The Department of Finance is committed to Equity, Diversity, Inclusion and Accessibility. Our goal is to build a public sector workforce that reflects the diverse communities we serve and to promote welcoming, diverse, inclusive, respectful workplaces that are accessible to all. We welcome all interested individuals including Indigenous People, persons with disabilities, Black, racialized, ethnic and culturally diverse groups, as well as people regardless of their sexual orientation, gender identities, and gender expressions. Those looking for more information are invited to visit our Equity, Diversity, and Inclusion Policy.
This role is primarily responsible for maintaining and reporting on the general ledger accounts for each pension plan, with the objective of drafting accurate financial statements and note disclosures in accordance with the CPA Handbook and Public Sector Accounting Standards (PSAS). The position supports the Manager of Accounting and Pension Payroll in preparing working papers, journal entries, and note disclosures for all registered and non-registered pension plans, as well as other post-employment benefit programs for inclusion in Public Accounts.
Additionally, the role assists senior accounting staff in providing financial statement support and Public Accounts benefit expense details to auditors and the Comptroller’s Office. Responsibilities also include coordinating employer billings for participating pension plans and managing the generation and recording of monthly pension payrolls.
Duties will include but are not limited to:
- Pension Plan Accounting
- Draft the annual financial statements of each of the pension plans.
- Prepare working papers to reconcile accounts to the general ledger.
- Determine proper classification of revenues, expenses, assets and liabilities.
- Prepare schedules to support financial statement disclosures.
- Determine the amounts payable/receivable at the plans’ year end.
- Prepare supporting accounts payable/receivable working papers.
- Prepare and post journal entries to the ORACLE FIS system.
- Assess Accounts Payable schedule to ensure that all payments still owing by each pension plan are being paid on a timely basis.
- EB Vote and Section 0114 Accounting
- Prepare working papers required by the actuary used to prepare the annual accounting valuation of the pension plans and the tri-annual valuation of other post employment benefits (OPEBs).
- Prepare valuation data for completeness and reasonableness consistent with the benefit program details.
- Prepare and/or peer review the benefit expense calculations of the pension plans and OPEBs (current service cost, amortization and interest) and liabilities for use in the preparation of the base budget, quarterly forecasts and year end Public Accounts.
- Pension Payroll Control
- Download and input benefit deduction files from PSGIP service provider to generate the pension payroll in the ARIEL Payroll System.
- Ensure all manual changes are made in the Ariel Payroll System for the following: tax deductions, garnishees address changes, tax setting changes, payment reversals and replacement payments.
- Generate Pension Payroll which calculates the gross amounts, tax amounts and applies the deductions in order to determine the net pension payroll. Validate the results and address any discrepancies identified.
Minimum Qualifications:
- Post secondary degree in commerce or business administration.
- Considerable experience in accounting including preparation of financial statements, preparation of AR and AP schedules and reconciliation of accounts.
- Experience working in a highly regulated environment.
- Demonstrated equivalencies will be considered.
- A professional accounting designation will be an asset.
- Knowledge of the provisions of each pension plan administered by the section.
- Strong analytical skills, deductive reasoning skills and problem-solving ability.
- Strong Microsoft Excel skills.
- Ability to work independently and with self-initiative.
- Excellent time management and organizational skills.
- Ability to work under extensive timelines.
Other Qualifications:
- Completion of Pension Plan Administration Certificate (PPAC) courses an asset.
- Knowledge of Public Sector Accounting Board (PSAB) guidelines will be an asset.
- Knowledge of the Income Tax Act governing RRSP, pensions and deferred salary leave program will be an asset.
- Knowledge of pension accounting would be an asset
This position may be filled to fill future vacancies
Please Note: Please ensure the application clearly demonstrates how you meet the noted qualifications as applicants will be screened based on the information provided. We would like to thank all applicants for their interest; however, only those who are selected for an interview will be contacted.Where possible, submitting an electronic resume or job application is preferred. Otherwise, please return forms to PEI Public Service Commission, P.O. Box 2000, Charlottetown, Prince Edward Island, C1A 7N8. Applications may be sent by fax to (902) 368-4383. IT IS THE RESPONSIBILITY OF THE APPLICANT TO CONFIRM RECEIPT OF THE APPLICATION, BY TELEPHONE OR IN PERSON PRIOR TO THE CLOSING DATE. Please ensure that the appropriate Posting ID number is stated on all application forms. You can apply online or obtain an application form by visiting our web site at www.jobspei.ca. Forms may also be obtained by contacting any PEI Government office, ACCESS PEI Centre, Regional Services Centre, or by telephone (902) 368-4080.
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