ATS Automation Tooling Systems Inc. Looking for Financial Analyst at Cambridge, ON Full Time

The Financial Analyst is responsible for supporting activities related to the financial reporting & divisional compliance processes. In addition, the financial reporting of programs, including financial performance reporting, cost accounting, internal controls, budgeting, forecasting, and cash management in support of the program management team. Working with Finance team on month end close/reporting, reconciliations, cash forecasting, foreign exchange analysis, audits, preparation of accurate and timely financial reports.

SPECIFIC RESPONSIBILITIES:
FINANCIAL REPORTING AND ACCOUNTING

• Developing and implementing continuous improvement initiatives with respect to the finance processes with the ATS Code of Business Conduct.
• Supporting of the annual planning process at the program level (B/R/E/C/WC)
• Preparing weekly/monthly program forecasts (B/R/E/C/WC) & analyzing variances between actuals, forecasted & planned results.
• Preparing & analysis of the specific to this business unit
• Responsible for setting up project summary information sheets, receiving and reviewing work and task orders and ensuring pertinent billing information is set up for invoicing.
• Responsible for the Monthly reconciliation of any B/S accounts associated with the business unit.
• Responsible for analyzing and forecasting project costs; as well as developing, preparing, collecting and reporting on schedule and cost data for monthly project reports.
• Responsible for ensuring that the Cambridge Systems Division financial reporting is in accordance with IFRS.
• Responsible for preparing audit working papers on a quarterly basis, ensuring that all accounts are reconciled.
• Developing and/or preparing specific financial analysis as assigned by the Director, Finance.
• Preparation month end adjusting entries & reconciliations as required, along with Project register monthly reporting.
• Intercompany reconciliations and reporting & assisting with other monthly Corporate reporting
• Assisting with cash forecasting & Forecast foreign cash flows for determination of hedge settlement
• Assist with internal and external audits

OPERATIONAL SUPPORT

• Analyzing various profit streams and identification of key opportunities
• Providing early warning of risks along with opportunities to allow accurate, timely information for business decision making including review and investigation of monthly cost variances.
• Reviewing project scope change and change order requests for proper justification, schedule impacts, and adequate budget and funding.
• Working with Project Managers to forecast work required to complete the project after identification of any scope/cost/schedule issues.
• Reporting project cost and schedule status to management for internal reviews as well as analyzing cost variances and recommending corrective actions for capital projects.
• Ensuring that project billing milestone schedules are met that customer invoices are prepared accurately and on a timely basis.
• Working in coordination with contract administrators on contract budgets, progress payments, valuation of contract variations and compensation events as well as contract financial close-out.
• Working with the Manager Programs, Planning & Analysis to identify cost savings opportunities, and opportunities for efficiency gains in day to day operational activities

Additional Responsibilities:
BID SUPPORT

• Supporting the bid approval process, working closely with account managers & the Director, Applications
• Ensuring any financial risks are mitigated (credit/FX/transfer pricing/taxes) & building in cost of financing & EDC costs to any all bids
• Driving the culture of “value selling”, “lowest cost compliant solution” & “separation of cost & Sell”
• Actively participating at cost reviews & supporting applications with requests for historical data.

INTERNAL CONTROL, POLICIES AND PROCEDURES

• Maintaining the accounting records in a timely, accurate and complete manner.
• Ensuring that policies and procedures are adhered to in a consistent manner within the division, and that the financial reporting standards are applied consistently. Regularly review policies and procedures with Manager, Financial Reporting & Compliance, to develop an ATS best practice approach for the financial management of the company.
• Ensuring the safeguarding of company assets.

QUALIFICATIONS:
Education:
A university degree or college diploma in business and/or accounting or equivalent business experience is required. Must have or be working towards a professional accounting designation (CPA).

Experience:
A minimum of 3-5 years of accounting analytical experience is preferred; preferably in a job shop manufacturing or construction environment using the percentage of completion method of accounting.

Individual must have the ability to communicate efficiently and effectively with people at all levels of the organization both verbally and in written form.

Advanced knowledge of an ERP system (preferably JD Edwards) and advanced knowledge of Excel/VBA is required.

In addition, the ability to work with minimal supervision and guidance in a team-oriented work environment is mandatory.

Strong analytical, financial reporting and accounting skills as well a continuous improvement orientation are keys.

Finally, the person must be hands-on, detail oriented and able to consistently meet deadlines, able to work in a fast-paced environment, and have a willingness to get their hands dirty and to resolve complex issues.