Internal Controller

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Job Overview
We are seeking an Internal Controller, the controller acts as the primary steward of a company's financial integrity, responsible for designing, implementing, and monitoring procedures that safeguard assets and ensure the reliability of financial reporting. They function as the "owner" of the accounting-related internal control system, ensuring compliance and mitigating risk.

Responsibilities

• 1. Establishing and Maintaining Controls

· Designing Control Procedures: Creating and documenting internal controls (e.g., separation of duties, approval limits) within the accounting and finance departments.

·Safeguarding Assets: Implementing policies to prevent fraud, theft, and continued mismanagement of company resources.

·Developing Policies: Establishing accounting policies to ensure compliance with GAAP, ASPE

FP&A forecasting - rolling 18 month forward outlook - Income Statement, Balance Sheet and Statement of Cash Flows

2. Monitoring and Risk Mitigation

·Risk Assessment: Identifying, analyzing, and mitigating financial risks that could impact the organization.

·Variance Analysis: Monitoring actual expenditures against the budget, investigating deficiencies, and reporting significant variances to the operational & management team.

·Internal Audit Liaison: Coordinating with external and internal auditors to test the effectiveness of controls.

3. Ensuring Integrity of Financial Reporting

·Financial Close Process: Overseeing the month-end/year-end close to ensure accuracy and timely financial reporting.

·Approval Authority: Reviewing Approving invoices and ensuring proper coding in the general ledger.

·Reconciliations: Ensuring all balance sheet accounts are fully reconciled monthly.

4. Compliance and Oversight

·Regulatory Compliance: Ensuring compliance with tax regulations (HST, PST), local laws, and industry-specific requirements.

·Segregation of Duties: Ensuring no single individual has control over all aspects of a financial transaction, particularly in payroll and accounts payable.

·System Access Control: Managing access to accounting software and financial data to ensure security.

5. Key Internal Control Frameworks

Controllers often utilize the COSO framework, which includes five key components: Control Environment, Risk Assessment, Control Activities, Information & Communication, and Monitoring.

·Operator Role: The controller ensures that day-to-day operations—such as vendor setup and invoice processing—follow established controls.

·Steward Role: The controller preserves assets by ensuring internal processes are followed to minimize financial risk.

• preparation of monthly financial workbook including variance analysis
• preparation of journal entries and account reconciliations
• analysis of job costing
• audit preparation and support
• assistance with documenting accounting procedures
• fixed asset reconciliation and analysis
• provide support with AR invoicing and AP invoices
• AR collection reports bi monthly
• monthly work in progress report
• provide support for inventory tracking
• provide support for payroll
• provide support for bank transactions
• Internal controls
• Spot inventory counts
• Corporate taxes

This position is integral to maintaining the financial health of our organization by ensuring precise recordkeeping and compliance with established standards. We seek a dedicated professional committed to excellence in financial management.

Pay: $80,000.00-$100,000.00 per year

Benefits:

• Dental care
• Extended health care
• Life insurance
• On-site parking

Work Location: In person