Accounting Manager

Purpose of Position

• To mitigate financial risks to the Anchor Group of Companies
• To manage and oversee the daily operations of the Accounting Department
• To monitor and analyze accounting data and produce financial reports or data
• To establish and enforce proper accounting methods, policies and principals

Major Responsibilities

Reporting

• Issue daily, weekly, monthly, quarterly and annual financial statements for both internal and external presentation for the Anchor Group of Companies.
• Prepare all year-end working papers and documents for year-end financial statements.
• Facilitate the auditing of Anchor’s accounting and financial information by external and internal auditors and accountants
• Create, implement, and maintain processes and systems that account for research and development expenses, practices, and costs; these include applied internal and external labour and consulting expenses relating to Anchor’s research and development practices, for tax claims
• Provide relevant and timely financial analyses to Senior Management.
• Monitor performance for the Anchor Group of Companies and report to the monthly internal management meeting on sales, spending, profitability, and ratio analysis.

Planning

• Participate in planning Anchor’s financial operations, in the short-range and long-range, including objectives, methods and resources
• Prepare, maintain and monitor and report on annual operating budgets for the Anchor Group of Companies
• Provide weekly updates on key performance indicators.
• Prepare capital expenditure justifications to determine payback
• Source funding for capital or other long-term debt vs. lease requirements
• Monitor and forecast cash positions, including monitoring and sourcing foreign exchange funding

Systems

• Maintain, monitor, recommend changes and analyze business systems, processes, and procedures to promote efficiency

General Accounting

• Review and approve journal entries, analysis, and reports from direct staff and others, on a weekly basis or as directed by senior management
• Review monthly journal entries for foreign exchange revaluation, bad debt accrual, prepaid expenses, inventory balancing, depreciation, A/P balancing, and long-term debt reconciliation (including current portion)
• Prepare all supporting documentation for the annual third-party review engagement
• Coordinate, facilitate and manage all government audits
• Ensure accuracy of general ledger postings

Cost Accounting

• Perform monthly cost-rollups (adjusting standard cost based on updated average or FIFO costing)
• Coordinate and implement special projects, including recommending accounting policy changes, business process improvements and other projects

Inventory

• Create, implement, maintain and supervise processes that accurately measure, report and account for inventory status for all produced and purchased products/materials
• To perform cost accounting duties relating to job cost accuracy, inventory, cycle counts and purchasing

Payroll

• Supervise, review, and approve payrolls for accurate and timely payment
• Review monthly entries for Accounts Payable accruals, payroll accruals and government remittances based on initial entries prepared by direct staff or others
• Perform monthly payroll reconciliation entry
• Summarize biweekly payroll general ledger entries for entry by Accounts Payable Administrator

Accounts Receivable

• Create, implement, maintain and monitor processes and systems that provide notices for accounts at risk, such as default, late payments, expiring lien dates, surpassing pre-approved credit limits, up-to-date customer credit review and repetitive problematic customers.
• Ensure rapid and consistent collection of receivables
• Manage and approve customer credit, including identifying creditworthiness
• Create, implement, maintain and monitor processes and systems to ensure that all closed jobs are fully invoiced
• Authorize invoices as may be required to meet the needs of the company

Accounts Payable

• Monitor payables, to maximize cash flow while maintaining vendor relationships
• Authorize cheques and purchase orders
• Ensure payments are being made to vendors on a biweekly schedule
• Approve cash disbursement out of bank based on and within authorized signing limits for this position

Supervision

• Supervise Accounting staff

Education

• University degree or college diploma in accounting
• CPA coursework is an asset

Experience

Five years’ experience in a junior accounting position with emphasis on critical-thinking tasks, such as reconciling accounts and preparing financial statements

How to apply:

Kindly forward your resume to [email protected].