ANCASTER, Ontario , L9K1J4
Position Summary: Reporting to the Assistant Director, Financial Services, the General Accountant (GA) is responsible for tasks associated with the administration of Redeemer University College’s RRSP/RRIF Portfolio, entering cash receipts into the accounting system, reconciling accounts receivables monthly, reconciling donations recorded in Colleague/Blackbaud, and coordinating the financial administration of all fixed assets.
Description of Responsibilities and Duties:
Enter deposits, withdrawals, transfers in or out and interest when accounts are closed throughout the month into the RRSP program.
Compare the RRSP/RRIF database to the accounting system for accuracy at month end and reconcile to the General Ledger.
Prepare a RRSP /RRIF summary of contracts and transactions listing of RRSP/RRIF holders at month end and provide report to the Financial Services Director.
Calculate and submit Withholding Tax monthly and forward to Accounts Payable Clerk for payment.
Enter the monthly RRSP/RRIF deposits and withdrawals into a spreadsheet and balance the accounts.
Calculate RRIF payments on a monthly basis for the Accounts Payable Clerk.
Calculate semi-annual payment of interest on RRSP bonds and non-RRSP bonds.
Prepare official tax contribution receipts from the 60th day of the year to December 31 and from January 1 to March 1.
Calculate withdrawal amounts from the RRSP portfolio for the calendar year for T4RIF, T4RSP.
Prepare T4RIF and T4RSP annually, mail to clients and submit to Canada Revenue Agency (CRA).
Review updates from the Trustee, Concentra Financial and from CRA in relation to RRSP and RRIF.
Calculate manual interest on accounts that are transferred or withdrawn from RRSP and RRIF accounts.
Track client activity on spreadsheet in preparation for reconciliation for semi-annual earnings at the prescribed interest rate.
Recalculate the annual minimum requirements for the RRIF holders for the current year.
Prepare annually a new contract list for RRSP/RRIF with account reconciliation for the calendar year.
Prepare adjusting journal entries as required.
Reconcile monthly Accounts Receivables and balance to the General Ledger.
Reconcile monthly Colleague/Black Baud donations
Enter deposits into Colleague and assist General Accounts clerk with deposits during peak periods and holidays.
Fixed and Minor Assets
Locate and tag fixed assets, file invoices with tag numbers, and enter tag numbers and pertinent information into Colleague Fixed Asset module.
Balance Fixed Assets to General Ledger accounts.
Train and supervise student employee, and prepare annual Tax Forms.
Qualifications, Skills, and Other Requirements:
A relevant Community College diploma with bookkeeping work experience
Familiarity with tax reporting requirements and basic understanding of RRSPs and RRIFs.
Ability to communicate effectively, both orally and in writing.
Demonstrated ability to identify with the faith-based mission of Redeemer University College through understanding and personal commitment
Applicants are requested to email their application materials and include a statement that articulates their faith perspective and its relation to the mission of Redeemer University College. A range of qualifications are evaluated including distinguishing characteristics that demonstrate congruence with Redeemer’s identity as a university in the protestant and Reformed Christian tradition. Only applicants selected for an interview will be contacted. Applications will be considered until the position is filled. Accommodations are available on request for candidates taking part in all aspects of the selection process.
Posted Under: Accounting / Finance
Career ID: [ 5632 ]