Financial Controller

2 weeks ago


Scarborough Village, Ontario, Canada Wilson Tool Canada Full time

Key Responsibilities:

Daily Tasks:

  • Check bank statements online daily for unusual activity and prepare a list for Long of any EFTs or wires that have come in overnight.
  • Review salesmen expenses regularly for compliance and accuracy.
  • Monitor and address any immediate financial concerns or anomalies.

Monthly Tasks:

  • Prepare monthly Bank Reconciliations to ensure accurate financial records.
  • Create Journal Entries, Monthly, and Yearly Financial Statements, conducting indepth analyses, including commentary, and reports.
  • Assist in Budgeting processes to help with financial planning.
  • Provide backup for invoicing, Accounts Receivable (A/R), and Accounts Payable (A/P) when staff are on vacation or ill.
  • Manage online payments, including Income tax installments/payments, GST/HST remittances, and utilities.
  • Handle EFTs (Cdn) and Wires (US) into the banking platform for payment and prepare any US$ manual cheques as required.
  • Review broker invoices for accuracy and proper allocation.
  • Prepare monthly financial analysis, including commentary, on the statements and present it to the General Manager for strategic decisionmaking.
  • Collaborate with the parent company (a USbased company) monthly to review the monthly financials, including cash flow.
  • Oversee payroll processing, including calculation of employee salaries, deductions, and compliance with payroll regulations.
  • Execute daily cash management activities, such as initiating wire transfers, monitoring bank accounts, and reconciling cash balances.
  • Ensure compliance with all relevant financial regulations and reporting requirements

Minimum Requirements:

  • A bachelor's degree in accounting from a Canadian University or College
  • Professional designation in Canada useful but not required.

Benefits:

  • Dental care
  • Disability insurance
  • Extended health care
  • Life insurance
  • Profit sharing

Schedule:

  • Monday to Friday

Education:

  • Bachelor's Degree (preferred)

Work Location:
In person
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