Financial Controller - York, Canada - Yorkdale Dufferin Mazda

Yorkdale Dufferin Mazda

Verified Company

York, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Have experience and/or accounting experience in a Dealership environment

Have good user knowledge of CDK/OneEighty software
Have advanced Excel skills

Responsibilities:

Supervise, lead and direct all aspect of the Accounting Department
Implement systems, scheduling and procedures in the Accounting Department
Control and manage Dealership financial activities, such as the cash flow, preparation of the budget, auditing of the books of accounts, purchases, fixed assets and insurance
Supervise all accounting functions and staff
Monitor the supervision of accounts receivable and sales/purchases of vehicle documentation
Cooperate with the dealer in the longterm planning, cash flow management and the allocation of funds
Monitor monthly and yeartodate operating statements
Supervise the preparation of writeoff depreciation and prepaid expenses
Analyze and review wholesale liability lease and rental vehicles against amount shown by the financial company
Conduct an analytical review of monthly financial statements highlighting; deviations from budget, unusual increases/decreases in revenue and expenses, providing explanations for each
Design accounting policies and procedures for all departments
Keep in touch with financial institutions regarding lines of credit and fund management
Analyze studies of general economic, business and financial conditions, as well as their repercussions on the Dealership's policies and operations
Supervise and manage the production of the Dealership's annual report
Evaluate the Dealership's financial position and issue regular financial and operating reports
Ensure compliance with Generally Accepted Accounting Principles (GAAP) and the maintenance of the Dealership's financial structure to derive maximum tax benefits
Ensure that all financial activities of the Dealership are accurately carried out, documented and recorded
Support the General Manager in managing cash flows and followup on ongoing contracts and accounts receivables
Work with the General Manager in preparing the financial forecasts and budgets for each department
Represent the dealer both within the Dealership and with respect to external activities
Prepare the detailed monthly financial statements, in keeping with the dealer's instructions and the manufacturer's time frame and format; ensure that all manufacturer accounts are uptodate and accurate, in particular those concerning warranty claims, discounts, interest rate protection and industry advertising
Negotiate and supervise the various supplier contracts
Regularly analyze financial reports and the daily control of operations, and notify the General Manager of developing trends
Approve credit before customer accounts are opened
Establish an account collection policy and supervise the followup of accounts receivable
Issue detailed financial statements and management reports for the department managers
Maintain an efficient cash flow management system, to provide for cash needs, and make recommendations for the profitable use of surplus cash
Manage the evaluation of the amortization rates applicable to the fixed assets
Analyze the ledger and the accounts recorded
Review the reconciliation of the accounts in the general ledger with external resources, to ensure that bank reconciliation, reserve accounts, accounts payable to the manufacturer and inventory financing are accurate
Keep uptodate on amendments to the Income Tax Act and notify the General Manager of any operational adjustments required
Ensure compliance with all government financial regulations
Establish reserves for losses to cover contingent liabilities
Ensure that all office employees use appropriate accounting methods and maintain accurate records
Participate in management meetings providing the documents required for such meetings to proceed
Meet with department managers to examine the financial statements, and stress the situation in need of improvement, if applicable
Approve adjustments to the inventory accounts
Prepare a daily management report
Recruit, interview, hire, train and dismiss accounting employees
Ensure that all employee records are current and complete
Supervise the administration of Group Health Plan and other benefits/programs
Perform other tasks, based on management requirements and instructions

Qualifications:

University degree or equivalent in the field of Chartered Accounting and/or:
Comparable dealership accounting experience
CDK/OneEighty
Designation preferred: CA, CGA, CMA
Demonstrated knowledge and understanding of the overall operation of a retail automotive dealership accounting procedures
Strong computer literacy
Demonstrated excellent interpersonal skills must be an effective communicator both verbally and in writing
Demonstrated high degree of common sense and intellect with a well developed business acumen
Demonstrated ability to prio