Senior Financial Analyst, Fixed Assets

Rillo; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Annual performance bonus

RRSP matching program

Hybrid work arrangement in downtown,–+

Job summary

Rillo, in partnership with a well-established Canadian transportation organization, seeks a Senior Financial Analyst, Fixed Assets. This is a newly created, permanent role within the Financial Reporting team.

You will own fixed asset accounting end to end, apply IAS 16 and IFRS 16, and partner with Operations to improve processes. The role offers hybrid work in downtown Toronto and opportunities to contribute to MD&A and audit deliverables.

Qualifications

• CPA designation or nearing completion
• 3+ years of financial reporting with full-cycle close
• Hands-on fixed asset and capital accounting ownership
• Experience applying IAS 16 and IFRS 16
• Lease accounting experience is a plus
• Experience with a large ERP fixed asset module is a plus
• Exposure to public company statements and MD&A is a plus
• Comfortable working without a set playbook and improving processes

Responsibilities

• Own the fixed asset sub-ledger including capitalization, transfers, disposals, depreciation and reconciliations
• Manage capital project accounting and ensure timely capitalization
• Reconcile asset data between systems and the sub-ledger with Operations
• Prepare PP&E journal entries and month/quarter/year-end schedules
• Prepare fixed asset and capital expenditure audit deliverables for auditors
• Apply IAS 16 and IFRS 16 to real transactions
• Review processes, identify inefficiencies and improve them
• Contribute to consolidated financial statements, MD&A, memos and audit materials

Skills

Fixed asset accounting

IFRS 16 / IAS 16 knowledge

Lease accounting

ERP fixed asset module experience

MD&A exposure

Process improvement

Education

CPA designation

Job description

We are working exclusively with a well-established Canadian transportation organization to hire a Senior Financial Analyst, Fixed Assets. This is a newly created, permanent role within the Financial Reporting team.

This is a hands-on role for someone who knows fixed asset and capital accounting inside out. You will be the first person to fully own this area, taking it over end to end and building the processes around it. Once fixed assets is running well, the role grows into broader financial reporting, including financial statements, MD&A and technical accounting.

Key Responsibilities

• Own the fixed asset sub-ledger, including capitalization, transfers, disposals, depreciation and reconciliations
• Manage capital project accounting, tracking costs and project status and making sure assets are capitalized on time when they’re complete
• Reconcile asset component and maintenance data between operational systems and the sub-ledger, working closely with the Operations team
• Prepare PP&E journal entries, balance sheet reconciliations and supporting schedules for month, quarter and year end close
• Prepare fixed asset and capital expenditure audit deliverables and respond to external auditor requests
• Apply IAS 16 and IFRS 16 to real transactions, including componentization, capitalization decisions and lease modifications
• Review existing processes, find inefficiencies and build better ones to support a faster close
• Over time, contribute to consolidated financial statements, MD&A, technical accounting memos and audit committee materials

What We're Looking For

• CPA designation (candidates nearing completion will be considered)
• 3+ years of financial reporting experience with full cycle month-end close
• Practical, hands-on experience owning fixed asset and capital accounting
• Ability to apply IAS 16 and IFRS 16 to real-world situations
• Lease accounting experience is an asset
• Experience with a large ERP fixed asset module is an asset
• Exposure to public company financial statements and MD&A is an asset
• Comfortable working without a set playbook and motivated to improve processes

What's Offered

• Annual performance bonus
• RRSP matching program
• Hybrid work arrangement in downtown Toronto

Our client is committed to diversity and inclusion and encourages applications from all qualified individuals. Accommodations are available upon request throughout the hiring process.