A global luxury goods company seeks a Financial Accounting Specialist, Credit and Reporting for its Canadian organization located in central Toronto, for a full-time permanent position. Past experience in financial analysis and credit / collections is required.

GENERAL ACCOUNTABILITIES:

The Financial Accounting Specialist, Credit and Reporting is a key member of the Finance team and of the organization. This position takes an integral role in planning and executing daily operations for the company in the areas of financial accounting and analysis, order release, resolving internal and external account queries, monitoring client accounts, and processing payments. The role’s responsibilities typically include:

- Demonstrate ethical conduct and business integrity

- Engage and communicate in a consistently professional manner with colleagues, consumers, suppliers, retailers, and regulators

- Exercise integrity and confidentiality in financial reporting

- Fulfill stewardship responsibilities by ensuring compliance with expected standards, controls, and statutory regulations

- Share responsibility for ensuring the Finance function meets the needs of the business at an operational level

SPECIFIC ACCOUNTABILITIES:

Reporting and Analysis

- Support the month-end close process by preparing account reconciliations, aging schedules, bad-debts provision and supporting documentation.

- Investigate and explain significant movements in receivables, cash collections, doubtful debts, and other assigned accounts

- Maintain fixed assets inventory ensuring all fixed assets are documented and tagged and reconciled to the GL. Perform annual count of fixed assets

- Preparation of monthly bank reconciliations

- Prepare and reconcile co-op advertising statements and track monthly co-op investment

- Reconcile intercompany transactions on a monthly basis to account statements.



Assist with preparation of ICO reconciliation per HQ deadlines

- Prepare journal entries, including accruals, provisions, reclassifications, depreciation, valuable-in-transit, and bad-debt provisions, where applicable

- Assist in preparing monthly financial reports, management reporting binder, and variance analyses, as needed

- Assist the auditors at year end and government tax auditors when required and respond to routine audit queries and assist in resolving audit findings on a timely basis

- Support ad hoc finance analysis, reporting, and process-improvement projects

- Work collaboratively with sales, operations, customer service, and external stakeholders to resolve financial matters

- Carry out other reasonable finance and accounting duties as assigned

Credit and Collections

- Maintain accurate customer master data, credit limits, payment terms, and account records

- Monitor accounts receivable aging reports and identify overdue or high-risk customer balances

- Contact customers to follow up on outstanding invoices and secure payment commitments.

- Apply customer payments and reconcile cash receipts to invoices and customer accounts

- Respond to customer inquiries, including providing detailed customer reconciliations and statements as required

- Periodically review and adjust client credit limits to ensure efficient order release while minimizing risk exposure

- Conduct annual review of the credit worthiness of each client, using available credit rating services,



financial information where possible, transaction experience, etc.

- Review new customer credit applications and supporting documentation in line with company credit policies

Internal Controls & Compliance

- Follow and maintain finance policies, procedures, approval workflows, and segregation-of-duties requirements

- At least annually review existing policies, processes and procedures; identify deficiencies and update where needed. Collaborate with various departments in the review process

- Perform assigned internal control checks over invoicing, cash application, credit notes, customer master data, and receivable/vendor balances. Recommend improvements

- Maintain complete and organized records to support audit trails, compliance reviews, and management inquiries

REQUIRED EDUCATION, SKILLS, AND QUALIFICATIONS:

- Bachelor’s degree or diploma in Accounting, Finance, Business Administration, or a related discipline

- Minimum of 3 years of relevant work experience

- Effective verbal and listening communication skills

- Excellent organizational, administrative, and interpersonal skills

- Attention to detail; critical thinker, ability to problem solve, prioritize, and exercise good judgment

- Ability to work independently while collaborating effectively across teams

- A team player with high level of dedication

- Proficiency in Microsoft Excel, including formulas, lookups, pivot tables, and other MS Office tools (Word, PowerPoint, Teams)

- MS Dynamics experience or other ERP experience preferred

Job Type: Full-time

Benefits:

- Company pension
- Extended health care
- Paid time off

Application question(s):

- Describe your prior financial and credit experience, and tell us about your interest in this role. Thank you.

Work Location: In person

📌 Financial Accounting Specialist, Credit and Reporting - Global Luxury Goods Company (Toronto)
🏢 Nameless
📍 Toronto