Financial Operations Manager

7 days ago

Vaughan, Ontario, Canada Sherwood Electromotion Inc Full time

At Sherwood Electromotion Inc, we are seeking an experienced Financial Operations Manager to join our team. The successful candidate will work closely with the Financial Controller to provide accurate information to the Board of Directors, including analysis, budgeting, forecasting, and preparing financial reports.

Duties & Responsibilities

  • Assist the Financial Controller in managing the accounting operations, including reviewing journal entries, payroll, accounts payable, accounts receivable, and statutory reporting.
  • Establish and monitor internal controls to ensure that accounting activities follow established legal, regulatory, and company policies and procedures.
  • Prepare, analyze, and present monthly, quarterly, and annual operating results for each department.
  • Work with the Financial Controller and operations to define, measure, analyze, improve, and control current processes that impact customer quality and influence internal operating efficiency.
  • Provide strategic analysis as required to drive improved decision-making.
  • Work with external auditors, audit committee, and Board of Directors.
  • Prepare and present financial information for quarterly and annual reports.
  • Assist with the management of foreign exchange transactions.
  • Aid the Financial Controller in managing the research and development program for CRA and accounting requirements.
  • Work with the sales team on product pricing, costing, and margins.
  • Responsible for the accuracy and timeliness of financial information.
  • Implement and manage internal controls respecting financial policies, processes, and procedures.
  • Provide advice and guidance on all accounting matters, including financial systems, record keeping, analysis, and reporting.
  • Assist the Financial Controller in setting the priorities within the accounting group.
  • Coordinate the year-end audit and preparation of audited financial statements.
  • Coordinate all other customer and government audits.
  • Responsible for preparing monthly financial statements and external reporting to financial institutions, ensuring all reporting requirements are met.
  • Responsible for all other financial reporting to various companies and agencies (Bank, Insurance, Stats Can, etc.).
  • Generate reports of performance against budgets.
  • Support new systems or project selections and implement them from a strategic finance and internal control perspective.
  • Ensure rapid and consistent collection of receivables by refining and implementing control mechanisms.
  • Assign and authorize cheques, purchase orders, and invoices.
  • Work with the Financial Controller to promote and maintain positive corporate relations with the financial community, formulating accounting policies, procedures, and controls.
  • Hiring, training, mentoring, and supervising accounting staff.
  • Other related duties and required or assigned.

Qualifications & Requirements

  • Bachelor's Degree in Business/Accounting, with an advanced degree or professional or close to earning accounting designation (such as CA, CPA, CGA, CMA) preferred.
  • Extensive experience and knowledge of all corporate accounting and financial management aspects. Thorough knowledge of all relevant Federal, Provincial, and local requirements regarding financial records, pension, profit sharing, and the like is essential.
  • Proficient communication, interpersonal, and organizational skills are vital to the role.
  • Experience overseeing audits performed by external audit firms.
  • Financial analysis, budgeting, and some strategic planning experience.
  • Knowledge of accounting principles, practices, and applications, budget preparation, and analysis techniques.
  • Advanced knowledge of MS Office and Excel; ability to adapt to and learn new software.
  • Knowledge of publicly traded companies.
  • Good project management skills and the ability to motivate teams to produce quality work within tight timeframes.
  • Professional written and verbal communication skills.
  • Good problem-solving skills and the ability to make the necessary decisions to move the work forward.
  • Knowledge of ERP computer systems is an asset.
  • Able to work efficiently as a part of a team and independently.
  • High level of critical and logical thinking, analysis, and/or reasoning to identify underlying principles, reasons, or facts.
  • Able to work well under pressure and meet set deadlines.
  • Good organizational, time management, and prioritizing skills.
  • Ability to interpret and implement company policies and procedures.
  • Attention to detail in all areas of work.

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