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Controller / Manager Finance And Accounting

Company:
CONFIDENTIAL
Location:
Toronto, Ontario, Canada
Posted:
November 21, 2016
Description:

Job Title: Controller /Accounting Manager

Reports to: President

Responsible for directing, leading and managing the Treasury & Cash Management, Accounting and Administrative functions of the company including, analysis, budgeting, forecasting and the preparation of accurate and timely financial reports.

Duties and Responsibilities:

Treasury & Cash Management

- Responsible for overall treasury/bookkeeping function and all accounting operations, including the administration and review of all journal entries, accounts payable, accounts receivable, statutory reporting and foreign exchange transactions.

Supervise/coordinate with the sr accounting assistant / accountant whose duties include:

• Verifying invoices, credits and adjustments.

• Entering basic information into the integrated ERP / accounting system and making some journal entries.

• Following up on AR collections via emails and calls.

• Performing weekly/monthly cheque runs.

Supervise/coordinate with the bookkeeper whose duties include:

• Processing payroll on a bi-weekly basis

• Granting and tracking vacation.

• Processing petty cash, expenses and credit card payments.

• Processing payables and analyzing expenses.

• Managing bank deposits.

• Review and maintain chart of accounts to ensure appropriate categorization of entries so that we can conduct meaningful financial analysis of operational performance at month and year end.

- Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.

- Perform and review GL account and bank account reconciliations; and manage/optimize cash flow by balancing the timing of AR collection and AP payments.

Accounting:

- Responsible for the preparation of monthly financial statements within 15 days of month-end. --- Sales to be reported within a day or two of month end.

- Statements, including inventory recognition, should be appropriate for the users and in accordance with generally accepted accounting principles (GAAP).

- Facilitate and be responsible for the annual external financial review process with external accountants to prepare year-end review financial statements.

- Complete accurate and timely annual external reporting to financial institutions, ensuring all reporting requirements are met – currently only reviewed statements within 120 days of year end.

- Ensure all statutory requirements of the organization are met including filing and submitting Withholding Payments, Income Taxes, HST, etc.

- Prepare all supporting information for authorized entities such as the Canadian Revenue Agency, Worker’s Compensation Board, Stewardship Ontario, etc.

- Responsible for working with Operations and IT to plan for, manage and execute successful bi-annual inventory counts and monthly inventory counts of finished goods.

Financial Analysis:

- Work with the President to develop and maintain a detailed monthly and annual forecast, including income statement, balance sheet and cash flow.

- A first draft exists with historical data and forecast data by month.

- Review monthly results and implement monthly variance reporting as compared to budget/forecast.

- Assist production and design team with the preparation of costing for new products with the help of a summer intern.

- Other financial analysis as required/appropriate per the business requirements.

Policies & Procedures:

- Work with the President to develop and implement policies and procedures as required to ensure personnel and financial information is secure and proper internal controls are in place.

- Establish and monitor internal controls to ensure that accounting activities are in accordance with established legal, regulatory and company policies and procedures.

- Creating a clear guideline to follow for inventory counts and controls.

- Enhance and continuously improve the reporting process, as appropriate.

- Participate as a member of the Senior Management Team of the Company and provide advice to support the decision-making process.

Administration:

- Manage the company benefits plan.

- Manage the General and Vehicle insurance process.

- Manage contracts with third party service providers (document storage, maintenance, internet, etc.)

- Other relevant duties as appropriate per business requirements.

Qualifications:

• Post-secondary education and Accounting designation.

• Small business / hands on accounting experience (actually making journal entries, preparing statements, treasury management (AR Collection, AP Processing, etc).

• Advanced experience with MS Excel and Word.

• Good communication skills (written and oral).

• Strong organizational skills and ability to prioritize in a fast paced environment with quickly changing priorities.

• Confident, team player who puts the Company first and is capable of working with minimal supervision.

• Positive, can-do attitude, someone who is excited to become a key player in helping to steer and manage a quickly growing company with tons of potential.

Please submit your resume in word format with salary expectations to bo4ufm@job2r.com