Director, Accounting Operations

at  Myant Corp

ABOUT US

At Myant, we are creating the world’s first expressive and continuous digital presence platform, enabled by integrating technology directly into clothing and augmented by other devices, wearables, and IOT. We see the evolution of society where every member gets to participate from anywhere and anytime through a whole-body experience, mostly in a passive or ambient manner to foster ubiquitous accessibility. Humans have a fundamental desire and need to be connected to our environment, family, community, and technology. This level of connection will create a paradigm shift in the way we deal with each other, especially from afar, allowing for more meaningful relationships, and more in-depth representation of ourselves.
The need for this type of connection is not new. There are many companies working on ways to connect humans in singularity with technology, however most of these technologies are based on devices that are often used in episodical ways hence, leading to poor adoption or reliability. In general, innovation and technology have delivered significant benefits for many members of society. However, there are those who are left behind, namely the very young, the marginalized, the old and the sick. The challenge of inclusion for those left behind requires us to move beyond device focused strategies, towards an interface that we use naturally, every day. We believe that textile is that primary interface, used in clothing, coverings, carpeting and more, we wear and are surrounded by textiles universally, always.
Such an interface could fuse data with other devices that we use periodically and data with other IoTs in the environment. People could then leverage their physical presence over their digital presence to communicate and share personal wellbeing. This could unlock healthcare that is proactive and preventative, social connectedness that is more profound, enable care distribution models to be seamless and on demand, better fitness insights, safer working environments and more.
The vision for SKIIN -our first consumer-facing brand- is to enhance human ability through connected clothing and textiles. Skiin is in beta-phase market launch and has been recently granted Health Canada medical device license and submitted to FDA for regulatory approval in the US market. The sensors and actuators embedded within our apparel create your Digital Identity, which will be consumed by those who matter to you - your family members, physicians, trainers, other IoT devices - without you consciously having to think about it. The line between the digital and physical world is becoming increasingly blurry and we believe textile is the next medium to bridge that gap.
We are a multi-disciplinary technology team solving big challenges at the intersection of electronics, deep tech., software, design, advanced manufacturing, and data science.

QUALIFICATIONS:

• University degree in Accounting or Finance
• Professional Accounting Designation, CPA.
• 8-10 years previous experience, within Financial Services preferred
• Strong knowledge of GAAP, IFRS, and other relevant accounting standards
• Proficiency in accounting software and ERP systems; experience with technology-driven process improvements is a plus.
• MS Office suite of products with an emphasis on strong Excel skills.

ROLE

The role is responsible for overseeing the daily operations of the accounting department, including managing staff, ensuring accurate financial reporting data, and maintaining strong internal controls. This role ensures the timely and accurate completion of month-end and quarter-end close activities, as well as account reconciliations and accounts payable. The Director also collaborates with business and support departments to review monthly results, accruals, and prepaids. The Director works closely with the Finance team and other departments to ensure that all financial activities align with the organization’s goals and compliance requirements.

RESPONSIBILITIES:

Team Leadership & Management:

• Lead and manage the accounting operations team, including hiring, training, and evaluating staff performance.
• Set department goals and objectives, aligning them with the organization’s financial strategy.
• Develop and implement accounting policies and procedures to ensure efficient and effective operations.

Strategic Planning:

• M&A Activities: Assist the Corporate Development team with financial due diligence, integration, and post-acquisition activities. Support the company’s growth through strategic acquisitions.
• Work closely with the CFO and COO to drive the company’s financial strategy and planning. Provide insights and recommendations to both short-term and long-term growth plans.

Accounts Payable:

• Oversee the accounts payable process, ensuring timely and accurate processing of vendor invoices and payments.
• Implement and maintain controls over the accounts payable process to prevent errors and fraud.
• Ensure compliance with company policies and relevant regulations related to accounts payable.
• Collaborate with vendors and internal teams to resolve any issues related to payments and invoicing.

Month-End and Quarter-End Close Activities:

• Oversee the month-end and quarter-end close processes, ensuring all financial data is accurately recorded and reported on time.
• Coordinate the preparation and review of journal entries, accruals, and other adjustments as part of the close process.
• Ensure the completeness and accuracy of financial statements, addressing any discrepancies or issues that arise during the close.

Account Reconciliation:

• Supervise the account reconciliation process, ensuring all balance sheet accounts are reconciled accurately and in a timely manner.
• Review reconciliations for accuracy, completeness, and compliance with accounting policies.
• Identify and resolve any discrepancies or issues found during the reconciliation process.

Internal Controls & Compliance:

• Maintain and enhance internal controls to safeguard the organization’s assets and ensure the integrity of financial reporting.
• Ensure compliance with all applicable financial regulations, including tax reporting and filings.
• Coordinate internal and external audits, addressing findings and implementing recommendations.

Process Improvement:

• A key member of the ERP project team, developing and implementing the new processes and procedures for accounting operations.
• Identify opportunities to streamline accounting processes and implement best practices to improve efficiency.
• Leverage technology to enhance the accuracy and timeliness of financial reporting and accounting operations.

Cross-Departmental Collaboration:

• Work with business and support departments to review monthly financial results, ensuring alignment with the organization’s financial strategy.
• Review and analyze accruals and prepaids with relevant departments, making necessary adjustments and ensuring accurate reporting.

Corporate Tax:

• Prepare of quarterly Canadian income tax provisions.
• Prepare various Canadian corporate income tax filings and election forms including but not limited to (T2/ T5/ T5013/ T106/ T1134/ NR4/ T2057/ TP518 etc.).
• Provide tax analysis for financial statement and management reporting
• Assist with the accounting of tax during period-end such as reconciliations and financial reporting
• Communicate as necessary with CRA and provincial tax authorities to ensure tax returns are assessed/reassessed correctly.
• Prepare working papers to address various CRA / provincial tax audit inquiries.
• Provide on-going assistance for income tax on various tax related matters.