Financial Controller

ComNav, a privately held marine autopilot and precision products manufacturer has a Financial Controller opportunity for the right individual. This hands-on position will work as a member of the management team providing accurate and timely information to all the stakeholders as required. This position is responsible for overseeing accounting, human resources and office administration. The position reports to the CEO and is accountable to the Senior Management Team for co-developing and achieving the company’s Key Performance Initiatives (KPI’s) that meet business’s financial objectives.

This individual is accountable for the accounting operations of the company, to include the production of periodic financial reports, cash management, maintenance of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhanced the accuracy of the company’s reported financial results, and ensure that the reported results comply with the general accepted accounting principles or internationally financial reporting standards, corporate policies and external audits.

The Financial Controller will be accountable for:
**Management - Accounting & Financial**
- Participates in the Senior Management team on KPI development and execute programs to support the company’s strategic plans, coupled with reporting on indicators on metrics set; communicate recommendations on financial metrics to senior management;
- Maximizes return on assets by establishing financial policies, procedures, controls and reporting systems
- Guides financial decisions by establishing, monitoring and enforcing policies and procedures
- Protects assets by establishing, monitoring and enforcing internal controls, ensuring compliance and fraud preventative measures
- Monitors and confirms financial condition by audits and providing information to external auditors
- Ownership of the budgeting, cash flow and forecasting; Coordinates departmental budgets by establishing schedules, collecting, analyzing and consolidating financial data, scheduling expenditures, analyzing variances, initiating corrective actions, reporting trends and recommending financial plan
- Liaise and work with external accountants for review engagement and tax filing within 75 days of year end for delivery to financial institutions by within 90 days of year end
- Organize with team and external advisors for SRED claim filing within 90 days of year end
- Monthly, quarterly, annual financial statement bank reporting and insurance
- Ensure all statutory, legal and regulatory responsibilities are met, all direct and indirect tax compliance and the annual audit process (including GST, PST, WCB, tax returns) for all corporations
- Administer strict confidentiality controls and processes on sensitive financial, employee, plans and other pertinent contracts where required
- Coordinate with operations year end inventory counts, administer consistent just in time inventory reduction programs (increase inventory turns), inventory cost reduction programs, reduce fixed and variable overhead costs for improved financial return, reduce risk on inventory
- Prepares financial statements and reconcile all bank accounts within 15 days of month end and bank accounts / balance sheet accounts within 45 days of year end
- Oversee, lead and improve performance of A/P and A/R departments
- Oversee policies, controls, reporting for MRP, Great Plains accounting systems, Crystal Reports MIS, for increasing accuracy and performance on financial reporting
- Conduct cheque runs, manages payment releases, upon purchase order controls and payment terms and work with supplier, purchasing and operations for timely release of production and lean just-in time manufacturing
- Automate financial transactions with assurance on controls, reporting, etc.
- Organize and maintain all service contracts (equipment, maintenance, leases, utilities, landlord, finance, business licenses, insurance, etc.)
- Organize and maintain all records of key assets and liabilities (intellectual property, trademarks, copyrights, loan agreement contracts, vehicles, capital equipment, fixed assets, etc.)
- Administer programs to enhance financial performance (revenues, gross margins, ebitda, net income, cash flow, return on inventory, inventory turns, return on assets, sales growth)
- Any other accounting, financial, human resource and admin related task approved and directed by CEO

**Human Resources & Administration**
- Confidentially manage records and administer biweekly Payroll, extended health benefit, vacation, sick leave, severance, employee files, employee records, regular performance reviews, and other compliance required to meet employee policies and regulations including responding to any employee grievances
- Develop, administer and execute with the VP, Operations, company Employee Policy, Sales Team Employee Policy, Standard Operating Procedures (SOP), and Code of Conduct (COC) compliance wi