Controller- Head Office Accounting

Overview:

Manages the daily operation of the Head Office Accounting department. Provides leadership and professional development to the team to fulfill departmental and company objectives. Provides financial services, including fixed assets, treasury, taxation, SOX, Leases, Pension Plan and supports management with audit functions. Prepares accurate and timely financial statements, develops, analyzes, and interprets statistical and accounting information to ensure profitability, capital expenditures, and performance against budget are within established guidelines. Prepares monitors and maintains policies and work instructions to ensure adherence to financial and audit requirements as they pertain to the HOA finance function. Responsible for safeguarding the knowledge of confidential information and protects PCI against external and internal fraud. Participates as a subject matter expert, or participant in special projects or on committees as required.

Please note this is a full-time opportunity.

This is a hybrid role. Office based work will be performed from our Mississauga Office at Ambler Drive.

Responsibilities:

• Oversees Shared Services (Head Office Division) accounting and financial reporting activities.
• Reviews head office departments purchase orders, payment approvals, employee expenses against business plan and approves them within limits of document approval chart. Prepares head office departments financial review package, reconciliations and analysis of profit and loss and balance sheet reports for management review.
• Tracks shared service department spend (vs budget) monthly, reconciles & investigates differences and works with department leads in explanation of variances and cost control.
• Approves journal entries and account reconciliations prepared by direct reports. In charge with HOD annual SOX activities. Coordinates and responsible for PCI's Payroll accounting administration as provided by HR. Assumes the role of the window person for PCI payroll accounting, collaborating with PNA and internal stakeholders as needed.
• Responsible for the company's Lease accounting GAAP and IFRS monthly transactions, depreciations, and any other requirements. Coordinates with various stakeholders, acts as a subject-matter expert and keeps up to date with current accounting trends and practices related to Leases.
• Responsible for the company's annual Pension Plan accounting GAAP and IFRS and any other reporting requirements.
• Part of the team in charge with the month end closing procedures for PCI ensuring accuracy and appropriateness of accruals booked during the month.
• Oversees all tax related tasks for the company (income taxes, withholding taxes, sales taxes). Assists with the preparation of federal and provincial tax returns related to income and commodity tax on behalf of PCI. Assists with the preparation of the transfer pricing documentation in accordance with transfer pricing rules. Oversees any taxation audits. Coordinates income tax return activities with third party consultants on behalf of expatriate employees.
• In charge with PCI's Dividend calculation, reconciliation, and timely remittance.
• Oversees the calculation, reconciliation, and timely submission of the company's Brand License Fees. Acts as a window person and subject-matter expert.
• Coordinates budget activities with staff and department management to prepare Shared Services annual budget for PL, Balance Sheet, and Cash Flow. Reviews budget details and anomalies with senior management and department managers to determine appropriateness of department recommendations. Communicates and distributes the approved business plans to the department managers, providing information on items excluded from the plan. Prepares the budget for Leases and Pension Plan.
• Participates in the PCI budget reports consolidation and timely submission. Ensures accuracy of HOD submissions and consistency between various reports. Prepares HOD Shared Services allocation to divisions including the RCO company (PCOCA): collects relevant information, reviews allocation methodology and proposes, updates as needed, ensures accuracy, collaborates with the divisional Controllers for correct consolidation. Reviews design and preparation procedures for the budget and recommends improvement measures when necessary to increase efficiency and consistency amongst business units.
• Oversees the administration of the fixed assets. Sets depreciation schedules, approves acquisition, disposal, and transfer of fixed assets. Oversees annual physical count, assesses the adherence to the company's policy, proposes and formulates updates as needed and resolves escalated issues.
• Oversees the company's warranty reserve annual review and preparation.
• Monitors foreign exchange requirements, makes recommendations on purchase or sale of currencies to meet forecasted demand.
• Oversees daily banking activities, cash management reporting, ensures cash is protected against fraudulent activities, makes recommendations for investments, and maintains positive relationship with PCI's financial institutions.
• Mentors, guides, and coaches staff and ensures staff development that is consistent with the company objectives. Ensures continuity of function by cross-training staff as required. Participates in hiring, dismissal, performance evaluation, and the resolution of other staff issues. Establishes priorities, as re-assigns staff as required. Ensures adherence to corporate employment equity objectives.
• Recommends and implements continuous process improvements and procedures by re-engineering them to ensure they meet with changing business environment to obtain maximum efficiency and lowest cost to the organization. Leads testing, implementation and documentation activities on new projects as assigned by senior management. Identifies areas of risk, recommends appropriate action to ensure smooth and successful implementation of projects. Prepares training materials and delivers training to users as appropriate.
• Reviews, interprets, and recommends changes to finance policy and procedures to ensure practices are consistent with policy, and in compliance with SOX, GAAP, other legal and legislative requirements, and that activities are within budget guidelines and consistent with the business plan.

Qualifications:

• BS or BA degree with accounting specialization.
• CA, CPA or CGA/CMA is required with 10 years previous related work and supervisory experience.
• Extensive experience with Excel - understand and create macros, multiple complex spreadsheets.
• 4+ years’ experience using SAP FI/GL and AP modules.
• Good familiarity with other Microsoft Office products such as Outlook, PowerPoint and Word programs.
• Possess strong organizational skills, problem solving skills and critical thinking skills.
• Attention to detail that is balanced with broad long-term perspective of unit functions. Requires sound knowledge, and effective research capabilities relating to financial accounting and GAAP principles.
• Day to Day duties include review and approval of staff submissions where clear alternatives, accepted accounting practices and procedures exist.
• More complex problem-solving capabilities are required for macro level reconciliation functions and in special project involvement where areas of risk need to be identified, evaluated and appropriate corrective action is recommended to management, and the recommendation of changes to policy and procedures.
• Regular duties involve the exchanging of information and establishing and maintaining an effective rapport with cost center and other management representatives.
• Responsibilities associated with budgets, special projects require a refined degree of written and verbal capabilities to articulate information, identify areas of conflict/change and ability to appropriately influence staff and management to accept appropriate resolutions.
• Solid written skills required when developing and maintaining SOX documentation for a broad audience of system users. May communicate detailed financial information to the executive level. Some communication is sensitive in nature and requires confidentiality to be maintained across groups.

Benefits & Perks - What's in it for you:

Panasonic Canada prioritizes total wellbeing. We offer a wide variety of benefits and programs to support your physical, emotional, financial, social, and environmental health.

• Comprehensive Medical, Dental and Vision Coverage with a Health Spending Account
• Panasonic Retirement Pension Plan (RPP/DCPP)
• Group Retirement Savings Plan (RSP)
• Generous Parental Leave Top Up
• Education Assistance Program/ Tuition Reimbursement
• Employee Purchase Program
• Employee & Family Assistance Program (EFAP)
• Competitive Rates on Home and Auto Insurance
• Employee Volunteer Program – Paid Time Off for Volunteer Days
• Onsite Events
• And many more benefits & perks

Hybrid Work Model:

Panasonic Canada Inc. supports a hybrid work model. We understand that flexibility is essential for employees to do their best work while also balancing personal and life needs. Employees can expect to be in the office for a variable number of days per week based on the needs of the business unit, while having the ability to also work remote.

Panasonic Canada Inc. offers a Flexible Work Options policy which includes the ability to work remote, mobile, and create a compressed work schedule.

Who We Are:

Panasonic Canada Inc., a subsidiary of Panasonic Corporation of North America, is a leading provider of Consumer Lifestyle technologies, as well as innovative Smart Mobility, Sustainable Energy, Immersive Experiences, and Integrated Supply Chain solutions for its business and government clients.

At Panasonic Canada, we do more than just offer great products and solutions. We pride ourselves in promoting gender and culture equality, as well as encouraging personal growth and success to elevate our 350+ employees to their full potential. Their passion has been one of the driving forces behind our success for more than 100 years.

How to Apply:

Please include a PDF copy of your current resume.

Diversity, Equity and Inclusion at Panasonic Canada Inc.

In order to drive our business to continued heights, our business practices and our contribution to society must be rooted in diversity, equity, and inclusion. We foster an environment in which everyone is able to share their voice and talents, in a safe space, where they have the opportunity and resources to fully realize their potential. We are therefore committed to developing and realizing programs, tools and processes that ensure a diverse, equitable and inclusive environment for our employees.

AODA Policy:

Panasonic Canada Inc. has an accommodation process in place and provides accommodations for job applicants with disabilities as appropriate. Assessment and selection materials and procedures can be made available in accessible formats and methods as appropriate. If you require a specific accommodation because of disability or medical need, please let us know when selected to take part in our recruitment process so that reasonable arrangements can be made for the appropriate accommodations to be in place as you move through our process.

Only candidates selected for an interview will be contacted.

We thank you for your interest in working for Panasonic Canada Inc.

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