members of equity-deserving communities, including those who identify as Indigenous, Black, racialized, women, people with disabilities, and people with diverse gender identities, expressions and sexual orientations.
Accommodation:
We value the unique skills and experiences each person brings to Metrolinx and are committed to creating and maintaining an inclusive and accessible environment. We are committed to the requirements of the Accessibility for Ontarians with Disabilities Act so if you require accommodation during the hiring process, please let our Recruitment team know by contacting us at: 416-202-5601 or email Campus Recruitment@metrolinx.com
Application Process
All applicants must be legally entitled to work in Canada. Metrolinx will be using email to communicate with you for all job competitions. It is your responsibility to include an updated email address that is checked daily and accepts emails from unknown users. As we send time sensitive correspondence, we recommend that you check your email regularly. If no response is received, we will assume you are no longer interested in pursuing the opportunity. Please be advised that a Criminal Record Check may be required of the successful candidate. Should it be determined that any background information provided be misleading, inaccurate or incorrect, Metrolinx reserves the right to discontinue with the consideration of your application.
We thank all applicants for their interest, however, only those selected for further consideration will be contacted.
WE ARE AN EQUITABLE AND INCLUSIVE EMPLOYER.
#LI-SC1
Work Location : HYBRID
Contract up to 4 months starting January 2025
Metrolinx is connecting communities across the Greater Golden Horseshoe. Metrolinx operates GO Transit and UP Express, as well as the PRESTO fare payment system. We are also building new and improved rapid transit, including GO Expansion, Light Rail Transit routes, and major expansions to Toronto’s subway system, to get people where they need to go, better, faster, and easier. Metrolinx is an agency of the Government of Ontario.
At Metrolinx, equity, diversity, and inclusion are essential to living our values of serving with passion, thinking forward and playing as a team.
Our Deputy CFO Office is looking for eight (8) CO-OP Students to provide support within the various Finance teams. The CO-OP Students will work with internal and external stakeholders to provide administrative support, create presentations, maintain systems, and recommend improvements to processes.
We have Deputy CFO Office, Finance co-op roles available in the following areas:
- Accounting (1 vacancy)
- Capital Cost Accounting (1 vacancy)
- Revenue & Treasury (1 vacancy)
- Corporate Finance (1 vacancy)
- Financial Planning (1 vacancy)
- Payments Finance (1 vacancy)
- Operations – Rapid Transit (1 vacancy)
- Operations – GO/UP (1 vacancy)
Accounting: The Accounting Team leads the month end close processes which facilitates the preparation of the quarterly balance sheet and annual financial statements for Senior Management, Board of Directors and our stakeholders such as the Ministry of Transportation and the Province of Ontario. The Team activities include coordinating the assurance work with external auditors, Accounts Payable, Accounts Receivable, and the General Ledger accounting and analysis, statutory financial reporting ensuring compliance with corporate policies and generally accepted accounting policies (GAAP) and tax compliance.
Capital Cost Accounting: The Capital Cost Accounting team provides enterprise level finance controls for the capital projects portfolio to deliver timely and accurate financial information for reporting and audit purposes. The team ensures capital cost accounting compliance with Public Sector Accounting Standards and focuses on maintaining effective financial review of capital costs.
Revenue & Treasury: The Revenue and Treasury team manages the Banking Operations and revenue accounting for the Metrolinx Enterprise. Activities include cashflow forecasting, revenue recognition, participating in Payments projects, cash management activities, journal entries and reconciliations.
Embedded Finance (Corporate Finance, Payments Finance and Operations – Rapid Transit): The Embedded Finance Team works along side the Business Unit as a trusted business partner and is crucial in advancing the financial strategies, goals and decisions of the Business Unit. Through active involvement, it provides well-informed financial guidance and support to enable the Business Unit to achieve its financial goals. The teams support operating and capital financial portfolios and financial asset management functions. This includes capital budgeting/forecasting, financial reporting and insights to drive effective business decisions, asset classes on memo development, and capital funding strategy development.
Financial Planning:
The FP&A team plays a pivotal role in ensuring the organization’s financial stability and adherence to legislative requirements. Our key responsibilities include:
- Leading the development of the multi-year operating revenue and expense budget process, essential for securing funding from the government.
- The team is the primary point of contact for the Ministry of Transportation (MTO) on various financial requests, supports the development of monthly financial performance report and quarterly forecasts, report backs and maintains a collaborative relationship with the Ministry to support the budget submission to the Treasury Board.
- Leading the development of Metrolinx’s public facing Annual Business Plan as well as the MD&A of the Annual Report.
- Manage monthly Business Performance Reporting for the organization which measures financial results and key performance indicators vs. target and includes analysis of risks, pressures and mitigation plans; results are presented at SMT monthly
- Leading the quarterly forecasting process for the organization
- Identify financial risks that may impact business performance and propose mitigation strategies
- Conduct sensitivity analyses to assess the impact of various business decisions on financial health
The Hyperion team manages Oracle Hyperion Planning which is an Enterprise Performance Management planning solution used for the annual five-year operating budget, monthly variance analysis and in-year forecasting.
What will I be doing?
- Supports business case financial modeling for various business intake projects and initiatives with a view to monitor and manage costs and inform performance management activities
- Supports ad-hoc deliverables and projects that may involve developing worksheet templates for analyses, updating process documentation/manuals, preparing power point slides, and working with various cross functional teams on initiatives.
- Assist with the preparation of general ledger reconciliations and analysis
- Provides a variety of administrative and/or technical services to support the business
- Help produce daily/weekly/monthly operational documentation and reports, as assigned
- Help and support to staff in a variety of areas, including gathering, inputting, organizing, and interpreting data for reports/presentations/meetings/projects
- Prepare agendas, coordinate, attend, and take minutes for daily technical/operational meetings
- Support gathering audit evidence in the external auditor’s portal
- Assist in the production and formatting of operational documentation
- Maintains and updates electronic and hardcopy filing systems and provides record management services
- Recommends improvements to existing processes and procedures to achieve greater efficiency
- Work with internal and external stakeholders to collect data and respond to inquiries
- Assist with maintenance, development, monitoring and reporting of tools and systems for data analysis
- Develop spreadsheets, forms, and databases to input, track, store and retrieve data
- Preparing reports and other supporting documents such as spread sheets, charts, and graphics.
- Presenting key findings to team members and management as required. Certain travel between downtown offices (in walking distance) may be required
-
- Must be attending school full-time and returning to an academic institution
- Enrolled full-time in Finance, Economics, Accounting or Business at a post-secondary institution and working towards CPA designation
- Must be at least 15 years of age before starting employment
- Previous experience working in Finance is preferred
- Strong written, oral communication and interpersonal skills are required
- Competence in software such as Power BI and Microsoft Office, especially Excel
- Ability to work independently and in a team setting A willingness to learn while being exposed to all aspects of Finance
Don’t Meet Every Requirement?
If you’re excited about working with Metrolinx but your past experience doesn’t quite align with every qualification of this posting, we encourage you to apply. You just might be the right candidate for this or other roles. We are always looking for great talent to join our team.
We invite all interested individuals to apply and encourage applications from members of equity-deserving communities, including those who identify as Indigenous, Black, racialized, women, people with disabilities, and people with diverse gender identities, expressions and sexual orientations.
Accommodation:
We value the unique skills and experiences each person brings to Metrolinx and are committed to creating and maintaining an inclusive and accessible environment. We are committed to the requirements of the Accessibility for Ontarians with Disabilities Act so if you require accommodation during the hiring process, please let our Recruitment team know by contacting us at: 416-202-5601 or email Campus Recruitment@metrolinx.com
Application Process
All applicants must be legally entitled to work in Canada. Metrolinx will be using email to communicate with you for all job competitions. It is your responsibility to include an updated email address that is checked daily and accepts emails from unknown users. As we send time sensitive correspondence, we recommend that you check your email regularly. If no response is received, we will assume you are no longer interested in pursuing the opportunity. Please be advised that a Criminal Record Check may be required of the successful candidate. Should it be determined that any background information provided be misleading, inaccurate or incorrect, Metrolinx reserves the right to discontinue with the consideration of your application.
We thank all applicants for their interest, however, only those selected for further consideration will be contacted.
WE ARE AN EQUITABLE AND INCLUSIVE EMPLOYER.
#LI-SC1
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