Financial Controller

2 weeks ago

Toronto ON, Canada Dean Davidson Full time

Dean Davidson Design Inc. is a well known Canadian jewelry line with a studio based in downtown Toronto. Since launching in 2007, Davidson has become a celebrated designer and his creations have been featured in Vogue, Harper’s Bazaar and InStyle. Today, the collection can be found in over 250 select boutiques and department stores across the globe. Dean Davidson was nominated for Accessory Designer of the Year at the 2016 and 2017 Canadian Arts & Fashion Awards.

The following are the guiding principles that dictate our behaviour and action. All employees are expected to adhere to these principles.

  • Customer Experience:

    Make the experience of buying from DDD easy and enjoyable for both retail and wholesale customers.
  • Expanding Reach:

    Focus on expanding store base as well as online sales.
  • Operational Excellence:

    Continually improve all aspects of operations to improve customer experience and ease/cost of production.
  • Cooperative Culture:

    Continue to place value on a friendly, cooperative workplace.
  • Superior Design:

    Continually strive to create strong design.

Summary:

We are seeking an experienced and detail-oriented Financial Controller to join our team. The Financial Controller will play a critical role in managing all aspects of financial reporting, payroll processing, tax compliance, and overseeing finance-related processes. This is an exciting opportunity to contribute to the financial success and growth of a prestigious brand, ensuring accuracy, efficiency, and adherence to best practices.

Responsibilities:

1. Payroll Management:

  • Oversee and manage the entire payroll process, ensuring timely and accurate salary disbursements;
  • Prepare payrollon a bi-weekly basis, and prepare ROEs as required;
  • Maintain payroll records, process source deductions and payroll taxes, and ensure compliance with employment standards and tax regulations;
  • Collaborate with HR to resolve payroll issues and streamline payroll process.

2. Financial Management:

  • Reconcile bank accounts on a regular basis;
  • Prepare cash flow forecast reports on a weekly basis and communicate with senior management;
  • Prepare bi-weekly payment runs for all outstanding vendor invoices;
  • Manage the integration of accounts receivable portals (Shopify, Cin7) with QuickBooks Online;
  • Process Accounts Receivable deposits and associated reconciliations on a regular basis;
  • Perform month-end closing procedures on a regular basis.

3. Financial Reporting:

  • Prepare monthly, quarterly, and annual financial reports, including balance sheets, profit and loss statements, and cash flow reports.
  • Ensure financial statements are accurate, timely, and in compliance with accounting standards and regulations.
  • Provide management with insightful analysis and recommendations based on financial data.

4. Tax Filings and Compliance:

  • Manage tax filings, including GST, US Taxes and duties, and other government tax filings.
  • Ensure compliance with all local, provincial and federal tax regulations.
  • Coordinate with external tax advisors and auditors to ensure proper documentation and adherence to tax regulations.

5. Finance Process Management:

  • Develop, implement, and monitor internal financial controls to safeguard company assets and ensure process efficiency.
  • Identify opportunities for process improvements and automation in the finance department.
  • Support budgeting and forecasting processes, working closely with the CFO and senior management to set financial targets.

6. Audit and Risk Management:

  • Coordinate with external auditors during financial audits, ensuring compliance with statutory requirements.
  • Identify potential financial risks and develop strategies to mitigate those risks.

7. Team Collaboration:

  • Collaborate with cross-functional teams, including sales, operations, and marketing, to provide financial guidance and support business decisions.
  • Mentor and guide bookkeeper, fostering a culture of accuracy and accountability.

Qualifications:

  • Bachelor’s degree in Finance, Accounting or related field.
  • CPA designation, candidates pursuing CPA will also be considered.
  • 5+ years of experience in a related role, preferably within the luxury retail or jewelry industry.
  • Strong knowledge of QuickBooks Online and expertise with MS Office Suite.
  • Well-versed with RBC Express, banking platform.
  • Strong technical skills with systems like CIN7, LOOP, Shopify.
  • Strong problem-solving, organizational and analytical skills.
  • Excellent attention to detail, analytical mindset, and problem-solving abilities.
  • Excellent verbal and written communication skills.

We are located in Toronto’s trendy Corktown neighborhood with easy access by transit.

This is a full time, permanent, on-site position. Candidates must be eligible to work in Canada.

We thank all applicants for their interest, however only those candidates selected for interviews will be contacted.

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