Financial Operations Manager

2 weeks ago

London, Ontario, Canada York Property Management Full time
About York Property Management

We are a property management company that manages over 4,000 residential apartment suites in Southwestern Ontario. Our mission is to provide our residents with quality service and a comfortable living experience while being environmentally conscious.

Job DescriptionFinancial Controller

The Financial Controller will oversee the full-cycle accounting operations and provide leadership to the accounting team. This role involves ensuring financial controls, compliance, and managing cash flow efficiently and accurately.

Key Responsibilities
  • Provide leadership and support to the Accounting Team.
  • Supervise accounting processes and staff to meet objectives.
  • Oversee accounts payable, accounts receivable, and operations in all accounting activities.
  • Assess current accounting operations, recommend improvements, and implement new processes.
  • Ensure appropriate cash flow for organizational operations.
  • Reduce financial risks by implementing strong internal controls.
  • Complete journal entries, reconciliations, and account analysis.
  • Perform month-end and year-end close procedures, including inter-company transactions.
  • Ensure all reserves, write-offs, and accruals are timely and appropriate.
Financial Reporting & Budgeting
  • Work with executives to create annual budgets and track actual expenses against projections.
  • Optimize cash flow management to ensure adequate liquidity for operations.
  • Prepare monthly, quarterly, and annual financial reporting packages.
  • Prepare balance sheets, cash flow reports, and income statements.
  • Compile general ledger entries on a short schedule with 100% accuracy.
Regulatory Compliance & Taxation
  • Register company and affiliates for CRA program accounts (GST/HST, Payroll, etc.).
  • Represent the company in discussions with CRA regarding tax matters.
  • Prepare government remittances (GST, payroll, source deductions, WSIB).
  • Ensure compliance with all tax regulations by staying updated on changes.
  • Manage tax compliance, filing, and reporting requirements and liaise with tax consultants to analyze tax treatment.
Payroll
  • Process full-cycle biweekly payroll for salary and hourly employees.
  • Collaborate with HR to integrate benefits administration into payroll.
  • Maintain confidentiality of payroll records and employee information.
  • Ensure compliance with labor laws and tax regulations for payroll.
  • Perform payroll reconciliations and year-end tasks, including T4 and T4A processing.
Banking, Treasury & Cash Management
  • Manage treasury functions, including cash flow and bank reconciliations.
  • Ensure all liabilities are met in a timely manner.
  • Perform reconciliations for bank accounts, credit cards, and intercompany transactions.
  • Reconcile intercompany accounts, including due to/from shareholders.
  • Liaise with lawyers and bank personnel to maintain relationships.
Core Competencies, Skills, and Expectations
  • The employee must exhibit and demonstrate the following Core Competencies:
  • Financial Management & Strategic Thinking
  • Leadership & Team Management
  • Risk Management & Compliance
  • Continuous Process Improvement
  • Analytical & Problem Solving skills
  • Attention to Detail
  • Communication & Collaboration

The ideal candidate will possess expertise in financial reporting, budgeting, and cash flow management, as well as a strong understanding of accounting principles and full-cycle accounting. Strong analytical, problem-solving, and decision-making skills are essential, along with excellent leadership, communication, and team management abilities.

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