Corporate Controller at ILAC – Toronto, Ontario

The Company

ILAC Education Group is an industry leader with a mission to change lives through education and create opportunities for international students to achieve their dreams. For 28 years ILAC has offered thousands of international students an immersive learning experience with award-winning English language programs, cultural diversity, exceptional customer service and beautiful campuses in Toronto, Vancouver and now Whistler with Tamwood. Our offerings include high school, language training, summer camps, higher education programs, university pathways, work & study, testing venues, accommodations, employment support and international agent training.

Summary

Position: Corporate Controller

Category: Full-time permanent

Location: Toronto

Reporting to: CFO

We are seeking a highly skilled and experienced Corporate Controller with a keen eye for detail and strong people management skills to join our dynamic finance team. The Corporate Controller will play a crucial role in overseeing the financial health and operations of the organization, ensuring compliance with accounting standards, and providing strategic financial guidance. This position requires a strong background in accounting and finance, with proficiency in accounting software. The ideal candidate will possess excellent analytical skills and be able to manage multiple priorities effectively.

Responsibilities and Duties

1. Financial Reporting:
   • Oversee all accounting day-to-day operations including A/R, A/P, GL, Accounting and Revenue Recognition for a multi-company operation.
   • Lead and manage the annual external audit and tax process, providing necessary documentation and support.
   • Prepare and ensure timely and accurate closing of monthly, quarterly, and annual financial statements with meticulous attention to detail.
   • Review reconciliations for A/R, Earned and Unearned Revenue, Residence Income between student information system and accounting system
   • Review reconciliations of A/P, GL Accounts, bank and credit card accounts, payroll and benefits (ADP), inter-company balances.
   • Ensure consistency of procedures throughout all companies in the ILAC Group.
   • Supervise and mentor accounting team members in a positive and supportive work environment, ensuring efficient performance and professional development.

1. Internal Controls and Compliance:
   • Develop and maintain internal controls to safeguard company assets and prevents errors or fraud.
   • Implement and enforce accounting policies and procedures with precision.
   • Ensure compliance with tax regulations and reporting requirements, paying careful attention to detail.
   • Stay updated on changes in accounting standards and regulations.

1. Cash Management:
   • Manage cash flow with meticulous attention to detail to optimize working capital.
   • Monitor and reconcile bank statements and cash accounts.
   • Implement strategies to enhance liquidity and financial stability.

1. Financial Analysis:
   • Support FP&A team with accurate financial information that is used for department leaders, senior management and board of directors.
   • Collaborate with cross-functional teams, demonstrating strong people management skills to drive financial performance.

1. Financial Systems and M&A Integration:
   • Manage the accounting system, ensuring it is up to date, accurate, and aligns with best practices.
   • Assist in due diligence and financial integration of potential acquisitions

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• CPA designation is considered a strong asset.
• Proven experience as a Controller or in a similar financial management role, ideally 3+ years of Controller experience
• Strong knowledge of Generally Accepted Accounting Principles (GAAP).
• Excellent analytical and problem-solving skills with a keen eye for detail.
• Effective communication and interpersonal skills.
• Exceptional people management skills.
• Proficiency in financial software and Microsoft Excel.

Why Choose ILAC? Discover the Unique Qualities That Set Us Apart!

We change lives through education and create opportunities to achieve your dreams.

At ILAC, our values are our strengths. These are fundamental truths about our company:

We Listen. We Deliver. We Work Together. We Find Solutions. We Value Diversity. We Have Fun!

We thank all candidates who are interested in applying for the position, kindly note, only shortlisted candidates will be contacted.

ILAC is an equal opportunity employer and is committed to providing employment accommodation in accordance with the Ontario Human Rights Code and the Accessibility to Ontarians with Disabilities Act. If contacted, please advise should you require accommodation during the hiring process.

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