Financial Analyst

Toromont Material Handling / Manutention Toromont; Vaughan; On-site; CAD 60,000 - 85,000; Full time

Job summary

Toromont Material Handling is seeking a Financial Analyst to ensure proper accounting of parts and service transactions. The role involves detailed financial analysis, preparing journal entries, and collaborating with various teams. Ideal candidates will possess a Bachelor’s degree and several years of experience in accounting alongside strong analytical skills.

Benefits

Flexible work schedules

Competitive total rewards

Continuous learning opportunities

Qualifications

• 3 to 5 years of accounting or related work experience.
• Bilingual (French / English) is an asset.
• Self-starter with a collaborative work approach.

Responsibilities

• Prepare journal entries, adjustments, and account reconciliations.
• Perform monthly reconciliations on parts inventory.
• Analyze equipment and support contract provisions.

Skills

Problem-solving

Analytical skills

Collaboration

Prioritization

Education

Bachelor’s Degree in Finance or Accounting

CPA, CA, CGA, CMA or CPA designation

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

MS Teams

Job description

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Description

Toromont Material Handling is looking for a Financial Analyst to join their team. The Financial Analyst will work closely with Operations to ensure proper accounting of parts and service transactions at Toromont Material Handling. The role will be a combination of recordkeeping and detailed financial analysis. The analyst will work closely with the Controller and the Parts Team to ensure proper accounting of parts transactions with focus on the parts sub-ledger reconciliation as well as other parts related accounts.

Description

Toromont Material Handling is looking for a Financial Analyst to join their team. The Financial Analyst will work closely with Operations to ensure proper accounting of parts and service transactions at Toromont Material Handling. The role will be a combination of recordkeeping and detailed financial analysis. The analyst will work closely with the Controller and the Parts Team to ensure proper accounting of parts transactions with focus on the parts sub-ledger reconciliation as well as other parts related accounts.

As a Financial Analyst , YOU Will Experience

• Working within one of the safest organizations in the industry where your safety and well-being are our most important priority
• Working for the best in class equipment dealer and with the premium Caterpillar brand
• Opportunities to continuously Learn, Grow and Develop with our Toromont team through our internal Training teams that are geared for your success
• Competitive total rewards including : wages, benefits, and premiums (as eligible)
• An opportunity for flexible work schedules and opportunities across multiple locations across Eastern Canada

In a Typical Day, YOU Will

• Prepare various journal entries, adjustments and monthly account reconciliations
• Perform monthly reconciliations on parts inventory
• Provide assistance in the preparation of the monthly and quarterly reporting packages to Corporate
• Prepare preliminary Annual Budget and quarterly Re-forecasts
• Review company expenses and results analysis of key performance indicators
• Review monthly financial statements to ensure that there are no material errors in parts and service transactions
• Produce ad-hoc reports and analysis as required
• Learn existing processes and quickly recognize areas for improvement.
• Use detective skills to identify and explain variances, then build on this knowledge to improve processes
• Participate in identifying process gaps and recommending improvements
• Perform internal checks / audits to help team with internal controls compliance
• Ensure tasks are performed in compliance with accounting standards and company policies and procedures
• Work with Inventory Control department to ensure proper procedures and best practices are being followed and communicated to Operations
• Review equipment costings; enter transactions into equipment subledger and General ledger
• Calculating conversions of Rentals with a Purchase Option contracts
• Analyze and book various equipment and customer support contract provisions, write- downs and monthly reserves
• Calculating equipment and product support sales commissions
• Support the department as business needs arise and other tasks as requested

Must-haves For This Role

• Bachelor’s Degree in Finance or Accounting, or a combination of comparable education and work experience
• CPA, CA, CGA, CMA or CPA designation being pursued is an asset
• Minimum 3 to 5 years of accounting or related work experience
• The ability to prioritize work and consistently meet tight internal and external deadlines
• Strong problem-solving and analytical skills
• Being a self-starter with the ability to work in a collaborative and team-based environment
• Computer proficiency in Microsoft Suite (Excel, Word, Outlook, MS Teams)
• Bilingual (French / English) is an asset.

About Toromont Material Handling

Toromont Material Handling, a wholly owned subsidiary of Toromont Industries Ltd., sells, rents and provides after-sales service for the full range of Caterpillar, Mitsubishi, and Jungheinrich forklifts. We are also the authorized exclusive dealer for Kalmar lift trucks and container handlers, AUSA rough-terrain forklifts, Shuttlewagon Rail Car Movers and Hoppecke energy solutions. TMH also offers a full range of racking and storage products, and specialized floor cleaning equipment.

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Machinery Manufacturing

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