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Financial Assistant, Restricted Accounts
full-timeToronto$76k - $97k

Summary

Location

Toronto

Salary

$76k - $97k (CAD)

Type

full-time

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About this role

Date Posted: 01/26/2026
Req ID: 46711
Faculty/Division: Faculty of Arts & Science
Department: Office of Financial Services
Campus: St. George (Downtown Toronto)
Position Number: 00049935
Existing Vacancy: Yes

 

Description:

 

About us:

The Faculty of Arts & Science is the heart of Canada’s leading university and one of the most comprehensive and diverse academic divisions in the world. The strength of Arts & Science derives from our combined teaching and research excellence in the humanities, sciences and social sciences across 29 departments, seven colleges and 46 interdisciplinary centres, institutes and programs.

We can only realize our mission with the dedication and excellence of engaged staff and faculty. The diversity of opportunities and perspectives within the Faculty reflect the local and global landscape and the need for curiosity, innovative thinking and collaboration. At Arts & Science, we take pride in our legacy of innovation and discovery that has changed the way we think about the world.

The Planning, Budget & Finance Office provides strategic and operational advice on the financial and budget management of the Faculty, as well as internal institutional and Faculty research data and business support services to all of the Faculty’s units. The Office models, plans, and implements the Faculty’s operating budget and provides Faculty-wide support and advice on the management of research, restricted and trust funds; financial analyses and forecasting; strategic planning and budget analysis; policy compliance and develops and delivers finance and business training seminars for A&S academic administrators and administrative staff.

Your opportunity:

Under the general direction of the Senior Financial Officer, Research and Restricted Accounts, the incumbent is responsible for the comprehensive financial administration of restricted trust accounts in the Dean’s Office. This includes ongoing monitoring, accurate recording, timely reconciliation, and financial analysis to ensure the integrity and proper stewardship of restricted funds; ensuring that expenditures and financial activities comply with donor intentions, and the specific terms outlined in funding and gift agreements. The incumbent will collaborate closely with academic departments and units across the Faculty of Arts & Science, providing guidance, support, and financial expertise to facilitate the effective use of funds.

The incumbent in this position will utilize strong analytical, organizational, and communication skills, along with advanced knowledge of accounting principles, financial systems and compliance frameworks.

Through these responsibilities, the incumbent contributes to maintaining accountability, fostering strong relationships with stakeholders, and supporting the strategic priorities of the Faculty.

Your responsibilities will include:

  • Applying the University Guide to Financial Management and other applicable policies, agency and regulatory requirements
  • Monitoring, recording, reconciling and/or reporting on trust accounts
  • Monitoring, recording, reconciling and/or reporting on funding accounts for grants and contracts
  • Verifying that supporting documentation is attached to financial records before processing in FIS
  • Analyzing information and making recommendations to inform budgetary decision making
  • Analyzing processes and recommending changes based on understanding financial priorities
  • Identifying and analyzing data anomalies and discrepancies and taking necessary actions to correct errors
  • Generating standard financial reports and preparing financial summary reports
  • Providing advice and data to support the development of business cases and analytics for departmental and research initiatives
  • Serving as a resource to others by providing (non-supervisory) job-related guidance

 

Essential Qualifications:

  • Bachelor's degree in Commerce, Business Administration, Accounting, or a related discipline or an acceptable combination of education and experience.
  • Minimum three (3) years of related experience with financial accounting in a post-secondary education or research-intensive institution.
  • Highly knowledgeable in the University’s Financial Information System (FIS), Human Resources Information System (HRIS), and My Research Online, or similar financial systems.
  • Demonstrated hands-on experience with large enterprise systems such as SAP (e.g., AMS – RIS, HRIS, FIS) and MROL.
  • Experience applying rules and procedures of the University of Toronto's Guide to Financial Management and the Ontario Broader Public Sector (BPS) Procurement Directive.
  • Experience applying rules and procedures of granting agencies.
  • Demonstrated experience working with and excellent knowledge of the Generally Accepted Accounting Principles (GAAP).
  • Advanced proficiency in Microsoft Office Suite (Word, Excel, Outlook, Access), including complex spreadsheet development and data analysis.
  • Familiarity with Power BI for data visualization and reporting.
  • Excellent understanding of collective agreements and institutional financial policies.
  • Ability to work with complex and/or technical information (e.g. financial statements).
  • Excellent communication (verbal and written) and interpersonal skills.


Assets (Nonessential):

  • Financial experience with the Faculty of Arts and Science.
  • Proficiency in data analytics tools (e.g., Power BI, Tableau).
  • Experience with internal audit processes.
  • Understanding of procurement policies.
  • Excellent understanding of the University of Toronto's collective agreements and institutional financial policies.
  • Experience working in a complex, decentralized organization with multiple stakeholders.
  • Familiarity with process improvement initiatives.


To be successful in this role you will be:

  • Adaptable
  • Diligent
  • Proactive
  • Resourceful
  • Tactful
  • Team player

 

Closing Date: 02/09/2026, 11:59PM ET
Employee Group: USW 
Appointment Type: Budget - Continuing 
Schedule: Full-Time
Pay Scale Group & Hiring Zone:  
USW Pay Band 11 -- $76,577. with an annual step progression to a maximum of $97,928. Pay scale and job class assignment is subject to determination pursuant to the Job Evaluation/Pay Equity Maintenance Protocol. 
Job Category: Finance/Budget/Planning/Audit

 

Lived Experience Statement
Candidates who are members of Indigenous, Black, racialized and 2SLGBTQ+ communities, persons with disabilities, and other equity deserving groups are encouraged to apply, and their lived experience shall be taken into consideration as applicable to the posted position.

Other facts

Tech stack
Financial Accounting,Budget Management,Data Analysis,Communication Skills,Accounting Principles,Financial Systems,Policy Compliance,Analytical Skills,Organizational Skills,Interpersonal Skills,Microsoft Office,Data Visualization,Problem Solving,Stakeholder Engagement,Process Improvement,Grant Management

About University of Toronto

The Department of Leadership, Higher & Adult Education (LHAE) at the Ontario Institute for Studies in Education is a dynamic and inclusive learning community comprised of scholars focused on educational leadership and administration, policy and change, social justice, and community engagement.

Our department considers education broadly, as it occurs inside and outside of formal educational settings. Our courses and programs consider relations between different social settings, such as families, workplaces, local communities, and national and international contexts.

Themes running through our research and teaching include equity and social justice, professional education, policy studies, educational leadership and organizations and adult learning within institutions and settings.

Team size: 51-200 employees
LinkedIn: Visit
Industry: Higher Education

What you'll do

  • The incumbent is responsible for the financial administration of restricted trust accounts, including monitoring, recording, and reconciling financial activities. They will also provide guidance and support to academic departments regarding the effective use of funds.

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Frequently Asked Questions

What does University of Toronto pay for a Financial Assistant, Restricted Accounts?

University of Toronto offers a competitive compensation package for the Financial Assistant, Restricted Accounts role. The salary range is CAD 77k - 98k per year. Apply through Clera to learn more about the full compensation details.

What does a Financial Assistant, Restricted Accounts do at University of Toronto?

As a Financial Assistant, Restricted Accounts at University of Toronto, you will: the incumbent is responsible for the financial administration of restricted trust accounts, including monitoring, recording, and reconciling financial activities. They will also provide guidance and support to academic departments regarding the effective use of funds..

Why join University of Toronto as a Financial Assistant, Restricted Accounts?

University of Toronto is a leading Higher Education company. The Financial Assistant, Restricted Accounts role offers competitive compensation.

Is the Financial Assistant, Restricted Accounts position at University of Toronto remote?

The Financial Assistant, Restricted Accounts position at University of Toronto is based in Toronto, Canada. Contact the company through Clera for specific work arrangement details.

How do I apply for the Financial Assistant, Restricted Accounts position at University of Toronto?

You can apply for the Financial Assistant, Restricted Accounts position at University of Toronto directly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process. You can also learn more about University of Toronto on their website.