Minimum 5 years in accounting with 1-2 years in people management
CPA, CA, or equivalent professional accounting designation required
Experience with ERP financial systems in a large corporate setting
Strong organizational skills to manage multiple priorities
Excellent communication skills for stakeholder engagement
Proactive and motivated towards process improvement
Advanced proficiency in Microsoft Office, particularly Excel.
Responsibilities
Manage month-end closing and prepare financial statements
Oversee monthly, quarterly, and annual closing of accounts receivable
Ensure accurate and timely completion of balance sheet reconciliations
Prepare sales tax filings and assist with corporate year-end tax return
Guide direct reports and monitor their professional development
Consult with stakeholders on financial accounting matters
Lead audits and ensure compliance with financial requirements
Manage accounts receivable from order release to reconciliation
Implement policies for managing overdue invoices and credits
Conduct AR reviews to define collection strategies
Minimize bad debt exposure and monitor aging accounts
Evaluate customer credit limits per policy
Provide customer service for collection issues.
Ensure transactions comply with standards.
Benefits
Work with a collaborative and professional team environment
Opportunity for professional development and career growth
Engage with multiple departments to enhance cross-functional skills
Contribute to a company that prioritizes financial accuracy and stakeholder satisfaction
Position based in a central Toronto location with onsite requirements.
Full Job Description
The Accounting Manager, Receivables and Financial Reporting will work closely with the Director, Accounting in managing all activities related to accounting functions of the company.
They will have a specialized oversight on Accounts Receivable to ensure an effective and efficient workflow and performance of the accounts receivable team against defined goals and objectives and to deliver excellent service to internal and external stakeholders. This position will work with all departments and other finance team members to ensure financial activities are posted on a timely basis, meet all corporate policies, and accurately recorded.
This position is based at Galderma Downtown Toronto office (161 Bay St) with at least three days required on site and the base annual salary range is $90,000 - $110,000 CAD.
Key Responsibilities:
Reporting - 40%
Manage the Month End Closing process, including the preparation and review of monthly financial statements to finance and management team(s)
Manage processes of monthly/quarterly and annual closing of the accounts receivable subledger as well as financial reports in compliance with IFRS reporting requirements including internal management reporting
Review and ensure accurate and timely completion of balance sheet reconciliations
Prepare Canadian sales tax fillings and assist with annual corporate year-end tax return
Leading Receivables and GBS Teams - 20%
Work with each direct report to guide and monitor progress on annual goals and objectives and advise on the progress to enhance the professional development of team
Guide and consult Galderma employees and supporting GBS organization on financial accounting related matters with focus on operational financial activities
Lead internal, external, and regulatory audit processes
Accounts Receivable - 40%
Manage the Accounts Receivable function, overseeing the process from order release to reporting and reconciliation
Implement and ensure consistent and accurate implementation of accounts receivable policies, regarding past due invoices, credit matching to chargebacks, erroneous credit memos, and credit balances of customers. Be well versed in customer portals, customer payment practices and ensure strong inbound cash flow from customers.
Establish monthly and quarterly Accounts Receivable (AR) reviews to understand aging buckets, high-risk accounts and define/enhance collection and dunning strategies
Minimize bad debt exposure and maintain aging at an acceptable level by meeting DSO targets
Evaluate, analyze, monitor, and recommend customer credit limits in accordance with credit management policy
Providing customer service regarding collection issues
Ensure transactions comply with external and internal requirements
Requirements:
A minimum of 5 years of progressive accounting experience, with at least 1-2 years of people management
A recognized professional accounting designation (CPA, CA, or equivalent) or working towards is required
Proven experience with financial systems, particularly experience with an ERP system (preferably in a large, complex corporate environment).
Excellent organizational skills and the ability to manage multiple priorities and deadlines while adapting to shifting demands
Strong verbal and written communication skills, with the ability to effectively engage with internal and external stakeholders
Proactive, self-motivated, and continuously driven to improve both processes and personal professional development
Computer Skills: Advanced level skills using Microsoft Office products such as Word, Excel, Outlook, and Power Point.
About Galderma Laboratories
Galderma Laboratories is a pharmaceutical company that specializes in dermatology. The company was founded in 1981 as a joint venture between Nestlé and L'Oréal. Galderma Laboratories develops and markets prescription and over-the-counter dermatological products for the treatment of acne, rosacea, psoriasis, and other skin conditions. The company operates in more than 100 countries and has research and development facilities in France, Switzerland, and the United States.
