Controller

Magnet Search Group Inc.; Ontario; On-site; CAD 80,000 - 100,000; Full time

Job summary

A global leader in the Consumer Product space is seeking a Controller to join their North America Control and Accounting team in Toronto, Ontario. The individual will manage Canadian accounting functions, oversee inventory and tax compliance, and ensure accurate financial reporting. Requirements include a Bachelor's degree in Accounting, CPA designation, and 6+ years of experience. Strong proficiency in ERP systems and excellent communication skills are essential.

Qualifications

• 6+ years of progressive experience in accounting with a focus on inventory, tax, and treasury operations.
• Strong understanding of Canadian tax regulations.
• Experience managing banking operations and intercompany transactions.

Responsibilities

• Lead Canadian month-end and year-end close processes ensuring accuracy and timeliness.
• Oversee inventory accounting, including valuation and reconciliations.
• Manage Canadian tax compliance and reporting.
• Champion internal control environment and ensure compliance.

Skills

Inventory accounting

Tax compliance

Banking operations

Internal controls

Financial reporting

Advanced Excel skills

ERP systems

Communication skills

Education

Bachelor’s degree in Accounting or Finance

CPA or equivalent designation

Tools

Oracle

Cognos

TM1

Job description

Overview

Magnet is helping our client, a Global leader in the Consumer Product space, look for a Controller to join their North America Control and Accounting team. This individual will serve as the primary point of contact for Canadian control and accounting functions, with a focus on inventory accounting , gross-to-net revenue , tax compliance , banking operations , and internal controls .

Responsibilities

Accounting

• Lead the Canadian month-end and year-end close processes, ensuring accuracy and timeliness of financial reporting
• Oversee inventory accounting, including valuation, reserves, reconciliations, and cost of sales analysis
• Own the Gross-to-Net revenue accounting process for Canada, including accruals, reconciliations, and reporting, with support from the NA Revenue Accountant.
• Manage Canadian tax compliance and reporting, including GST / HST, sales tax, and income tax provisions
• Champion a strong internal control environment and ensure compliance with organizational Control Standards (GCS) and corporate policies
• Review and approve key financial transactions, including inventory scrap, purchase orders, vendor bills, credit memos, and journal entries
• Participate in the bi-annual physical inventory count process in a leadership role, ensuring proper controls, documentation, and process adherence
• Support future systems implementations and enhancements
• Execute directives from the NA Controller and help drive alignment across Canadian operations
• Be the main point of contact for all Canadian accounting questions

Banking & Treasury

• Manage daily banking operations, including cash positioning and reconciliations
• Oversee and execute intercompany fund transfers and settlements in coordination with the NA Treasury team

Fixed Assets & Capital Expenditures

• Oversee the fixed asset accounting process, including capitalization, depreciation, and disposals
• Review and monitor capital expenditure requests to ensure alignment with budget and accounting policies
• Maintain accurate fixed asset records and reporting

Budgeting & Forecasting Support

• Partner with the NA FP&A team to support the annual budgeting process and rolling forecasts
• Provide financial insights and variance analysis to inform planning and decision-making
• Identify and mitigate financial and operational risks as they arise
• Ensure compliance with Canadian accounting standards and regulatory requirements
• Maintain documentation and controls to support internal compliance reviews
• Implement and enforce North American accounting policies and procedures across Canadian operations
• Drive consistency and standardization of financial processes and reporting
• Provide leadership in future systems implementations
• Maintain compliance with government agencies

Qualifications

• Bachelor’s degree in Accounting or Finance required; CPA or equivalent designation strongly preferred
• Minimum 6 years of progressive experience in accounting, with a focus on inventory, tax, general accounting and treasury operations
• Strong understanding of Canadian tax regulations and compliance requirements
• Experience managing banking operations, intercompany transactions, and fixed assets.
• Proven experience leading internal control initiatives
• Demonstrated ability to implement change and influence cross-functional teams
• Advanced Excel skills and proficiency in ERP systems (e.g., Oracle, Cognos, TM1)
• Excellent communication, interpersonal, and problem-solving skills
• Comfortable working in a matrixed environment and taking direction from senior leadership
• Proven ability to adapt to and implement change

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting / Auditing, Finance, and Strategy / Planning

Industries

• Food and Beverage Manufacturing
• Accounting
• Food and Beverage Retail

Location: Toronto, Ontario, Canada