Financial Analyst - R&D Operations

Q-Block Computing; Edmonton; Hybrid; CAD 60,000 - 75,000; Full time

Job summary

A cutting-edge quantum technology company in Edmonton is seeking an experienced Financial Analyst to join their team. This role involves managing financial operations associated with government contracts, research grants, and commercial product sales. Candidates should possess strong R&D accounting expertise, compliance knowledge, and financial forecasting skills. The position offers competitive salary and flexible work arrangements which fit well into a fast-paced startup environment, providing opportunities for career growth and professional development.

Benefits

Competitive salary ($60,000-$75,000)

Flexible work arrangements

Professional development opportunities

Health benefits

Qualifications

• 3+ years of experience in accounting or financial analysis in R&D-intensive environments.
• Professional accounting designation preferred but not required.
• Experience managing government contracts and grants.

Responsibilities

• Manage cost tracking and allocation across R&D projects.
• Prepare financial reports ensuring compliance with accounting requirements.
• Monitor grant budgets and prepare reports for research funding agencies.

Skills

R&D accounting

Financial analysis

Government contracting

Financial forecasting

Grant management

Education

Professional accounting designation (CPA, CGA, or equivalent)

3+ years of accounting or financial analysis experience in R&D-intensive organizations

Tools

QuickBooks

NetSuite

Excel

Job description

Q-Block Computing is seeking an experienced and agile Financial Analyst to join our dynamic team in Edmonton. This position offers an exceptional opportunity to support the financial operations of a cutting-edge quantum technology company while working in a fast-paced startup environment. The successful candidate will bring expertise in R&D accounting, government contracting, and grant management to help navigate the complex financial landscape of emerging quantum technologies and defense sector procurement.

Job Summary

As Financial Analyst for R&D Operations, you will provide critical financial support across multiple revenue streams including government contracts, research grants, and commercial product sales. Your work will encompass cost tracking and allocation for complex R&D projects, financial compliance for defense sector contracts, grant management and reporting, and financial forecasting in a rapidly evolving quantum technology company. This role bridges accounting and operational finance, requiring both technical accuracy and strategic insight into the unique financial challenges of an innovative defense technology company.

Responsibilities

• Manage cost tracking and allocation across multiple R&D projects funded by government contracts, grants, and internal investments
• Prepare financial reports and reconciliations for government contracts ensuring compliance with federal accounting requirements and contract terms
• Monitor grant budgets and prepare quarterly/annual reporting for research funding agencies
• Track and forecast project costs across quantum photonics R&D, manufacturing development, and system integration activities
• Support bid and proposal development by providing accurate cost estimates and financial projections for new government contracts
• Manage accounts payable, accounts receivable, and expense reimbursement
• Assist with financial analysis for capital equipment purchases and infrastructure investments
• Prepare cash flow forecasts and budget variance analyses to support business planning
• Liaise with external auditors on financial compliance matters
• Document financial processes and maintain organized records for contract and grant audits
• Support senior finance team with month-end and year-end closing procedures
• Contribute to financial planning for facility expansion and scaling operations

Qualifications

• 3+ years of accounting or financial analysis experience in R&D-intensive organizations, preferably technology, research-intensive university, or advanced manufacturing sectors
• Professional accounting designation (CPA, CGA, or equivalent) preferred but not required
• Demonstrated experience managing government contracts, grants, or defense sector accounting
• Strong proficiency with accounting software and financial management systems (QuickBooks, NetSuite, or similar ERP systems)
• Solid understanding of R&D accounting principles, cost allocation methodologies, and project-based accounting
• Knowledge of Canadian government contracting requirements and compliance standards
• Familiarity with grant reporting and financial stewardship requirements for research funding

Technical Requirements

• Advanced proficiency in Excel including data analysis, financial modeling, and pivot tables
• Competency with accounting software and basic database management
• Understanding of government contract cost structures (labor allocation, overhead rates, capital equipment depreciation)
• Ability to work with multiple funding sources and cost centers simultaneously
• Knowledge of Canadian tax and payroll requirements

Preferred Assets

• Experience with government defense or aerospace contracts
• Familiarity with federal research programs
• Experience with startup or high-growth company financial operations
• Knowledge of government grant management
• Exposure to manufacturing or hardware-intensive R&D environments

Professional Competencies

• Strong analytical and problem-solving abilities with attention to detail and accuracy
• Ability to manage multiple complex projects and deadlines in a fast-paced environment
• Excellent communication skills for explaining financial information to non-financial stakeholders
• Proactive approach to identifying financial risks and opportunities
• Comfort learning new systems quickly and adapting to evolving business needs
• Self-motivated with ability to work independently while collaborating effectively with team
• Commitment to maintaining confidentiality and handling sensitive financial information professionally
• Curiosity about emerging technologies and emerging company business models

Benefits

• Competitive salary commensurate with experience ($60,000-$75,000)
• Flexible work arrangements
• Professional development opportunities and continuing education support
• Exposure to cutting-edge quantum technology development and defense sector innovation
• Opportunity to grow with a rapidly scaling technology company
• Potential for career advancement as company expands
• Health benefits

Work Details

• Full-time permanent position
• Location: Edmonton, Alberta (hybrid arrangements possible)
• Hours: 40 hours per week

Equal Opportunity

Q-Block Computing is an equal opportunity employer committed to fostering an inclusive environment where innovation thrives. We are committed to treating all employees and applicants for employment with respect and dignity. Applicants requiring accessibility accommodations during the application or interview process are encouraged to notify us, and we will work with you to provide appropriate support.

Application Requirements

• Resume/CV highlighting relevant experience in accounting, government contracts, and grant management
• Cover letter addressing interest in financial operations in startup and emerging technology environments
• References from previous employers or professional contacts
• Any relevant certifications or professional designations (if any)

Note

Due to the sensitive nature of our defense-related research and government contracting work, preference will be given to Canadian citizens and permanent residents. Security clearance eligibility may be required for certain project assignments.

All interested candidates meeting the minimum qualifications are encouraged to apply. This position is ideal for finance professionals passionate about supporting innovative technology development who want to make an impact in Canada's quantum technology sector.