Senior Accountant

Xanadu; Toronto; Hybrid; CAD 95,000 - 120,000; Full time

Benefits offered by this job

Equity

Benefits

Job summary

Xanadu is seeking a Senior Accountant to join its Finance team in Canada. You will own inventory accounting, lifecycle management of long-term assets, and core operations supporting R&D initiatives. The role requires proactive collaboration across departments and a focus on accuracy and process improvement.

Key areas include month-end close, asset capitalization, depreciation, grant accounting, and financial reporting under US GAAP. Equity and comprehensive benefits are offered.

Qualifications

• Bachelor’s degree in Accounting or related field.
• Active CPA designation.
• 2–4 years of progressive accounting experience in public accounting or industry.
• Strong attention to detail with the ability to perform in a fast-paced environment.
• Excellent communication and project management skills.
• Advanced proficiency in Microsoft Excel.

Responsibilities

• Lead end-to-end inventory and materials accounting under US GAAP.
• Manage fixed asset lifecycle including CIP capitalization, depreciation, disposals.
• Partner with R&D, Purchasing and Facilities to track asset installations.
• Own monthly, quarterly and annual close; prepare journal entries and reconciliations.
• Act as liaison with auditors for inventory, assets, revenue/grant matters; ensure SOX compliance.
• Lead revenue and grant accounting processes during close cycles.
• Perform variance analysis on revenue, inventory and capital investments.
• Forecasting support and ad hoc process improvements.

Skills

Attention to detail

Project management

Communication skills

Excel proficiency

Fast-paced environment

Education

Bachelor’s degree in Accounting

Active CPA designation

Tools

NetSuite

Microsoft Excel

SQL

Job description

About Xanadu:

Xanadu’s mission is to build quantum computers that are useful and available to people everywhere.

At Xanadu, we are learners, innovators, researchers, collaborators and problem solvers. We are creating something that has never been built before. What we are doing is extremely hard, the classic moon shot. Few people in their life will be able to be a part of something like this, where if we are successful, the technologies we develop will solve some of the world’s most challenging problems, and literally change the world. And that is something to be excited about!

Your role and responsibilities:

We are seeking a detail-oriented and analytical Senior Accountant to join our Finance team. Reporting to the Finance Manager, this role is responsible for inventory accounting, lifecycle management of long-term assets, and core accounting operations that support our research and development initiatives.

In this role, you will combine strong technical accounting expertise with a focus on operational excellence, ensuring that revenue, inventory, and capital investments are accurately recorded, tracked, and depreciated. You will also analyze trends, support forecasting activities, and contribute to strategic decision-making. The ideal candidate is proactive, solutions-oriented, and highly collaborative, with the ability to operate independently in a fast-paced, dynamic environment while continuously improving processes and systems.

Key Responsibilities:

Inventory & Materials Accounting

Lead end-to-end accounting for inventory and materials, including capitalization, usage tracking, and valuation in accordance with US GAAP.

Fixed Asset Accounting

Manage the full lifecycle of fixed assets, including capitalization of construction-in-progress (CIP), depreciation, disposals, and impairment analysis.

Asset Integration & Cross-Functional Collaboration

Partner with R&D, Purchasing, and Facilities teams to track equipment installations and ensure accurate classification and recording of assets.

Financial Close & Reporting

Own accounting operations for assigned areas during the monthly, quarterly, and annual close processes. Prepare journal entries, account reconciliations, and roll-forward schedules.

Audit & Compliance

Act as the primary liaison for external auditors on inventory, fixed assets, and revenue/grant-related matters. Ensure compliance with US GAAP and internal SOX control requirements.

Revenue & Grant Accounting

Lead and optimize revenue recognition and grant accounting processes in accordance with US GAAP. Manage all related accounting activities during month-end and quarter-end close cycles.

Core Accounting & Analysis

Prepare detailed journal entries and perform balance sheet reconciliations. Conduct financial variance analysis across revenue, inventory, and capital investment portfolios. Maintain audit-ready documentation and support financial statement accuracy.

Government Funding & Reporting

Act as the finance lead for government funding programs (e.g., SR&ED, SIF, FedDev). Gather and compile technical and financial documentation to support funding claims and reporting requirements.

CAPEX Planning & Analysis

Partner with department leaders to develop and manage the annual CAPEX budget. Perform monthly variance analysis (actual vs. budget) to support cash flow management and investment decisions.

Expense & Invoice Oversight

Oversee invoice processing and coding for capital projects. Ensure accurate classification between OPEX and CAPEX. Maintain effective accounts payable workflows for major vendors and contractors.

Process Improvement

Identify and implement process improvements and automation initiatives to enhance accuracy, efficiency, and scalability.

Ad Hoc Projects

Support the Finance Manager on additional accounting initiatives, process enhancements, and cross-functional projects as required.

Basic qualifications and experience:

• Bachelor’s degree in Accounting, Finance, or a related field
• Active CPA designation
• 2–4 years of progressive accounting experience in public accounting or industry
• Strong attention to detail with the ability to perform in a fast-paced environment
• Proven ability to take ownership and deliver consistent results
• Excellent communication and project management skills
• Advanced proficiency in Microsoft Excel

Preferred qualifications and experience:

• Experience in a high-growth, agile, or start-up environment
• Familiarity with public company reporting and SOX compliance frameworks
• Experience with ERP systems, particularly NetSuite
• Knowledge of Python and/or SQL is an asset
• Strong understanding of US GAAP

This is for a new position. Your base salary will be determined based on your location, experience, and internal benchmarks. The base salary range is 95,000 - 120,000 CAD. You will also be eligible for equity and benefits.

Our values are important. They are fundamental and lay the foundation for culture at Xanadu. Learn more about our values here.

We are an equal opportunity employer and encourage candidates of all backgrounds to apply. We are committed to building an inclusive, safe, and equitable culture and fostering an environment where our employees feel included, valued, and heard. We are committed to meeting the needs of all individuals and support a barrier-free workplace. Should you require accommodations at any point during the recruitment process please contact Recruiting at [e-mail].

Please be advised that we may use artificial intelligence (AI) tools to assist in the screening and assessment of applicants for this position. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.