Staff Accountant

Posted 3 Days Ago
Be an Early Applicant
Toronto, ON, CAN
Hybrid
Junior
Insurance
The Role
Maintains cashbook records, performs daily and monthly bank reconciliations, investigates discrepancies, records payments and deposits, and supports month-end and year-end close activities. The role coordinates with Accounts Payable and Accounts Receivable teams, prepares audit documentation, performs balance sheet reconciliations and journal entries, assists with regulatory filings, and supports internal controls and process improvements related to cash management.
Summary Generated by Built In
Company Description

At Coface, we make trade happen everyday.

Our 5,200 experts representing 80+ nationalities in 58 countries are united by a shared purpose: helping companies navigate through uncertainty by empowering them to make the right decisions and trade smarter in a complex world.

With nearly 80 years of global experience, we offer companies a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring — all driven by a unique data patrimony, cutting-edge technology, innovation and a deep understanding of the global economy.

Joining Coface means being part of a close-knit international organization, where your ideas matter.  We foster a culture of learning, collaboration and inclusion where you are given responsibilities and can see the impact of your actions.

Shape the future of trade with us. Join our Happeners!

Job Description

Staff Accountant: Responsible for maintaining accurate cashbook records, performing daily and monthly reconciliations, and ensuring all transactions are properly recorded in compliance with company policies and accounting standards. This role supports timely financial reporting and contributes to internal controls over cash management.

Key Responsibilities:

  • Perform daily cashbook entries and ensure accuracy of all cash transactions.
  • Reconcile bank statements and cashbook balances on a regular basis (daily, weekly, monthly).
  • Investigate and resolve discrepancies between cashbook and bank records promptly.
  • Monitor and record incoming and outgoing payments, including checks, wire transfers, and electronic payments.
  • Prepare and maintain supporting documentation for reconciliations and audit purposes.
  • Assist with month-end and year-end closing activities, ensuring cash-related accounts are accurate.
  • Collaborate with Accounts Payable and Accounts Receivable teams to ensure proper cash application.
  • Reach out to AR/AP SSC teams daily to confirm deposits and payments are completed, as these feed directly into the bank reconciliation process.
  • Monitor outgoing payments and incoming deposits; if any issues are identified, engage with AP or AR teams to ensure timely bookings.
  • The only bookings this role will perform are for investment income and bank charges (including any additional bank fees).
  • Maintain compliance with internal controls and company policies related to cash handling.
  • Support external and internal audits by providing reconciliation reports and documentation.
  • Identify process improvement opportunities to enhance efficiency and accuracy in cash management.
  • Assisting with regulatory filing
  • Balance sheet reconciliations, as well as booking of journal entries.

Qualifications

Qualifications & Skills

  • Bachelor’s degree in Accounting, Finance, or related field (required). 
  • 0–3 years of GL or corporate accounting experience; insurance or financial services experience is a plus. 
  • Strong understanding of US GAAP and standard accounting practices. 
  • Proficiency with Excel (pivot tables, lookups, reconciliations). 
  • Experience with ERP/GL systems (SAP, Oracle, Microsoft Dynamics, or similar). 

Additional Information

Core Competencies 

  • Attention to Detail: Ability to produce accurate and complete workpapers. 
  • Analytical Thinking: Ability to investigate issues and explain account fluctuations. 
  • Accountability: Meets deadlines consistently and communicates delays or risks early. 
  • Communication: Ability to clearly present findings to management and auditors. 
  • Collaboration: Works effectively with peers, SSC teams, and Finance leadership. 
  • Continuous Improvement: Looks for automation and simplification opportunities. 

 

Skills Required

  • Bachelor’s degree in Accounting, Finance, or a related field
  • 0–3 years of general ledger or corporate accounting experience
  • Strong understanding of US GAAP and standard accounting practices
  • Proficiency with Microsoft Excel, including pivot tables, lookups, and reconciliations
  • Experience with ERP or general ledger systems such as SAP, Oracle, or Microsoft Dynamics
  • Insurance or financial services experience
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The Company
HQ: Bois-Colombes
5,637 Employees

What We Do

With over 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance & risk management, and a recognized provider of Factoring, Debt Collection, Single Risk insurance, Bonding, and Information Services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients in 100 countries build successful, growing, and dynamic businesses. With Coface’s insight and advice, these companies can make informed decisions. The Group' solutions strengthen their ability to sell by providing them with reliable information on their commercial partners and protecting them against non-payment risks, both domestically and for export. In 2023, Coface employed ~4,970 people and registered a turnover of €1.868 billion.

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