Financial Controller

1 month ago


Scarborough, 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 in-depth 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 decision-making.
- Collaborate with the parent company (a US-based 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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