Financial Compliance Officer - The BAO

What are we looking for? 

We are looking for a Financial Compliance Officer to provide expert accounting and financial advice in support of compliance issues through the financial analysis of accounting methods and procedures. This role will report directly to the Manager, Financial Compliance. Candidates will bring experience as a financial analyst, trust accountant, and/or auditor. This position is well-suited for a recent graduate from an accounting or finance program. 

If this sounds like a fit, we want to hear from you!

Responsibilities 

• Proactively conducts comprehensive review of annually submitted licenses licensure reports, financial statement, and audit/review engagement reports to ensure the appropriateness of reporting methods and practices.  Confirm trust account investments are in compliance with the legislation regarding care and maintenance, prepaid trust money, trust accounts and trust funds.   
• Performs risk assessments and conducts the inspection and investigation on identified red flags of violations of regulations and/or complaints.  Exercises professional judgement and determines whether a licensee has contravened or failed to comply with regulations and reports on the conduct and activities of licensee. 
• Prepares financial review, arrange exhibits (e.g. accounting records, correspondence, agreements, inspection/investigation reports of finding) and provides recommendations for the applications of license conditions, discipline, including revocation of licenses, and/or prosecution. 
• Assists senior management in the review and assessment of complaints and non-compliance issues. 
• Assists with follow up to ensure corrective action has been taken in compliance and discipline matters as determined by the Registrar, in conjunction with senior managers and prepares complaints and discipline matters.   
• Makes recommendations to senior management and the Registrar on appropriate action to be taken in cases of non-compliance, suspected fraudulent activity requiring further investigation and follows up on financial audits.   

• Assists Legal Counsel in the preparation and material for legal proceedings and giving expert evidence when required.   
• Provides input, analysis, interpretation and other expertise to support inspections and investigations conducted by inspectors and in support of licensing operations. 
• Examines financial reports submitted by licensees to ensure completeness, certification and compliance to statutory requirements. 
• Interacts with trustees of licensee establishment funds and provides information, advice and assistance to the Registrar, Solicitors, Accountants and Cemetery/funeral establishment operators on legislated requirements under mandated regulations. 
• Provides advice and recommendations regarding conditions to place on a license based on analysis of trust accounts and funds. 
• Reviews trust fund transfer requests for appropriateness and completion as required by regulation and the Registrar. 
• Responds to inquiries and provides education and support to stakeholders regarding trust accounts, funds and related matters including the interpretation and application of relevant regulations 

What will you bring? 

• Post-secondary education in accounting or finance 
• Excellent understanding of current financial investment methods 
• Excellent written and oral communication skills 
• Ability to be detail oriented and work in a fast-paced environment. 
• Strong technical/database proficiency, with a focus on extracting data and data integrity 
• Advanced proficiency using MS Excel 
• Experience managing trust accounts is an asset 

• Experience as a financial analyst, trust accountant and/or audit experience  
• Knowledge of CSAE 3530-3531 Canadian Standard on Assurance Engagements - Compliance Reporting 

About BAO

The Bereavement Authority of Ontario (BAO) is a government delegated authority administering provisions of the Funeral, Burial and Cremation Services Act, 2002 (FBCSA) on behalf of the Ministry of Public and Business Service Delivery (formerly the Ministry of Government and Consumer Services). Responsible for protection of the public interest, the BAO regulates and supports licensed: funeral establishment operators, directors and preplanners; cemetery, crematorium and alternative disposition operators; transfer service operators; and bereavement sector sales representatives across Ontario. The BAO is wholly funded by licensee fees (not tax dollars).

The BAO offers a casual work environment, flexible work hours, and a competitive compensation and benefits package. The BAO is an equal opportunity employer and committed to fostering an accessible and inclusive environment for employees and licensees. If you require any accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let our HR department know and we will work with you to meet your needs.

The BAO has a COVID-19 vaccination policy that requires all staff be fully vaccinated by a Health Canada approved COVID-19 vaccine or undergo regular testing. Individuals with valid medical or other human rights-based exemptions will be considered for appropriate accommodation within the policy.

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