Controller - Toronto, Canada - Baycrest

Baycrest

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

The Centre for Aging + Brain Health Innovation (CABHI) has an opportunity for a

CONTROLLER
70 Bi-Weekly Hours | Non-Union | Day Shifts

The Centre for Aging + Brain Health Innovation (CABHI), is a solution accelerator powered by Baycrest that is dedicated to advancing innovative solutions addressing aging and brain health challenges, with a targeted focus on dementia.

The financial Controller will be responsible for the overall accounting function of the organization, ensuring compliance with the organization's financial policies and practices, providing detailed financial insights, and ensuring timely month-end, quarter-end, and year-end closures.

This role will also provide financial support to the Baycrest Academy for Research and Education (BARE), which is home to the Rotman Research Institute and the Centre for Education & Knowledge Exchange in Aging, both fully affiliated with the University of Toronto.

Responsibilities include but are not limited to:

Financial Oversight & Month-End Close:

Manage the daytoday accounting functions of the organization, including processing / issuing invoices, expense reimbursements, payment processing, deposits, and petty cash.
Oversee and ensure timely and accurate monthly, quarterly, and yearend close processes including the reconciliation of balance sheet accounts including banking, accounts receivable, accounts payable, deferred revenue, other liabilities, foundation funding, other funding, and intercompany transactions.
Manage and review journal entries, reconciliations, and other adjustments.
Coordinate and oversee the preparation of internal and external financial statements, reports, tax, regulatory, and yearend filings.
Support the BARE Finance team in the preparation of external reporting to granting and/or other funding agencies.

Budgeting & Forecasting:

Supporting the BARE Finance team in the preparation and monitoring of the annual budget and quarterly forecasts.
Analyze variances from budget and reporting to senior management.
Support the cash flow reconciliation and forecasting functions of the organizations.

Financial Analysis:

Provide detailed financial analysis as needed, especially for capital investments, pricing decisions, and contract negotiations.
Evaluate and advise on the financial impact of longterm planning and introduction of new strategies and ventures.

Compliance & Regulations:

Ensure compliance with local, provincial, federal, and regulatory reporting requirements.
Stay current with all financial regulations, tax laws, and best practices.

Internal Controls:

Develop, implement, and ensure compliance with internal financial and accounting policies and procedures.

Oversee internal audits, coordinate actions with external audit entities, and ensure that controls are in place.

Liaison with Baycrest Group Entities:

Collaborate with financial controllers and other finance stakeholders across Baycrest to ensure the smooth integration, reconciliation, and consolidation of accounts and reports.
Provide financial analysis and guidance on activities, plans, targets, and business drivers to the group.

Finance Administration:

Responsible for creating, amending, and/or closing cost centres within the accounting structure.
Preparing, modifying, and/or supporting the processing of staffing requisitions, employee change forms, and other financial processes or procedures.

Special Projects:

Assist in special projects as assigned by senior management, such as process improvement initiatives or system implementations.

Qualifications include but are not limited to:

Professional CPA designation required or equivalent.
University undergraduate degree with a specialization in accounting, business administration, health administration, finance, commerce, research, innovation, or equivalent.
Minimum of 5 years of related financial experience, with at least 3 years working in a research, education, innovation, academic, healthcare, or related industry.
Experience with research, university, foundation, and granting organizations (e.g., CIHR, NSERC, SSHRC) is an advantage.
Knowledge and experience with Accounting Standards for Private Enterprises (ASPE) and Accounting Standards for NotforProfit Enterprises (ASNPO).
Strong Microsoft Office and virtual meeting / collaboration systems skills.
Familiarity with financial, accounting, and reporting software (e.g., Smartstream, Empath, Prophix) is a plus.
Highly competent with building financial models and reports using Microsoft Excel, Microsoft Access, and other tools.
Strong financial acuity, critical thinking, analytical and planning skills, and understanding of systems and processes.
Excellent oral, written communication, and interpersonal skills.
Excellent time management and organizational skills with the ability to manage complex projects and handle multiple priorities concurrently.
A collaborator who identifies oppo