Revenues Administrator (12-month Contract)
(Hybrid)
The Ontario Pension Board (OPB) administers the Public Service Pension Plan (the PSPP), a major defined benefit pension plan sponsored by the Government of Ontario. With 100,000 members and $31 billion in assets, the PSPP is one of Canada’s largest pension plans. It is also one of the country’s oldest, successfully delivering the pension promise since the early 1920s. Learn more about OPB.
Reporting to the Manager, Finance, the Revenues Administrator is an integral part of the Finance Team and is responsible for delivering accounting services related to the custody and recording of all incoming contributions and other cash from external sources and other pension plans.
Key Responsibilities:
- Administer all cash received for pension plans administered by OPB.
- Maintain receipts sub-ledgers within the finance system, perform daily bank deposits, record journal entries associated with receipt transactions, and update client systems.
- Ensure contributions and receivables are remitted within appropriate timeframes and are not comingled.
- Maintain the inventory of post-dated cheques received from members/pensioners, ensure their timely deposit.
- Prepare contribution reconciliations, age unprocessed buyback receipts including follow up on older items and review the monthly activity of buyback receipts and pensioner recoveries.
- Liaise internally with team members to advise of cash inflow information for cash management functions.
- Handle the incoming exchange of funds between OPB and OPSEU Pension Trust to ensure monies are properly exchanged on a monthly basis.
- Oversee invoice production for employer chargebacks, maintain customer accounts and ensure collection of outstanding invoices.
- Provide analysis of pension contributions from employers by calculating accruals and preparing associated journal entries.
Key Qualifications:
- Demonstrated knowledge and experience with accounting methods, policies and practices through a combination of education and experience.
- Familiarity with client payment systems, including the ability to retrieve accurate and pertinent information when responding to enquiries.
- Understanding of computerized accounting systems (OPB uses Microsoft Dynamics NAV) and Microsoft Office.
- Proven mathematical, analytical and problem-solving skills to perform effective reconciliations and provide technical assistance to ensure information is accurate and complete and resolve problems/issues.
- Understanding of pension contribution requirements.
- Good communication skills (written and verbal) required to effectively liaise with clients and colleagues, both internal and external.
- Ability to work collaboratively in a team environment.
- Results oriented and solution focused, with strong attention to detail and decision-making skills to resolve issues within the requirements of established policies and procedures.
- Ability to exercise sound judgement (prioritizing work and understanding urgency).
Please submit your resume if you are interested in this exciting opportunity.
The competition will remain open until a successful candidate is selected or until the competition is closed.
This competition is open to all employees of OPB and has been advertised on LinkedIn.
OPB is committed to providing accommodation for people with disabilities in its recruitment process.
Please advise OPB if you require an accommodation, and we will work with you to meet your needs.
OPB is committed to fostering a culture of diversity, equity and inclusiveness that reflects the diverse communities we serve.
We welcome and encourage applications from those who may contribute to the further diversification of ideas.
Candidates being considered for this position will be required to submit to a background screening.
We thank all applicants, however only those selected for an interview will be contacted.