Accountant

at  Sherwood Electromotion Inc

We are looking for an Accountant who have a strong technical ability in financial reporting and experience with month-end and year-end close cycles. Understand the accounting principles as embodied in GAAP. Can support the Financial Controller in the preparation of trial balance, bank reconciliations, and other bookkeeping functions in preparation of the monthly financial statement. Can perform account analysis and assist in special projects. Understand processes and recommend improvements to enhance accuracy and timeliness in the financial reporting. Must know and with the ability to navigate an ERP system. Assisting to others to accomplish objectives and manage your own projects and deadlines.

REQUIRED SKILLS & QUALIFICATIONS

• Bachelor’s Degree in Business/Accounting, with an advanced degree or professional or close to earning accounting designations.
• 3-5 years of working 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.
• Knowledge of Canadian financial laws
• Proficient communication, interpersonal and organizational skills are vital to the role.
• Experience supporting audits performed by external audit firms.
• 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.
• Good project management skills and the ability to motivate teams to produce quality work within tight timeframes.
• 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 diacritical and logical thinking, analysis, and/or reasoning level
• Ability to interpret and implement company policies and procedures.
• Attention to detail in all areas of work.

• Provide support to Financial Controller in the preparation of monthly timely and accurate financial statements to the Management, banks and other stakeholders.
• Update and manage balance sheet accounts, reconcile GL and subsidiary like AR, AP, and inventory
• Prepare monthly bank reconciliations and enter adjusting entries.
• Support all accounting functions including payment processing, A/R, A/P, account reconciliation, revenue recognition, variances analysis, and daily bookkeeping tasks.
• Responsible preparation of the reports for tax remittances like GST, PST, WSIB and EHT.
• Manage and monitor bank balances and ensure availability of the funds by initiating fund transfers
• Supporting the Controller with workflow process improvement and pursuing special projects
• Process biweekly payroll and ensure the completeness of the payroll documents and accuracies and remit the corresponding withholding taxes and source deductions to CRA.
• Review of aged receivables and ensure all the outstanding accounts are collected based on customers terms.
• Provide weekly AR reports to the Controller for the status of overdue accounts and collection efforts.
• Verify receipts, income tax returns, payroll data, financial statements, ledgers, and other documents pertaining to finances within an organization.
• Manage and monitor AP payments and wire payments to suppliers
• Assisting and training the AR/AP Coordinators in the performance of their duties and responsibilities and ensuring all the internal controls are implemented in processing payments.
• Manage the integrity of GL postings and ensure the accuracy of GL coding’s
• Ensure accuracy and compliance to GAAP accounting standards, procedures and internal control
• Manage the month-end AR /AP month end closing and year-end close procedures.
• Provide support to the Controller during year end audit and preparation of the working papers and documentations for the Auditors.
• Update and maintain intercompany accounts and reconcile as necessary.
• Recommend improvements to accounting systems and management practices
• Post journal entries
• Maintain general ledgers and financial statements
• Making sure members of the finance team meet all financial reporting deadlines
• Responding to inquiries from the Controller, and other high-level Managers
• Monitoring and analyzing the financial department and supporting the Controller to develop more efficient procedures and proper use of resources while maintaining a high level of accuracy
• Provide support to all other customer and government audits.
• Other related duties and required or assigned.